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|Thursday, September 19, 2013|
BY TIM MCCABE | OP-ED CONTRIBUTOR
There are indeed real differences in both the challenges and opportunities faced by rural and urban regions of Oregon. Rural areas of the state have not seen the economic recovery that urban regions are experiencing. A critical function of Business Oregon, the state’s economic development agency, is to use the tools, resources and expertise available to us to facilitate job growth in both rural and urban Oregon.
While commerce is certainly concentrated in urban areas, it is rural Oregon that has the urgent need. So I am proud that while 25% of the state’s population resides in rural Oregon, approximately half or our work is happening in partnership with rural companies.
Since 2007, looking at our finance programs, 54% of the loan and loan guarantee funds were used for rural Oregon projects. Our work with community banks to make more capital available to rural businesses was particularly critical during the recession.
In addition, the flexible Strategic Reserve Fund, which is often used to provide forgivable loans tied to job retention and creation, actually has the same distribution with 54% of SRF projects happening in rural Oregon over the same period. This program is often employed when a project has a unique need with no other resource available to fit that need. For instance, SRF was used to help Shimadzu Manufacturing expand its Canby facility creating 50 new jobs instead of expanding in Asia. But it was also utilized to help a small oyster larvae operation - Whiskey Creek Oysters - solve a pH water problem that threatened the entire oyster farming industry along Oregon’s Pacific coast.
On another important front, Business Oregon’s export assistance has helped 120 Oregon small businesses from all over the state find overseas customers for their products. These trade show appearances, aided by small $3,000 to $5,000 grants, is helping these companies realize $28 million in new revenue from a $483,000 state investment in matching grants since 2012.
Taking a step back and looking at Oregon’s overall economic development strategy: it’s the role of state government at the top level to deliver core services that increase economic opportunities for all Oregonians: such as health care, education and infrastructure development.
At the next level, we drive economic growth in specific key industries. Currently, Business Oregon focuses on advanced manufacturing, outdoor gear and active wear, clean technology, forestry and wood products and high technology. Our approach allows us to engage with partners in both urban and rural areas to try to grow these industries in which Oregon holds global competitive advantages.
We work on regional initiatives employing innovation strategies, often through the Oregon Innovation Council, to develop a robust food processing cluster in southern Oregon or an advanced manufacturing hub in the Columbia Gorge. We employ our expertise regarding entrepreneurial initiative or workforce development or our ability to certify lands for industrial development to spur job growth statewide.
Then at ground level, Business Oregon’s team of business development and finance experts work directly with Oregon companies, most of them with fewer than 50 employees, to help match their business needs with the resources at our disposal: access to capital, export assistance, tax incentives, business consulting and innovative solutions. Our people can serve as a single contact for a broad range of business services, for both programs we administer, as well as those existing elsewhere with our partners. We can make those connections and identify solutions.
In addition, we also “answer the door” when companies come knocking to look at expansion in Oregon. We pro-actively pitch the state in a targeted way both throughout the U.S. and overseas. We promote trade relationships in foreign countries, and look for opportunities for collaboration.
Our mission is clear and pronounced: help as many Oregon companies as is possible, both rural and urban, to create and retain as many jobs as they can for Oregonians.
Tim McCabe is the Director of Business Oregon.
Friday, July 10, 2015
BY JACOB PALMER
Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.
Tuesday, June 23, 2015
Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.
Thursday, June 18, 2015
While most categories of commercial real estate have performed well, one of the most robust has been apartment buildings.
Wednesday, July 01, 2015
There are more than 10 million former military members working in the United States.
Tuesday, July 14, 2015
The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.
Wednesday, July 15, 2015
Former Governor John Kitzhaber's resignation in February prompted some soul searching in this state about ethical behavior in industry and government.
Monday, July 13, 2015
BY KIM MOORE
A conversation with Greg Lambert, president of Mid Oregon Personnel Services.
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When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
The technology industry is always in flux. And this rapid rate of change poses challenges to companies ranging from nimble startups aiming to make their mark to established organizations fighting to remain relevant. This is particularly true in the competitive digital display market, where an Oregon company has been at the forefront of nearly every major breakthrough in the last three decades.
A look back at the shifting sands of Portland’s growth and development.
Robert S. Wiggins has joined Lane Powell as a Shareholder in the Corporate/M&A Practice Group. Wiggins is a well-known lawyer, entrepreneur, and investor with more than 30 years of experience leading and advising established and emerging companies in the Pacific Northwest. Wiggins will focus his practice on offering outside general counsel services, including general corporate and board representation, business transactions and capital events.
DEDICATION PARTY: Help the Port of The Dalles celebrate its newest shovel-ready industrial land Friday, July 31, from 1:30 to 4 p.m.