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|Thursday, March 28, 2013|
BY LINDA BAKER | OB EDITOR
If I had a dollar for every time a CEO or business owner told me Oregon was hostile to business interests, well, let’s just say I wouldn’t be quite so worried about how I’m going to pay my son’s college tab over the next four years. Here’s Columbia Sportswear chief executive Tim Boyle, who weighed in on the topic when I interviewed him for my January cover story:
“When I meet with my personal accountant, his first thing is, ‘ok, I’m recommending that you move because the tax environment is so onerous. I know you’re going to do what you want to do, but I don’t want to be sued by your heirs because I gave you poor tax advice.’”
“I have no plan to move today,” said Boyle “But when your accountant tells you to move…”
Given Columbia’s long history in the state of Oregon, it’s a bit hard to believe Boyle would make good on his implied threat and export Columbia to a state he considers more business friendly. Indeed, criticisms about the city and state’s business climate tend to be just that: complaints on the part of business owners, who then stay put. Data on the number of companies that actually leave the state because of a hostile business environment is notoriously hard to come by.
Then again, earlier this week, I did have a chance encounter with a Portland CEO who is decamping with his year-old startup for a city describes as having a sunnier business climate, a metropolitan area with a major research university and more venture capital and economic diversity than the Portland metro area.
Weighing in on the opposing side of the "Is Oregon a Bad Place to do Business" debate are boosters touting the city and state’s famed livability as a prime attraction for new businesses looking to locate here or existing companies seeking to expand.
The latest plaudits came my way from Tim Goodall, president of Islabikes USA, a UK-based design and manufacturer of children’s bikes that will open its U.S. headquarters in Portland April 15.
The company considered locating its headquarters closer to high-density population centers on the East Coast or California, said Goodall, a Shropshire native who, by the way, clocks in at only 25 years old. (How did he climb so high at such a young age? “I started working day off from high school and never looked back”).
Isla, which is setting up shop on Produce Row in SE Portland, chose Portland for its cultural vibe, said Goodall, who has been in the country just six weeks and has already become a Portland proselytizer. “In California, we just didn’t feel the synergy,” he says. With its eco- and bike-friendly family lifestyle, Portland was a natural fit. “The city has got that European feel to it. It’s aligned with our values.”
Granted, Isla, which sells most of its bikes online, expects to employ only four people by the end of the year, not exactly a jobs windfall for a city with an 7.2% unemployment rate.
Should we define a state’s business friendliness by tax liability alone? Or should we take the approach of our startup CEO (who didn’t want his name, or that of his company to appear in this story for fear of sounding too negative) and focus on building the entrepreneurial ecosystem with great universities and access to financing?
Or are cultural/lifestyle factors the real business game changer: the bikes, the breweries, the bakeries?
The answer is a no-brainer. Today’s drivers of economic growth are multi-faceted and include large private and publicly traded companies, small businesses, start ups. Defining business friendly practices according to a single paradigm may have made sense in the past, but not in today's rapidly changing economic development environment.
There is one step everyone can take while pondering what it takes to make a city and state attractive to businesses — inject an evergreen debate with an abundance of fresh thinking.
OB Editor Linda Baker keeps tabs on CEO and public policy issues, with frequent forays into innovation, entrepreneurship, and bikes.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Wednesday, August 27, 2014
Tom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Wednesday, August 06, 2014
BY LINDA BAKER | OB EDITOR
Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
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Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.