Perpetua's tribal deal

| Print |  Email
Articles - July 2011
Wednesday, June 22, 2011

0711_Perpetua
The Perpetua site is expected to attract similar renewable energy and recycling projects. Workers at the new plant will assemble the renewable components for wireless sensors.

A partnership between the Coquille Indian Tribe and Perpetua Power Source Technologies will bring a new assembly and production facility to tribal-owned property in North Bend. The plan, which has been in development for a year, will also allow Perpetua to expand the manufacturing capabilities of its renewable thermoelectric technology at Corvallis company headquarters.

Coquille spokesman Ray Doering says the new facility meets the tribe’s sustainability criteria for the 50-acre Ko-Kwel Wharf, which so far is vacant except for an RV lot and the Mill Casino and Hotel. “We are trying to develop the waterfront into an innovation center with businesses such as renewable resource development and clean recycling,” Doering says. The Perpetua plant, which is expected to employ about 30 people, will also provide local jobs “in a community where not a lot of development is taking place,” he says.

The tribe and Perpetua, which makes green components for wireless sensors, would not state the amount of the investment, except to say the partnership will give Coquille a controlling stake in the company. (Perpetua launched in 2005 and currently employs 25 people). “We were looking to carry the lead on series B Funding and the tribe stepped up and said it was interested in being part of the deal,” says Perpetua VP Jerry Wiant.

The plan also includes new manufacturing equipment for the Corvallis plant, and reactivation of Foreign Trade Zone status for the North Bend facility, a designation that would eliminate import tariffs on raw materials. The partnership “is a significant step for both parties,” says Wiant. “We get extra space and the tribe gets to kick off development of the wharf.”

LINDA BAKER

 

More Articles

6 things to know about the Amtrak Cascades route

The Latest
Friday, May 22, 2015
thumb3BY JACOB PALMER | DIGITAL NEWS EDITOR

The recent tragedy in Philadelphia has called attention to Amtrak and the nation's woefully underfunded rail service. Here are six facts about the Amtrak Cascades corridor between Eugene and Vancouver B.C. 


Read more...

Downtime with John Helmick

June 2015
Tuesday, May 26, 2015
BY JACOB PALMER

Live, Work, Play: CEO of Gorilla Capital.


Read more...

Marijuana law ushers in new business age

The Latest
Tuesday, June 23, 2015
062315panelthumbBY KIM MOORE | RESEARCH EDITOR

Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.


Read more...

Up in the Air

June 2015
Friday, May 22, 2015
BY ANNIE ELLISON

Portland tech veteran Ben Berry is leaving his post as Portland’s chief technology officer for a full-time role producing unmanned aerial vehicles (UAVs) aimed at first responders and the military. Berry’s AirShip Technologies Group is poised to be on the ground floor of an industry that will supply drones to as many as 100,000 police, fire and emergency agencies nationwide. He reveals the plan for takeoff.


Read more...

The Backstory: Portland Youth Builders

The Latest
Wednesday, June 03, 2015
blog002 1BY JASON E. KAPLAN | STAFF PHOTOGRAPHER

As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward  housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.


Read more...

Undersea Power

June 2015
Friday, May 22, 2015
BY JACOB PALMER

Mike Morrow and Mike Delos-Reyes first came up with the idea of an ocean power device 23 years ago, when they were students at Oregon State University. They realized a long-held vision last summer, when their startup, M3 Wave, successfully launched the first ocean power device that works underwater.


Read more...

Intrepid reporter checks out ZoomCare rebrand

The Latest
Wednesday, May 27, 2015
dentistthumbPHOTOS BY JASON E. KAPLAN

Like all good journalists, OB editorial staff typically eschew freebies. But health care costs being what they are, digital news editor Jacob Palmer couldn't resist ZoomCare's offer of a three-in-one (cleaning, exam, whitening) dental office visit, guaranteed to take no more than 57 minutes. 


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