Business

Friday, March 18, 2016

Business

Free Small Business Counseling at the Downtown Bend Public Library

Posted By Sherron Lumley on Fri, Mar 18, 2016 at 10:02 AM

Submitted by Liisa Sjoblom

Avoid time-consuming and costly mistakes by learning from someone who’s “been there, done that.” Continuing April 5, 2016, SCORE business counselors will be available every Tuesday from 5:30 to 7:30 p.m. for free one-on-one small business counseling in the Second Floor Tutor Room of the Downtown Bend Library. Individuals who operate or wish to start small businesses can discuss business planning, organization and start-up, finance, marketing and other critical business issues with SCORE volunteers in private, confidential sessions. No appointment necessary.

SCORE is a nonprofit association dedicated to educating entrepreneurs and helping small businesses start, grow, and succeed nationwide. They are a resource partner with the U.S. Small Business Administration (SBA) and have been mentoring small business owners for more than 40 years. For more information about Central Oregon SCORE please visit www.scorecentraloregon.org.

Session Dates:

Tuesday, April 5, 2016

Tuesday, April 12, 2016

Tuesday, April 19, 2016

Tuesday, April 26, 2016

Tags: SBA, SCORE, Bend Public Library, small business, Small Business Administration, start-up, marketing, finance, counseling

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Thursday, December 17, 2015

Business / News / Party

Karma is very real for Martin Shkreli

Posted By Jared Rasic on Thu, Dec 17, 2015 at 1:43 PM

Poor Martin Shkreli. The chief executive officer of Turing Pharmaceuticals and KaloBios Pharmaceuticals Inc is having one hell of a year. First he becomes the target of the American media and becomes the most hated man in the country for raising the price of life saving AIDS medication by 5000 percent.
Then he purchases the only copy of a legendary Wu-Tang Clan album for $2 Million, followed by the founder of Wu-Tang, RZA, openly speaking out against him just days later. Now Martin is beefing with RZA as the world watches and laughs.
But then today hits, in what some might call an early Christmas present to the world, Shkreli is arrested for fraud by the FBI. According to Reuters, the indictment says he made false representations to MSMB investors to draw in over 3 million in investments. To pay back investors Shkreli and an accomplice misappropriated 11 million in assets and sham investment deals. The truly sad part of the whole thing: now poor, poor Shkreli won't be able to see Star Wars tonight. Karma is real, America.. Be nice.
Just in case you think I'm being harsh, here is a quote from Shkreli when PDXhiphop.com asked him if he would consider sharing the Wu-Tang album with the world: " I’m not going to play it for no reason. If Taylor Swift wants to come over and suck my dick, I’ll play it for her" Classy all the way to prison.

Tags: Karma, Shkreli, Wu-Tang, RZA, Arrest

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Saturday, September 7, 2013

Business / City Council

City Will Re-Open Galveston/Riverside Intersection Sept. 17

Posted By Erin Rook on Sat, Sep 7, 2013 at 10:56 AM

After the re-opening of the Galveston/Riverside intersection on Sept. 17, traffic will flow more freely to Galveston Avenue businesses.

After the re-opening of the Galveston/Riverside intersection on Sept. 17, traffic will flow more freely to Galveston Avenue businesses.

The people spoke, and the City listened.

After hearing complaints from business owners at the Sept. 4 City Council meeting, the City announced Friday it will re-open the intersection of Galveston Avenue and Riverside Boulevard on Sept. 17.

10 Barrels Brewery partner Garret Wales told the Council the poorly publicized closure of the Galveston Bridge was having a dramatic effect on business.

Tags: 10 Barrel, Bend City Council, business, Galveston, traffic, Image

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Friday, February 10, 2012

News / Business

Jury rules Les Schwab violated wage laws

Les Schwab could be fined millions for violating Oregon wage laws

Posted By The Source Staff on Fri, Feb 10, 2012 at 7:54 PM

Les Schwab could be on the hook for millions of dollars in fines after a jury in Portland decided today that the company failed to appropriately compensate assistant managers for overtime work.

The Bend-based tire company pushed its assistant managers to work an average of 66 hours per week without receiving overtime pay, the jury ruled. Oregon’s wage laws require employers to pay workers time and a half for work outside of a standard 40-hour work week.

Leadership at Les Schwab has asserted that this law did not apply to assistant managers and they will appeal today’s verdict, according to statement released by the company.

Les Schwab is the second Oregon company in the news this week for alleged violations of labor-related laws. Typhoon! closed all five of its restaurants and all other aspects of its business last weekend after Oregon’s Bureau of Labor and Industry filed charges against the company for its treatment of employees recruited from Thailand.

A determination of the amount Les Schwab owes to the more than 200 assistant managers involved in the legal action should be paid in the coming months.

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Defaults / Business

BOTC Pledges a Billion in Local Lending

Posted By The Source Staff on Fri, Feb 10, 2012 at 5:53 AM

Bank of the Cascades announced Thursday that it is pledging to make a billion dollar's worth of loans to small businesses and other customers in its Oregon and Idaho markets over the next three years.

New CEO Terry Zink, who recently took over the leadership of the Bend-based Bank from longtime CEO Patti Moss, said in a press release that the decision to commit to the aggressive lending strategy was based on the bank’s belief that increased lending is key to the region’s economic recovery.

“We know that business lending creates jobs and strengthens our local ecomonies. As a community bank, that’s exactly what we do. We invest in our communities and the people who live here,” Zink said in a press release.

Like other banks in the region, and across the country, BOTC was heavily hit by the housing collapse and flirted with insolvency just a few years ago. However, a successful stock sale has left the bank well capitalized and ready to lend, according to Zink.

However, the company is still dealing with so-called toxic assets and reported a $54 million loss in the third quarter because of charge offs related to non-performing loans (defaults). The company's stock closed at $5.47 yesterday, down from a 52 week high of $12.58, but above the low of $3.50