|| Print ||
|Articles - June 2010|
|Thursday, May 27, 2010|
GRESHAM Like most cities around the state, Gresham has been hard hit by the commercial real estate crash. Its downtown core is dotted with vacant storefronts, left behind by businesses that failed or moved out of town. But unlike most cities, Gresham decided one way to bring business back to its downtown was to waive all development-related fees as well as first-year license fees.
“Businesses are having a hard time getting over the hurdle of not being able to borrow,” says local businessman Dwight Unti.
Unti is president of Tokola Properties, the developer of 3rd Central, a mixed-use property at NW Third Street and Miller Avenue. Unti also is co-owner of Lillian’s Natural Marketplace, the first business to take advantage of the fee holiday. The market will open in July in 3rd Central’s ground-floor retail space. Unti estimates the fee waivers saved him $20,000.
“Relief on the front end really matters,” says Unti. “In this economy it has been a demoralizing barrier when you add it to the lack of lending.” When the city reduced the front-end costs, “it was exactly what was needed to make the difference.”
Two other businesses — Bella Cupcake and non-commercial radio station KZME — also have taken advantage of the program and will open at 3rd Central this summer. City officials say an insurance company and an ice cream shop also are interested in the program, which runs through March 31, 2011. Community development director Eric Schmidt estimates about 30-40 businesses could benefit from the program, saving about $150,000 collectively in fees.
The city has long wanted a locally owned grocery downtown so residents don’t have to travel out of town to shop. Market operator and co-owner Lillian Negron says about 12 to 15 full- and part-time jobs will be created at the market. She sees fee relief as crucial to getting small businesses off the ground: “It’s an opportunity to bring your business back to Gresham.”
|The more they change, the more they stay the same|
|The 2014 List: The Top 33 Large Companies to Work, For in Oregon|
|The 2014 List: The Top 34 Medium Companies to Work, For in Oregon|
|The 2014 List: The Top 33 Small Companies to Work, For in Oregon|
|The future of money|
|Cerberus Capital to buy Safeway|
|U.S. adds 175,000 jobs|
|Bitcoin creator revealed|
|Staples closing 225 stores|
|EU to offer aid package to Ukraine|
|Daily sugar intake 'should be halved'|
|White House reveals 2015 budget|
Living in the beautiful Pacific Northwest means enjoying our wonderful surroundings, while remaining aware of the multiple types of natural disaster threats that we face: winter storms, windstorms, floods, landslides, earthquakes, volcanoes and tsunamis.“
Oregon State University's hospitality degree program invests in next-generation leaders.
Allowing individuals to access their own healthcare options has created more difficulty instead of making things easier. There are so many examples that illustrate why agents are more important than ever in helping businesses and individuals determine the healthcare coverage that best fits their need.
The 2014 World Trademark Review 1000 (“WTR”) recently named Lane Powell as one of the top trademark law firms in Oregon and Washington, and Lane Powell attorneys Kenneth R. Davis II, Parna A. Mehrbani, Frances M. Jagla and Paul D. Swanson as top individuals in the practice.
Capital Pacific Bank, a Portland-based community bank serving businesses, professionals and nonprofit organizations, today announced that it has earned recognition as a Certified B Corporation by B Lab, a nonprofit organization dedicated to building a community of socially responsible businesses. The bank is one of six financial institutions across the country to achieve B Corp status.
On Thursday, April 3, from 8 a.m. to noon (registration begins at 7:30 a.m.), Lane Powell will team with Oregon Business magazine for a half-day seminar titled “Best Practices For Best Employers™: How to Become One of ‘Oregon’s Best Workplaces’ Starting Today!”