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Portland Tribune LOOK FOR INVITATIONS TO BID AND PUBLIC NOTICES STARTING ON PAGE 14 FEBRUARY 23, 2016 FEBRUARY EXPORT-IMPORT BANK CREATING Business U.S. JOBS Tribune BY JOHN M. VINCENT TEKTRONIX WEFUNDER TURNS 70 TAKES AMTRAK CENTRAL METRO EASTSIDE: INNOVATORS R2SHOP2 #3: THE SOCIETY INSIDE HOTEL 2 BUSINESS TRIBUNE Tuesday, February 23, 2016 5,000 LOCAL STORIES every month and GROWING! Beaverton Business Tribune Canby Clackamas Estacada Forest Grove Gresham—TuesdayGresham Tuesday Gresham—FridayGresham—Friday Hillsboro King City Lake Oswego Oswego Madras Ashton Eaton talks track, life GETTING IT DONE World decathlon champion has new goals in mind — SEE SPORTS, B10 Blazers forward Ed Davis fl ies under the radar — SEE SPORTS, B10 PortlandTribune PortlandTribune THURSDAY, DECEMBER 10, 2015 • TWICE CHOSEN THE NATION’S BEST NONDAILY PAPER • PORTLANDTRIBUNE.COM • PUBLISHED TUESDAY AND THURSDAY THURSDAY, DECEMBER 17, 2015 • TWICE CHOSEN THE NATION’S BEST NONDAILY PAPER • PORTLANDTRIBUNE.COM • PUBLISHED TUESDAY AND THURSDAY The Portland Development Commission’s East Portlanders push Trang Lam discusses Lents redevelopment prospects outside Working back on gentrifi cation Class Acupuncture. landlord decided to sell the build- children. They wound up living in a Lents, starting As residents face more ing, so she’s living in an RV in her cramped hotel room for two months. to see new evictions, community tries brother’s backyard. Anna Litvinenko, her husband and vitality from “Now I’m fi nding that I might have their four children got evicted from urban renewal, to hold its ground to move out of the city limits just to their three-bedroom apartment in East is one of the survive,” says the Portland school em- Portland in October. Now they’re East Portland By STEVE LAW ployee. “I have no alternatives.” crashing with her sister’s family — 12 neighborhoods The Tribune Brenda McSweeney, chairwoman of people sharing a 1,200-square-foot facing the Glenfair Neighborhood Associa- apartment. gentrifi cation Ann Voos, 61, got booted from tion, got forced out of her East Port- pressures. TRIBUNE PHOTO: ADAM WICKHAM See EASTSIDE / Page 3 Benson High School student Daniel Jarvis-Holland her East Portland home when her land dwelling along with her three TRIBUNE FILE PHOTO and his mother Angela Jarvis-Holland speak on his desire to attend college while at the national TASH conference in downtown Portland on Dec. 3. COLLEGE ACCESS Mayors want more NOT IMPOSSIBLE insight on homeless DREAM ANYMORE causes, solutions DANGER West Coast leaders North Portland camp PSU program opens doors bond to seek federal problems Mayor Charlie Hales recogniz- of higher ed to students aid, tackle problem es that homeless camping in the Overlook neighborhood is grow- AT THE GATE with intellectual disabilities ing too fast. Molalla Newberg North Willamette Oregon City Portland—TuesdayPortland Tuesday Portland—ThursdayPortland Thursday Prineville—TuesdayPrineville—Tuesday Prineville—FridayPrineville—Friday SandySandy SE PortlandPortland SherwoodSherwood St. HelensHelens& & ScappooseScappoose SW Portland Tigard & Tualatin West Linn Wilsonville Woodburn MORE Stories! MORE Readers! More Ads! The Pamplin Media Group is continuing to grow, expand and thrive. and well because we have an exclusive focus on local news and advertising. Every month our news teams generate more than 5,000 local stories—more than Community newspapers are a refl ection of our communities. We offer hyper-local any other media outlet. Our family of newspapers, radio stations and websites now neighborhood journalism that will be diffi cult for any other media to replicate. collectively reach more than 1.2 million readers and listeners each week. We are alive Oregon’s largest source of local news and advertising To subscribe or advertise in any of our newspapers please call 503-684-0360. 536644.011516 BT Tuesday, February 23, 2016 BUSINESS TRIBUNE 3 IT’S ABOUT JOB CREATION PAMPLIN MEDIA GROUP: JOHN M. VINCENT ON THE COVER: Bob’s Red Mill CFO Trey Winthrop credits the Ex-Im Bank for allowing them to rapidly expand to 80 countries around the world. They used the bank’s credit insurance to allow fi nancing of orders shipped overseas. ABOVE: With Bob’s Red Mill’s expansion to worldwide distribution, company CFO Trey Winthrop added additional offi ces. Little did he know that the pace of expansion would leave the offi ces empty most of the time, as the sales staff spends most of its time globetrotting to secure new business. EXPORT IMPORT BANK SUPPORTS TRADE JOBS AND TURNS A PROFIT rey Winthrop, the chief fi - Extend- Fortunately, like many countries said Fred Hochberg, chairman and Bob’s Red Mill reached out to the nancial offi cer of Bob’s ing fi nanc- BY JOHN M. around the world, the United president of the Export-Import bank through a broker and was Red Mill had a dilemma. ing to inter- VINCENT States has an offi cial export credit Bank of the U.S (Ex-Im). “You