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May 2008 eCon Update

Two new incentive zones approved for Central Oregon

OregonCountyMap.jpgEDCO now has two additional tools in its chest to attract new traded-sector employers to the region and to help existing manufacturing, high tech and headquarter operations grow. On April 29, the Oregon Economic & Community Development Department approved a new Enterprise Zone for rural Deschutes County that includes the City of La Pine and the Bend Airport. That same day, a new Rural Renewable Energy Development Zone was approved for all of Crook County which will help to attract new energy production from wind, biomass, solar, geothermal, and other alternative sources. Benefits to companies of both programs are 3-5 year property tax exemptions on new capital investments including buildings and certain types of equipment. EDCO led the way by preparing both zone applications, which could pave the way to more than $180 million in future private investment in the region and hundreds of new, well-paying jobs. Read the full EDCO press release. 


Jefferson County Economic Development Summit slated for May 19

Jefferson CountyLast month the EDCO Board of Directors met in Madras to discuss the interest of Jefferson County, the Madras/Jefferson County Chamber of Commerce, and other businesses in the area to establish a new, local economic development effort similar to that implemented by EDCO in Prineville/Crook County last year.   Following some excellent discussion, it was agreed to hold a follow up meeting to better define expected outcomes, oversight and logistical issues. A targeted list of 50+ key local leaders from both the private and public sectors has been invited to the summit, which will be held at The Inn at Cross Keys on May 19, 12:00 noon to 2:00 pm. If you have an interest in attending, please email Dayna or call 541-388-3236 for space availability.   


Prineville teacher receives the nation’s highest educational honor

Mike Geisen, a seventh-grade science teacher at Crook County Middle School, celebrated the honor with President Bush during a ceremony at the White House April 30th. The 35-year-old Geisen started his career as a forester, but wasn’t passionate about his job. Instead, he felt inspiring the minds of children was more up his alley. “Innovation, ingenuity and people skills such as compassion and collaboration are just as important as math, reading and writing,” Geisen said. Geisen plans to continue teaching, but will take the next year traveling around the country, speaking about teaching and learning. He is the first Oregon teacher since 1978 to receive the honor, which was also bestowed on another Central Oregon educator and elementary teacher in Bend.  


CentralOregonProfileCoverForWeb.jpgThree new area Profiles released

We expect our three new Profiles – Central Oregon Area, Redmond, and Prineville – from the printer on Friday, May 9 and will be calling businesses and individuals who pre-ordered next week. This is the first year for the Prineville Profile.  If would like to order copies or need additional quantities, please email Ruth Lindley or call EDCO offices at 541-388-3236. 

 


Warm Springs Composite Products reaches new heights - literally

Central Oregon is home to many successful companies that sell their products worldwide.  But, when a company lands the contract to supply the world's tallest building with their product, it is worth a mention.  Warm Springs Composite Products (WSCP), a Native American-owned manufacturer of innovative fire-rated components and materials, has won the contract to supply fire-rated components for architectural doors and frames to be used in the world’s tallest building, the Burj Dubai. The contract represents the biggest project ever for WSCP, surpassing the World Trade Center project in Bahrain.  “What matters to us is that it will have more than 3,000 openings for which fire-rated components are required,” says Duane Darnell, WSCP’s relaxed but hard-charging CEO. 

Known mostly for its fire-rated components and materials, the company's ability to diversify and find unique product niches has led to success. “We couldn’t be more proud of the technologies we’re developing here at Warm Springs and how that technology is making a name for itself, for the Tribes and for Oregon, both overseas and here in the States,” said Darnell.  WSCP also has a ballistics division that develops a wide range of bullet-proofing materials and a thriving business in specialized wood products.  “The things we’re doing in product development are really pretty sophisticated,” Darnell said, “probably not what the average person thinks is happening down here on the Reservation.”   Read more.
 


Are there really "recession-proof" places?

