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|Articles - December 2011|
|Tuesday, November 15, 2011|
Page 1 of 2
By Dan Cook
As the state’s economic malaise continues to suck the life out of industry after industry, one sector has withstood the worst of the blows. Food processing in Oregon and the Pacific Northwest as a whole has grown over the last few years, according to industry statistics. The state’s estimated $12 billion food processing industry has its giants — Reser’s, NORPAC and Truitt Brothers — but its true strength lies in its small businesses.
In a once-vacant building in a formerly bankrupt business park in Salem, all of the strengths of this resilient industry are on display in a collaborative commercial venture featuring two small businesses, one visionary developer and a flexible city government.
The facility, located just off Interstate 5 in South Salem, was part of the Sunwest Corp. real estate meltdown. Today, it’s owned by Wildwood/Mahonia, a below-the-radar diversified group that has been quietly carving out space for itself in the sustainability marketplace. Wildwood purchased out of bankruptcy the building and the surrounding acreage in 2010.
Wildwood partners John Miller and Travis Henry saw an opportunity to do something creative that would not only contribute to their own bottom line, but to the environment and the economy as well. They would create a business incubator with small-business tenants who shared their sustainability values. As the tenants prospered, so would the developer, went their version of the vision. They were targeting food processors because of the resiliency of the sector. “We love ag,” says Henry.
Here’s how the deal was accomplished, according to Henry: The Wildwood partners knew the 14,000-square-foot facility was in a City of Salem Urban Renewal District. They found out there was still $1.4 million in the district’s development account after the city had completed its last project in the district. “We suggested they use it to create a loan program focused on supporting small businesses,” Henry says. The city was willing.
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
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.
Friday, July 18, 2014
BY 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?”
Thursday, July 24, 2014
BY 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.
Tuesday, August 19, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.