Nick’s Soul Food has announced a move from food truck to an indoor outskirts location that owner Nick Turner envisions as not only a spot for dining, but a venue as well.
In a social media post Turner writes, “The new location is located along Hwy 99, at the Finley Wildlife Preserve, and provides a beautiful setting of the small hills and beautiful fields that make Oregon so very special to me. I aim to not only continue to make the best soul food and bbq around, but expand into deeper southern food options and specials. The new space will allow for music and events of all kinds. We will serve beer, wine, and cider in the near future as well! The extra space means a ton for the future growth of not only the business but for the food scene in and around Corvallis and Monroe.”
Turner also says the new location will be at 27678 OR-99W, in what is J. Ballard’s Country Store.
Housing Inventory and Sales: If you’ve felt like there are not many homes on the market, you would be right. Samantha Alley of Re/Max Integrity Home Team tells us that December and January were very quiet on the real estate front. She also reported seeing a big drop in the number of active listings as we headed into February.
Even with the holidays, pickings have been slim these last months, and the start of this month did not look promising for prospective homebuyers seeking more choices.
Heading into February Corvallis showed only 48 active listings, 30 pending and 52 sold homes in the last three months. Albany was only somewhat better at 58 active listings, 68 pending and 105 homes sold in the last three months.
According to Alley a small interest rate drop and an increase in inventory re-energized buyers in the last week of January as 22 new listings came available in the 3 markets and 10 went under contract or pending. If we continue to see interest rate decreases over the next few months, the market will regain some of its pace and many of the buyers that have been waiting on the sidelines may decide to make their move.
February’s median home price was $592,000 in Corvallis, and $485,000 in Albany.
How to Pitch Your Business Class: A two session class teaching strategies on how to best story-tell your business to investors and others with confidence. This class is offered through the Small Business Development Center at Linn-Benton College. The fee is $89.
You will workshop communicating your business plan, financials and value proposition clearly – an individual 30 minute advising session for each participant is included.
Meets on Zoom, 6 to 7:30 pm, Wednesdays March 1 and 8. Click here to register.
Chamber of Commerce Success Events Series: Three separate events; March 1 brings a workshop on customer service and support, March 22 the topic shifts to building and heightening team unity, and the April 12 class moves to building a conscious company culture. Each individual class is $110, or $300 for all three.
Classes will be at the Chamber of Commerce office, 11:30 am to 1:30 pm. This is a Chamber member event, click here to register.
Corvallis Social @ The 257: Newly revitalized office spaces above, a new retailer below – the old Many Hands Trading building has had a serious makeover, and this is a chance to see it for yourself.
Billed as a special Downtown Corvallis Social, there will be food, drinks and music. It’s also a chance to meet-up with the building developer. Also on hand, the Chamber of Commerce committee focused on downtown. 4 to 8 pm, Wednesday, March 1 at 257 SW Madison Ave.
OSU Nonprofit & Public Service Fair: Meet representatives from over 50 nonprofit and local government organizations representing a wide variety of fields who are seeking OSU volunteers, interns, and employees. The 17th annual Non-Profit and Public Service Fair offers the chance to network with people who share your interests and passions and learn more about the many opportunities available in the nonprofit field. OSU has specifically encouraged the general public to also attend.
11 am to 3 pm, Wednesday, March 1, at the Memorial Union Ballroom. Click here for more info.
Oregon Lawmakers Debate Semiconductor Moves: As Oregon legislators debate how to spend about $200 million to grow the state’s semiconductor industry, an economic study predicts that those investments could add 35,000 jobs and nearly $3 billion in new revenue over the next 20 years.
The Legislature intends to pass a package of policy changes and funding proposals by mid-March, in time for the U.S. Department of Commerce to open applications for funding through the federal CHIPS and Science Act, which will provide almost $53 billion in grants and tax credits for semiconductor research and manufacturing.
