|Jobs Watch: There's good news, and there's bad news||| Print ||
|Wednesday, August 12, 2009|
Let’s get the bad news out of the way first: One of Oregon’s most successful private companies in recent years, Integra Telecom, is on the verge of changing hands under less than ideal circumstances. A front-page story about a sharp increase in “distressed takeovers” in yesterday’s Wall Street Journal reported that Integra is being forced to turn over ownership to Tennenbaum Capital Partners LLC following a barrage of “hardball tactics” deployed by the debtholder.
(UPDATE, 3:50 PM: I just got a call from John Nee, VP for corporate communications for Integra, and he assured me that the impending change of ownership is actually a good thing since it will cut Integra's debt in half. "This positions us for substantial growth once the economy turns around," he says. I hope he's right, as do the 550 people who work for Integra in Portland. Nee also pointed out that Integra's largest shareholder is Warburg Pincus of New York, so it's not a matter of losing local control.)
One disappointing detail from the Inc. 500: Not one of Oregon’s numerous green innovators made the list. That may change over the next few years. One company worth keeping your eye on is Shorepower, a developer of truck stop electricity systems that was launched in New York in 2005 but has transferred its operations to Portland partly because of the green-friendly business climate here. Shorepower only employs five people currently, but it recently won a $22.2 million federal grant in collaboration with Canby-based nonprofit Cascade Sierra Solutions that is expected to create 962 jobs building a national network of electrified parking slots for truckers. These plug-in areas will allow truckers who would normally keep their big diesels churning, polluting the air and wasting fuel, to shut their rigs off without losing the heat, air conditioning, video and music systems they’ve come to rely on.
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Oregon Business magazine's 5th annual
100 Best Green Companies to Work For in Oregon
Wednesday, May 29, 2013
From Oregon Translational Research and Development Institute: OTRADI today announced its plans to open and operate a 13,000 square-foot multi-tenant bioscience complex in the Willamette Wharf building at 4640 SW Macadam Avenue. Slated to be complete in spring 2013, the OTRADI Bioscience Incubator (OBI) will house up to six companies.
MEDIAmerica, publisher of Oregon Business and Oregon Home magazines, announces a new retail website: HalfOffOregon.com. The website offers lodging, dining, recreation and many other items at half off their regular cost.
As you probably know by now, The Vernon Company is a national leader in the promotional products industry with annual sales of over $60 million. We are a family owned business, led by the fourth generation of the Vernon family.