Tigard Businesses: In the News
More than 3,300 firms in Tigard are connected to the regional economy. Every day these companies are making the products and providing the services that meet local, regional and global demand. Here are some highlights.
January 25, 2017
Tigard-based NuScale Power became the first company to submit a design certification application for small modular reactors to the U.S. Nuclear Regulatory Commission. Submission of the application marks a major step toward creating of the next generation of affordable, clean, reliable power on a mass scale. Read more about this exciting development here.
January 17, 2017
Congrats to Tigard-based Agilyx. This firm has secured funding to upgrade its facility to convert polystyrene (foam cups, packaging materials, and Styrofoam) into styrene monomer. The Agilyx chemical recycling technology returns polystyrene waste to its highest value – a styrene monomer product that can be blended into the virgin styrene manufacturing cycle. And, single-use polystyrene items can now be diverted from the landfill.
November 17, 2016
Consumer Cellular, in new HQ, aims to revive growth rate Tigard based Consumer Cellular was featured on Oregon Live.com. Read the article about this national firm with a headquarters here in Tigard.
November 1, 2016
Manufacturer of the Year! Tigard based PacStar was recognized by the Portland Business Journal as a 2016 Oregon Manufacturer of the Year. The firm perfected a product that reduces an IT room worth of communications technology into a scalable suitcase-sized package. They’ve also expanded in order to meet a $100 million in orders over the next five years. Learn more at PacStar.com.
... More Business News Here ...
Workforce & Employee Development
Tigard based firms employ more than 42,400 people. Our partners in workforce development are WorkSystems and WorkSource. These partners manage several programs that increase business competiveness and employee retention by supporting employers' commitment to skill-up their existing workforce. Here are some programs that help you develop your workforce.
Exporting & Business Development
Tigard based companies that export can tap into 95% of the worldwide consumer market. This region doubled exports in the last decade. These resources can help you grow your customer base.
Export Assistance Program
Business Oregon and SBA matching funds for overseas trade shows and trade missions. Tigard businesses that participate in overseas trade shows gain the opportunity to meet potential buyers, test market interest and evaluate the competition. A trade mission can be a cost effective way to meet potential distributors and buyers, secure licensing agreements and explore joint venture opportunities. This program helps cover the cost of these sales tools.
Tigard businesses have easy access to experts in international trade through the US Export Assistance Center’s office in Portland. Looking to make your first export sale or expand to additional international markets, these local professionals offer the trade counseling, market intelligence, business matchmaking, and commercial diplomacy you need to connect with lucrative business opportunities.
GPI Export Initiative
Federal and state resources are committed to helping US companies tap into overseas markets and benefit from foreign investment.
This business-to-business search engine makes it possible for customers and partners to easily find Northwest companies with the technical capabilities they need.
Is your business in a HUBZone? Certain parts of Tigard are considered “Historically Underutilized Business Zones.” Certified firms located in these areas are eligible for benefits with Federal prime contracts. Check to see if you’re located in a Tigard HUBZone.
Tigard/Lake Oswego Enterprise Zone
In 2016, the City of Tigard and City of Lake Oswego began a collaboration on the Tigard/Lake Oswego Enterprise Zone. This is a local economic development program that reduces the tax burden on companies investing in equipment, facilities and people. This program offers a 100% tax abatement for three to five years on new capital investments when a firm also increases employment by 10%.
For Tigard's Entrepreneurs and Innovators
Across the country, 98% of business growth is from startups and expanding companies. Firms located in Tigard have a several readily available tools to help them grow at every phase of a company’s life cycle.
U.S. Small Business Administration 504 Loan Program
The Federal SBA 504 loan program provides financing guarantees for up to 90% of the purchase cost of commercial real estate in concert with your preferred commercial lender. The program offers an affordable 10% down payment and provides 20-year, fully amortized, fixed rate financing. The generous terms of SBA 504 loans allow investors and entrepreneurs to pay for a facility over the long term with lower monthly payments, and to conserve working capital and retain liquidity to meet operating needs. SBA backed 504 loans are ideal for the purchase of existing buildings, the purchase of land or land improvements, renovating existing facilities, furniture and/or equipment purchases, and more.
The SBA 504 Effective Rate (November 2016): 4.36%
Click here for more details on the SBA 504 loan program.
This opportunity is for business leaders who have created a measure of success with their company and need strategic resources to get to the next level. Grow Oregon business advising includes:
Do you have questions or concerns about how to take your business to the next level of success?