Business consultant Mark Hovind thinks so. Hovind used data from the Bureau of Labor Statistics to isolate about two-dozen areas where job growth outpaced work force growth during 1990 and 2001 recessions, figuring they'd be likely to fare better in another downturn. Among the metropolitan areas making his list were Prescott, Ariz.; Fayetteville, Ark.; Bakersfield, Calif.; Grand Junction, Colo.; Bend, Ore.; Valdosta, Ga.; and Morgantown, W.Va. Each has an economy built around some industry — or mix of industries — that "don't follow the business cycle pattern," says Matt Martin, an economist with the Federal Reserve Bank's Charlotte office. They're regional health care centers, state capitals or university towns. Hovind says his use of the term "recession-proof" shouldn't be misconstrued as meaning a place is untouched by economic malaise. "It's not absolute. This is a continuous scale of gray," he says.


Bioscience industry consortium launches

BioscienceAbstractWeb.jpgThe Central Oregon Bioscience Industry Consortium (COBIC) held its first meeting on April 23 at the Bend Riverhouse Convention Center.  As a regional group organized by the Oregon Bioscience Association (OBA), COBIC’s primary mission is to promote the advancement of science-related organizations throughout Central Oregon. While originally conceived as a drug/device-centric consortium, COBIC welcomes alliances with the solar and green organizations also prevalent throughout the region. COBIC’s activities will include workforce training, networking, sharing employment opportunities, and advocacy, all of which will support OBA’s overall goal of industry growth throughout the state.

OBA members include industry and research organizations, entrepreneurs, investors, legal and accounting providers, and a growing array of other professional services. COBIC will actively leverage its knowledge base with the other regional organizations in the state, including the Willamette Valley Bioscience Industry Consortium (WVBIC), the Southern Oregon Bioscience Industry Consortium (SOBIC), the High Desert Enterprise Consortium (HIDEC), and the Portland-based OBA. See the OBA website for more information or contact Nick Campbell at 541-306-0701.  


Oregon Manufacturing Extension Partnership (OMEP) hires new Central Oregon representative 

Kleve Kee has joined the OMEP team as a Lean Enterprise Consultant to support Central Oregon.  OMEP is a not-for-profit team of manufacturing professionals based in Portland, who are experts in Lean Enterprise training and implementation.  Kleve has over 20 years of engineering, management, and consulting experience with companies dealing both in the private sector and governmental agencies.  Kleve received his undergraduate degree in Industrial Engineering from Oregon State University and an MBA from the University of Portland.  His education and experience make him an excellent resource for our Central Oregon business community.  Call or email Kleve at 541-350-7429 to schedule a (gratis) lean assessment or to learn more about OMEP services.  Additional information is available at the OMEP website


3.5 M funding for Prineville Railroad to help move freight in the region

Prineville Freight Depot.jpgThe City of Prineville Railroad received word of a big boost from the State of Oregon last week. $3.5 million funding through Connect Oregon II has been earmarked for the railroad for construction and development of the Freight Depot. The money will help the Freight Depot provide an important multi-modal transportation hub for the entire Central Oregon region, offering services that include transload, reload, storage, managed distribution, truck to truck transfer, and a heavy equipment ramp. The project was one of four that will benefit the region that made a short list recommended for approval by the Oregon Transportation Commission. Other projects include the intermodal facility in Bend, the aircraft operations base for Butler Aircraft at Madras Airport, and funding improvements at the Redmond Airport.    


Fontana opens doors in Prineville

After months of preparation, Fontana has officially opened for business in Prineville as of April 30. The truss-making company moved its operations from Redmond, bringing about 90 new jobs to Crook County. Fontana manufactures trusses and other wood structural components used in recreational vehicles, mobile homes, and other products. EDCO and local leaders in Prineville have worked for several years to help relocate the California-based company, assisting with logistics and permitting. Despite the downturn in the housing market, Fontana still plans to add 5-10 new employees over the next year.


