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|Articles - December 2011|
|Tuesday, November 15, 2011|
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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.
Friday, April 24, 2015
BY BEN DEJARNETTE | INVESTIGATEWEST
Timber companies and environmental groups take a stab at collaboration to boost logging and restoration in Oregon fires.
Thursday, April 23, 2015
BY JASON NORRIS | GUEST BLOGGER
There are winners and losers with a strengthening U.S. dollar.
Monday, April 27, 2015
BY LINDA BAKER
A longtime technologist and entrepreneur, Dwayne Johnson, 53, is managing partner of PDXO/GlobeThree Ventures, a strategy and business consultancy in Portland.
Friday, May 22, 2015
BY AMY MILSHTEIN
Floor plans embrace the great wide open.
Friday, May 22, 2015
BY HANNAH WALLACE
Travelers have always come to Oregon for its natural beauty. But will the increasing popularity of agritourism, European-style hiking getaways and forest resorts relax Oregon's notoriously strict land-use laws?
Tuesday, May 26, 2015
BY LINDA BAKER
Spring rains are the bane of an Oregon cherry farmer’s existence. Even a few sprinkles can crack the fruit so badly it’s not worth picking. Science to the rescue: Researchers at Oregon State University have developed a spray-on film that cuts rain-related cracking in half, potentially saving a season’s crop. The coating, patented as SureSeal, is made from natural chemicals similar to those found in the skins of cherries: cellulose, palm oil-based wax and calcium.
Monday, April 27, 2015
BY JOE CORTRIGHT
The Knight challenge is an important instance of philanthropy. But we should not assume it will magically transform OHSU into a business- and job-spinning engine for the local economy.
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Oregon-based Environments helps companies create inspired workspaces. “Simply put, we help companies future-proof their workspaces,” says Chris Corrado, president. Since 1988,Environments has witnessed firsthand the changing landscape of business. Native Portlander and Environments founder Corrado says, “We help our clients navigate the complex realities of the workplace today and plan for their future in a very mindful, strategic way. We think of ourselves as their partners in the process.”
One hundred years ago, the Willamette River might easily have been mistaken for a sewer. Unchecked industrial activity and decades of pollution made it unrecognizable compared to the clean river that now flows north for 187 miles from Eugene through the center of Portland.
Sussman Shank LLP served as lead counsel for both the sale of 9 assisted living, memory care, and independent living campuses in Washington, Oregon, and California to a publicly-traded REIT, and the acquisition of 11 single-tenant net lease properties. This transaction was unique because it included both the sale of licensed senior housing facilities and a complicated 1031 tax deferred exchange transaction.
The Oregon Entrepreneurs Network (OEN) will be presenting its third annual Entrepreneurial Summit on Friday, June 5 at Castaway in Portland, Oregon.
On June 13th Mayor Charlie Hales will attend nonprofit organization Dream Change’s inaugural Love Summit and will introduce one of its keynote speakers, Dan Wieden of Wieden+Kennedy advertising agency.