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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.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Friday, June 13, 2014
BY CLIFF HOCKLEY | OB GUEST BLOGGER
This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.
Friday, June 06, 2014
BY KATIE AUSBURGER | OB GUEST CONTRIBUTOR
How to build a hipster-friendly work environment.
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Tuesday, July 08, 2014
BY 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.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Lane Powell Shareholder Susan K. Eggum has been elected as vice chair of programs and projects for the International Association of Defense Counsel’s (IADC’s) Employment Law Committee.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.