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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.
Wednesday, July 15, 2015
We asked readers how Obamacare has impacted their business.
Monday, July 13, 2015
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Can the brave new world of neurotechnology help an OHSU surgeon find a cure for obesity?
Thursday, July 30, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
Greenpeace activists suspended themselves from the St. John's Bridge in an attempt to prevent a ship from heading to the Arctic.
Thursday, August 06, 2015
Car and ride sharing services have taken urban areas by storm. Low-income and suburban communities are left at the curb.
Friday, July 17, 2015
Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner. The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.
Wednesday, August 19, 2015
BY LINDA WESTON
In 1996, after a 17-year career in the destination marketing industry, where I gained national standing as the CEO of the Convention & Visitors Association of Lane County, I was recruited by the founders of a new professional basketball league for women. The American Basketball League (ABL) hoped to leverage the success of the 1996 USA women’s national team at the Atlanta Olympics — much like USA Soccer is now leveraging the U.S. Women’s National Team’s victory in the World Cup. The ABL wanted a team in Portland, and they wanted me to be its general manager.
Wednesday, August 26, 2015
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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.