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Portland Business Journal
Restaurant Roundup: RingSide teams with Ox to celebrate 80 years
We start this roundup with an iconic name. Portland’s RingSide Steakhouse is celebrating 80 years in business, and to do that it is hosting a series of celebrations this summer. <\p> The first is slated for June 26 and will feature a collaboration with award-winning Argentinian steakhouse Ox. (Ox has been closed since April after a fire and is expected to be closed until at least mid-June). <\p>
2 contrasting Oregon-tied companies land on influential list
Two companies with Portland ties, one a giant and the other a startup, made Time's annual list of 100 Most Influential Companies.<\p> Chipmaker Intel Corp. (Nasdaq: INTC) and energy storage system company Powin are at different points in their arcs and occupied different places on the magazine's list. Intel CEO Patrick Gelsinger is featured in the "Titans" portion of the list while Powin is listed among the "Pioneers."<\p>
Nurses at Portland-area hospital win big in salary agreement
Nurses at PeaceHealth Southwest Medical Center reached a tentative contract agreement that will make them among the highest paid in the state, the Washington State Nurses Association announced Wednesday.<\p> Membership will vote on the agreement June 6. WSNA represents 1,465 nurses at the 450-bed Vancouver hospital.<\p>
OHSU HR head steps down after tumultuous two years
Qiana Williams is stepping down, two years after she was hired as OHSU’s chief people officer.<\p> OHSU President Dr. Danny Jacobs announced Williams’ departure, effective on Monday, in a statement sent to employees Wednesday.<\p>
Dr. Martens reaches settlement in $14M patent infringement lawsuit
A patent infringement lawsuit between two major footwear makers has been settled, according to the lawsuit’s docket. <\p> British footwear maker Dr. Martens filed a patent infringement lawsuit, seeking $14 million, against competitor Steve Madden and its manufacturer in August 2023. The terms of the settlement were not publicly disclosed.<\p>
Oregon revenue forecast puts kicker chances at 50-50
Oregon economists see smooth sailing ahead for the state in their latest quarterly revenue and economic forecast, but they identify some potential disruptions.<\p> "The Oregon economic outlook remains solid," the economists wrote in the forecasts, released Wednesday. <\p>
Portland private chef startup eyes $36B destination luxury marketplace
Portland startup Epicurate is combining two of the region’s strengths: tech and hospitality as it builds out its private dining and luxury experience platform. <\p> The company was started in 2020 by private chef Max Porterkhamsy who was looking for a better software solution to run his Sonoma-based private dining business Vine Dining. When he couldn’t find what he wanted, he enlisted a young software developer who specialized in building high-frequency financial trading models to build a new product. <\p>
Portland Thorns are hiring, with some salaries topping six figures
In the wake of new ownership, the Portland Thorns are hiring for nearly a dozen positions.<\p> The National Women’s Soccer Team’s LinkedIn page posted 10 jobs over the last two weeks spanning the team’s operations, including a VP of communications, VP of marketing and a special projects manager. <\p>
Alcohol tax task force studies $6B cost gap in OR treatment services
Oregon spent $1 billion on substance use disorder services during the 2021-23 biennium, but that’s a fraction of what is needed, according to a new analysis released by the Oregon Health Authority.<\p> Public Consulting Group LLC estimates the annual cost for meeting gaps in substance use services and supports at $6.85 billion. OHA presented the findings at a Tuesday meeting of the Task Force on Alcohol Pricing and Addiction Services, which is studying addiction in Oregon and the benefits and drawbacks of higher beer and wine taxes.<\p>
Lawsuit targeting small-business grant program is tossed
A judge has tossed a lawsuit targeting Progressive Insurance and small-business funding platform Hello Alice for a grant program offered to Black small business owners.<\p> The decision, handed down by the U.S. District Court for Northern Ohio, found plaintiff Nathan Roberts, owner of Cleveland-based Freedom Truck DIspatch LLC, lacked the standing to sue the companies over a grant program it offered to Black small-business owners to purchase a new truck.<\p>
Officials issue warning about mussels from Oregon Coast
This story is available courtesy of Portland Business Journal media partner KGW-TV.<\p> Oregon health officials have warned anyone who gathered mussels from certain beaches on the northern Oregon Coast to toss them out after reports of people sickened by a shellfish-borne biotoxin.<\p>
