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|Articles - December 2011|
|Tuesday, November 15, 2011|
Page 2 of 2
Wildwood brought two potential tenants for the building to the negotiating table: Organic Fresh Fingers and Wandering Aengus Ciderworks, small food processors in growth modes. Together, the parties devised the loan program. The city loaned each about $275,000 from the new fund to make improvements to the building that would enhance its sustainability and energy efficiency. Wildwood also offered its fledgling tenants certain incentives to locate there, including a sliding-scale lease deal under which they pay below-market rates now but will pay more as they grow.
Because food processing is so energy-intensive, utility bills comprise a huge chunk of the cost of production. The start-up principals put their heads together with Henry and Miller and came up with a list of energy-saving improvements, including solar heating units, highly efficient heat pumps, energy-efficient lighting, and so on. These improvements resulted in a 23% reduction in energy use compared to a traditionally built facility.
The tenants arrived in September and already they are realizing huge reductions in utility costs, says Organic Fresh Fingers’ president Evann Remington. “I’m shocked at how much it’s saving us,” she says. (A third food-processing tenant that has one employee, Myriad Cake Design, subleases from Organic Fresh Fingers.)
Here’s the kicker: The tenants can have up to 70% of the loans converted to a grant if they meet certain hiring benchmarks. Already, Organic Fresh Fingers, which sells organic lunch items to schools and kids’ organizations, has hired eight more employees since it moved in, bringing its total to 13. Ciderworks, which employed just two prior to the move, now has six employees and plans to hire three more after the first of the year.
Both Organic Fresh Fingers and Ciderworks can already see the time coming when they’ll outgrow their current space. That’s good, Henry says, because the incubator strategy envisions the current tenants succeeding, expanding, and moving from incubation space to new space on the same property.
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.
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
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, June 06, 2014
BY KATIE AUSBURGER | OB GUEST CONTRIBUTOR
How to build a hipster-friendly work environment.
Thursday, June 26, 2014
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
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