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Portland Business Journal
Nike reveals job titles of nearly 250 laid off employees
Nike in a recent public filing identified the job titles of more than 200 individuals laid off as part of its reorganization.<\p> The list of jobs, which were included in a July 1 WARN notice filed with the state of Oregon, reveals that 33 vice president roles, 110 senior director roles and more than 100 director roles were affected in the most recent round of layoffs at Nike’s world headquarters in Beaverton. <\p>
Lloyd Center added to likely sites for new Portland music venue
A 4,250-seat entertainment venue may come to Lloyd Center thanks to a newly unveiled partnership between Los Angeles-based Anschutz Entertainment Group and Portland promoter Monqui Presents, according to a report in Willamette Week.<\p> AEG and Monqui are eyeing the former Nordstrom space on the mall's west end for the music venue that could open in 2026, according to Mike Quinn, founder of Monqui, who told Willamette Week, "You have to have to have a major partner to do these things."<\p>
A popular job-posting strategy can backfire
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> The hiring process sparks plenty of questions for employers and candidates alike. <\p>
Microsoft conducts another round of layoffs
Microsoft Corp. (Nasdaq: MSFT) is making another round of layoffs just before the Fourth of July holiday, according to multiple reports. <\p> It's unclear how many jobs the Redmond-based tech giant has cut or which divisions are affected. Posts on the social platform X and LinkedIn suggest affected employees include project and product managers in the company's Xbox unit. <\p>
Portland is a leader in this tourism category, survey finds
For travelers who use Airbnb, VRBO and other short-term rental sites for their accommodations, the City of Roses seems to be a bargain destination. <\p> A recent report on investment opportunities by USA Today Homefront ranked the top 10 most and least expensive cities for short-term rentals based on data from Precedence Research, AirDNA and Grand View Research. <\p>
Editor's notebook: Portland businesses live values loud and proud
At a recent Portland Business Journal newsroom outing, one of our revelers slammed down his hands and announced that Portland is a great city no matter what the negative headlines might imply.<\p> The happy chatter happening around the table ceased, there was a pause, then all of us burst into applause. We toasted the natural beauty, delicious food and drink, the independent spirit that is so central to the Portland ethos.<\p>
Growing Portland food maker plans co-packing facility
Nikki Guerrero has big plans for the enormous production space her company Hot Mama Salsa moved into at the end of 2023. <\p> And it isn’t just for her company. Instead, she has her sights set on creating a production space that will lift not only her business but other small or mid-sized food and beverage manufacturers in the region. <\p>
Opinion: One way to slash skyrocketing Portland development costs
The city of Portland has announced an increase in building permit fees by 10% in July, which is greater than current inflation rates. Multnomah County is considering a similar increase. <\p> This continuous march toward ever-rising public costs in new housing construction perpetuates a bloated and broken system with no relief in sight. <\p>
Here are the new rights Oregon consumers will enjoy going forward
The start of July brought a bevy of new protections for Oregon consumers.<\p> So reports the state's Attorney General's office, in detailing highlights from the newly enforceable Oregon Consumer Privacy Act. Gov. Tina Kotek had signed the bill into law a year ago.<\p>
What's in store for a favorite Portland roaster as it hits 20 years
Nossa Familia Coffee has marked the beginning of its third decade in one of the most appropriate ways possible.<\p> The Portland company has released a 20th Anniversary blend "crafted in relationship with family farms in Brazil, and longtime partner farms Finca San Jeronimo Miramar (Guatemala) and Finca San Jose de las Nubes (Nicaragua)," the company said. To that end. 50 cents from every bag purchased of will directly support school children in coffee-growing regions, including those on the Finca San Jose de las Nubes in Nicaragua. <\p>
Portland plans for triple-digit heat starting July 4th
This story is available courtesy of Portland Business Journal media partner KGW-TV. <\p> Independence Day kicks off a days-long heat wave in the Portland area, prompting officials to roll out a first round of warnings. They're hoping to highlight the potential risks and asking people to get prepared now. <\p>
Processor of signature Oregon crop announces layoffs
Wilco's plan to jettison its Hazelnut Growers of Oregon business has led the ag cooperative to notify the state that a potential plant shutdown could cost 70 jobs.<\p> Wilco announced a month ago that it aimed to sell the business and the 120,000-square-foot processing plant that it opened in Donald in 2018, two years after it acquired the hazelnut cooperative.<\p>
Global publishing giant acquires celebrated Portland media brand
Portland children’s book series A Kids Book About has been acquired by London-based book publisher DK. <\p> AKBA founder Jelani Memory announced the deal Tuesday on LinkedIn. He noted that his new role at the larger company will be vice president and publisher at DK. <\p>
These are America's most-delayed flights
Airlines are expecting record-breaking traffic for the summer — and for the July Fourth holiday — but fliers on many routes would be wise to build in some extra time for their travel plans. <\p> That's according to an analysis by The Business Journals of the latest on-time data from airline analytics company Cirium Inc. The analysis looked at routes with at least 20 flights. <\p>
How you can decide what a new Burnside Bridge will look like
This story is available courtesy of Portland Business Journal media partner KGW-TV. <\p> Multnomah County has plans to build the first seismically resilient bridge near the heart of downtown Portland in place of the current Burnside Bridge. The county is seeking the public's input on two potential bridge design options. <\p>
Central Oregon craft brewer bows to challenging beer market
Sisters-based Three Creeks Brewing is the latest Oregon beer maker bowing to a changing market with the closing of its production plant and sale of its brewpub.<\p> Three Creeks founder Wade Underwood announced in June that his brewpub had been sold to Jacob Whitney, who operates five "successful establishments in the Gresham/Troutdale area." He also revealed the closing of his other Three Creeks brewery in Sisters.<\p>
Two Portland-area heavyweights on S&P 500's list of biggest losers
Two the Portland metro's highest-profile companies were among the biggest losers in the S&P 500 in the first half of 2024. <\p> Intel (Nasdaq: INTC) shares were the third-worst performing with a 38% price drop from the end of 2023 to last Friday's market close. Nike (NYSE: NKE) was eighth on the list that nobody wants to be on, falling 30.6%.<\p>
Oregon left out of $504M in federal tech funding
Two Oregon State University-led consortia were left out on Tuesday when the Biden administration announced $504 million in funding for 12 tech hubs across the county.<\p> The Corvallis Microfluidics and the Pacific Northwest Mass Timber hubs were among 31 tech hubs that advanced last fall from a pool of some 400 applicants and were invited to compete for funding. Estimated awards for the 12 winners ranged from $19 million to $51 million.<\p>
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