Tuesday, January 3, 2012

In the News: Coffee, Armored Services, and Manufacturing

Happy 2012! We're starting the year off with positive news at the local, state, and national levels.

Portland area:
The local news source Neighborhood Notes in Portland posted a story on their site noting the opening of at least 16 businesses in various places across the city in December. New establishments include a hypnotist, a distillery, and an artists' collective. Detailed listings by neighborhood are available in the full article.

The Oregonian recently reported that Stumptown Coffee Roasters will move its business operations to inner Southeast Portland. The company has chosen to anchor its existing business in a 37,000-square-foot space this summer. The Oregonian reports that the facility will house Stumptown's roasting, production, wholesale, training, quality control, administrative, and finance operations. Meanwhile, Stumptown has leased its second cafe location in Manhattan, and is eyeing locations in Seattle, Los Angeles, and Chicago.

Oregon Armored Service was acquired by the Swedish firm Loomis AB for $5.7 million, according to the Portland Business Journal. Loomis said it plans to retain the company's employees across Oregon. Office locations include Portland, Salem, Eugene, and Medford.


The Associated Press reports that manufacturing grew in December at its fastest rate in six months. The Institute for Supply Management, a trade group of purchasing managers, says its manufacturing index rose to 53.9 in December, up from 52.7 in November. Readings above 50 indicate expansion.

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