Laid off wood products employees successful in finding new work

Since January 1st, Prineville has lost more than 150 jobs related to secondary wood products. Most of the secondary wood manufacturers in town have been forced to lay off workers due to the slowing housing market. Despite these unfortunate events there is a silver lining -- most of these workers were able to find other jobs on their own, or with help from the local employment office. While some found jobs in Prineville, most had to look elsewhere in the region.  No community likes to see job losses, but this serves as an important reminder that Central Oregon is increasingly a connected region, not just separate communities. An overall healthy economy in Central Oregon provides a cushion when one sector struggles through a downturn.  


Central Oregon Business Expo featured EDCO director as keynote speaker

Roger2008BusExpo.JPG.gifWhile much of the national media (and some local) has given considerable press to the current housing market, resulting credit implications and slowing U.S. economy, EDCO’s Director, Roger Lee, provided broader look at both strengths and weaknesses impacting tri-county businesses. Central Oregon has and will continue to lead the state in population, business and employment growth through the next decade.  However, EDCO is forecasting that the region will not go unscathed by the influence of the national economy, but will fare better than the U.S. in general.  In addition to an overview of economic trends, Lee provided some tips and resources to business on how they can prosper in any economic cycle. View the complete 50-slide presentation.


Redmond Executive Association answers questions on school bond measure

Have questions on the Redmond School Bond (Measure 9-56)? Find answers by viewing the Redmond Executive Association (REA) sponsored and televised forum on the issue. The comprehensive program, which included five panelists and was moderated by REA President Ed Fitch, addresses questions such as: Why now? What is going to happen to Evergreen School? The 60 minute program conducted on April 29 will be aired again on BendBroadband COTV Channel 11 on Sunday, 5/11 at 11:30 am and on Saturday 5/17 at 1:30 pm. A second televised program on the School Bond is “Inside the Redmond School Bond Proposal," a town hall topic of discussion on Talk of the Town, which airs each Monday now through May 19th at 7 pm on BendBroadband COTV Channel 11. Is your schedule unpredictable? Both shows can be viewed anytime on BendBroadband’s free local Video on Demand (VOD) on Digital Cable under COTV Programs.


Walk the Art Beat takes hold in Redmond

The Redmond Downtown Partnership (RDP) sponsored the first of four community art events this year, Walk the Art Beat, on Friday evening, April 25, coupling art with wine and entertainment. A plus, this first event highlighted student art including a special preview of photography from students in the Caldera program, which offers learning experiences for underserved youth. Participating merchants deemed the first event a success. “Customer comments were very positive and participating merchants indicated they are very happy and encouraged,” said Todd Dow of High Desert Gallery & Custom Framing.  Sandi Britz of Britz Beads Design Center added “sales were brisk and it was fun!” While enjoying the crowds, RDP Executive Director Susan Nobles said she couldn’t help but think “how different it will be at the Walk the Art Beat on June 27 when we no longer have so much vehicular traffic.”


JELD-WEN Tradition – a big boost to the regional economy as well as charities  

The annual JELD-WEN Tradition, an official event on the PGA TOUR’s Champions Tour, will be held August 11-17, 2008 at The Crosswater Club.  This is the second year the tournament will be hosted in Sunriver since it moved from Portland.  Local businesses have been heavily involved in planning since earlier this spring, knowing the tournament will increase visitors to Central Oregon, heighten business at restaurants and hotels, and generate contributions to charity. The tournament’s economic impact for Central Oregon is estimated to be $7 to 9 million, based on a commissioned study by the University of Oregon Warsaw School of Sports Marketing. All net proceeds from the tournament are directed to charity; the JELD-WEN Tradition foundation has donated $1.5 million to innovative educational charities over the last five years. The JELD-WEN tournament is presented by Umpqua Bank. Find out more.



