|| Print ||
|Articles - October 2013|
|Monday, September 30, 2013|
Page 1 of 4
STORY BY CHRISTINA COOKE
Steel bolts produced at the Portland Bolt & Manufacturing Co. shore up numerous landmarks in the Rose City — the Convention Center, the U.S. Bank Tower and the canopy at the Timbers’ soccer stadium included. In fact, bolts produced at the company’s Northwest Portland factory do serious work all over the world, anchoring everything from roller coasters at Disneyland to a power plant in Egypt and a copper mine in Peru.
Although Portland Bolt has been in business for 101 years — and turned out a whopping 5.75 million pounds of bolts for projects in 50 states and 31 countries last year — it’s not a company most people have heard of.
“We’re an under-the-radar type of business,” says president and CEO Jonathan Todd, who has been in charge since 2005. “Most of the time people don’t think about our product, because it’s underground or in the concrete or covered up by wood.”
In a state known mostly for its large high-tech and apparel manufacturers, the smaller, grittier manufacturers often get overlooked. After all, it’s far sexier to talk about the company developing mobile technologies or sponsoring Olympic athletes than the one manufacturing PVC pipe for under your sink.
Yet the manufacturers working in metal, wood, plastic and other basic materials drive a significant portion of the Oregon economy. In addition to providing thousands of people with stable employment, they produce essential components for larger industries. Behind the scenes, they make the scuff boards, the brake pins, the conveyer belts, the power-line transmission anchors — and the countless other nonglamorous pieces — that keep the construction, transportation, food-processing and power-production fields running smoothly.
“Small manufacturers are a fundamental part of the economic makeup of the state,” says Jay Clemens, president and CEO of Associated Oregon Industries, a private nonprofit that advocates for Oregon businesses. “They’re all part of a highly integrated industrial base, and collectively, they have a huge impact on Oregon.”
Though manufacturing has declined significantly across the country over the past few decades, the Portland metro area has managed to maintain a surprisingly strong manufacturing base. As of 2012, manufacturing workers comprised 11% of the metro area’s workforce, compared with 8.5% in other major metro areas, according to a study compiled by ECONorthwest for the Value of Jobs Coalition. Of the 100 largest metro areas in the country, in fact, Portland’s manufacturing sector ranks 17th in size.
In addition, according to the Oregon Employment Department, a vast majority of the state’s manufacturing firms — 87% — are small, employing fewer than 50 people.
Chris Scherer, president of the Oregon Manufacturing Extension Partnership (OMEP), a nonprofit that works with businesses to improve their ability to compete in the global economy, says small manufacturers in core industries make up the bulk of his clientele.
“The overall intelligence level of the companies that survived the recession is way higher than it was,” he says. “Folks are looking over the horizon and are far more interested in things that will result in growth: new business ideas, expanding products and taking advantage of the new technologies available.”
We need to recognize the small firms, Clemens says, because their well-being affects the state’s ability to sell outside its borders and generate wealth. “The more their role in the economy is recognized,” he says, “the smarter we all get in public life about how we legislate and how we make an environment that allows Oregon’s small manufacturing base to be competitive in the larger economy.”
With this in mind, we ventured into oft-overlooked industrial districts across the state to talk with the people producing the nuts and bolts we rely on but rarely see. In addition to understanding the role these manufacturers play in the Oregon economy, we wanted to know what global and local forces these small business are up against and how they’re adapting in response.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
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.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Powerlist: Staffing Firms|
|Taxis Uber Alles?|
|Snapchat now worth $10B|
|Tomatoes may lower prostate cancer risk|
|WHO: Ban e-cigarette use indoors|
|Burger King to acquire Tim Hortons for $11.5B|
|Burger King in talks to buy Tim Hortons|
|Damage from Northern California quake could reach $1B|
|Yellen says job market hampered|
Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
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.