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Portland Business Journal
Historic downtown Portland building changes hands
Philanthropic organization Seeding Justice is now a downtown Portland building owner after receiving a donation of a four-story, historic building that it will transform into a hub for grassroots organizations working for social justice. <\p> Known as the Postal Building, it stands at 510 S.W. Third Ave. The 38,000-square-foot building is recognizable with the flagship Killer Burger restaurant on the ground floor. The group plans to establish the building as the Center for Social Justice. <\p>
Amazon CEO implements sweeping back-to-office change
Amazon CEO Andy Jassy is calling workers back to the office five days per week, per a memo sent to company employees Monday. The change, from three days a week, is effective Jan. 2. <\p> "When we look back over the last five years, we continue to believe that the advantages of being together in the office are significant," Jassy wrote. "If anything, the last 15 months we’ve been back in the office at least three days a week has strengthened our conviction about the benefits." <\p>
Intel reveals foundry split plan, AWS deal
CEO Pat Gelsinger said Intel will make Intel Foundry an "independent subsidiary" but keep it within the company as it works to build confidence that an ambitious manufacturing strategy can succeed.<\p> Gelsinger, in a publicly released message to employees on Monday, also said Intel (Nasdaq: INTC) would pause projects in Poland and Germany for about two years and slow the startup of a new Malaysia factory, but would stay the course on its U.S. expansion plans.<\p>
Another ex-Ruby executive joins tech firm C-suite
Software maker SheerID has named an industry sales vet its revenue chief as new CEO Stephanie Copeland Weber builds out her management team. <\p> Rebecca Grimes was tapped as chief revenue officer. The role has been redesigned to focus on the company’s go-to-market strategy that emphasizes both new customers and growing recurring revenue within customers. <\p>
Dutch Bros' Oregon downsizing continues
Grants Pass-based Dutch Bros is shrinking its Southern Oregon footprint by donating a downtown Grants Pass headquarters building to a nonprofit.<\p> The building, one of two headquarters sites in the Southern Oregon town, will become the home of Oregon Center for Creative Learning. The donation is expected to be finalized by the end of the year, the company said in a statement.<\p>
Lattice Semiconductor names new CEO
Lattice Semiconductor (Nasdaq: LSCC) on Monday named Ford Tamer, who oversaw dramatic growth in a nine-year Silicon Valley leadership stint that ended in 2021, as its new CEO.<\p> Hillsboro-based Lattice had been searching for a permanent CEO since Jim Anderson's exit jarred the company in June. Lattice shares fell 40% since then but were up 12% in late trading Monday on the Tamer announcement.<\p>
Why the US is giving Intel another $3B
Intel may be struggling, but the U.S. government is keeping the faith.<\p> The Biden administration on Monday announced up to $3 billion in direct funding to the company to support chipmaking for the Defense Department in a program called "Secure Enclave."<\p>
Feds sue Pamplin for alleged pension violations
The U.S. Department of Labor last week filed a lawsuit against Robert Pamplin Jr. and his R.B. Pamplin Corp. on allegations of pension fund abuse.<\p> In 2019, the Department of Labor’s Employee Benefits Security Administration began investigating the company and found that it violated the Employee Retirement Income Security act when its pension plan “unlawfully acquired interests in more than 20 company-owned properties.” <\p>
Five Things to Know: Fastest-growing firms and Portland food news
Good morning. The Beavers-Ducks game is over and so are the Emmys, but there is some good stuff to look forward to this week. Here are Five Things to Know to get us started.<\p> The PBJ was growth-minded last week as it revealed its annual Private 100 list of fastest-growing companies. The winner this year, after we revamped ranking criteria, is a big company that got much, much bigger.<\p>
Japanese restaurant reopens on NW 23rd
Japanese restaurant Takibi reopened last week with a revamped menu and plans for a ramen cart later this fall. <\p> The restaurant, which is attached to the North American headquarters of Japanese camping brand Snow Peak, closed in January following a chimney fire. The restaurant is at 2275 N.W. Flanders St., is just off Northwest 23rd Avenue.<\p>
These 100 companies grew revenue by $6 billion since 2021
This year's Private 100 is significantly different from prior years because we adjusted the methodology and qualification requirements, in order to honor some of the more established fast-growing companies that largely power the local economy and employ lots of workers.<\p> As always, three years of revenue were provided by the participants in our survey but we raised the minimum for the first year of revenue (2021) from the longstanding $250,000 to $500,000 this year. We instituted a new additional revenue threshold for the final year of revenue (2023) of $1 million.<\p>
Here's what's next as Kroger-Albertsons FTC trial wraps
Federal regulators rested their case in the Kroger-Albertsons antitrust trial on Friday afternoon with a battle-of-the-experts capping off three weeks of testimony.<\p> The Federal Trade Commission, which sued the two grocery giants in U.S. District Court in Portland, called three rebuttal witnesses to drive home the agency's argument that the merger would reduce competition and lead to negative fallout for consumers and workers.<\p>
Shared e-scooter usage remains strong in Portland
In August, Portland's transportation bureau touted its new contracts for shared e-scooters, calling the agreements the dawn of a "new transportation era."<\p> Sure, the contracts are noteworthy: Lyft and Lime will continue to oversee the programs as Portland will offer as many as 3,500 e-scooters on its streets. The Portland Bureau of Transportation also requires the companies to offer scooters with seats, making them more accessible.<\p>
6-year-old Nike lawsuit may be nearing trial
The judge presiding over the gender pay inequity lawsuit against Nike is pressing both parties to wrap up discovery and plan for a trial in late spring 2025. The lawsuit has been ongoing for more than six years, and the docket has collected more than 500 filings since 2018.<\p> In a Sept. 10 order, Judge Amy Baggio asked both Nike and the four plaintiffs suing on allegations of sexual harassment and gender pay inequity to file “a joint status report on the current state of discovery that lists any disagreement in bullet point format.” <\p>
$34.5M housing project named after prominent Black historian
A new building honoring a Portland community leader looks to offer affordable options in the city's Overlook neighborhood.<\p> The Dr. Darrell Millner Building is a six-story structure that honors the scholar and educator who's an expert on the history of Oregon's Black communities. The building opened Thursday at 5050 N. Interstate Ave.<\p>
New food cart pod planned for downtown
Brothers Maher and Nader Makboul are bringing a new food cart pod to downtown Portland on property that has been in the family for decades. <\p> Currently, they own and operate Mak’s Mini Mart at 616 S.W. College St. on the edge of the Portland State University Campus. The property includes a nearly 30-space parking lot that the brothers have renovated to accommodate food carts, said Maher Makboul. <\p>
Fully remote jobs are disappearing, creating new workplace dynamics
Editor’s Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> The pandemic brought about widespread remote work, but those days are nearing an end as employers push for more in-office work. <\p>
America's most competitive job markets in 2024
The job market may be slowing but there is still intense competition for jobs. A lot depends on where you are applying.<\p> A new report from Resume.io calculated the average number of applicants job ads receive within one week of being posted on LinkedIn Jobs in 122 global cities and every U.S. state. It compared those figures to 2023 data to find the most competitive places for jobs.<\p>
Can Joy Bombs wake up Oregon edibles?
Sure, the name — Joy Bombs — stood out.<\p> But there was more to the edibles product that Nimble Distro co-founder and CEO Joy Hudson spotted on a "scouting trip" of New Mexico cannabis shops with Marissa Rodriguez, the Milwaukie company's co-founder and chief operating officer.<\p>
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