Report on the business impact of travel just released

Hotel.jpg2007’s preliminary report from Dean Runyan Associates is now available.  The report describes both direct economic impact ($8.3 billion) as well as secondary effects associated with traveler spending for the state. In the tri-county area, more than a half a billion dollars ($558.3 million) is spent by travelers, creating 6,670 jobs and resulting in local tax receipts of $7.4 million. Compared to the state, travel-generated employment and earnings are disproportionate in the tri-county area.  Using Bureau of Labor Statistics data, Runyan estimates that 3.9% of Oregon workers are employed in the travel industry vs. 5.6% in the tri-county area. And how do these travelers spend their money? In Central Oregon, the number category is Food and Beverage Services (26.1%); followed by Accommodations (23.5%); and then roughly divided among the balance of Ground Transportation and Fuel (13.7%); Arts, Entertainment & Recreation (12.8%); Retail Sales (10.4%); and Food Stores (10.7%). Check out the detailed reports.


Karnopp Petersen forum encourages businesses to have a plan that adapts to a changing economy

Karnopp Peterson.jpgOn May 6, well over a hundred professionals and business owners turned out to learn from a panel of nine experts on how to better weather an economic downturn through advance preparation. When Alan Beaulieu, senior economist from the Institute of Trend Research, forecast a recession in late 2008 and into 2009 at EDCO’s February Annual Luncheon, Lorie Harris Hancock of Karnopp Petersen was inspired to develop a forum to provide regional businesses with practical advice from topic experts. At the event, panelists addressed a wide range of topics, including the need for financial valuation and inventory control, flex HR planning, and strategic use of downtime to refine processes and strengthen the organization. On the latter topic, Executive Journal’s weekly newsletter provided insightful perspective on how leadership requirements change during difficult economic times. Download your copy of the article here.  


Pinnacle Architecture’s traded sector business model demonstrates success, stability   


Pinnacle Architecture.jpgWith nearly 60% of their business coming from outside Central Oregon, Pinnacle Architecture has chosen a different path than local architectural firms or Portland-based regional companies. Peter Baer, owner of Pinnacle, credits Pinnacle’s steady growth to a business plan that provides stability during economic downturns.  He says the first tenet of their business plan is being at the geographic center of the state, which allows Pinnacle to serve all areas, including Northern California, quickly.  The second tenet is what Baer terms a “service culture” that emphasizes stable relationships and innovative solutions for smaller locales. “It’s easy to head to the big city and adopt the style and look of contemporary architecture; it’s not always easy for those big city businesses to head to the rest of the state, build the solid relationships to understand the life and needs in smaller communities.” 

The one downside of Pinnacle’s approach, Baer concedes, is name recognition. “It’s a paradox to be successful across the state, bring cash into Central Oregon, and yet be fairly unknown here.”  Baer praises EDCO for raising the visibility of regional issues such as transportation and for creating a forum for business involvement.  “We’re no longer just working on this big mission alone, now we’re connected to other local businesses that are committed to their staff and their community.”  Pinnacle is just completing projects in Roseburg, Mt. Vernon, and Hermiston.  New Projects underway include a city hall, fire station, and retail storefront in Enterprise, a library for Willamina, and three new banks in Washington for Columbia River Bank. 
 


Upcoming Events

May 8th, 22nd and June 5th – Leading with Courage

COCC is offering a three-workshop series entitled Leading with Courage. It’s designed for business leaders at all levels who want to get beyond business as usual – putting out fires or treading water. The series helps individuals identify their potential as a leader and works in a logical sequence: the power of vision, leveraging your own strengths, and how to create and lead your own dream team. An individualized mentoring session can also be added to the course cost.  

When          Thursday mornings, May 8th, May 22nd, June 5th – 8:00 am – Noon
Where         Bend BEC 151, COCC Campus
Cost           $299 (course code 25501)
Contact       Click for more information


May 15 – PubTalk keynote speaker Sam Carpenter, Centratel president, shares business inflection point

Central Oregon PubTalkA telecommunications professional, Carpenter has been a business owner for nearly 25 years and is author of the book Work the System: The Simple Mechanics of Working Less and Making More, published in April 2008. He is majority owner and president of Centratel, a telemessaging center serving over 900 clients throughout the U.S. and known for high levels of service quality. He'll share with PubTalk attendees key decisions that underpin Centratel's success, including a focus on a limited number of business sectors and documenting all aspects of clients' requirements.  Carpenter will also talk about a recent turning point in which he came to understand and apply the old adage "work smarter, not harder."

