Home Archives February 2007 Tire giant leaves tread behind in Crook County

Tire giant leaves tread behind in Crook County

| Print |  Email
Thursday, February 01, 2007

Tire.jpg

PRINEVILLE — Les Schwab Tire Centers may be moving its headquarters from Prineville, but city leaders predict the departure will have fewer economic and cultural effects than might be expected for a city of 9,000.

Schwab built the company from a single store in Prineville five decades ago to 410 stores, 7,700 employees and $1.6 billion in 2006 sales. The move will leave 800 workers behind at the company’s tire-retreading, warehouse and distribution center, but 350 employees will head 35 miles south to Bend and a 120,000-square-foot office building that will be finished in 2008.

It’s not a devastating loss, says Prineville city manager Robb Corbett, because the city has tried to develop a broad economic base — including industry, tourism and the regional railroad — as Les Schwab has grown.

However, he and others in the region wonder how the loss of Les Schwab’s highest-paid employees will impact restaurants and other businesses. The company has acknowledged the potential consequences: Days after officials announced the move, Les Schwab gave Prineville a $50,000 grant for economic development.

As to the city’s identity, long tied to its famous resident, Crook County commissioner Mike Mohan thinks Prineville’s character will remain essentially the same. Much of the company’s top brass already lives outside the county and isn’t involved in the community.  

The move is a homecoming of sorts for 89-year-old Schwab, who reportedly spent much of last year in the hospital. (Company reps will not comment on the move or his health.) He was born in Bend in 1917, and graduated from high school there. But as his company grew, Prine-ville held his heart. In his 1986 autobiography, he wrote that any drawbacks of being headquartered in a small, isolated city had been offset by the quality of employees he found there.

“Les Schwab is really interwoven in the community,” says Corbett. “But they grew faster than Prineville did.”

— Abraham Hyatt


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Understanding Oregon medical marijuana dispensary tenants

News
Friday, June 13, 2014
061314 thumb grassrentBY CLIFF HOCKLEY | OB GUEST BLOGGER

This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.


Read more...

Blips and trends in the housing market

News
Thursday, June 26, 2014
062614 thumb realestateBY ERIC FRUTS | OB BLOGGER

Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?


Read more...

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY JESSICA RIDGWAY | OB WEB EDITOR

Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.


Read more...

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

The business of running a food cart

News
Thursday, June 05, 2014
OBM1BY HANNAH WALLACE | OB BLOGGER

What does it take to launch and run one of these mobile food businesses?  


Read more...

Community colleges and sustainability

Contributed Blogs
Thursday, July 31, 2014
sustainabilityBY MARY SPILDE | OB GUEST CONTRIBUTOR

Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS