Daimler confirms Swan Island HQ plans

Daimler confirms Swan Island HQ plans

Daimler Trucks North America plans a new waterfront headquarters on wan Island, a $150 million project that will add 400 jobs.

The decision removes years of uncertainty over Daimler's long-term plans for its Portland headquarters and represents a major economic boost for the city and region. It comes at some financial cost, though: The state and city provided nearly $20 million in public support to win the project.

Daimler already employs about 2,000 white-collar workers in Portland -- 1,200 at Swan Island and hundreds more scattered in offices across the city -- plus 750 workers who turn out as many as 30 Western Star trucks a day. The new headquarters will bring all workers to Swan Island.

Read more at OregonLive.com.