Lawmakers and Gov. Tina Kotek are considering about $200 million in state business incentives, including forgivable loans. They’re also trying to ease barriers to building new facilities, as a recent survey found the state has fewer than 10,000 acres of land zoned for industrial uses and only about one-fifth of that land is ready for development.
That’s a far smaller investment than in some other states – New York recently pledged $5.5 billion in state incentives for a single computer chip factory, and Michigan has approved hundreds of millions in incentives intended to attract chip manufacturers.
But economists and legislators are bullish about Oregon’s chances of competing for federal funding and growing its semiconductor industry because of that sector’s long history in the state.
The computer and electronics sector makes up a greater share of Oregon’s economy than any other state’s, according to a study released this week by ECONorthwest, an economic consulting firm. The Oregon Business Council commissioned the study.
As a result, Oregon has a comparative advantage over other states, Mike Wilkerson, a partner at ECONorthwest, said during a press conference about the report.
“Leverage your existing strength to both retain and grow individual areas of strength,” he said. “No state is better positioned to do that than Oregon.”
Wilkerson’s study found that the state could recoup a hypothetical $100 million investment in the semiconductor industry within two years because of increased economic activity, including income taxes paid by businesses and semiconductor industry employees and the money those employees will spend elsewhere in the state.
Kotek’s proposed budget calls for $200 million in state lottery proceeds to be invested in a new “Opportunity Fund” for business incentives for advanced manufacturing, including, but not limited to, semiconductor manufacturing.
“Certainly the semiconductor folks are out of the gate first, but we need to support advanced manufacturing writ large in our state,” Kotek said during a press conference after announcing her proposed budget last month. “I’m really focused on supporting our in-state employers who are perhaps in the supply chain in advanced manufacturing or semiconductors, people who are already here.”
A draft legislative proposal also calls for $200 million for an opportunity fund that would create forgivable loans for businesses, though the money would come from the state’s reserves in the Rainy Day Fund in the legislative proposal. The Legislature is also seeking $10 million for universities for semiconductor research and training.
The legislative proposal would give Kotek executive authority to identify suitable land adjacent to urban growth boundaries – the invisible state-approved line around cities that limits where they can grow – and work with local officials to rezone it for semiconductor or manufacturing use. If projects don’t start by an agreed-on date, the land would revert back to its original zoning.
But members of the Legislature’s bipartisan semiconductor committee, including Rep. Ed Diehl, R-Stayton, said the finished proposal also needs tax credits for investment and research and development.
“They need to be in there if we stand a chance of getting this work, and they should be competitive with our neighbors,” Diehl said.
Rep. Janelle Bynum, D-Clackamas and one of the semiconductor committee’s co-chairs, agreed that research and development tax credits need to be part of the proposal.
Lawmakers are considering one proposal for increased corporate income tax credits for research and development, but Sen. Mark Meek, D-Gladstone and chair of the Senate committee that will decide whether that proposal advances, said it needs to be more tailored to semiconductors and last for a limited time. As written, it could cost the state $50 million to $80 million annually, he said.
Republicans also described concerns that the proposal would let companies receive forgivable loans for partnering with universities, specifically historically Black colleges and universities, that don’t have to be in Oregon. Bynum said one of the goals of the federal funding is to get more people from underrepresented backgrounds working in the semiconductor industry, and the state’s loan would help companies like Intel that bring interns and fellows from historically Black schools to Oregon. That includes students who grew up in Oregon and want to return, Bynum said.
Rep. Daniel Nguyen, D-Lake Oswego, said he isn’t sold on the idea of forgivable loans, which would require businesses to submit another set of applications to the state along with applications for federal funding. Instead, he said, businesses should come to the state and share what they need.
“I kind of envisioned this process being more like ‘Shark Tank,’” Nguyen said. “Give us your best pitch. Not everyone needs land. Not everyone needs cash. What they may need is other support.”
By Advocate Staff, with statehouse reporting from Julia Shumway of Oregon Capital Chronicle