Sponsored by George Fox University
Home Must Reads Oregon agrees to restructure SoloPower deal

Oregon agrees to restructure SoloPower deal

| Print |  Email
Must Reads
Tuesday, September 10, 2013

Oregon state officials agreed to delay loan payments and suspend job requirements as SoloPower attempts to get $50 million in outside investment.

The deals came together after SoloPower defaulted on a $10 million state Energy Department loan in July, and a month after the company laid off most of its staff, leaving a small crew to run its North Portland factory. The jobs were key to $20 million in state tax credits the company received last year.

Though SoloPower operates now as a new entity -- SoloPower Systems Inc. -- its future remains in peril.

The former president is suing the company, eviction proceedings are ongoing at its onetime headquarters in San Jose, Calif., and some suppliers say they are owed tens of thousands of dollars.

Read more at OregonLive.com.

 

More Articles

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY 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.


Read more...

Timber town

June 2014
Thursday, May 29, 2014
BY LEE VAN DER VOO

A forest collaboration saves the Rough & Ready Lumber Company.


Read more...

EPA Standards: A breath of fresh air for the region

News
Thursday, June 12, 2014
EPABY ANDREA DURBIN | OB GUEST BLOGGER

Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.


Read more...

100 Best Green Companies Keynote Speech

News
Friday, May 30, 2014

green2014-069Watch the 2014 100 Best Green Companies keynote speech by Eric Friedenwald-Fishman.


Read more...

OB Video: Oregon MESA

News
Thursday, June 26, 2014

ThumbOregon Business hosts an informal roundtable discussion about the Oregon MESA (Mathematics, Engineering, Science Achievement) program.


Read more...

Blips and trends in the housing market

News
Thursday, June 26, 2014
062614 thumb realestateBY 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?


Read more...

Detox fashion

June 2014
Thursday, May 29, 2014
BY LINDA BAKER

Remember mood rings? A team of scientists at Oregon State University has designed what might be considered a 21st-century analog of the ’70s jewelry fad: a bracelet that reveals one’s exposure to pollutants.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS