|| Print ||
|Articles - April 2011|
|Tuesday, March 22, 2011|
Page 2 of 8In spite of its West Coast location, its ample resources, its strong history of partnering with Japanese businesses and its sizable exports to China, Oregon has been slow to attract Chinese investment. But recent deals hint at a monumental shift:
Williams says the EB-5 projects her group is planning would create “well over 1,000 jobs” in remote forests and struggling urban centers throughout Oregon by financing urban development projects and woody biomass operations.
Chen’s projections are even more ambitious. His EB-5 plan calls for creating 2,000-3,000 jobs in Oregon over the next three years and 7,000 over the next five to seven years by investing in a wide variety of new and existing businesses that need fresh capital to expand.
The EB-5 program was created in 1990. It enables foreign investors who put $1 million into projects that create at least 10 jobs to receive green cards, provided the jobs remain after a two-year trial period. The program becomes doubly attractive for investors if an applicant can convince the federal government to approve an EB-5 regional center. The purpose of these regional centers is to funnel foreign investments into troubled areas with high levels of unemployment. Business Oregon is in charge of identifying those troubled areas around the state, while the regional center’s team is in charge of finding the money and investing in qualifying projects. For EB-5 projects in high-unemployment areas, the investment only needs to be $500,000 instead of a million, and indirect jobs as well as direct jobs can be counted toward the 10 jobs required per green card.
Currently there are 120 EB-5 regional centers in 35 states but none in Oregon. More than half of the centers — 63 — were approved in 2010. By far the biggest users of the program are investors from China seeking green cards. The program allows up to 10,000 green cards per year, a potential infusion of $5 billion to $10 billion in new capital to create jobs with no cost to taxpayers.
In June 2010 the Portland Development Commission put out a “request for expressions of interest” in establishing EB-5 regional centers in Oregon. PDC central city manager Peter Englander says EB-5 money could jump-start major projects that have stalled as traditional financing options have dried up, such as the Burnside Bridgehead, the Centennial Mills waterfront redevelopment and the Oregon Sustainability Center.
“The thing I like about this program is that you have to show the jobs,” says Englander.
Friday, July 17, 2015
Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner. The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.
Wednesday, July 15, 2015
Oregon's roads are crumbling, and revenues from state and local gas taxes are not sufficient to pay for improvements. We asked readers if the private sector should help fund transportation maintenance and repairs. Research partner CFM Strategic Communications conducted the poll of 366 readers in February.
"I feel private enterprises are capable of operating at a higher efficiency than state government."
"This has been used in Oregon since the mid-1800s. It is not a new financing method. This form of financing may help Oregon close its infrastructure deficit by leveraging funds."
Thursday, July 30, 2015
17 airlines make stops at Portland International Airport, but not all are created equal when it comes to customer service.
Friday, July 10, 2015
BY AMY MILSHTEIN
When gossip crosses the line.
Thursday, June 18, 2015
Fireworks are a booming industry, even if the pyrotechnics have turned July 4th into a day fire marshals, and many residents, love to hate.
Thursday, July 09, 2015
The sweltering weather didn't keep the crowds away. Although the numbers were down slightly from last year, the Oregon Food Bank raised $850,636 to fight hunger. About 80,000 people attended despite temperatures in the upper 90s.
Monday, July 13, 2015
BY CAMILLE GRIGSBY-ROCCA
Can the brave new world of neurotechnology help an OHSU surgeon find a cure for obesity?
|10 Innovators in Rural Health|
|The Private 150: From Strength to Strength|
|Flattery with Numbers|
|Preserving the Legacy|
|Downtime with Debra Ringold|
|Farm in a Box|
|Boeing chairman threatens to relocate|
|Economy's growth disappoints analysts|
|Portland fireworks hotline overloaded by call volume|
|Rolling Stone magazine sued by UVA frat brothers|
|'Kayaktivists' hang from St. Johns Bridge to protest Shell Oil ship|
|Legal pot sales to start Oct. 1 in Oregon|
|Best Buy will sell Apple Watch, is hoping it boosts sales|
One of the many reasons why businesses fail is due to the lack of attention to analytics. Sure, you can go on running your business, but mastering the science of analytics will translate into a business advantage. But what exactly are analytics and why are they so important?
Court experience helps legal firm anticipate potential problems for clients and prevent expensive litigation.
When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
Professional and Continuing Education (PACE) and the College of Business at Oregon State University is offering “Business Analytics for Competitive Advantage”, a two-day intensive workshop.
34 spots for food, 17 places to sip, and 7 sites to choose a brew beckon visitors.
A look back at the shifting sands of Portland’s growth and development.