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Oregon Business Association

Balanced Voice

January 31, 2008

Environmental Enhancement Tax Credit

The 2008 Legislative Session begins next week.  OBA is working with Senator Ginny Burdick, Chair of the Senate Finance Committee, to introduce the Environmental Enhancement Tax Credit (EETC).  This important bill will provide a tax credit to Oregon businesses that exceed state and federal environmental regulations.  The EETC will help Oregon attract new companies, keep existing business and create jobs that enhance Oregon's environmental footprint.  

Dennis Denton, Founder of Denton Plastics, Inc. has been working with us on the EETC in preparation for the coming session.  We asked Dennis to talk about the EETC and how it would help Denton Plastics continue to be a leader in sustainability.

OBA Member Commentary

EETC - Good for Business, Good for Oregon
By Dennis Denton

Denton Plastics strongly supports OBA’s effort to pass the Environmental Enhancement Tax Credit in the 2008 session.  We believe that it is possible to help the environment and promote economically sound business principles at the same time.  The EETC is an outstanding opportunity to encourage both economic growth and sustainability.

Sustainability has been our business for 25 years.  By taking plastics out of the waste stream and compounding them into new resins, we not only help the environment, but also offer quality material at a cost savings to manufacturers.

A full-service plastic recycler, Denton Plastics offers our customers a wide-range of opportunities.  First, we bring in plastic scrap from all over, taking material that would otherwise be headed for the landfill and providing businesses an opportunity to recycle.  Our high-quality reprocessed resins are designed to meet our customers’ specific needs to make everything from pipe to flower pots to kayaks.  We also bring in railcars of virgin resin and give our customers the option of blending our reprocessed material with our virgin material, making it possible for them to use recycled content for more applications.

At Denton Plastics, we make it easy and affordable for companies to choose to “go green.”

We are excited about OBA’s efforts to pass the Enhanced Environmental Tax Credit because of what it means for companies like ours.  At Denton Plastics, we are always looking for new feedstocks.  There is a demand for our recycled resins and we are seeing that demand increase.  In order to meet our customers’ needs, we want to go deeper into the waste stream.  The EETC would provide us the opportunity to pursue these goals by making it more economically feasible.

Denton Plastics is a small, locally-owned business with about 40 employees and the desire to grow.  We have already laid out plans to attain additional equipment to wash dirty material.  The EETC would make this capital investment possible sooner.  The sooner we can provide a new market for landfill-bound dirty plastics, the sooner we can pass along the environmental and economic benefits.

We would like to thank OBA and other supporters of the EETC for their commitment to helping companies like Denton Plastics expand Oregon’s opportunities to be sustainable.

Dennis Denton is President & Founder of Denton Plastics, Inc. and Chairman of the 2008 Global Plastics Environmental Conference.

PNWER RECEPTION

Special Reception with the Pacific NorthWest Economic Region's Leadership

Date: February 4, 2008
Time: 4:00 P.M.
Location: Senate Gallery

The Oregon PNWER Host Delegates are welcoming PNWER
delegates from throughout the region:

Oregon Host Delegates:

Governor Ted Kulongoski
Senator David Nelson
Senator Margaret Carter
Representative Mike Schaufler, PNWER Vice President
Representative Paul Holvey
Senator Frank Morse
Representative Vicki Berger

To RSVP please email Ree Armitage at:  rep.paulholvey@state.or.us

The Pacific NorthWest Economic Region (PNWER) is a regional U.S.- Canadian forum dedicated to encouraging global economic competitiveness and preserving our world-class natural environment. PNWER is recognized by both the United States and Canada as the “model” for regional and bi-national cooperation because of its proven success.

PNWER is a respected voice and resource for our region, and provides the public and private sectors a cross-border forum for unfiltered dialogue that capitalizes upon the synergies between business leaders and elected officials who work to advance the region’s global competitiveness.