October 2011 eCon Update

Dear Reader,

Economic development frequently requires involvement in activities that strengthen the overall business environment--efforts in addition to the obvious ones of recruiting companies and helping existing firms expand. With that in mind, we hope you find the city/county updates below from each of our regional managers insightful. 

We kick off our bi-monthly newsletter with the Bend Venture Conference, just two weeks away. At one level, BVC is a fun event that showcases the considerable entrepreneurial talent in our region.  But at a deeper level, it's about pushing innovation and inventing a new Central Oregon economy. You won't want to miss it!   

Gray

Highlights of the Bend Venture Conference

BVC heads for largest raise ever: As of September 27th, the investment arm of the Conference has reached $200K, and expects to exceed that amount. An unprecedented number of investors have contributed $160K and, for the first time, there is a $40K match from the Oregon Growth Account (OGA). BVC logo

Stay tuned for Launch Stage companies: Later this week we'll announce our five Launch Stage finalists. For the last month, a core group of investors have met, challenged and vetted the 24 Launch Stage applicants--all in order to pick the best of these startups to proceed to BVC. Only one lucky winner will win the investment prize.

PubTalk selects six great concept companies: In its new category for Concept Stage companies, the field of 24 candidates was first narrowed to the top 12. Then on September 22 the 100+ PubTalk audience selected the top six to advance to BVC, where they compete for a $10K grant. 

The concepts range from an audio solution to pronounce difficult names, a social media optimization service for small business, a new healthcare approach to encourage physical exercise, an iPad app for paramedics, an innovative tire system for snow traction, and an e-commerce site selling scooters to boys 8-14. More info about the six finalists here.   

Expert to enlighten us about business accelerators: Keynote speaker Andy Sack is Executive Director of TechStars Seattle, Andy Sack TechStars Seattleconsidered by TechCrunch to be #1 business accelerator. Sack is a tech entrepreneur, a mentor, an angel investor, and a dynamo of activity. You won't want to miss his keynote address.

Can't make it to the Friday Conference? Consider participating in Thursday activities on a stand-alone basis:

  • Three informative seminars touch on timely topics: business planning with Palo Alto Software, research commercialization with Oregon's signature research labs, and valuation with Schwabe, Williamson & Wyatt.
  • Attend the irreverent and fun unConference, sponsored by the Tech Alliance and TechSpace Bend. Street food and beer mix well with impromptu topics (e.g. lessons of entrepreneurship) from local tech experts.
  • Networking reception at the Broken Top Club. Investors, prior BVC winners, entrepreneurs, and business professionals mingle on the evening before the big Conference.

Don't need anymore convincing? Register here.


 Bend Business News

Below are two great examples of small, but dynamic, companies EDCO is working with that are diversifying Bend's economy.  
  • GeoSpatial application in useLong time Bend business Geospatial Solutions (GSS) is gearing up for growth. The five person company, which provides technology services and mapping solutions to water suppliers in five western states, recently received a $20,000 Deschutes County forgivable loan. The funds will be used to support a five year plan that adds 16 employees, produces a new web-based platform, and increases its subscriber base from 30 to 300 users.  
  • The words entrepreneurial and healthcare don't usually go together, but at Vantage Clinical Solutions it's their mission statement - improving healthcare through entrepreneurship. The seven employee company, started by two former clinicians, supports existing small clinics and partners with start up clinics around the country to provide new healthcare practices, programs, and services.             

Gary Judd, Manager of the Bend Municipal Airport, tells us that one of the airport's two taxiways has been approved for an FAA grant which covers 95% of the estimated $3.6M in improvements. Taxiway A, which is currently in very poor condition, will be completely rebuilt and resurfaced; it will also be widened from 30' to 35', creating additional clearance to accommodate larger aircraft like the Gulfstream. Because the construction will be potentially disruptive, Judd will conduct additional meetings with airport tenants to finalize phasing of the project.

Redmond Business News
LMH Industries to hire 20-30 new employees: A REDI recruitment project, LMH Industries, which manufactures military and medical devices, announced they will hire an additional 20 to 30 new employees. The company, which started operations in March and currently employs 30 people, is looking for manufacturing personnel for product preparation, precision soldering and molding machine operation.  Contact Makency Hudson, 541-548-2800, to apply.
 

