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Portland Business Journal
Here's how much Oregon bankruptcies spiked last year
Maybe it's all part of the "circle of life" in business, but sometimes the only way forward amid mounting debts is a major reorganization, or even complete dissolution to let creditors scavenge what they can. <\p> After three years of declines, business bankruptcies across Oregon rose by 47.8% to a total of 167 cases in 2023, according to court records. Yet, the statistic is still well below the 219 cases in 2019 before the pandemic struck. <\p>
Portland Timbers reveal new jersey sponsor
The Portland Timbers revealed Oregon dairy giant Tillamook as its new jersey sponsor at its match Sunday.<\p> “We are absolutely thrilled to bring these two iconic Oregon brands together and to celebrate our state in such a unique way through this expanded partnership,” Timbers CEO Heather Davis said in the team's announcement. “Tillamook is a brand that truly represents the best of Oregon, and the Portland Timbers are incredibly proud to wear the Tillamook name on our jerseys.”<\p>
Inside The List: New and old names among Oregon's biggest tech firms
Employment at tech companies in Oregon and Southwest Washington is down slightly, but still accounts for more than 30,000 jobs in the region.<\p> And while a few stalwarts of the local tech landscape still occupy the top spots, the updated annual lists of the largest companies in the region include some changes.<\p>
Higher-for-longer rate environment means more uncertainty for CRE
Commercial real estate investors, owners and occupiers all have been monitoring whether the Federal Reserve will impose interest-rate cuts in 2024 after rapidly rising rates have substantially increased the cost of doing business.<\p> Earlier this month, the Fed signaled it needed to see more progress toward its inflation target of 2% and decided to maintain its key lending rate. At that meeting, Fed Chairman Jerome Powell said gaining greater confidence around inflation "will take longer than previously expected," although he also said he felt inflation would move back down in 2024.<\p>
In Hillsboro, housing solutions sought even as a model project shines
The push and pull between federal, state and local roles in building affordable housing was on display Thursday during a tour of a Hillsboro complex. Discussions during the event, designed to spotlight lessons gleaned from the environmentally friendly...
Returning Oregon utility regulator on rising rates, wildfire risk
Gov. Tina Kotek has nominated Letha Tawney for another four-year term on the state panel that sets rules and rates — fraught subjects recently — for investor-owned gas and electric utilities. Tawney has served on the Oregon Public Utility Commission...
Gen Z's latest college grads have a new rival in the workforce
As new college graduates enter the workforce, they are facing some new competition for jobs: artificial intelligence. Given ChatGPT and other AI tools' ability to complete tasks such as research, data entry and email writing, some entry-level roles...
Investor buys $14.4M industrial site and other Portland-area deals
The Business Journal each week collects and publishes public data on real estate transactions, business formations, liens, lawsuits and bankruptcies. Last week, one notable listed transaction was the $14.4 million acquisition of a North Portland industrial...
Andrew Wiederhorn faces 16 SEC charges for alleged scheme
A former high-flying Portland business operator who eventually spent time in prison in the early 2000s has been indicted on charges of fraud by the Securities and Exchange Commission. Andrew Wiederhorn allegedly used company cash from Fat Brands for...
Health giant scraps controversial tactic amid Oregon doctor exodus
Optum Inc. agreed to a request by state and congressional leaders representing Lane County not to enforce noncompete and non-solicitation agreements. Optum and Oregon Medical Group are “letting clinicians know non-compete language in contracts will...
Portland lands Daimler's $40M electric truck expansion and more
Nine months after the City Council endorsed inducements for the company, Daimler Truck North America on Friday announced it will grow its electric vehicle operations in Portland. Daimler said it will do a $40 million, 110,000-square-foot expansion to...
Largest Technology Service Providers in Oregon & S.W. Washington
ABOUT THE LIST: Information was obtained from firm representatives through questionnaires and could not be independently verified by the Portland Business Journal. In case of ties, companies are listed alphabetically. Rank Name / piror rank / URL OR/SW...
Largest Hardware Design & Manufacturing Firms in Oregon & S.W. Washington
ABOUT THE LIST: Information was obtained from firm representatives through questionnaires and could not be independently verified by the Portland Business Journal. In case of ties, companies are listed alphabetically. Rank Name / prior rank / URL OR/SW...
Why 2 astrophysicists think they have an energy storage breakthrough
ESS, which raised a quarter-billion dollars when it went public in 2021, isn't the only flow battery company in town. Portland-based Skip Technology is stepping into the spotlight after six years of quietly working on its own version of the alternative,...
Vacasa announces 800 layoffs as hedge fund moves in
Portland-based Vacasa is cutting 13% of its workforce, or 800 roles, as the vacation rental management company works to restructure and reverse several quarters of turbulence. In an email sent to employees Thursday CEO Rob Greyber called the restructuring...
New Portland Clinic CEO on the fight to stay independent
The Portland Clinic has a new CEO: Dr. Amy Mulcaster, who has served as chief medical officer and is now making clinic history for several “firsts.” Mulcaster is the first partner to serve as CEO, the first doctor in more than 50 years to serve...
Camping nonprofit expands office footprint in downtown Portland
Portland nonprofit Camp Fire Columbia has moved into a new, expanded headquarters downtown. In addition to running the Camp Namanu summer camp on the Sandy River, Camp Fire Columbia organizes before- and after-school programs at 20 regional schools...
Workers forfeit hundreds on a popular workplace benefit. Here's why.
Workers are losing out on hundreds of dollars in flexible spending account money. A new report by the Employee Benefit Research Institute analyzed more than 3.2 million flexible spending accounts in 2022. It found, while workers are contributing more...
ODOT starts graffiti cleanup along Portland highways
It's been nearly a month since crews officially started to paint over graffiti along Portland highways — but the work is far from being complete. Earlier this year, Oregon lawmakers granted the Oregon Department of Transportation $20 million to clean...
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