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|Articles - October 2012|
|Monday, September 24, 2012|
Page 3 of 4
Albany: Mill-town transition
This past winter, an entirely new kind of business set up shop in Albany: Seattle-based EnerG2, a green nanotech startup that develops engineered carbon material for energy storage. The company benefits from the presence of Albany’s wood-products companies, which supply raw materials used in manufacturing, says plant manager Shaun Mortensen. EnerG2 employs about 25 people and already plans to increase capacity next year.
Albany’s economy is rooted in heavy industry and wood products. But the decline of the timber industry — symbolized by the closure of the International Paper mill in 2009 — has dealt a blow to that identity and the local economy. Over 40% of the jobs lost in Benton County were in wood products. Heavy-metals companies such as Wah Chang have also sustained job losses. Meanwhile, the housing-market collapse undercut Albany’s reputation as a mecca for antiques shoppers. Pre-recession, there were 15 antique stores downtown, says Oscar Hult, executive director of the Downtown Association. “Today there are four.”
Some of Albany’s traditional economic drivers are in decline. But a new generation of businesses is helping offset those losses, building on the city’s core strengths while also diversifying the city’s brand. For example, EnerG2 chose Albany in part because of the city’s reputation as a material-processing center and proximity to Oregon State University in nearby Corvallis. Vice president of manufacturing Phil Souza says the company also collaborates with Oregon Freeze Dry, which is building a new facility focusing on novel freeze-dry pharmaceutical technologies. The plant will employ about 35 people.
New types of businesses are also opening in Albany’s historic downtown, where a decade-old urban-renewal effort has created a mix of charming, renovated historic buildings. Capitalizing on the mid-Willamette Valley craft-brewing craze, Deluxe Brewing Co. and Sinister Distilling will open this fall. Another new establishment is Sweet Red Coffee & Wine Bistro, serving contemporary cuisine such as roasted asparagus with balsamic chili reduction and mushroom fondue. Albany has always been a French fries and bar food kind of town, says owner Cindi Alire. “I want people here to experience something out of their comfort zone.”
Not all downtown real estate is thriving. The WheelHouse, a sleek new waterfront office/restaurant/retail building, was completed in 2010 but, so far, has attracted only one tenant. Law firms, stockbrokers, restaurant owners and other prospective renters are “being cautious and conservative,” says developer David Johnson, who financed the $7 million building by selling a custom-packaging company he founded. Still, he’s optimistic about the future.
Albany is changing; it’s becoming a bedroom community for Corvallis and attracting more people interested in downtown amenities. Besides, says Johnson, pointing to sweeping views of the Willamette, the central core has a precious resource few communities possess. “There are only so many natural waterways,” he says.
Tuesday, April 01, 2014
BY APRIL STREETER | OB CONTRIBUTOR
Three years ago, PPS set out to begin to convert the 1930s-era boilers from diesel/bunker fuel to cleaner-burning natural gas. Oregon’s largest school district has realized impressive carbon dioxide emissions reductions, setting an example for public and private institutions.
Tuesday, February 25, 2014
BY JESSICA RIDGWAY
A self-proclaimed “chile head,” John Ford “grows, eats and does everything spicy.”
Tuesday, February 25, 2014
Health care and vacations rule. That’s the consensus from our reader poll on workplace benefits that help retain and recruit employees.
Tuesday, February 25, 2014
BY JOE ROJAS-BURKE | OB BLOGGER
The medical research enterprise wastes tens of billions of dollars a year on irrelevant studies. It’s time to fix it.
Tuesday, March 04, 2014
BY DEBRA RINGOLD | GUEST CONTRIBUTOR
How can we strengthen the performance of institutions charged with teaching what Francis Fukuyama calls the social virtues (reciprocity, moral obligation, duty toward community, and trust) necessary for successful markets and democracy itself?
Wednesday, April 02, 2014
A new report explores the impact of millennials on Oregon's business and political climate.
Thursday, February 20, 2014
BY VIVIAN MCINERNY | OB BLOGGER
As retailers consolidate and newspapers fold, the business of modeling shifts to ad agencies, apparel companies and new media.
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