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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, April 17, 2014
BY JASON NORRIS | OB BLOGGER
The “polar vortex” of 2014 seems to have finally thawed and we believe this change in weather will bring more sunshine to the U.S. economy as well.
Tuesday, March 25, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Oregon is home not only to many fine writers but also several accomplished small publishers.
Thursday, March 20, 2014
BY JASON NORRIS | GUEST BLOGGER
I don’t think anyone can (or should) remember what it was like to get things done without the internet. This milestone in technology has certainly benefited brick-and-mortar companies and subsequently launched a new era of businesses.
Thursday, March 06, 2014
BY HANNAH WALLACE | OB BLOGGER
The founder of Pacific Foods talks about why his company has flown under the radar in Oregon, how saving a family-run chicken hatchery has helped his bottom line and why he thinks organic food is anything but elitist.
Friday, April 11, 2014
TOM COX | OB BLOGGER
The auto industry is starting to share more costs across manufacturers for complex and challenging design work, like new transmission design, and certain new engine technologies. What we’re not yet seeing is wholesale outsourcing of “unavoidable waste” components to specialist companies.
Tuesday, February 25, 2014
Health care and vacations rule. That’s the consensus from our reader poll on workplace benefits that help retain and recruit employees.
Friday, March 21, 2014
TOM COX | OB BLOGGER
During a recent talk to HR Directors, I asked if they saw leaders trying to solve every problem, instead of delegating to and empowering staff. Every head nodded. Every single one.
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