Oregon gets gigabit, Amazon opening Troutdale distribution center and five new solar projects launch.
Comcast finally launches its gigabit service in Oregon
Comcast launched its gigabit service Wednesday, the Oregonian reports. The new 1,000 megabit-per-second service is 40 times faster than the standard internet and costs $160 a month. By launching the service, Comcast delivered what Google Fiber failed to do in Portland.
Amazon project in Troutdale will bring 1,000 jobs
Amazon is planning a $178.4 million distribution center near Troutdale’s airport. The center will create 1,050 jobs in exchange for a $9.6 million tax break from the city, the Gresham Outlook reports. The distribution center will span 74 acres and 855,000-square feet.
Five additional solar projects sign up for incentive
The five small-scale projects bring the total number of the Solar Development Incentive program to 20, the Portland Business Journal reports. The projects are in Mahleur, Klamath, Jackson and Marion counties.
— Oregon Business (@OregonBusiness) May 31, 2017
Trump expected to pull out of Paris agreement
Multiple sources say the President is making good on his campaign promise to withdraw the U.S. from the Paris climate accord, the New York Times reports. The 2015 agreement committed most nations to curbing global warming. The decision is the latest in a string of blows to climate change efforts.
Pendleton president retires
— Oregon Business (@OregonBusiness) May 30, 2017
Bank of Cascades purchase official
The Bend bank’s sale to First Interstate Bank closed Tuesday, the Bend Bulletin reports. Customers won’t notice the purchase until August when First Interstate begins making changes to infrastructure.
PacificSource profits soar
The Springfield-based health plan announced first-quarter profits of $9 million, the Register Guard reports. Last year in the first quarter, PacificSource had a pre-tax loss of $400,000. Legacy Health acquired 50% of the health plan last year.