Redmond Zoning Map Redmond incents industrial development, jobs: The Redmond Downtown Urban Renewal Advisory Committee has approved a recommendation to the City Council to establish an "Industrial Opportunity Fund" that will provide forgivable loans to industrial development projects within the recently expanded Downtown Urban Renewal District. REDI assisted the group in developing the incentive that will use urban renewal funds to provide $2,500, $5,000 or $7,500 for each "new job" in Redmond (depending on compensation) to be used for industrial building projects within the District.

 

Improving child care in Redmond: The Redmond Child Care Alliance, a steering committee for the Redmond Child Care Network, has realized funding to sustain operations through fiscal year 2011-12. The Network provides immediate access to 12 Redmond child care facilities, which are committed to improving operational excellence and meeting the changing workforce demands for child care. "Thanks to several local and foundation grants and donations," REDI manager Jon Stark shared, "we are able to continue improving the quality child care delivery system in the Redmond community." For more information on the Redmond Child Care Network, contact Denise Hudson at Neighbor Impact at 541-548-2380 x 118.

From heating pellets to BBQ products: Pacific Pellet, a Redmond manufacturer of premium wood pellets used for heating homes, has diversified their product line by developing a new line of BBQ Pellets. Available in County Cherry, Mountain Maple, Northwest Apple, Pacific Alder, Rancher's Mesquite and Smoked Hickory, the new pellets add flavors to grilled items such as fish, chicken, pork and beef and are carried in many Central Oregon feed stores in Central Oregon.

 
Prineville | Crook County Business News
College students attend class in Prineville
Crook County Open Campus photoThe COCC/Crook County Open Campus Building is buzzing with activity. The satellite college facility is expected to serve over 300 students this fall term with classes ranging from math to psychology. The building officially opened its doors in August to a great community reception, and classes began September 19.

Facebook is expanding: With its first building nearly complete, facebook will begin construction this fall on another 300,000sf data center building. That means hundreds of construction jobs will stay in Prineville for another 12-15 months. Facebook currently has 54 full-time employees, and expects to add another 10 employees with the second building.

Highway improvements coming: Local leaders will vote in the next several months on a proposed long-term plan to deal with congestion and safety on highway 126 in Crook County. Local residents, business owners, and EDCO representatives have been working on plans to fix congested intersections - including Tom McCall Road, which serves as the main entrance for much of Prineville's industrial properties.

Madras | Jefferson County Business News
COCC Madras Education Center photo Madras welcomes COCC branch: The COCC Madras Education Center's ribbon cutting was September 17 with over 300 in attendance. Classes started on September 19 with nine classes for credit and a 65% enrollment rate. Eight non-credit courses will also be offered this fall term. 

Basalt company clears hurdles: Central Oregon Basalt Products (COPB) intends to mine deposits of high quality basalt to supply rail ballast and jetty rock (potentially for the rehabilitation project at the mouth of the Columbia River).  Also, basalt rock can be used to manufacture high-tech basalt fiber, similar in application to carbon fiber for many industrial uses. COPB will create 100 to 250 jobs, depending on which of its business components first gain traction. The company hopes to be operational this fall once a half-mile of BLM roadway is graveled. Jefferson County Commissioners, Congressman Walden, Senators Wyden and Merkley were instrumental in clearing hurdles to help make this business a reality.

Several Warm Springs Confederated Tribes projects progress:

  • A 30 Mw gasification plant is being vetted that will create more green energy and approximately 50 jobs.
  • The Unmanned Aerial Systems (UAS) project, which would provide a testing area for aerial vehicle manufacturers, is being pursued aggressively, but the business arm of the Tribes must first overcome regulatory challenges, namely being granted status by the FAA as a public government entity.  While their initial request was denied, the Confederated Tribes intends to continue to pursue the designation based on other Tribes' experience. The UAS project has significant potential for job and revenue creation.
  • A green, bio-mass project is continuing to make progress by the developer with the goal of formalizing an announcement in the near future.

State funds improve Madras Airport: Madras Airport Connect Oregon III improvements are in their final phase of completion.  All weather navigation, runway lighting, ramp lighting and ramp paving will greatly enhance the usability of the airport.  

