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

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

Back to School

September 2014
Wednesday, August 27, 2014
BY LEE VAN DER VOO

By now we’ve all read the headlines: Starbucks is giving away free degrees. Except it isn’t.


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


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