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|Monday, October 03, 2011|
Portland-area businesses brace for a financial blow as the NBA approaches the 100th day of its labor dispute.
It's possible some, perhaps even all, of the 82-game regular season schedule will be eliminated. And though it's difficult to forecast the exact economic impact a prolonged lockout would have on the Portland area, the hit would be substantial, according to local businesses.
"The value of the Blazers team to this community is measured in the millions," said Drew Mahalic, CEO of the Oregon Sports Authority. "Their absence will, quite frankly, be devastating to the Portland regional community in that it impacts so many different businesses when they play."
A lot of the revenue generated from Blazers games -- gate receipts, parking dollars, food and concession funds -- pads the wallet of billionaire owner Paul Allen and helps pay for the multimillion-dollar operation of running the team.
But Blazers home games also funnel money throughout the community. TriMet ridership increases on game nights. Business booms at local restaurants and bars. Hotels house visiting NBA teams.
Read more at OregonLive.com.
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A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
The Atkinson Graduate School of Management at Willamette University has maintained its business accreditation by AACSB International—The Association to Advance Collegiate Schools of Business.
Like the advent of the locomotive, the cloud creates business opportunities that simply weren’t possible before now. Get up to speed fast in May at an exciting cloud-empowered Portland event.
Registration is now open for Portland Business Alliance’s Annual Meeting, one of the largest business gatherings in Portland each year.