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|Articles - March 2014|
|Tuesday, February 25, 2014|
Page 1 of 2
BY SOPHIA BENNETT
The coastal town of Coos Bay appears poised to land every economic development director’s dream: a single employer that will bring hundreds of family-wage jobs and millions in tax revenue.
The Jordan Cove Energy Project, a joint effort between Canadian energy group Veresen and Oklahoma-based infrastructure company Williams, is considering building a liquefied natural gas (LNG) plant on the north spit of Coos Bay. The facility would accept natural gas from a new pipeline originating in Klamath County, liquefy it and ship it to markets in Asia.
Michael Hinrichs, director of public affairs for the project, says the effort represents a $7.7 billion investment, which would make it the largest single private investment in the state’s history. “That’s even more significant when you consider it’s in southern Oregon, an area that really needs development.”
Building the LNG facility and accompanying power plant will bring 2,100 construction jobs to the region, Hinrichs reports. Pipeline construction will bring an additional 1,400. Once the plants are up and running, they’re expected to employ up to 200 people and create 700 indirect jobs.
How many of those workers will be locals is still a matter of debate. Jordan Cove aims to hire construction workers from Southern Oregon, Hinrichs says. However, many of the positions at the LNG plant and the pipeline are highly specialized and require skills residents are unlikely to possess.
Rodger Craddock, Coos Bay’s city manager, still considers the glass half full. “We’re looking at all the spin-off businesses that will develop to service those new workers,” he says. He points to a new hardware store, an auto-parts store and a microbrewery that recently opened in the area. Properties that have been off the market for a long time are coming back because people realize changes may be coming.
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, 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, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Thursday, May 29, 2014
BY SOPHIA BENNETT
Tillamook expands its tourism niche.
Thursday, June 26, 2014
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
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.
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