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Oregon Business News
Oregon Business News and Local Stories.
Fire Gutted Ashland Dairy Queen Scheduled for Spring Reopening
ASHLAND, Ore. — Ashland residents will have to wait until Spring to savor a “blizzard” at their local Dairy Queen, which was razed by fire last September, causing $1.5 million in damage.
The reopening date has been confirmed by Jason…
Oregon’s Semiconductor Industry Will Support Job Growth As More Federal Money Is Expected
With $50 billion in federal funding being made available as part of the CHIPS Act that was passed in 2022, semiconductor firms in Oregon will benefit, resulting in the growth of the number of jobs in this sector.
UPDATE: $10 Million In…
Portland Tech Firm Relocating To Lake Oswego As Safety Deteriorates In Central Eastside
PORTLAND, Ore. — Software company Trimble has announced that they are vacating their Central Eastside Industrial District offices and are moving to new premises in the summer. Going with them are about 400 jobs.
Colorado-based Trimble…
200,000 Acres of Oregon Timberland Makes Chinese Billionaire Second Largest Foreign Landowner
The Land Report- a Dallas-based quarterly magazine that lists the top 100 private landowners annually published a report on January 9 revealing that Chinese billionaire Tianqiao Chen, is the owner of swathes of forestland across Oregon-…
Layoff Fears for Dutch Bros Employees in Grants Pass
GRANTS PASS, Ore. — It has come to light that Dutch Bros. Corporate intends to move forty percent of its company to Phoenix, Arizona. According to NewsWatch 12, the company intends to expand into Arizona by January 1, 2025. Its headquarters…
TriMet MAX Could Set New Closure Record: Return Of Service Hampered By Storms
PORTLAND, Ore. — TriMets' Green Line light train rails have not been running for three days, since Monday, January 15. Crews are hard at work on the ice and fallen trees on the tracks, but storms are making their work challenging.
With…
CHIPS Act Funding of $72 Million Allocated To Oregon’s MicroChip Will Expand Gresham Factory
The CHIPS and Science Act- passed in 2022 is set to start making progress in the local semiconductor ecosystem. Severe semiconductor supply chain disruption that resulted in a drop in supply internationally from 40% in 1990 to the current…
Oregon Wildfire Victims Settle for $299 Million in Lawsuit Against PacifiCorp
When the Archie Creek Fire was started in 2020, roughly 170 homes were destroyed and 130,000 acres were burned to the ground. Along with it came many, many lawsuits against PacifiCorp, the parent company of Oregon electric utility Pacific…
Oregon to get billions of dollars from Intel and the Federal Government
The state of Oregon is going benefit from US$ billions investment over the next few years as Intel, the chip manufacturer, recently announced that it will make significant investment in its Oregon operations. This will result in thousands…
Hillsboro Oregon Leads the Country in Technology Facilities with Primary Data Centers Up 78%
A report from commercial real estate firm CBRE has shown that Hillsboro, Oregon, has been leading the country in the construction of new primary data centers for the first half of 2023, lagging just behind Dallas, Texas, and the entirety of…