Day after day, rail cars full of a mysterious white powder, marketed by a cartel and desired by people all over the world, stream into Portland. This powder, responsible for hundreds of local jobs and millions of dollars of revenue for local businesses, illustrates an important, if not often discussed, strength of our region’s economy.
Umpqua Bank opened its newest location today on SE Hawthorne Boulevard, a branch styled as a folksy hangout to further the bank's goal of embedding in Portland neighborhoods. This is the first of five "stores" that Umpqua plans to build through 2011, an expansion by 25% within the metro area for Oregon's dominant regional bank.
Jon Thenhaus’s latest business idea grew out of a simple desire to have an infinite supply of fresh basil within easy reach in the kitchen. That wish grew more complicated as he refined his ideas and followed his muse, from herbs to worms and fish. Nine prototypes and several “massive failures” later, the 37-year-old founder of Fishy Farm has developed an ingenious ecosystem for the kitchen or the back yard.
Fiscal calamity or a decade of budget austerity loom for Oregon as the recession leaves thousands of Oregonians jobless and the demand for government money outpaces its ability to pay for services, business and political leaders agreed on Monday.