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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.
Friday, April 11, 2014
TOM COX | OB BLOGGER
The auto industry is starting to share more costs across manufacturers for complex and challenging design work, like new transmission design, and certain new engine technologies. What we’re not yet seeing is wholesale outsourcing of “unavoidable waste” components to specialist companies.
Tuesday, February 25, 2014
BY JOE ROJAS-BURKE | OB BLOGGER
The medical research enterprise wastes tens of billions of dollars a year on irrelevant studies. It’s time to fix it.
Tuesday, April 08, 2014
BY HANNAH WALLACE | OB BLOGGER
It may be obvious, but most farmers don’t make a lot of money. According to preliminary data from the 2012 Agriculture Census, 52% of America’s 2.1 million principal farm-operators don’t call farming their primary occupation. Farm cooperatives may offer a solution.
Thursday, March 06, 2014
BY HANNAH WALLACE | OB BLOGGER
The founder of Pacific Foods talks about why his company has flown under the radar in Oregon, how saving a family-run chicken hatchery has helped his bottom line and why he thinks organic food is anything but elitist.
Monday, March 03, 2014
Check out interviews with employees from some of the 100 Best Companies to Work For in Oregon winners and find out what makes their company a great place to work.
Wednesday, April 02, 2014
A new report explores the impact of millennials on Oregon's business and political climate.
Thursday, February 27, 2014
Our 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.
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Marketing the state brings new business, new jobs and a better quality of life for everyone.
Living in the beautiful Pacific Northwest means enjoying our wonderful surroundings, while remaining aware of the multiple types of natural disaster threats that we face: winter storms, windstorms, floods, landslides, earthquakes, volcanoes and tsunamis.“
Oregon State University's hospitality degree program invests in next-generation leaders.
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NAI Norris, Beggs & Simpson just completed their newly rebranded First Quarter Market Reports. Not only does it feature a brand new format, but the report ensures accuracy due to the annual truing up of their database.
Samuel Hernandez, an Associate at Barran Liebman, is the recipient of a 2014 Oregon State Bar Litigation Section Rising Litigator Award.