Oregon’s “all funds” budget to drop $3B
Economists predict that less federal spending will lead to a 7% decrease for 2011-2013 in Oregon’s “all funds” budget.
High Five
SolarWorld provides Vestas HQ panels
SolarWorld is providing a 112-kilowatt solar panel system for Vestas’ new North American headquarters building.
LaCrosse Footwear reports mixed results
LaCrosse Footwear of Portland reported mixed quarterly results, partially due to fluctuating military contracts for their Danner brand boots.
Columbia River Crossing funding has major hole
The Columbia River Crossing’s finance plan has a half-a-billion-dollar hole because it relies on outdated traffic projections, says an analysis by the Oregon Treasury.
Federal government makes Lane County mortgage payments
The federal government is making a year’s worth of mortgage payments for about 500 Lane County families.
Portland bureau hiring again
Portland’s Bureau of Development Services is hiring again, after laying off 150 employees
—nearly half its workforce
—in 2009.
Portland begins budget mapping
Under pressure from East Portland community leaders, Mayor Sam Adams has asked his budget staff to track where city funds and services are used.
Intel’s quarter tops expectations
Intel Corp. said its latest quarter results were stronger than expected, but the PC business is still weak.
Oregon exporting more to China
Trade between Oregon and China is growing rapidly, with many West Coast goods being exported to China.
Portland’s eastside streetcar project delayed
Portland’s $148.3 million eastside streetcar project is being delayed by five months, and will now include five streetcars instead of six.