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|Articles - August 2010|
|Wednesday, July 21, 2010|
Page 4 of 4
Twenty-five years after founding Clear Creek Distillery, which produces grappas and eaux de vie from Oregon fruits and herbs on Portland’s west side, McCarthy says his business only became profitable during the last few years, with the past year making a record $1.25 million in net sales.
Because most of Oregon’s distillers aren’t making spirits from scratch, like he does, McCarthy says they’re left to compete with big national brands with huge marketing budgets.
And even the most well-made products backed by a genuine story can be a tough sell, he says. “You have to hammer your way into the marketplace,” McCarthy says. “After 25 years, most of the sales trips I make are extremely productive, but that wasn’t always the case.”
Despite the long road to profitability, some long to follow in McCarthy’s footsteps. “I look at Clear Creek Distillery as the gold standard,” say Portland distiller Sebastian Degens, “but I don’t see them as competition. The market is large and growing and there is an interest in diversity of products.” Degens and his wife, Erika, have become the latest addition to Distillery Row with a new business called Stone Barn Brandyworks. So far the distillery has produced an oak-aged apple brandy, a pear brandy, a pinot noir grappa and brandy-based coffee liqueur.
The couple continues to work day jobs, a conservative approach that will help them continue to pay for a house and college educations for their two kids, as they focus on starting up a small business.
“I’d like to get to a point where our grappa is as distinctive as the pinot noir that it came from, and I don’t think that’s national conglomerate takeover material,” he says. “We’re just happy serving a niche of people who are like-minded and are interested in trying out distinctive distillates.”
Just a few months into business, it’s an easy and admirable aim. But considering the paths taken by other local distillers, Degens may yet learn that cranking out craft liquors comes weighted with complications.
STORY BY LUCY BURNINGHAM
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
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Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
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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.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
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BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
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