Home Back Issues July 2011 Perpetua's tribal deal

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

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...

Grape Expectations

October 2014
Thursday, September 25, 2014
BY HANNAH WALLACE

Well-financed outsiders from France and California are buying up vineyards and wineries in the Willamette Valley.


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


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