|| Print ||
|Articles - July/August 2012|
|Monday, July 09, 2012|
Page 4 of 5
To illustrate the point, Green recounts a story about the national Congressional Black Caucus, a group he claims hews to the old ways of thinking, and the Obama Administration, which “speaks the language of commercialization, tech transfer and investment in R&D.” Last summer, says Green, the CBC held job fairs in five cities to show there were thousands of people out of work. Around the same time, another movement was taking place geared toward the tech-based crowdfunding and JOBS Act. “One movement flies through both houses of Congress and is signed by the president,” he says. “The other disappears off the communications cliff.”
With limited or no access to business loans and investment capital, African-Americans historically relied on the government for employment. Today, says Green, many in the black community are still wedded to that public-sector model to the detriment of new business development. He isn’t the only one espousing that gospel. “Why is the power structure and leadership of the Portland black community aligned around nonprofits and nonbusiness entities?” asks Posey. He cited a recent Urban League report showing Oregon’s black community is in many ways worse off today than 30 years ago. “If we don’t do better in how we engage the future,” he says, “we won’t have a future.”
Dwayne Johnson, CEO of a digital marketing company and chair of the Oregon Small Business Advisory Council, is another Portland leader eager to see the roundtable take shape, holding daily phone conversations with Green to help make that happen. “I’m getting complaints I have a house husband,” he says ruefully. A former angel investor — he can count the number of black angel investors he knows on one hand — Johnson touts the education pipeline as the critical link necessary to fuel technology and innovation-oriented high-growth entrepreneurship. But if the concept is compelling, the path to implementation is unclear. A key question for the roundtable, says Johnson, is how to get African-Americans and other marginalized communities onboard with STEM education.
A dearth of African-Americans with high-powered science and engineering credentials may explain why OVP Venture Partners, a Seattle- and Portland-based investment group, has yet to back any African-American-owned companies, says managing partner Gerry Langeler. But he also says that 15 years ago, OVP rarely backed companies founded by women, Chinese or Indian entrepreneurs. Today 15% to 20% of OVP’s portfolio companies are run by those demographic groups.
“Changes are taking place,” says Langeler, acknowledging African-Americans may face unique cultural impediments. “They are one of the last groups to move.”
Langeler’s insights lead to the question: What role will Portland’s white tech leaders play in helping speed up that movement? And what role will they play in the roundtable? One of the unique features of the America21 project is that it is a black-led endeavor and not, for example, one of PDC’s in-house economic development initiatives. At the same time, the participation of established white-owned companies and venture investors is crucial for a program designed to connect black tech entrepreneurs not just with each other but with mentors and capital.
The reasons Green has yet to recruit the institutional power players turn out to be both mundane and telling. The roundtable may be a grand-sounding, game-changing project, but like so many startups, it suffers from a decidedly down-to-earth problem: no money.
So far Green has landed $35,000 in in-kind PDC support providing general staff assistance, group facilitation and help developing an “asset map” identifying resources in the community. Other than that, he is bootstrapping the entire labor-intensive enterprise, relying on friends, family and his church, the Church of Nazarene in Medford, for financial support. Once Green and other community members identify seed funding for the project, the team will have more time and leverage to engage the Portland Angel Network and the Portland Incubator Experiment (PIE). “All these people we know want to be there,” Green says.
They do want to be there. “Anything I can do to accelerate it would be great,” says Rick Turoczy, PIE’s general manager. He says the roundtable initiative bears some relation, at least in theory, to a partnership PIE recently entered into with an accelerator in Nairobi, Kenya. “There’s a tendency for Portland to be very homogenous. If we want to build products that are globally accessible, we need to look beyond our town.”
Wednesday, February 25, 2015
BY LINDA BAKER | OB EDITOR
The big news at Oregon Business is we’re getting a ping pong table. After reading the descriptions of the 2015 100 Best Companies to Work For in Oregon, a disproportionate number of which feature table tennis in the office, I decided it was time to bring our own workplace into the 21st century. It was a tough call, but it’s lonely at the top, and someone has to make the hard decisions.
Thursday, February 12, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Examining the governor's rapid fall from grace in a "bizarre" and "unprecedented" saga.
Tuesday, March 10, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Baseball is returning to Portland and city officials are hoping economic opportunity comes with it.
Friday, February 20, 2015
BY COURTNEY SHERWOOD | OB CONTRIBUTOR
Marijuana is big business in Oregon, and it’s about to get bigger.
Friday, March 06, 2015
BY JEFF DELKIN | OP-ED CONTRIBUTOR
As a local business owner, I believe it’s important to build our economy on a platform of conservation values.
Thursday, February 26, 2015
BY KIM MOORE | OB RESEARCH EDITOR
Employment in Oregon is almost back up to prerecession levels — and employers are having to work harder to entice talented staff to join their ranks. This year’s 100 Best Companies to Work For in Oregon project showcases the kind of quality workplaces that foster happy employees.
Friday, March 27, 2015
BY JOE CORTRIGHT
The CRC is a cautionary tale about how we plan for, finance and invest in transportation infrastructure.
|Get on the bus!|
|Bike Chic: 7 stylish options for cyclists|
|Beam Me Up|
|Emperor of the Sea|
|Epitaph for a Boondoggle|
|Volvo plans $500M car factory in US|
|Oil crash starting to hurt in Texas|
|Swiss bankers guilty of tax fraud avoid jail|
|US grants Texan rhino hunter permit to bring back trophy|
|Norwegian Air tweaks cockpit rules after Germanwings crash|
|Federal Consumer Agency addresses payday loans|
|Slave-caught seafood sold in America|
A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
Like the advent of the locomotive, the cloud creates business opportunities that simply weren’t possible before now. Get up to speed fast in May at an exciting cloud-empowered Portland event.
Registration is now open for Portland Business Alliance’s Annual Meeting, one of the largest business gatherings in Portland each year.
The Commission helps to advance the professionalism, equality and efficiency of Oregon's judicial branch of government.