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|Articles - October 2011|
|Thursday, September 22, 2011|
A flood of cheap Chinese imports is swamping the global market for solar panels, driving down prices dramatically, but Oregon officials say their investments in solar manufacturing remain solid.
“We’re feeling confident about the decisions that we’ve made as a state and the companies that have chosen to move here,” says Business Oregon Director Tim McCabe. “Everyone we’ve given an incentive to is still here and growing.”
The state has invested millions in SolarWorld in Hillsboro, Solaicx in Portland and Sanyo Solar in Salem. The latest recruit, California-based SoloPower, received a $20 million loan from the Oregon Department of Energy and $29 million in tax breaks to establish manufacturing in North Portland with plans to employ 500 people within five years. But those local subsidies are minuscule compared to the $30 billion the Chinese Development Bank lent to Chinese solar companies in 2010. Prices for solar panels have dropped by more than 30% over the past year as Chinese companies have established dominance.
SolarWorld executives have long railed against what spokesman Ben Santarris calls “the swamping of the markets by state-sponsored competitors.” Sen. Ron Wyden (D-Oregon) backed that charge with a sharply worded Sept. 8 letter to President Obama, warning that, without action, the U.S. solar industry and its jobs “may disappear.”
SolarWorld’s 1,000-employee Hillsboro facility is the largest solar panel factory in North America. The company recently shut down its production plant in California and cut 186 workers. That move came days after the news that the much-hyped solar manufacturer Solyndra would declare bankruptcy — the largest of three summer bankruptcy filings by U.S.-based solar manufacturers.
Even hard-core solar supporters such as Glenn Montgomery of the Oregon Solar Energy Industry Association acknowledge that “the news in the industry has not been good.” But Montgomery and McCabe say it is important to consider specific technologies and business plans rather than assuming that all American-based manufacturers are in trouble. McCabe notes that two of the three companies that went bankrupt this summer tried and failed to get state support for a move into Oregon, only to fail to clear due diligence tests. The companies that did receive state support “have hit every target we’ve given them” for jobs and production, McCabe says.
Friday, June 06, 2014
BY KATIE AUSBURGER | OB GUEST CONTRIBUTOR
How to build a hipster-friendly work environment.
Tuesday, July 01, 2014
BY 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.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Wednesday, July 02, 2014
BY 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.
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
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