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

The 100 Best Green Workplaces in Oregon

June 2014
Tuesday, May 27, 2014

GreenLogoOregon is known for its green-minded citizens, and many workers are attracted to firms and organizations that practice green, not just pay lip service to it.


Read more...

Creating a culture of compliance

Business tips
Thursday, June 19, 2014
DataBY MONICA ENAND | GUEST CONTRIBUTOR

Nine tips for building habits among employees to respond when needed.


Read more...

Salvage operation

June 2014
Thursday, May 29, 2014
BY JONATHAN FROCHTZWAJG

For Far West Fibers, one of Oregon's largest and oldest mixed-recycling companies, garbage alchemy has long been big business.


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...

Green Your Workplace seminar held at Nines Hotel

News
Wednesday, May 28, 2014

GreenYourWorkplacelogoOBMOregon Business magazine's  "Green Your Workplace" seminar featured a panel of sustainability experts from small, medium and large organizations. The seminar drew 70 people and took place in the Nines Hotel this morning.


Read more...

Proceed with caution

June 2014
Thursday, May 29, 2014
0614leadersBY COURTNEY SHERWOOD

Business and civic leaders weigh the risks and rewards of going green.


Read more...

2014 Best Green Companies to Work For announced

News
Wednesday, May 28, 2014

100BestGreenMore than 350 people turned out today for Oregon Business magazine’s sixth annual celebration of the 100 Best Green Companies to Work For in Oregon.


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