get a able to secure insurance and great- T The company was try- national agency that can insure that risk competitive advantage when you ly expand their overseas presence. ing to expand into broader interna- customers and guarantee fi nancing for trade provide terms,” he says. Products “We went from about a million in tional markets, but to do so they carries high ventures. The Export-Import Bank have a chance to get to your cus- international sales to $26 million in needed to extend credit terms to credit risk, and no insurer was of the United States was founded tomers, and they have a chance to fi ve years,” Winthrop said in a re- their new customers. Few custom- willing to accept the uncertainty. under the Franklin D. Roosevelt sell the products. “You get a cus- cent presentation to a Portland ers wanted to pay upfront for a Each shipping container that Bob’s administration in 1934. tomer, you keep a customer, and Business Alliance audience. “It container full of products that was Red Mill packs hold about $52,000 “When you have a sale like that, you can charge more,” says Hoch- three months away. in food products. it’s very hard to collect overseas,” berg. CONTINUED / Page 4 4 BUSINESS TRIBUNE Tuesday, February 23, 2016 ■ From page 3 Export-Import Bank of lowered the entry barrier for suc- the United States cess,” he added. Bob’s Red Mill Founded: 1934 products are now sold in 80 coun- Leadership: Fred P. Hochberg, tries. Chairman and President Joining Winthrop in a panel dis- Jobs supported: 109,000 cussion were Ted Nelson of Pac- Surplus generated: $431.6 mil- cess, LLC and Hochberg. lion “We support jobs, not compa- Active default rate: .235 percent nies, but jobs,” said Hochberg. 2015 Authorizations: $12.4 bil- The bank claims that their oper- lion ations supported 109,000 jobs in Percentage of authorizations for 2015, and earned a surplus of small businesses: 90 $431.6 million. Those funds were Authorizations for U.S. Aircraft manufacturing: $5.8 Billion returned to the U.S. Treasury. Approximately Nearly 90 percent of the bank’s au- PAMPLIN MEDIA GROUP: Financing: JOHN M. VINCENT $17 billion of U.S. exports in thorizations directly benefi ted 2015. small businesses (as defi ned by ABOVE: Packaging supplier Paccess, LLC the Small Business Administra- Source: Ex-Im Bank (FY 2015) tion.) used loan guarantees Last year, the bank fi nanced from the Ex-Im Bank to about $50 million in exports from provide loan Oregon, according to guarantees, essential Hochberg,which includes a large for setting up charter was allowed to lapse. For number of food products. Hoch- operations across fi ve months, many of the bank’s berg touts that during the Obama southeast Asia, said activities were suspended. It administration the bank has fi - Vice-President Ted wasn’t until December 4 that Pres- nanced $1 billion in exports from Nelson. ident Barrack Obama, as part of a Oregon - more than triple what LEFT: The Export- larger transportation-funding bill, the bank did in the previous 16 Import Bank of the signed the bank back into exis- years. United States isn’t well tence. In addition to credit insurance, known, so its The lapse caused tangible is- the government corporation pro- President, Fred sues for Bob’s Red Mill, according vides loans and guarantee pro- Hochberg carries a to Winthrop. Expansion into Sin- grams that the private sector is pocket card that he gapore was delayed. unable or unwilling to provide. In gives to congressmen “We couldn’t grow,” says Win- 2015, nearly 90 percent of the and senators to explain throp. Since the reauthorization, banks transactions involved pri- the agency. the Milwaukie company has added vate-sector intermediaries such as two staff members to its roster. banks and insurance brokers. Hochberg adds that three aero- Portland’s Paccess started as an space satellite transactions were exporter of paper products, later also lost to other countries during transitioning to supplying packag- the fi ve-month lapse. ing from Asian suppliers to Asian America’s Ex-Im Bank still isn’t customers. up to full speed, as it’s lacking the “We couldn’t have done that board members required to have a without the security provided by quorum. Currently loans and our working capital loan guaran- guarantees are limited in both the tees through our bank that were length of their term and generally provided by the Export-Import to amounts of less than $10 mil- Bank,” said Nelson. loan so that they will buy Boeing ing customers, according to Ex- After decades of general sup- lion. One goal of the bank is to level Airplanes,” Hochberg says, “partly Im’s annual report, causing some port from legislators, the Ex-Im Hochberg sees great opportuni- the playing fi eld among a large because the Europeans will pro- to refer to the organization as Bank has recently become em- ties for the export of products number of government chartered vide guaranteed loans to buy Air- “Boeing’s Bank”.
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