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|Wednesday, February 29, 2012|
BY LINDA BAKER
Wandering around the new Vestas headquarters in the Pearl District the other day reminded me of Ozymandias, that Percy Bysshe Shelley poem about the inevitable decline of all things, no matter how mighty. But whether the mighty in this case refers to the wind industry, which grew exponentially over the past few years but now faces an uncertain future, or the oil and gas industry, which has flourished for decades but is now up against a changing world, I cannot say.
What I can say is the City of Portland is continuing to bet on the potency of the wind energy sector. Last month, the Portland Development Commission voted in support of a $1.1 million grant to help keep the North American headquarters of energy developer Iberdrola Renewables in Portland. Vestas A/S, the Danish wind turbine-maker that has its U.S. headquarters in Portland, received an $8.1 million, 15-year interest-free loan from the city two years ago for its $66 million Pearl District headquarters that is slated to open this spring.
Although uncertainties over federal energy policy—not to mention the revamping of Oregon’s Business Energy Tax credit last year —may limit that investment, PDC remains “firmly committed” to building a local clean energy cluster, said agency director Patrick Quinton. “We view our investment as a long-term bet."
Quinton said aggressive renewable energy mandates will continue to grow the sector and that “fundamentals” are not what drives the local industry. “It’s the assets we have in terms of talent, location, and the relationship between multiple companies."
It’s an inspiring monument to an industry many hope will soon recover its ascendancy. But a month or two before opening, the building’s permanence feels uncertain. Then again, rapidly rising gas prices and yet another looming conflagration in the Middle East don't exactly ensure the future of the oil and gas industry.
At this point in history, it's unclear exactly who are the mighty — or if they will fall.
Linda Baker is managing editor of Oregon Business.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
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.
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
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.
Friday, August 22, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
When business intersects with family, a host of situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Tuesday, August 19, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."
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