Early Stage Presenter is Dennis Kinion, founder and general manager of MedSoft, which seeks $300,000 in funding.  Founded in 1990, MedSoft provides complete benefits outsource services, including COBRA administration, FMLA, HIPAA, and retirement billing, taking the compliance headache out of HR administration for hospitals, clinics, and other professional health care providers.  
 

When            Thursday, May 15
Where           McMenamins, 720 Bond Street, downtown Bend
Cost             $15 for EDCO and OEN members; $25 general public
Contact         Contact Dayna, call 541-388-3236 or sign up online 


May 22 - The Bend Oregon Economic Forum

Join the University of Oregon at The Riverhouse Convention Center in Bend, Oregon for a fresh look at new developments in health care policy at the national, state, and local levels. Speakers at this lunch time event will include Jim Diegel, CEO, Cascade Community Healthcare, Barney Speight, Executive Director, Oregon Health Trust Board, JoAnn Lamphere, National Coordinator of the State Affairs Health & Long-Term Care, AARP, and Robin McKnight, Assistant Professor of Economics, University of Oregon.  Click here for more information.


When          Thursday, May 22, 11:30 am – 2:30 pm
Where         The Riverhouse Conference Center
Cost           $45/person or $320 for a table of eight
Contact       Register online


Renewing Members

Thanks to the following members who renewed their EDCO membership; your support continues to allow us to help local companies to expand and to recruit new companies that bring greater diversity to the region.

The Center – Silver member since 2007
CIDA, Inc. – Bronze member since 2003
The Iverson Group – Bronze member since 2006


New members

Over 75 people crowded into EDCO’s successful membership meeting April 24th at McMenamins to learn more about the organization’s mission and priorities. With the release of new regional data and a humorous take on how company recruitment really occurs, the session was informative for newcomers as well as established individuals from the business community.

Mike and Caprielle Lewis, owners of MPress Packaging in Redmond, described their exhaustive review of numerous western communities before settling on Central Oregon. The Lewises emphasized two key factors that pushed Central Oregon to the top of their search: comprehensive information provided by EDCO at every turn in the yearlong process as well as the solid connection they felt with their main EDCO contacts, Eric Strobel and Bud Prince, as they moved from inquiry to decision. Six new companies joined EDCO immediately following the event and we’d like to extend a warm welcome to them, several of whom are profiled below.  
 


Silver Level
HSW Builders

HSW Builders.pngGeneral contractors, HSW Builders of Central Oregon latest projects include the Mill Quarter, Vision Plaza, the new Les Schwab headquarters in Bend, the City of Bend Police Department headquarters, two Silver LEED certified building at NW Crossing, and other large scale projects changing the façade of the region. The three principals of the company -- Glenn Miller, Bret Matteis, and Gordon Crews -- formed the company, a division of the Howard S. Wright companies, four years ago. Prior to that, the three had been working construction in Central Oregon for the past 15-17 years, which enabled them to develop long-term relationships with sub-contractors and local vendors. 

Miller says one of the most exciting projects they are currently working on is the Les Schwab headquarters at Juniper Ridge. The cornerstone building of the industrial park “is the smoothest project I’ve ever worked on,” according to Miller. Breaking ground last September, construction crews were able to work steadily throughout the winter. With the first building near completion, HSW Builders is now breaking ground on the second building. Les Schwab is scheduled to move into their new space in November/December. Learn more about HSW Builders or call them at 388-9898.