- Strategic needs assessment
- Advanced market research and analysis
- Digital media assistance
- Search engine optimization guidance
- CEO networking/mentoring
A limited number of spots are open. Contact Mike Kelsay
with PCC SBDC more information and to confirm if your business is eligible.
Innovation, Research and Technology
Tigard is home to several commercialization companies that bring great ideas to the marketplace – NuScale Power, High Impact Technologies, WalkingPoint Farms, and BioJect are just a couple of innovators located here in Tigard.
Working with Business Oregon, the state’s economic development agency, we can help grow your idea into a business. Tigard entrepreneurs and innovators have a new partner in Business Oregon to help bring their idea for a commercially viable product to market. Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are competitive federal programs designed to stimulate technological innovation and provide new opportunities for small businesses to conduct research and development (R&D) with commercialization potential.
Click here for the details about Business Oregon’s program to help you access SBIR/STTR resources.
Tigard’s partnership with the Small Business Development Center and the Tigard Area Chamber of Commerce might be able to help. A professional SBDC advisor is available every third Thursday of the month from 9 a.m. to 12 p.m. by appointment for a 45 minute business assessment at 12345 SW Main Street
—the Chamber of Commerce office in Downtown Tigard.
One-on-one consultations with an SBDC advisor help you identify key resources for you and your business, key areas of operation for your business, and start an action plan. Business owners and entrepreneurs of all sizes can schedule an appointment for this no-cost SBDC business assessment. There is no charge for this business assessment, nor does it require a Chamber of Commerce membership.
Development & Infrastructure
The City of Tigard is constantly working to improve infrastructure that supports private investment. Here are examples of recent projects.
Urban Renewal Matching Funds
The City Center Development Agency has reauthorized the popular Urban Renewal Improvement Programs Opportunity Fund for 2017. This fund provides matching grants for existing businesses in the Urban Renewal District to make improvements to the exterior of their business. New catalyst businesses moving into vacant spaces in Downtown are also eligible for funding to make interior upgrades. Click here for more information.
Concerned about Contamination? A brownfield is land that is vacant or underused because of the actual or perceived presence of a hazardous substance or contaminant. Some brownfield sites are actively being used while pollutants remain in the soil or groundwater; the contamination can become an issue when property owners want to expand, redevelop or sell their land.
Tigard's Brownfields Initiative may be able to help. Get started today. Fill out and return the application for Environmental Site Assessment Grant.
Tigard Street Heritage Trail
On Aug. 18, 2016, the Oregon Transportation Commission announced a $700,000 grant to the City of Tigard to upgrade a temporary trail into a path to employment linking one of the city’s manufacturing corridors and downtown commercial district to workers in surrounding neighborhoods. Details for the Tigard Street Heritage Trail are here.
Public Infrastructure in the Hunziker Industrial Core
The City of Tigard is investing in public infrastructure that encourages private sector investment and job creation. Tigard’s Hunziker Industrial Core includes 138 acres of industrial zoned property, home to more than 90 firms located ¾ a mile from Hwy 217 and I-5. In this employment area, 96 acres are underutilized and 42 acres are undeveloped and limited in their economic potential due to a lack of site access and sufficient public infrastructure. The City of Tigard is exploring public infrastructure projects and funding sources to add or improve roads, water, waste water and storm water services in this area.
The first proposed public infrastructure project includes $8 million of roadway, water, sewer, and storm water that will support an estimated $32 million in private sector investment. Development of employment lands like this typically supports in 150 to 300 jobs depending upon the magnitude of private sector investment.
Vertical Housing Development Zone
Tigard's Vertical Housing Development Zone (VHDZ) encourages multi-story mixed-use development in two targeted areas of the City of Tigard. The ten-year partial property tax exemption for new construction applies to the first four floors of residential development built above first-story commercial development.
For more information on VHDZ in Tigard, contact Lloyd Purdy
Lake Oswego • Tigard Water Partnership
Tigard and Lake Oswego joined forces in 2008 to upgrade and expand Lake Oswego’s existing water facilities to serve customers in both communities. After searching for more than a decade, Tigard finally owns a share of a drinking water supply. Read more...
Site Selection & Real Estate
Mobile Food Carts on Private Property
This handout describes where mobile food carts are allowed on private property in Tigard based on current city policy. Food carts on public property (e.g. sidewalks, streets, parks, etc.) are subject to different rules. Contact Lloyd Purdy, Economic Development Manager, at 503-718-2442 for assistance with operating a food cart on public property.