Sponsored by Forest Grove Economic Development
Home Archives September 2009 Watch your back, Woods Hole

Watch your back, Woods Hole

| Print |  Email
Thursday, August 20, 2009
woodshole
Iselin Marine Facility at Woods Hole
PHOTO BY WOODS HOLE OCEANOGRAPHIC INSTITUTION

Add the facilities in Newport and Corvallis together, and Oregon is home to the third-largest ocean research community in the U.S., with a budget of about $120 million, says George Boehlert, director of OSU’s Hatfield Marine Science Center in Newport. The coastal town of about 10,000 is a rising star in ocean research, behind only the Scripps Institution of Oceanography at the University of California in San Diego and Woods Hole, Mass., a Cape Cod village world-famous for marine research.

Newport’s research community leapt forward last month when the National Oceanic and Atmospheric Administration signed a lease with the Port of Newport for a new facility, paid for by $19.5 million in lottery-backed bonds and $24.8 million in revenue bonds issued by the port. The facility’s economic impact is estimated to be $19 million per year, plus 50 to 100 construction jobs and a smaller number of NOAA jobs. Port manager Don Mann says building up the science sector will create high-paying jobs and diversify the economy in the long run. “We keep saying we want to be the Woods Hole of the West Coast,” he says.

Newport hosts researchers from OSU and at least seven federal agencies, making it more like Woods Hole’s multi-institutional community than San Diego’s university-based Scripps. Woods Hole is a coastal town with a small population that regularly swells with tourists, fishermen, second homeowners and oceanographers — much like Newport.

But Newport can’t exactly replicate the Woods Hole path to pre-eminence. Woods Hole’s science community developed after the U.S. Commission of Fish and Fisheries (now the National Marine Fisheries Service) was established in 1871, and started attracting marine biologists to the area who established more laboratories. The Woods Hole Oceanographic Institution, the largest of the 73 marine science firms in Cape Cod and its biggest employer with about 1,000 employees and a research budget of $129 million, was established in 1930. Woods Hole is also bolstered by its proximity to a host of top-rated universities.

One tangle in building an ocean research hub is that oceanographers can now do their work without the sea by monitoring satellite transmissions and even operating vessels remotely. Quick ocean access was a big factor in NOAA’s decision to move from Seattle to Newport, where the 30-minute cruise to the Pacific is a vast improvement over a lengthy slog through locks and Puget Sound. But a May 2008 report commissioned by the nonprofit Yaquina Bay Economic Foundation concluded that Newport must build high-tech facilities if it wants to draw oceanographers.

Newport’s research sector has grown rapidly in the past 40 years. But Bob Curtis, director of a Woods Hole nonprofit that works to maximize the research community’s economic impact, says it’s likely to be a long road to economic prominence. When asked what advice Woods Hole could offer Newport, he suggested patience.

ADRIANNE JEFFRIES
 

More Articles

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...

Register for 100 Best Companies survey

News
Wednesday, August 20, 2014
OBM-100-best-logo-2015 150pxwBy Kim Moore | OB Editor

The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Is this employee right?

Contributed Blogs
Wednesday, August 13, 2014
081314 thumb employeefeelingsBY TOM COX | OB BLOGGER

When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”


Read more...

Q&A: David Lively of Organically Grown Co.

News
Tuesday, July 01, 2014
OGCLogoBY HANNAH WALLACE | OB BLOGGER

Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.


Read more...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


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