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|Articles - Jan/Feb 2012|
|Thursday, January 19, 2012|
By Jon Bell
For years after its founding in 1989, Oregon Aero remained a small company that designed and manufactured helmet cushions and other products.
But when the wars in Afghanistan and Iraq accelerated and the U.S. military wanted its ballistic helmets upgraded with Oregon Aero’s kits, the business took off.
“Initially the military said they would need 5,000 a month,” says Tony Erickson, Oregon Aero’s chief operating officer, “but it grew to 50,000 to 60,000 a month.” Though that pace has since tapered off, the rapid growth — revenue grew from $6.9 million in 2002 to $28.5 million in 2004 — meant that Oregon Aero needed to expand, and fast. As a result, the company grew into several different buildings throughout the early 2000s: two at the Scappoose Industrial Airpark, two in St. Helens and one more in Salem.
Oregon Aero, which employs about 75 people, is now consolidating at least some of its operations in a new 22,000-square-foot building that the Port of St. Helens is building just across the way at the airpark. The company will move its St. Helens operations into the new building this summer and lease it from the port.
Besides increasing employee efficiency, the new building and its larger hangar will allow Oregon Aero to work on bigger aircraft, including large jets and twin-engine planes. It will also give the company more room to work on the markets it has expanded into — heavy-lift helicopters, for one — to make up for the faltering general aviation industry, which plunged nearly 60% during the recession. In addition to its military clients in the U.S., Norway and other countries, Oregon Aero also counts well-known aircraft companies like Cessna and Van’s Aircraft among its customer base.
Oregon Aero’s new facility is also setting the stage for what could be a flurry of new industrial activity near the airpark. Already home to a handful of small aerospace companies, such as Composites Universal Group, Sherpa Aircraft Manufacturing and Sport Copter International, the airpark sits next to 240 acres recently added to the city’s urban growth boundary. If the state approves the expansion, the new land could attract any number of companies looking for a home in the metro region. Portland Community College is already talking about a $2.2 million classroom center on 20 of the acres.
David Stocker, CEO of the Columbia County Economic Team, says it all points to some big possibilities for Scappoose, an old timber and farming town of 6,800 that’s evolved into a bedroom community just 20 miles north of Portland. Not only is the airport in a unique position for expansion, but Scappoose and Columbia County now boast some attractive business incentives as well. Last January, Scappoose expanded an existing enterprise zone, which exempts manufacturers from property taxes for three years, and Columbia County is the only metro area county that qualifies for the Oregon Investment Advantage program, which grants new businesses a multi-year income tax holiday.
“This little town with a funny name is going to be the Portland metro region’s next big economic development opportunity,” Stocker says.
Wednesday, July 15, 2015
Oregon's roads are crumbling, and revenues from state and local gas taxes are not sufficient to pay for improvements. We asked readers if the private sector should help fund transportation maintenance and repairs. Research partner CFM Strategic Communications conducted the poll of 366 readers in February.
Friday, August 14, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
17 airlines make stops at Portland International Airport, but not all are created equal when it comes to customer service.
Wednesday, August 19, 2015
BY GINA BINOLE
Screening for “culture fit” has become an essential part of the hiring process. But do like-minded employees actually build strong companies — or merely breed consensus culture?
Monday, July 13, 2015
BY KIM MOORE
Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.
Monday, July 06, 2015
Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.
Thursday, August 27, 2015
BY LINDA BAKER
How do you put a baby on the cover of a business magazine without it looking too cutesy?
Tuesday, August 18, 2015
BY JASON NORRIS | CFA
Earlier this month, the People’s Bank of China (PBoC) announced they were going to devalue their currency, the Renminbi. While the amount of the targeted change was to be roughly 2 percent, investors read a lot more into the move. The Renminbi had been gradually appreciating against the U.S. dollar (see chart) as to attempt to alleviate concerns of being labeled a currency manipulator.
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Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
Every once in a while we receive a letter in the (fictional) mailbag that is tough to describe and quite compelling. This week, Isabel, the new HR manager at LabCo (and someone who is new to HR), wants to know whether she may fire the owner’s son for having an Oregon medical marijuana card. In passing, Isabel also makes a number of alarming admissions about her motivation. Here is Isabel’s nerve-racking question and our response to it.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.