Bronze Level
The Shop

TheShop.jpgLocated in Bend and Portland, Oregon, The Shop is a strategic think tank and a creative factory that works in a highly collaborative fashion with companies. Elicia Putnam, owner of The Shop says the agency is most passionate about helping companies find their true brand story and then cultivating their story in an authentic and compelling way. "We believe in the power of emotional connections that help companies create long-term loyalty and true sustainability even in highly competitive markets," says Putnam. She relays that The Shop specializes in the consumer goods, medical, banking, and real estate industries. Find out more about The Shop.   


LB Engineering

LB Engineering is a leading structural and civil engineering design firm in the tri-county area that specializes in design-build services for industrial, light industrial and commercial clients.  The company also does residential projects. Founded in 1995 by Lennie Brant, the company has grown to include 11 professionals and has expanded its client base across the Pacific Northwest. Clients include Les Schwab Tire Centers, Carlson Signs, Smith Brothers Push Rods, Bright Wood Corp., Taylor NW and other manufacturers as well as local and out of state commercial general contractors. One of the company’s most exciting recent projects is the current PV Powered redevelopment of the former Oregon Woodworking plant in Bend. For more information about LB Engineering’s services, call 541-317-2939. 


Nick Lapham - Principal, Juniper Management Advisors

Nicholas Lapham is a principal with Juniper Management Advisors, which offers a number of services, including positioning your company for sales, marketing consulting and planning your company’s goals. Prior to Juniper Management, Lapham spent fourteen years with a Fortune 200 consumer products company where he directed the successful launch of joint ventures in Korea, initiated and directed the acquisition of its largest competitor; and in Japan, where he negotiated all of the related joint venture agreements, and directed the launch of a major U.S. consumer brand. Lapham also has fourteen years experience in start-ups, from co-founding the first nationally distributed environmental magazine, to publishing the most extensive catalog of instructional-educational videos in the industry, and his turn-around and sale of a chain of coffee stores.  Visit their website for more information about JMA 


Central Oregon Association of Realtors - 10 individual memberships

A long time strategic partner with EDCO, Central Oregon Association of Realtors (COAR) has awarded its members with 10 individual level memberships to EDCO. The alliance between the two organizations unites the business knowledge of region’s realtors with EDCO’s economic development efforts.  Winners of the memberships will join EDCO committees and events to strengthen the overall strategic efforts in the region.  New COAR Members include:


EDCO BUSINESS DEVELOPMENT EFFORTS
DONE DEALS

Since the last update, Earth20 has consolidated its operations into its warehouse – a former Seaswirl production plant. According to company president, Steve Emery, the spring water bottler will realize improved efficiencies in the new facility that will enable the company to better complete on a global basis. EDCO assisted with a grant from lottery-funded, economic development-dedicated Opportunity Fund. Additionally, the company is utilizing Oregon’s Business Energy Tax Credits, otherwise known as BETC (Betsy) that will help offset some costs of one of the largest commercial solar power generation installations in the state. With the new investments have come additional jobs as the company has grown to 54 employees.

Pending a long process of relocation from Redmond to Prineville, Fontana Wood Products has moved into its renovated space at a former mill site just east of Prineville. The company, which produces wood trusses and components used in mobile homes and recreational vehicles, has approximately 90 jobs it will move to the community, which has seen a recent drop in wood products manufacturing employment. 


PENDING PROJECTS

Without breaching obligations of confidentiality, we want to make you aware of a few of our pending projects for the region – a section of the newsletter we update every other month. They include, but are not limited to: 

ODS Companies – progress continues on the new 88,000 SF combined ODS & Western Title office complex in the Old Mill District. The project will result in about 120 new combined jobs for both the dental hygiene school and claims processing center. EDCO began working on this project in 2005 and the company is expected to occupy the facility in December 2008. 

Another large scale, Class A office space is quickly taking shape – the new 125,000 SF Les Schwab headquarters in Bend. The company is expecting to occupy the facility in November of this year, and will initially have 320 employees there. All warehouse and distribution functions which employ more than 700 people in Prineville will remain in that community.  EDCO has assisted in this retention/expansion project also since 2005 with help site selection and incentives. 