October Events of Interest
SharePoint icon 

Sat, Oct 1, Collaborate! Sharepoint Saturday
SharePoint Saturday Bend is an educational, informative, and lively day filled with sessions from respected SharePoint professionals and MVPs, covering a wide variety of SharePoint- oriented topics from beginning to advanced knowledge levels. There are four tracks: SharePoint 101, IT Pro/Admin, End User, and Developer. SharePoint Saturday Bend is FREE, open to the public and is your local chance to immerse yourself in SharePoint. More details and registration information.  

Tues, Oct 4, Production & Inventory Management Certification  
The Portland Chapter of the Association for Operation Management is bringing its quality Certified Production and Inventory Management program to Central Oregon. The program is essential for those involved in production and inventory management, operations, supply chain management, procurement, materials management and purchasing. Classes start October 4 at COCC. You'll find more information and registration details here.    

Wed, Oct 5, It's in The Bag: Bamboo Capitalism
Julie Elston photoChina is a dynamic emerging market, forecasted to surpass the US economy in size by 2016. In OSU-Cascades' first "It's in the Bag" series of the academic year, international business professor Julie Ann Elston will address China's economic prowess in a presentation titled "Bamboo Capitalism: The Economic Rise of China in the 21st Century".

In 2008, Dr. Elston was selected as a Fulbright Scholar to study the impact of science on policy formation in the European Union. As a regular contributor to the field of entrepreneurship, Elston serves as an associate editor of the Small Business Economics Journal. This brown bag event is noon to 1:00 p.m. at Cascades Hall, Room 118, College Way, in Bend.  

Fri, Oct 14, The Bend Venture Conference (BVC)
Now in its eight year, the BVC showcases the most investment-ready entrepreneurs in Central Oregon and the State of Oregon. New this year is the Concept Stage grant of $10K, which supplements the $200K Launch Stage prize, and creates two categories of competition.  Business professionals, investors, and those who want to boost entrepreneurial strength in Central Oregon are encouraged to attend the full day event at the historic Tower Theatre. Cost is $199 and includes value-added events on Thursday.  See top of the newsletter for more details or go to www.bendvc.com.   

HiDEC logo Fri, Oct 28, Unleash the Creative Potential Dormant Inside Each Worker
The High Desert Enterprise Consortium  (HiDEC) will feature Norman Bodeck at its October 27 Executive Forum. Called "Mr. Productivity" by Industry Week Magazine and "Mr. Lean" by Quality Progress Magazine, both are tributes to Bodeck's 30 year history of studying quality improvement and productivity growth. His most powerful discovery, he maintains, is the way Toyota and other Japanese companies opened the infinite creative potential often lying dormant inside every single worker. This will be his subject on October 28 from 9:00 am to noon.     

Thanks to Renewing EDCO Members
Individual Level: Alpine Real Estate, Mary Stratton (2004), SCORE (2004) 

Bronze Level: 14 Hands (2008), Amerititle (1999), Benchmark Real Estate (2008), CLS Fabrication (2010), Express Employment Professionals (1987), Freund/Spencer Investment Group, LLC (2010), Jones & Roth, P.C. (1996), Nexant (2010), PNWRelo (2007), Redmond Spokesman (1987), R&H Construction (2005), R n D Consulting (2008), Steele Associates (1999), Strategic Realty (2010), Westberg Consulting (2010)

Silver Level: Beecher Carlson (1987), Facebook Data Center (2010), Oregon Resort Acquisition Partners (1987), Skanska (2010), Structus Building Technologies (2005), The Garner Group (2008), US Allegiance (2004)

Financial Institutions: Selco Community Credit Union (2001)

Gold Level: GL Solutions (2004), Mt. Bachelor (2009), The Bulletin (1987)

Platinum Level: St. Charles Health System (1986)  

 Feedback
As a reader of the eCon Update, we know you are engaged in Central Oregon's economic future.  We value your comments and story ideas; please send those to Ruth Lindley


Pub Talk
Pub Talk » 

Find out about upcoming monthly PubTalk events that connect entrepreneurs and investors in Central Oregon.
Business Intelligence
Business Intelligence »

Click here for the most comprehensive statistical data, business info and links in the tri-county.
Maps
Maps »

Find the business and specialty maps you're looking for.
Economic Development for Central Oregon - 109 NW Greenwood Ave., Suite #102 Bend OR 97701
541-388-3236 Site Map - Contact Us