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|Articles - April 2012|
|Thursday, March 22, 2012|
Page 5 of 5
Five years after the collapse of the housing market, Neil Kelly is slowly getting back on its feet. Although Kelly declined to reveal total gross revenues, the employee count is now up to 160, with much of that increase dedicated to the new Seattle location and the Home Performance division, which in 2012 is expected to bring in $6 million, double 2009 revenues. In Bend, Kelly’s remodeling business is up 23%, 53% in Eugene.
As sales rebound, Kelly aims to grow the company into a regional remodeling firm, with a Seattle showroom debuting this fall. It’s a legacy project he hopes to pass on to his son, Garret, 21, a student at Portland State University who has expressed interest in third-generation ownership. Kelly sees an employee stock ownership plan as another option.
Remodeling is a tough business. It requires going into people’s homes, never knowing what’s behind the walls, and often competing with people who work out of the back of a pickup truck. In a chaotic industry, Kelly has built a business of national stature that not only reflects Kelly family values but also serves as a mirror of Oregon — solid, dependable, but with ambitions for something better. Whether the state retains those values today is a matter of some debate, but Kelly, who laments the state of higher education funding in particular — “in many ways we’re going backwards” — remains unflagging. In December, when The Oregonian published an article criticizing the high cost of the proposed Oregonian Sustainability Center, he fired off a letter to the editor focusing on the bigger picture. “The OSC is not a real estate project,” he wrote. “It is a proposed state of the living laboratory, a university research center and a showcase for Oregon’s ultra-efficient building sector.”
In true Kelly fashion, not all his civic involvement projects are so grandiose or cutting edge. On a recent morning, Kelly and sales vice president Randy Hudson were stooped over the trunk of the former’s Lexus hybrid, picking out meals to deliver to homebound seniors.
“There are so many causes in this world,” says Kelly, who drives the same meals-on-wheels route his father pioneered 40 years ago. “This one is straightforward: nutrition and social interaction for shut-ins.”
The first part of that assessment applies as much to the man as it does Loaves & Fishes. No matter how big or small the cause, Kelly’s estimation of his life and his role in the community is disarmingly direct.
“How do you develop self-worth in this world?” he asks, simply. “Business is just a huge lever for that.”
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
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.
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
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.
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.
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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