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Dow breaks 50k again, Peace Health ousts Oregon CEO, FBI offers rewards for info on Ex Air force agent, Border Patrol Chief resigns, Washington to get $538M in delayed Covid era Fema fund, Amazon announces more job cuts.
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PNW Market Look
As of market close 5.14.26
AI Chipmaker Cerebras Climbs 68% After Year’s Biggest IPO (BBG)
Headline Roundup
(OR) i3D Manufacturing acquires Burloak Technologies (TCT)
Portland water bills may jump as Bull Run project cost hits $2.5B, 5 times 2017 estimate (KATU)
Corvallis startup Phosio Corp. lands $4M, plans pilot plant (PBJ)
SBA rolls out $50M business grant program. Here's how it works. (PBJ)
Grocery prices in the U.S. soared faster in April than any month in nearly four years (ABC)
Portland State to cut two legacy programs, lay off 52 staffers in budget balancing effort (OPB)
More cuts, consolidations coming to WCC as college faces $1.5M budget gap (CD)
County pays $36M for Kirkland offices, now a crisis care center (DJC)
Idaho water resource board commits $8 million to Mountain Home water sustainability (IBR)
Another large Idaho data center proposed, valued at $2 billion+ (BD)
Forest Service OKs Idaho group’s request to use banned chainsaws in wilderness (IDS)
Boeing salaries: From CEO to engineers (IDS)
How Oregon's fragmented tech strategy is holding back startups (PBJ)
PeaceHealth ousts Oregon CEO following ER staffing controversy in Lane County (PBJ)
FBI Offers $200,000 for Info on Ex-Air Force Officer Charged with Spying for Iran (Ground)
Boeing, Toyota Donated $1 Million Each to Transportation Secretary’s Road-Trip Show (WSJ)
WA gets $538M in delayed COVID-era payments from FEMA (WSS)
Bellevue eyes tax district for $200 million Grand Connection project (PBJ)
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Community Highlight
Want to learn about Idaho Power’s wildfire plans? Listen in here. (IDS)
Mailer mayhem: Super PACS spending surges in Montana’s Democratic primary for U.S. Senate (Missoulian)
Rip’s Spotlight
Metro Chamber Threatens Legal Action if City Council Council Makes Changes to Arts Tax (WW)
“The Metro Chamber wrote that, if the council proceeds with changes to the Arts Tax, the chamber “is prepared to pursue all available legal remedies on behalf of our members, including formally challenging the legality of the City’s actions under the Charter and applicable Oregon law.”
The much-maligned Arts Tax—which is $35 per person per year—was first approved by voters in 2012. It pays for art teachers across local school districts and provides grants to arts nonprofits. Three councilors—President Jamie Dunphy, Elana Pirtle-Guiney and Tiffany Koyama Lane—are leading an effort to reform the tax.
The three councilors seek to set an income threshold for the tax so that only those who make at least $20,000 a year—or $40,000 for joint filers—must pay the tax. They also want to raise the annual tax from $35 to $50.”
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