Home Must Reads SoloPower's promised jobs fall short

SoloPower's promised jobs fall short

| Print |  Email
Must Reads
Friday, March 01, 2013

SoloPower pledged to create hundreds of jobs in Oregon two years ago, but they fell short of the 450 publicly projected.

It tapped millions in incentives on that promise, including a state tax credit that will net it $13.5 million in cash and leave Oregon's general fund out another $6.5 million. But according to documents obtained Thursday by The Oregonian, the deal requires only a fraction of those projected jobs.

The performance agreement released by the state's economic development arm details, for the first time, two key employment benchmarks tied to the California-based solar panel maker's manufacturing Business Energy Tax Credit. The company, at a minimum, agreed to "create and maintain" 140 full-time equivalent jobs. But Business Oregon redacted the deadline for meeting that mark, as well as all future employment mandates. The agency typically does not spell out specifics, citing trade secrets.

Read more at OregonLive.com.

{biztweet}solopower{/biztweet}

 

More Articles

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...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

Podcast: Interview with Steve Balzac

Contributed Blogs
Tuesday, August 19, 2014

082014BalzacBY TOM COX | OB BLOGGER

Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."


Read more...

Community colleges and sustainability

Contributed Blogs
Thursday, July 31, 2014
sustainabilityBY MARY SPILDE | OB GUEST CONTRIBUTOR

Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.


Read more...

Oregon Business wins awards

News
Monday, June 30, 2014

ASBPEOregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.


Read more...

Updated: Disrupting innovation

News
Tuesday, July 08, 2014
070814 thumb disputive-innovationBY LINDA BAKER  | OB EDITOR

The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation  — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment. 

Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.


Read more...

Register for 100 Best Companies survey

News
Wednesday, August 20, 2014
OBM-100-best-logo-2015 150pxwBy Kim Moore | OB Editor

The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.


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