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|Articles - September 2012|
|Monday, August 27, 2012|
Page 4 of 5
Small creatives making it
Remember the Portlandia episode involving the bike messenger with grotesquely long earlobes about to be ripped asunder in the final scene? Those ears were the handiwork of Christina Kortum, a Portland special-effects makeup artist specializing in custom prosthetics. Among other items, Kortum has delivered a head for Leverage, wooden stakes and edible coins for Grimm, and a bone for the 2011 shot-in-Portland movie Gone. “She was supposed to use it to stab the bad guy,” says Kortum.
A veteran of the haunted-house industry, Kortum credits the Oregon Production Investment Fund for boosting her career in film and television. Since 2005 the state has given cash rebates, capped at $6 million per year, to media production companies, which in turn create jobs and send business to local vendors. Kortum’s income, for example, has doubled each year because of the business generated by Portland’s Hollywood renaissance. “I went from doing a gig here and there to pretty much doing constant gigs that can support my family.”
A Leverage snapshot reveals the film fund’s larger quid pro quo. In the past four years, Leverage Productions has received $17 million from the incentive program. In return, the company has created about 2,800 production jobs, hired 7,000 extras and injected $100 million directly into the local economy. The long list of beneficiaries include 52nd Ave. Hardware, a Southeast Portland lumber and hardware shop that was ready to downsize after the economy crashed in 2008. After becoming the primary hardware vendor for Leverage and Grimm, the owners hired two additional employees — a 33% staff increase, says manager Dave Besaw. “For a small family busi-ness like us, the film industry is significant.”
Oregon’s film incentive has its critics, who argue the program unfairly benefits the wealthy. And despite the ripple effects, even the most ardent boosters concede incentives alone aren’t enough to sustain a local film economy. Portland has gone from being a low-budget town to a place where “big things happen,” says Kortum.
But what Hollywood gives, she acknowledges, it can taketh away. “The film industry — it’s like the locust. They come in, set up and everyone is rolling in money. Then they leave and it’s like:
Tuesday, July 14, 2015
The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.
Wednesday, July 01, 2015
There are more than 10 million former military members working in the United States.
Friday, July 10, 2015
BY JACOB PALMER
Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.
Wednesday, August 19, 2015
BY LINDA BAKER
In 2010 Vanessa Keitges and several investors purchased Portland-based Columbia Green Technologies, a green-roof company. The 13-person firm has a 200% annual growth rate, exports 30% of its product to Canada and received its first infusion of venture capital in 2014 from Yaletown Venture Partners. CEO Keitges, 40, a Southern Oregon native who serves on President Obama’s Export Council, talks about market innovation, scaling small business and why Oregon is falling behind in green-roof construction.
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.
Tuesday, July 28, 2015
BY JASON NORRIS
Uncertainty in Greece and China, along with potential interest rate hikes mean investors are looking at the market and nervously questioning where they should be invested.
Thursday, August 20, 2015
BY DAN COOK
The state’s angel investing fund gets hammered in Salem.
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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.