|| Print ||
|Articles - March 2013|
|Monday, February 25, 2013|
BY TIM MCCABE
As we kick off a new year, as well as the 2013 legislative session, I am pleased to debut this regular column to highlight specific tools and services available to help Oregon businesses grow and prosper.
As director of Business Oregon, the state’s economic development agency, I oversee a wide range of tools available to help businesses grow in Oregon. Export assistance, direct loan programs, loan guarantees with private lenders, cutting-edge research and development resources through the Oregon Innovation Council (Oregon InC), project development — these are all areas where we can assist. We also serve as a gateway to match businesses with other tools from both public and private sources.
Oregon’s gross domestic product grew faster than all but one state in the nation last year. We boast one of the top metropolitan areas for exports in the U.S. in the Portland Metro region. Our emphasis on sustainability and clean energy has opened eyes around the world.
But we know that here on the ground most Oregon businesses require more tangible assistance, such as help increasing the efficiency of manufacturing operations, access to critical short-term and long-term capital from local banks, and help entering new foreign markets to grow revenues from sales overseas. To that end, Business Oregon has business development experts, business finance officers and global trade specialists stationed across the state, as well as overseas , to help any Oregon business we can.
When it comes to increasing access to capital, we leverage our limited resources to provide both direct loans and loan guarantees to expanding Oregon businesses. We were able to bolster our finance programs with $16.5 million in federal funds through the SSBCI (State Small Business Credit Initiative) program last year. We have already issued $4 million of those funds to small businesses across the state to help fund expansion opportunities.
The Oregon Innovation Plan and Oregon InC allow us to extend critical research and development resources to young Oregon companies such as Puralytics, Indow Windows and Perpetua Power, and to help them commercialize their innovative new products. Since 2007, the state’s $58 million investment in Oregon InC has leveraged an additional $350 million in federal and private grants. Around 295 companies use the 11 shared labs and researchers available at Oregon InC signature research centers ,and 30 new companies have been created to date that have garnered more than $115 million in venture capital.
The value of Oregon exports has grown 23% since 2009. We can help Oregon companies that haven’t yet tried selling to foreign markets to get into those markets and bring new revenue back home. Oregon businesses can access expertise in key industries and specific foreign markets, including our representatives overseas in China, Japan, Korea and Europe.
We can pair that expertise with small grants to help offset the costs of exhibiting at overseas trade shows. This funding has also been recently expanded through federal funds with the U.S. SBA’s STEP program, and we are now able to help even more companies—about 100 last year alone.
Overall, we partnered with over 400 Oregon businesses last year to work with them in these areas. These are fast-growing Oregon companies that are expanding and creating jobs for Oregonians. In the coming months, you’ll hear us talking about these programs before state legislators and in these pages as we seek to carry out Gov. John Kitzhaber’s vision of increased economic opportunity for all Oregonians.
Tim McCabe is the director of Business Oregon. Visit Oregon4biz.com for more information.
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.
Wednesday, August 27, 2014
BY JENNIFER MARGULIS
As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Tuesday, August 26, 2014
BY DEBRA RINGOLD | OP-ED CONTRIBUTOR
Why has six years become an acceptable investment in public undergraduate education that over-promises and underperforms?
Tuesday, August 26, 2014
BY COURTNEY SHERWOOD
Janice Levenhagen-Seeley reprograms tech.
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.
Monday, August 25, 2014
BY JASON NORRIS | OB GUEST BLOGGER
Ferguson Wellman’s investment views on the economy and capital markets.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Powerlist: Staffing Firms|
|Taxis Uber Alles?|
|Halliburton to pay $1.1B to settle lawsuits|
|U.S. eating habits improve, except among poor|
|Google tests drone deliveries|
|Abercrombie to remove logos from most clothing|
|FBI investigates JPMorgan 'cyber-attack'|
|GoPro launches camera dog harnesses|
|Snapchat now worth $10B|
First Call Resolution targets employee well-being and client satisfaction.
How six leading foundations are working together for a better Oregon.
Vigilant enters a New Year with a new president.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.