Ecotrust is latest nonprofit to get for-profit subsidiary

| Print |  Email
Must Reads
Monday, October 28, 2013

Portland-based Ecotrust spun off for-profit subsidiary Point 97 this month.

Point 97, a marine consultancy and software tools firm, had drawn interest from potential clients outside Ecotrust's mission area of the Northwest. Its commercial opportunities seemed to stretch beyond the non-profit's charter. The "heft of the work" meant a team of Ecotrust employees were devoted full-time to the marine consulting business, said Astrid Scholz, Ecotrust's president.

Nationally, the non-profit sector has become adept at launching these sorts of hybrids and conversions. Sometimes non-profits spin off a for-profit business because of its growth potential, or for tax purposes, or to protect the non-profit's tax-exempt status. Non-profit hospitals have spun off insurers, for-profit companies have created charitable arms and environmental non-profits have launched green-business enterprises.

Read more at OregonLive.com.

 

More Articles

5 questions about the FLIR FX

The Latest
Wednesday, April 08, 2015
FLIR-FX-IndoorBY JACOB PALMER | DIGITAL NEWS EDITOR

The Wilsonville-based company is targeting GoPro enthusiasts with its latest release. Is spy gear poised to go mainstream?


Read more...

Change at the pump?

The Latest
Tuesday, May 26, 2015
001thumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

New Jersey and Oregon are the only two states in the U.S. that ban self serve gas stations. But these two holdouts may be ready to give up the game. New Jersey is considering legislation that would lift the state's ban on pumping your own gas. Oregon is considering smaller scale changes.


Read more...

Can small be large?

Linda Baker
Wednesday, April 01, 2015
040115-lindablogthumbBY LINDA BAKER

Leaders in Oregon's ag sector gathered this morning in Portland’s Coopers Hall winery/taproom to discuss the role of the region as an export gateway, impediments to exporting products and solutions to containerized shipping challenges.


Read more...

Up in the Air

June 2015
Friday, May 22, 2015
BY ANNIE ELLISON

Portland tech veteran Ben Berry is leaving his post as Portland’s chief technology officer for a full-time role producing unmanned aerial vehicles (UAVs) aimed at first responders and the military. Berry’s AirShip Technologies Group is poised to be on the ground floor of an industry that will supply drones to as many as 100,000 police, fire and emergency agencies nationwide. He reveals the plan for takeoff.


Read more...

Intrepid reporter checks out ZoomCare rebrand

The Latest
Wednesday, May 27, 2015
dentistthumbPHOTOS BY JASON E. KAPLAN

Like all good journalists, the OB editorial staff typically eschews freebies. But health care costs being what they are, digital news editor Jacob Palmer couldn't resist ZoomCare's offer of a free three-in-one (cleaning, exam, whitening) dental office visit, guaranteed to take no more than 57 minutes. 


Read more...

Fighting Fire With Fire

May 2015
Friday, April 24, 2015
BY BEN DEJARNETTE | INVESTIGATEWEST

Timber companies and environmental groups take a stab at collaboration to boost logging and restoration in Oregon fires.


Read more...

3 trends in the garden business

The Latest
Thursday, April 30, 2015
gardenthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Oregonians are scrambling to get their gardens in order for the summer. Here are three tips from landscaping and urban farming expert.


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