Archive for April 2024
Oregon Pacific Bank Supports Local Community Development with Member Impact Fund Grants
Florence, Ore., April 30, 2024 — Oregon Pacific Bank is proud to announce its support for local community development through its participation in the Federal Home Loan Bank of Des Moines (FHLB Des Moines) Member Impact Fund. This matching grant program is designed to offer eligible organizations critical financial support for affordable housing and community development…
Read MoreCitizens Bank partners with Federal Home Loan Bank of Des Moines to award $24,000 in Member Impact Fund Grants
Grant program supports affordable housing and community development. CORVALLIS, Ore, April 30, 2024 – Citizens Bank has partnered with the Federal Home Loan Bank (FHLB) of Des Moines to provide $24,000 in grants from the FHLB Des Moines Member Impact Fund to the Boys & Girls Club of Corvallis and Community Outreach Inc. This matching grant program, which was introduced…
Read MoreBreaking Down the FTC Rule Banning Non-Competes: What Employers Need to Know
Labor, Employment & Benefits Legal Update April 30, 2024 The Federal Trade Commission (FTC) has voted to publish its final rule banning most worker non-compete agreements. If and when the rule becomes effective, it will ban non-competes going forward. It will also prevent businesses from enforcing existing non-competes, with some limited exceptions for a narrowly defined class…
Read MoreNew Funding Will Invest in Promising Oregon Technology and Science Startups
Today Business Oregon and its Oregon Innovation Council announced a $4 million awardto the Portland Seed Fund that will provide investments in early-stage Oregon businessesthrough the Intrepid Oregon Fund. Portland Seed Fund (PSF) was selected to manage Business Oregon’sCommercialization Gap Fund III and the $4 million associated with it. The program isfocused on providing capital…
Read MoreLithia & Driveway (LAD) Reports Record First Quarter Revenue of $8.6 billion, 23% Increase
Announces Dividend of $0.53 per Share for First Quarter MEDFORD, Ore., April 24, 2024 /PRNewswire/ — Lithia & Driveway (NYSE: LAD) today reported the highest first quarter revenue in company history. First quarter 2024 revenue increased 23% to $8.6 billion from $7.0 billion in the first quarter of 2023. First quarter 2024 net income attributable to LAD per diluted share was $5.89, a 29%…
Read MoreOregon’s Wild Harvest Receives Emerging Opportunity Fund Award
Business Oregon Director, Sophorn Cheang, and staff met with Pam Martin-Buresch, Co-Founder of Oregon’s Wild Harvest to congratulate her on a $212,200 Emerging Opportunity Fund award. The funding will assist this top-quality herbal medicine company with further investments in innovative product quality assurance testing and processing equipment. Oregon’s Wild Harvest is a key company in Redmond, Oregon…
Read MorePBCO Financial Corporation Reports Q1 2024 Earnings
Medford, Oregon – April 17, 2024 – PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported net income of $1.7 million and earnings per diluted share of $0.31 for the quarter ended March 31, 2024, compared to a loss of $3.90 million and -$0.73 per diluted share for…
Read MoreOregon’s Nonfarm Payroll Employment Rises by 1,400 in March
In March, Oregon’s seasonally adjusted nonfarm payroll employment rose by 1,400 jobs,following a revised gain of 2,800 jobs in February. March’s gains were largest in professionaland business services (+2,400 jobs); government (+1,000); and wholesale trade (+600).Monthly declines were largest in construction (-2,300 jobs); retail trade (-600); andmanufacturing (-600). Hiring trends diverged during the first three…
Read MoreBusiness Oregon and Oregon InC Award $2.6 Million to Support Oregon Innovators
Business Oregon and the Oregon Innovation Council (Oregon InC) are pleased toannounce the recipients of the 2024-2025 Regional Innovation Hub Grants. RegionalInnovation Hubs provide technical assistance, capital, networking, mentorship, and talentdevelopment to innovation-based entrepreneurs statewide. Regional Innovation Hub grantfunding supports these Hubs in continuing their work assisting entrepreneurs withinnovation-based business concepts across varied industry sectors…
Read MoreBalancing Human Skills in the Workplace With Hard Skills to Produce Leaders Who Shine
THE ONE MINUTE TAKEAWAYFinding leaders who have an ideal mix of human skills and technical or work skills is difficult. But through training, coaching and reinforcement of good behaviors, organizations can develop leaders who are technically skilled, empathetic and able to improve employee performance and wellbeing. HR executives know all about employer-rating lists like “Best…
Read MoreBusiness Oregon Awards $3 Million to Support Small Business Growth
Business Oregon is pleased to announce an award of $3 million to 15 currently operating Small Business Development Centers (SBDCs) to improve their services to Oregon small businesses. The SBDCs assist clients with business plan preparation, financial management, personnel management, and marketing. The SBDCs also help facilitate access to capital by bridging the gap between…
Read MoreOregon’s Broadband Assistance Program Announces Intent toAward
The Oregon Broadband Office is pleased to announce the awardees of the BroadbandTechnical Assistance Program (BTAP) grants of up to $150,000 per county which canbe used for eligible broadband planning and pre-construction activities, staffing, andgrant application support. $1.5 million will be distributed to 11 projects to prepare forbroadband infrastructure. “This is a great way to…
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