These Oregon schools have the highest faculty pay
The University of Oregon has the highest average faculty pay among colleges and universities in the state, with full-time instructional staff earning an average of $109,757.<\p> That’s according to a recent Business Journals analysis of fiscal year 2023 U.S. Department of Education data for public and private universities. <\p>
What PBJ readers say about their most-loved Portland restaurants
Each year, we ask our readers to select their favorite restaurants. It’s intriguing, to say the least, how our Most Popular Restaurants List changes from year to year. <\p> Or, in the case of RingSide’s continued dominance, whether the West Burnside steak joint will actually get knocked out of the top slot. RingSide’s steaks, wine cellar and famous onion rings have earned it a place in the survey’s top five every year so far (this is the 10th year we’ve done the survey), and it has dominated the voting with seven No. 1 appearances.<\p>
How Portland VC Day throws out the typical pitch script
An inaugural event drawing entrepreneurs and investors for casual networking has sold out, but organizers are already looking ahead to a bigger program next year. <\p> Joshua Wylie, entrepreneur and cohort manager of Venture Partners Fund, is organizing the first VC Day in Portland on Thursday. The event is part of a bigger effort started by Cindy Ho, a junior partner at Denver-based venture firm Stout Street Capital. <\p>
The numbers behind Oregon's tourism comeback
No matter what the landscape in Portland proper is like these days, the city remains Oregon’s top tourism driver. <\p> So reports Travel Oregon, which, as demonstrated in the various charts on these two pages, spells out the degree to which the Rose City affects our robust, if pandemic-hampered, visitor economy. Some 38% of the dollars that tourism contributes to Oregon’s economy are spent in the Portland region. <\p>
Foundational Oregon food plant to close, lay off hundreds
A Pacific Foods manufacturing plant in Tualatin will close by 2026, the brand’s parent company, Campbell Soup Company, announced Tuesday.<\p> This closure will happen in phases, Campbell’s (NYSE: CPB) said, with the first expected to affect 120 of the plant’s 330 employees beginning in August. The company listed the “aging facility and inefficient nature of the site’s configuration” as reason for the closure. The brand will continue under the Campbell's umbrella, a company spokesperson said.<\p>
Lead prosecutor in Aequitas fraud trial lands job with aerospace giant
Ryan Bounds, the lead prosecutor in the Aequitas Capital Management criminal fraud trial, has departed the U.S. Attorney’s office in Portland for a position as in-house counsel for Boeing (NYSE: BA) in Seattle.<\p> Bounds’ new title is senior litigation counsel for the global aerospace company, according to his LinkedIn page. <\p>
Portland coffee brand expands with third downtown cafe
40 Lbs Coffee Bar will open inside the lobby of the Aspect office building, its third downtown Portland cafe.<\p> Owner Tuyen Phan expects his new bar and cafe to open at 400 S.W. Sixth Ave. in July. 40 Lbs is a mainstay for politicos, businesspeople and lawyers along Southwest Second Avenue, where it has two locations: 824 S.W. Second Ave., opened in 2016, and 101 S.W. Main St., also known as the One Main Place building, opened in 2020.<\p>
Resume gaps aren't the dealbreaker they once were, but there's a catch
Job seekers worried about gaps in their resume might still have to deal with some pushback from hiring managers, but the market today has become more forgiving to such openings than it once was.<\p> According to a recent Express Employment Professionals-Harris Poll survey, while 36% of hiring managers said they might be deterred by applicants' unexplained work gaps, the vast majority (95%) believe there are valid reasons to explain career gaps. The top reasons cited were health issues, staying home with a child, going back to school and caring for an elderly parent.<\p>
40 Oregon wineries file new $102M lawsuit over 2020 fires
Forty Oregon vineyards and wineries filed a $102 million lawsuit on Friday against PacifiCorp and its Pacific Power electric utility for alleged negligence in sparking the 2020 wildfires that caused smoke damage to grapes.<\p> The lawsuit, filed in Multnomah County Circuit Court, is the latest in a wave of litigation brought by wineries, including a previous claim for $49 million, bringing the grand total of winery plaintiffs to nearly 70. Among the wineries in the new lawsuit are Domaine Serene Vineyards, Eola Hills Wine Cellars, Proteus Wines, Cherry Hill Vineyard and Dundee Hills Wine Library LLC.<\p>
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