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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, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
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.
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.