A medical device manufacturer from southern California that has been seriously considering relocation to Bend has had to re-evaluate its interest in building a new facility that includes headquarter offices, research & development, assembly, and warehouse operations. The company is struggling with high construction and development costs, combined with relatively expensive light industrial land prices and relocation expenses. As an alternative to building new, the company principals are considering an attempt to find an existing building to meet their needs. The company employs 18-20 people at above average wages. 

GL Suite, a Bend-based software developer has also been re-evaluating its plans to build a new office and headquarters in Bend due to high construction costs. The company is now investigating options for existing office buildings that are available for sale. GL Suite continues to grow rapidly, and expects to nearly double its employment within the next year to 18 months.

Davenport Power continues its geothermal exploration near the Newberry Crater in southern Deschutes County with hopes of launching a new electric power generation plant. The company has already invested three years and several million dollars to get to this stage, which currently is development of several deep (8,000 ft!) test wells. The generation project, which if built, would represent a capital investment of at least $150 million and creation of 30 new jobs. 

EDCO continues to respond to new inquires from the Oregon Economic & Community Development Dept. for companies in the alternative/renewable energy industry. EDCO has prepared three detailed proposals in recent months expansion/relocation projects in the sector. Most of these projects, if sited here, would bring a significant number of well-paying jobs. 

PV Powered, the leading manufacturer of grid-tied solar power inverters in the U.S., has successfully negotiated lease terms for a new home for its growing operations. The former Oregon Woodworking facility in Bend which closed less than a year ago, will get a makeover into PV Powered’s combined headquarters, R & D, production and warehousing operation to serve customers across the world. The roughly 100,000 SF building is a considerable size upgrade to the company’s current operations, which have been shoehorned into three different buildings on the edge of Bend’s Old Mill District. Before year’s end, the company will erect a large commercial solar power array on the building’s roof, and ready other parts of the facility for its 50+ workforce, which is expected to double within 12 months.   

Bend-based G5 Search Marketing continues to grow its operations and team – adding a new employee each of the past 12 months to its current 25. The trend is expected to continue, as this software-based marketing company expands its reach and develops new markets. The company is looking for a new home, an office building to accommodate current and future growth.

Rock Solid Precast is in the final stages of moving from Bend to Prineville with its concrete casting operation. The company has leased space in Baldwin Industrial Park and is in the process of investing several hundred thousand dollars into new equipment for the casting process. Rock Solid will bring at least three new jobs to Prineville. 

At a time when the wood products industry has seen reduced demand for products, there are still expansion projects underway. Woodward Companies and the Prineville Sawmill invested nearly $1 million in a new small diameter sawmill and dry kilns to produce lumber. The project has already added most of the expected 20 new jobs. Meanwhile, Warm Springs Composites in Jefferson County continues to expand product lines and market share and is planning to occupy a portion of surplus space at neighboring Warm Springs Forest Products. The company’s innovative building products are being used across the globe – even construction of the world’s tallest skyscraper being built in Dubai. For more info on this story, click here.   

A Bend-based specialty manufacturer is looking to build or occupy a light industrial space roughly twice the size of its current operation, and accordingly is expecting to double its employment over the next two years. The company, which needs 3 to 5 acres, is considering limited location options in Bend, but may be forced to move to Redmond. EDCO is assisting with site location help and with possible state incentives for the project. 
 
Precise Flight, Central Oregon’s first aerospace company, is in the midst of a major expansion. The company has been developing a new line of products used by both the commercial and general aviation sectors that is fueling the growth. Precise Flight expects to need an additional 20,000-30,000 SF to fulfill orders – preferably at the Bend Airport where it has operated since 1980. Employment at the company which is currently 38, could grow by 50% within the next few years.  

Feedback 

Have a story idea? Want to let us know what you do or don’t like about the eCon Update? We love your feedback! Email Ruth Lindley.

 

 
109 NW Greenwood Ave., Suite 102, Bend, OR 97701 (541) 388-3236 or (800) 342-4135