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|Articles - April 2011|
|Tuesday, March 22, 2011|
Page 3 of 8
However, if the developer fails to prove that the foreign investor has created 10 jobs, the government will not grant the investor a green card. The jobs must be deemed sustainable after a two-year conditional period.
“You need to deliver,” says Chen. “You need to give the proof of the jobs.”
Chen earned his PhD from Oregon State University in 1996. He started an environmental consulting firm but found it difficult to bring in work because of language and cultural barriers. So he used his computer skills and work ethic to find information technology positions during the dot-com boom years. Even as that bubble burst, China continued its rise. Chen began to hear from family friends who were interested in moving money into the West once the timing seemed right. The investment group grew, and when the time came Chen and his backers pounced aggressively on dramatically undervalued assets. They bought the KOIN Center for about $50 million less than the $106 million the California Public Employees’ Retirement System paid for the building in 2007 after CalPERS defaulted on a $70 million loan.
Their EB-5 strategy will have to be more methodical, tied as it is to government approvals. They plan to start small with a pilot project out of the Oregon Pacific building in downtown Portland. Formerly the home of the Greek Cusina restaurant shut down by the city for fire code violations, the building would be renovated into a mixed-use development financed by 15 foreign investors hoping to gain green cards.
“The Oregon Pacific project is very small,” says Chen. “We want to make sure we are taking a conservative, safe path in all our projects. We took about six months to prepare our application, just to do a lot of research. Because once it starts it won’t stop. This will be the first but it will be followed by others.”
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.
Friday, July 10, 2015
BY DAN COOK
The Affordable Care Act has triggered a rush on health care plan redesign, a process fraught with hidden costs and consequences.
Wednesday, August 19, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
One of the hottest new investment trends has proven quite lucrative for some companies.
Wednesday, August 26, 2015
BY KIM MOORE AND LINDA BAKER
Child care in Oregon is expensive and hard to find. We delved into the numbers and talked to a few executives and managers about day care costs, accessibility and work-life balance.
Thursday, August 20, 2015
Which of the following would be most effective in reducing the cost of operating a public university in Oregon?
Wednesday, August 19, 2015
BY BRIAN LIBBY
Ben Kaiser holds his ground.
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.
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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.
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.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.