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|Articles - April 2013|
|Monday, April 01, 2013|
Page 2 of 4
For a glimpse of what East Portland might look like in the future — and to understand why public officials and community organizers are rethinking traditional redevelopment strategies there — start with the fact that outer eastside neighborhoods are disproportionately poor and ethnically diverse. According to the 2010 census, 7,700 African Americans have moved out of inner North and Northeast Portland in the past decade, many moving to East Portland. Thirty percent of area residents are nonwhite, up from about 10% in 1990. About 80% of the kids enrolled in the area’s David Douglas School District qualify for free and reduced lunch, nearly double the percentage in Portland Public Schools.
These demographic trends are driving changes at the Portland Development Commission, says Patrick Quinton, the agency’s executive director. Historically, PDC has invested urban renewal funds in large-scale downtown projects such as the Pearl District or South Waterfront. In 2011, however, the agency shifted gears, creating six micro-urban renewal areas in lower-income eastside commercial districts known as “Neighborhood Prosperity Initiatives.” The goal, Quinton says, is “to grow businesses in East Portland and improve the economic fortunes of communities of color.” Accompanying the agency’s geographic shift is a philosophical change, says Quinton. “We’re focusing on people and businesses, not buildings and places.”
As the (modestly funded) prosperity-initiative districts take shape, local nonprofits are also doing their part to boost low-income and minority business ownership in the outer east side. A case in point is the Latino Mercado, a $1.6 million year-round farmers market-style venue that will open in 2014 in a renovated car dealership on Southeast 72nd and Foster near the Lents Urban Renewal Area.
A partnership between PDC and the Hacienda Community Development Corporation, the market will be staffed by graduates of Hacienda’s food-incubator program, which teaches eligible residents how to operate food businesses. According to Nathan Teske, Hacienda director of community development, the Mercado will allow low-income Hacienda residents to start up businesses relatively cheaply while helping to revitalize the languishing Foster commercial corridor. The current plan calls for each vendor to sell over $200,000 by the fifth year of operation.
Another capacity-building project, this one in the Lents Urban Renewal Area, borders on groundbreaking: a community real estate investment trust (REIT) that would allow low-income residents to invest in real estate. An initiative of Mercy Corps and Rose Community Development, the REIT is an innovative twist on a wealth-building tool typically reserved for the affluent. The goal is to recruit about 300 low-income renters in the Lents neighborhood, who would then invest about $100 a month to purchase a commercial building, then lease storefronts to rent-paying businesses.
“We think it’s pretty exciting both as an asset-building and antipoverty approach and a way to bring commercial investments into neighborhoods like Lents,” says Sauvie. As the REIT grows, investors could purchase additional properties. Organizers are creating a curriculum for potential investors, and the program is expected to get off the ground sometime this year.
Friday, April 24, 2015
BY BEN DEJARNETTE | INVESTIGATEWEST
Timber companies and environmental groups take a stab at collaboration to boost logging and restoration in Oregon fires.
Thursday, April 23, 2015
BY LINDA BAKER
On April 1 I attended a forum at the University of Portland on the sharing economy. The event featured panelists from Lyft and Airbnb, as well as Portland Mayor Charlie Hales. Asked about the impact of tech-driven sharing economy services. Hales said the new business models are reshaping the landscape. “But,” he added, “I don’t pretend to understand how a lot of this [technology] works.”
Monday, April 27, 2015
BY AMY MILSHTEIN
Companies can benefit when they use software to meet staffing requirements and address employees' family and life commitments.
Wednesday, May 27, 2015
PHOTOS BY JASON E. KAPLAN
Like all good journalists, OB editorial staff typically eschew freebies. But health care costs being what they are, digital news editor Jacob Palmer couldn't resist ZoomCare's offer of a three-in-one (cleaning, exam, whitening) dental office visit, guaranteed to take no more than 57 minutes.
Thursday, April 23, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
The entrepreneurial spirit was alive and well at the Oregon Angel showcase, an annual event for angel investors and early stage entrepreneurs.
Friday, May 22, 2015
BY LINDA BAKER | EDITOR
Roy Kaufmann always lands on his feet.
Monday, April 27, 2015
BY LINDA BAKER
A longtime technologist and entrepreneur, Dwayne Johnson, 53, is managing partner of PDXO/GlobeThree Ventures, a strategy and business consultancy in Portland.
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Tonkon Torp helps seed sustainability at Gunderson.
Oregon-based Environments helps companies create inspired workspaces. “Simply put, we help companies future-proof their workspaces,” says Chris Corrado, president. Since 1988,Environments has witnessed firsthand the changing landscape of business. Native Portlander and Environments founder Corrado says, “We help our clients navigate the complex realities of the workplace today and plan for their future in a very mindful, strategic way. We think of ourselves as their partners in the process.”
One hundred years ago, the Willamette River might easily have been mistaken for a sewer. Unchecked industrial activity and decades of pollution made it unrecognizable compared to the clean river that now flows north for 187 miles from Eugene through the center of Portland.
The Oregon Entrepreneurs Network (OEN) will be presenting its third annual Entrepreneurial Summit on Friday, June 5 at Castaway in Portland, Oregon.
On June 13th Mayor Charlie Hales will attend nonprofit organization Dream Change’s inaugural Love Summit and will introduce one of its keynote speakers, Dan Wieden of Wieden+Kennedy advertising agency.
34 spots for food, 17 places to sip, and 7 sites to choose a brew beckon visitors.