In today's news, Trump presidency triggers protests, Gov. Brown ponders budget cuts and Seaside bond to relocate schools.
1. Trump's first 100 days
Now that the shock is wearing off, what does a Trump presidency mean? Last month, the 45th president to be released his plan for the first 100 days in office. Unsurprisingly, the plan focuses on repealing the Affordable Care Act, constructing a wall between Mexico and the U.S. and deporting more than 2 million immigrants.
Anti-Trump protests swept the nation yesterday, OPB reports. More than 2,000 marched through downtown Portland, across the Morrison Bridge and onto I-5, shutting down the freeway.
2. Failed Measure 97 poses state budget challenges
The proposed corporate tax increase would have brought in $3 billion annually for the general fund. Without the additional revenue, Oregon may face a $1.3 billion cut from the upcoming two year budget. Gov. Kate Brown is evaluating alternative revenue options, the Portland Business Journal reports.
3. Responding to quake threat, Seaside will move its schools
Voters approved a $99.7 million bond to relocate three schools out of the tsunami inundation zone, the Daily Astorian reports. The coastal city tried to move the schools three years ago, but the more expensive $128.8 million proposal failed. The schools will be built on 80 acres donated by Weyerhaeuser Co. in the East Hills.
4. Nike opens New York mega-store
Nike markets the 55,000-square-foot store as a retail experience and part of its plan to grow sales to $50 billion. The store features several niche stores for the varied consumer, from female athlete to sneaker head, the Oregonian reports.
5. Some marijuana businesses favor a Trump presidency
Business owners think the president-elect will advocate for small businesses and will operate an administration that leaves their operations alone, the Bend Bulletin reports.
6. Portland Macy's is closing
The closure has been rumored for months, but the retail giant confirmed suspicions this morning: the downtown Macy's is selling for $54 million. The store will close this spring, the Oregonian reports.
7. OFD Foods receives investment, appoints new CEO
The Albany-based freeze dryer did not disclose the size of the investment from Endeavor Capital but said the funding will expand its customer base. OFD will explore outdoor and emergency meal markets as its next venture. Company President Jim Merryman was also promoted to CEO.
8. Credit program could revitalize clean fuels sector, local districts
What do the Crater Lake Trolley, a Eugene truck fueling station, and the Rogue Valley Transportation District have in common? Research Editor Kim Moore reports.