The Corey Story

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Posts Tagged ‘Oregon’

Bob’s Red Mill CEO Gives 20 Million Dollar Company to Employees

Posted by Corey Kaster on February 18, 2010

Posted by geri via GNN

Wednesday, 17 February 2010

A CEO this week gave his entire company to the workers who’ve made his natural food company the success that generates revenues exceeding $20 million a year.

Founder of Bob’s Red Mill Natural Foods, Bob Moore, turned 81 on Monday, Feb. 15 and announced the news to his employees in Milwaukie, Oregon.

With everyone at his birthday celebration and on behalf of his partners in the business, Bob announced that through the creation of an Employee Stock Ownership Plan (ESOP), Bob’s Red Mill is now an employee-owned company.

“We believe our employees are the finest people in the natural foods business, and by offering our current and future employees an ownership in the company we will continue to retain and attract the best.”

“It’s been my dream all along to turn this company over to the employees,” said Mr. Moore. “I get to spend every day with our many loyal and long-time employees who will now share in ownership, and it just thrills me to know they will be joined by many new faces over the years.”

“The partners could have sold this company many times for a lot more money, but to them this company is about so much more than the money,” said Operations VP Dennis Vaughn. “I’m just proud to wear the Bob’s Red Mill logo because anywhere I go in this country people say nice things about the company.”

“Bob is basically passing the entrepreneurial torch on to his employees and is instilling in us that hard work provides rewards,” said Roger Farnen, a Quality Assurance Manager.

Bob’s Red Mill Natural Foods produces more than 400 products, including a full line of certified gluten free products and an extensive line of certified organic products.

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Posted in Food, Good News | Tagged: , , , , , , , , , | 2 Comments »

La Petite Provence on Alberta for ASBA Mixer/Social

Posted by Corey Kaster on January 26, 2010

Posted in Alberta Street | Tagged: , , , , , | Leave a Comment »

City completes deal to bring MLS to Portland

Posted by Corey Kaster on January 21, 2010

Dear Portlanders,

The City today reached a final agreement with Peregrine, LLC to bring a Major League Soccer (MLS) franchise to Portland and renovate PGE Park. This effort will bring immediate construction jobs to Portland and continuing revenue, visitors and vital spending to Portland’s central city in the long term.

I’m confident that this agreement will serve Portlanders now and for years to come. We will put construction workers back to work right away, and in the long-term, MLS represents a smart investment in Portland’s future success. Building on the Northwest’s long-standing soccer heritage, we can bring Portlanders together around another great sports team.

The public-private partnership exemplifies the City’s commitment to supporting entrepreneurship in the business community, while better shielding its residents from financial risk. The City Council worked to ensure the terms are aligned with Portland’s values and that Portlanders would be solidly protected from any downside risk:

  • No impact to the City’s General Fund
  • No impact to the City’s ability to provide basic services
  • No Urban Renewal funding

The City’s contribution to the multi-use, LEED Silver certified stadium will be financed primarily through private investment by the Paulsons and by revenues from sports spectators, as recommended by the Major League Soccer Task Force. The City’s liability is limited through numerous personal guarantees from the Paulson family, which ensure that the City will receive projected revenue even if the new MLS franchise or the league fails. Specifically, the Paulsons have made personal guarantees of operating revenue for 25 years and that the team will stay in the city for at least 25 years.

The newly renovated stadium will also be used by Portland State University’s football program and the general public for community events. Additionally, Paulson has pledged an annual contribution to the Portland Parks Foundation to improve community soccer fields as part of his commitment to the public. The $31 million deal goes to City Council for approval on January 27. I am eager to build the public-private partnership and will continue to work with Paulson to find a new home for AAA baseball.

For details on the terms of the agreement, follow this link.


Sam Adams

Mayor of Portland

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Posted in Oregon, Portland, Sports | Tagged: , , , , , , , , , , , | Leave a Comment »

Sam Adams 2009 Year-in-Review, at a glance

Posted by Corey Kaster on January 6, 2010

  • Doing what’s needed now: delivering more support and funding for small businesses, students, artists and Portlanders facing homelessness and unemployment;
  • Building for what’s needed tomorrow: committing to aggressive climate action goals, industry and job creation targets, and a comprehensive plan to create the Portland we all want for the next 25 years;
  • Bringing everyone to the table: working side-by-side with entrepreneurs, community leaders, activists and local, state and federal government to get what we need and share what we have;

A closer look:

For too many Portlanders, 2009 was a hard year. Our city, like every city in the nation, was battered by the winds of a deep and prolonged global economic storm. Our neighbors, like neighbors in cities across the nation, lost their jobs, struggled to keep their businesses open, fought to keep their homes.

But unlike many other cities, Portland has a unique place in the emerging global economy. We’re a city that is striving to look out for future generations of Portlanders and take care of our neighbors right now. Portlanders volunteer more in their communities than all but one other city in the nation. Portlanders ride their buses, bikes and light rail more than any other city in the nation. And Portlanders are finding ways to make their work, their home, and their life more environmentally conscious in numbers that continue to be an example to cities around the nation.

When I took office in January, I made a commitment – that Portland would become not just the most sustainable city in the nation, but among the most sustainable economies in the world. We would invest in our neighborhoods, our streets, and our entrepreneurs. We would invest in our schools, our youth, and our artists. We would show how bringing together the public and private sectors could unlock opportunities neither could deliver alone. We would take immediate actions to alleviate the hurt felt by the hardest hit amongst our neighbors. And while we were taking these steps now, we would continue to lay the groundwork to catapult Portland into future prosperity when the global storm subsided.

My colleagues on City Council and I have worked diligently this past year to meet these commitments. Working with my colleagues, I brought forward and passed a budget that focused cuts on administration, protected core services and put money toward housing support, small business assistance, and youth and career education. We fast-tracked $287 million of local, public projects into 12 months. And we made sure that we fought hard for federal stimulus funding, and used that funding wisely and innovatively. For example, we created Clean Energy Works Portland, a first-in-the-nation pilot program to use on-bill financing to make residential energy efficiency retrofits affordable for all Portlanders.

The work we’re doing now goes hand-in-hand with the strategic roadmaps we’re preparing and moving on for the future. And we’re bringing laser focus to these game plans. A first-in-decades economic development strategy, focused on Portland’s most competitive industries, that will create 10,000 new jobs in the next five years. A climate action plan that will keep Portland ahead of the nation on combating climate change. An arts strategy that will lay out the pathway to dedicated funding for arts and arts education, investing in our creative economy in the process. And a comprehensive Portland Plan, crafted in collaboration with more than 20 jurisdictional partners across the region, to align priorities and spending to create Portland’s next 25 years.

We have a lot of work to do in the coming years to ensure that students are graduating on time, business owners have the tools they need to grow, and every Portlander has an equitable opportunity to be successful. In 2009, we took real steps forward to get it done.

It remains an honor to serve you as mayor. I wish you and yours a happy, safe, and prosperous new year.

Click here for the 2009 Year In Review

With warm regards,

Sam Adams

Mayor, City of Portland

Posted in Politics, Portland | Tagged: , , , , | 2 Comments »

BREAST CANCER AWARENESS – Great video from staff at St. Vincent’s

Posted by Corey Kaster on December 14, 2009

This is dedicated to a dear friend’s mother.

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Posted in Uncategorized | Tagged: , , , , , , , , | 3 Comments »

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