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|Archives - September 2009|
|Thursday, August 20, 2009|
Add the facilities in Newport and Corvallis together, and Oregon is home to the third-largest ocean research community in the U.S., with a budget of about $120 million, says George Boehlert, director of OSU’s Hatfield Marine Science Center in Newport. The coastal town of about 10,000 is a rising star in ocean research, behind only the Scripps Institution of Oceanography at the University of California in San Diego and Woods Hole, Mass., a Cape Cod village world-famous for marine research.
Newport’s research community leapt forward last month when the National Oceanic and Atmospheric Administration signed a lease with the Port of Newport for a new facility, paid for by $19.5 million in lottery-backed bonds and $24.8 million in revenue bonds issued by the port. The facility’s economic impact is estimated to be $19 million per year, plus 50 to 100 construction jobs and a smaller number of NOAA jobs. Port manager Don Mann says building up the science sector will create high-paying jobs and diversify the economy in the long run. “We keep saying we want to be the Woods Hole of the West Coast,” he says.
Newport hosts researchers from OSU and at least seven federal agencies, making it more like Woods Hole’s multi-institutional community than San Diego’s university-based Scripps. Woods Hole is a coastal town with a small population that regularly swells with tourists, fishermen, second homeowners and oceanographers — much like Newport.
But Newport can’t exactly replicate the Woods Hole path to pre-eminence. Woods Hole’s science community developed after the U.S. Commission of Fish and Fisheries (now the National Marine Fisheries Service) was established in 1871, and started attracting marine biologists to the area who established more laboratories. The Woods Hole Oceanographic Institution, the largest of the 73 marine science firms in Cape Cod and its biggest employer with about 1,000 employees and a research budget of $129 million, was established in 1930. Woods Hole is also bolstered by its proximity to a host of top-rated universities.
One tangle in building an ocean research hub is that oceanographers can now do their work without the sea by monitoring satellite transmissions and even operating vessels remotely. Quick ocean access was a big factor in NOAA’s decision to move from Seattle to Newport, where the 30-minute cruise to the Pacific is a vast improvement over a lengthy slog through locks and Puget Sound. But a May 2008 report commissioned by the nonprofit Yaquina Bay Economic Foundation concluded that Newport must build high-tech facilities if it wants to draw oceanographers.
Newport’s research sector has grown rapidly in the past 40 years. But Bob Curtis, director of a Woods Hole nonprofit that works to maximize the research community’s economic impact, says it’s likely to be a long road to economic prominence. When asked what advice Woods Hole could offer Newport, he suggested patience.
Friday, July 10, 2015
BY LINDA BAKER
Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened a third Portland store in the Cedar Mill neighborhood this year; a Bend outpost broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.
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.
Tuesday, July 28, 2015
BY JASON NORRIS
Uncertainty in Greece and China, along with potential interest rate hikes mean investors are looking at the market and nervously questioning where they should be invested.
Tuesday, August 18, 2015
BY JASON NORRIS | CFA
Earlier this month, the People’s Bank of China (PBoC) announced they were going to devalue their currency, the Renminbi. While the amount of the targeted change was to be roughly 2 percent, investors read a lot more into the move. The Renminbi had been gradually appreciating against the U.S. dollar (see chart) as to attempt to alleviate concerns of being labeled a currency manipulator.
Monday, July 13, 2015
BY JACOB PALMER
Dean of the Atkinson Graduate School of Management, Willamette University
Monday, July 13, 2015
BY CHRIS NOBLE
Whether you're stepping out to work or onto the track, Pacific Northwest shoe companies have you covered.
Thursday, August 13, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Portland-based startup ImpactFlow recently announced a $5.7 million funding round. CEO and co-founder Tyler Foreman talks about matching businesses with nonprofits, his time at Intel and the changing face of philanthropy.
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Yesterday, a divided National Labor Relations Board dropped another hammer on the employer community. In a long-awaited and much debated move, the Board jettisoned the decades old standard for determining when two independent businesses should be considered joint employers of an individual worker for collective bargaining purposes.
Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
The Oregon Entrepreneurs Network (OEN) is pleased to announce 16 finalists — from over 60 nominees — for the 2015 OEN Tom Holce Entrepreneurship Awards.
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.