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|Friday, February 18, 2011|
By Corey Paul
President Obama gave full credit to Intel Friday for investing and manufacturing in the United States as part of an ongoing campaign to improve relations with the business community.
"You are a company that understands that investing in education is good for business and good for the bottom line," Obama told a group of Intel executives and engineers assembled at Ronler Acres in Hillsboro.
Intel's success and job creation stand apart from the economic malaise suffered by the rest of the country, which makes it a situation that the President, beat up over jobs, wants to trumpet.
Intel's construction of a new fab in Hillsboro, called D1X, will create thousands of temporary construction jobs, and when it's completed in 2013, about 1,000 permanent manufacturing jobs paying about $120,000 each per year. Intel is Oregon’s most significant private sector employer, with over 15,000 jobs and a statewide payroll of $1.8 billion.
The president said Intel should serve as a model for other global companies considering expanding domestically. He also warned, "If we want to make sure Intel doesn't go overseas we need to invest in our people, our schools."
Before Obama spoke, a PhD engineer guided him through the D1D factory, where Transition Electron Microchips are produced. He also met with two finalists of an Intel-sponsored science contest.
Kitzhaber acknowledged that tension exists between tax incentives for companies such as Intel and funds for education. "The answer will be to change the education model that we have," he said.
Obama recently named Intel CEO Paul Otellini to his Council on Jobs and Competitiveness, which will focus promoting growth and hiring, while attracting businesses to the United States.
Otellini was upbeat during his appearance with Obama, praising the president's focus on improving math and science education and attracting investment from industry.
Kitzhaber says Intel's commitment to Oregon should lead to additional progress."This highlights the fact that we have assets here that attract capital investments," he said.
Corey Paul is an associate writer for Oregon Business.
Wednesday, January 14, 2015
BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR
Startups in the growth phase are associated with a fresh infusion of capital — human and financial — a curiosity factor and products to disrupt the market and drive demand. Portland’s economy gives off the same aroma.
Monday, February 09, 2015
BY MEGHAN NOLT
VIDEO: Gifford's Flowers brings family approach to PSU-area shop.
Friday, February 20, 2015
BY COURTNEY SHERWOOD | OB CONTRIBUTOR
Marijuana is big business in Oregon, and it’s about to get bigger.
Friday, February 27, 2015
PHOTOS BY JASON E. KAPLAN
Images from the 2015 celebration of Oregon's great workplaces.
Tuesday, February 17, 2015
BY TAMSEN LEACHMAN | OB GUEST CONTRIBUTOR
It is important to understand the EEOC’s priorities, and ensure that your leadership understands the shifting expectations of regulators and the heightened standards to which you (and they) may be held.
Tuesday, January 27, 2015
BY KIM MOORE
Robin Anderson, dean of the Pamplin School of Business, University of Portland: "You need people who are comfortable leading in ambiguity."
Sunday, February 15, 2015
BY LINDA BAKER | OB EDITOR
As the investigation against the governor moves forward, those of us in the news business should reflect on our own potential for subverting the democratic process.
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