Just $10 million. That's all the CEO of ClearEdge Power told Senator Jeff Merkley that he needs to transform the Hillsboro fuel cell manufacturer into a billion dollar company. The CEO, Russ Ford, guided Merkley through the ClearEdge plant on Tuesday, showing him a wall ready to be torn down and an assembly line ready to be extended. The renovations could boost capacity from 1,500 units a year to more than 10,000.
Clackamas-based United Streetcar hosted Secretary of Transportation Ray LaHood and a trio of Congressmen yesterday to display the latest progress in the mission to crank out made-in-the-USA streetcars in Oregon, for the nation and the world.
Portland lacks the framework it needs to help its web startups grow, said Darius Monsef, the CEO of the website COLOURlovers, to a crowd of fellow web developers Tuesday. Portland needs more investors who know the business, he argues, and more who can inject tens or hundreds of thousands of dollars into budding companies, instead of the millions provided by big venture capitalists.
The new Innovation Program in Portland State’s Maseeh College of Engineering is already cooking up some interesting projects, including a novel water filtration system, a mechanism for measuring traffic on foot-bridges, and a noise cancellation mechanism for cars.
- Obama praises Intel for investing in Oregon
- Kitzhaber visits the shipyard to promote ideas for boosting jobs
- Facebook backs open source in Corvallis
- Opponents to sue over Monsanto alfalfa crop
- Bills target initiatives, campaign finance
- University reform gains momentum
- 24 million pounds of e-waste gets recycled
- Long journey for Oregon Trail game