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Portland Business Journal
Major Portland metro manufacturer names new CFO
Railcar manufacturer Greenbrier has found its new chief financial officer.<\p> The Lake Oswego company (NYSE: GBX) said Tuesday that Michael J. Donfris will become its CFO and principal financial officer in July after it files its report for the fiscal quarter ending May 31.<\p>
Two Oregon foundations unveil combined $10M in grants
Two of the state's leading charitable foundations said this week they've made nearly $10 million in combined gifts to Oregon groups during their most recent giving cycle.<\p> The Murdock Charitable Trust ($4.5 million-plus) and Oregon Community Foundation ($5.2 million-plus) gave the money to, in OCF's parlance, "nonprofits making an impact across the state." OCF gave its local money to 281 nonprofits while Murdock, as part of 96 total grants made to Pacific Northwest groups, backed 18 Oregon nonprofits.<\p>
Group helping Black Portlanders keep their homes wins nonprofit status
An Internal Revenue Service letter marked a turning point for Randal Wyatt. <\p> "We're pleased to tell you we determined you're exempt from federal income tax under Internal Revenue Code (IRC) Section 501(c)(3)," the IRS wrote in its January missive to Wyatt, founder of Taking Ownership PDX.<\p>
After 5-year odyssey, new taproom debuts in Oregon City
Oregon City has a new taproom. <\p> Pour Choices, located at 19119 Beavercreek Rd., opened May 4, joining what is a fairly crowded marketplace for beer in Oregon City. Three other taprooms — Arch Bridge, Growler Run and Madison Taproom — also call Oregon City home, as do two breweries — Oregon City Brewing and Shattered Oak Brewing. <\p>
Portland's population loss appears to be slowing in new census data
This story is available courtesy of Portland Business Journal media partner KGW-TV. <\p> Portland's population decline seems to be slowing, new census data shows, a sign that the great exodus of residents from the city, once known as a beacon for newcomers, could be petering out. <\p>
Restaurateurs see opportunity to expand Hawthorne's food cart options
A pair of restaurateurs are opening a new food cart pod in a section of Hawthorne Boulevard they say could use some more activity. <\p> Uday Seelam of Dwaraka Indian Cuisine and Ben Bui of Vietnamese restaurants Fish Sauce and Short Round have teamed up for the project at 4225 S.E. Hawthorne Blvd. <\p>
Oregon psilocybin entrepreneur credits Elon Musk for career change
Karyn (Kat) Thompson has Elon Musk to thank, in a weird way, for a radical career change.<\p> Three days after the billionaire Tesla CEO took control of Twitter, Thompson’s 20-plus year stint in the tech industry came to an abrupt end. She learned she was part of a 4,000-employee layoff when she lost her access to the company Slack at 9:52 p.m.<\p>
Lake Oswego investment firm merges with growing national company
Lake Oswego investment management firm Morrison Street Capital is merging with Minneapolis-based Northmarq, the companies said on Tuesday.<\p> Founded by president and CEO Rance Gregory and Portland real estate firm Norris, Beggs & Simpson in 2002, Morrison Street Capital invests in a host of assets, including private equity, public debt and private debt. It serves foundations, family offices, pensions and others. <\p>
Portland mass timber prez on how new acquisition will drive growth
Timberlab, contractor Swinerton's Portland-based mass timber subsidiary, is making another supply chain move as it aims for growth.<\p> The company is acquiring Diversified Wood Resources, which does business as American Laminators. It has two plants in Oregon where it makes glued laminated timber, or glulam, an engineered wood product that can be used for beams and columns in mass timber buildings. <\p>
Celebrated Portland restaurateurs closing downtown outpost
Toki, the downtown restaurant opened by the couple behind the celebrated Han Oak, is closing for good later this week. <\p> The team announced on Instagram that it is closing after brunch service on May 26. <\p>
A beloved former Blazer wins a top NBA award
One of the more popular Portland Trail Blazers of this century has been honored for his community work.<\p> CJ McCollum, now of the New Orleans Pelicans, won the 2023-24 J. Walter Kennedy Citizenship Award. The honor, named after the NBA’s second commissioner, goes to "a player, coach or athletic trainer who shows outstanding service and dedication to the community."<\p>
Portland children's apparel company names chief technology officer
Portland-based children's apparel company Hanna Andersson has hired a new chief technology officer, weeks after hiring a new chief brand officer.<\p> Mike Frazzini brings more than 25 years of experience in software product delivery, systems integrations, e-commerce and business intelligence, according to a press release. Frazzini comes to Hanna Andersson from the floral and gift marketplace FTD, where he served as second-in-command of its more-than-300-person technology division.<\p>
Former Nike exec sentenced for $5M fraud scheme, media reports say
A former executive for Nike and Meta was sentenced to five years in prison last week for stealing more than $5 million from the companies she worked for.<\p> Barbara Furlow-Smiles pleaded guilty to the theft in December, according to the Los Angeles Times. Her case was widely reported in the media, including by the Oregonian. <\p>
Five Things to know for this week: Dossier woes, ZoomInfo rising
In honor of the coming short week (OK, it's a week away, but we're oddly fixated on having a day off one week from today), here's a truncated version of Five Things. <\p> Jonathan Bach's stellar piece on issues faced by owners of the Dossier hotel highlights the challenges all downtown hotel operators must overcome, even after pandemic travel concerns have seemingly abated. Ugh.<\p>
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