8
&DSLWDO3UHVVFRP
)HEUXDU\
Oregon
µ5RFNV'LVWULFW¶LVQHZHVWYLWLFXOWXUHDUHD +HOLFRSWHUFRPSDQ\
SLORWFRQWHVWILQH
LQ62UHJRQFDVH
By ERIC MORTENSON
&DSLWDO3UHVV
7KH 5RFNV 'LVWULFW RI
0LOWRQ)UHHZDWHU LQ (DVWHUQ
2UHJRQ ZLOO EH WKH QHZHVW
$PHULFDQ 9LWLFXOWXUH $UHD
RU $9$ D GHVLJQDWLRQ WKDW
SURYLGHV D PDUNHWLQJ HGJH
WR YLQH\DUGV LQ WKH DUHD DQG
ZLQHPDNHUVZKRXVHJUDSHV
IURPWKHUH
7KH GHVLJQDWLRQ FRYHUV
WKH DOOXYLDO IDQ RI WKH :DO
OD :DOOD 5LYHU DQG UHIHUV WR
GDUNEDVDOWFREEOHVWRQHVWKDW
SRFNHWWKHDUHDDQGWRWKH2U
HJRQWRZQRI0LOWRQ)UHHZD
WHUSDUWRIZKLFKOLHVZLWKLQ
WKH $9$ 7KH VWRQ\ VRLO LV
ZHOOGUDLQHG ZKLFK IRUFHV
YLQHV WR URRW GHHS IRU ZDWHU
5RFNV H[SRVHG RQ WKH VXU
IDFHDEVRUEKHDWZKLFKSUR
PRWHV HDUO\ VHDVRQ JURZWK
DQG ODWHVHDVRQ ULSHQLQJ
'HVSLWH EHLQJ SDUW RI WKH
:DOOD:DOOD9DOOH\ WKH$9$
LVHQWLUHO\ZLWKLQ2UHJRQDQG
ZLOO EH WKH VWDWH¶V WK 7KH
DUHD LV NQRZQ IRU SURGXFLQJ
KLJKTXDOLW\ 6\UDK ZLQH EXW
KDV VHHQ UHFHQW SODQWLQJV RI
&DEHUQHW DQRWKHU UHG ZLQH
JUDSH
1LQHWHHQ SURGXFHUV KDYH
YLQH\DUGV ZLWKLQ WKH 5RFNV
'LVWULFW ERXQGDULHV ZKLFK
FRYHUV DERXW DFUHV
RQO\DFUHVRIZKLFKLVLQ
By ERIC MORTENSON
&DSLWDO3UHVV
(ULF0RUWHQVRQ&DSLWDO3UHVV
'HVLJQDWLRQRIDQHZYLWLFXOWXUHDUHDLQ(DVWHUQ2UHJRQPD\DGGWRWKHZLQHLQGXVWU\¶VHFRQRPLF
LPSDFWLQWKH3DFLILF1RUWKZHVW
FRPPHUFLDOYLQH\DUGSURGXF
WLRQ
7KHGLVWLQFWLRQZLOODOORZ
ZLQHULHV LQFOXGLQJ WKRVH LQ
:DVKLQJWRQ VWDWH WKDW XVH D
KLJK SHUFHQWDJH JUDSHV IURP
WKHUH WR SXW WKH $9$ LQIRU
PDWLRQ RQ WKHLU ODEHOV VDLG
'XDQH :ROOPXK H[HFXWLYH
GLUHFWRU RI WKH :DOOD :DOOD
9DOOH\:LQH$OOLDQFH
:DVKLQJWRQ¶V ZLQH LQ
GXVWU\ DQG WKH 2UHJRQ
:LQH %RDUG EDFNHG WKH
$9$ GHVLJQDWLRQ 7KH 3D
FLILF 1RUWKZHVW KDV EHFRPH
LQWHUQDWLRQDOO\ NQRZQ IRU
SURGXFLQJ ILQH ZLQHV PRVW
QRWDEO\ WKH VLJQDWXUH 3LQRW
1RLURI2UHJRQ¶V:LOODPHWWH
9DOOH\DQG$9$LQIRUPDWLRQ
LV VLJQLILFDQW WR GLVFHUQLQJ
FRQVXPHUV
7KH FRPELQDWLRQ RI
KLJKTXDOLW\ DQG FRQVXPHU
GHPDQGKDVSDLGRIIIRUERWK
VWDWHV$ -DQXDU\ UHSRUW VDLG
2UHJRQ¶V ZLQH LQGXVWU\ SUR
GXFHVDQHVWLPDWHGELO
OLRQHFRQRPLFLPSDFWFRXQW
LQJFURSYDOXHVDQGGLUHFWDQG
UHODWHG VDOHV MREV VHUYLFHV
DQG SURGXFWV$ UHSRUW
HVWLPDWHG WKH :DVKLQJWRQ
ZLQHLQGXVWU\KDVDQELO
OLRQDQQXDOHFRQRPLFLPSDFW
7KH IHGHUDO $OFRKRO DQG
7REDFFR 7D[ DQG 7UDGH %X
UHDX D GLYLVLRQ RI WKH 86
7UHDVXU\ 'HSDUWPHQW SUR
SRVHGWKH$9$DWWKHUHTXHVW
RIHLJKWJURZHUVLQWKHUHJLRQ
KHDGHG E\ 6WHYH 5REHUWVRQ
RI 'HOPDV6-5 9LQH\DUG $
GD\FRPPHQWSHULRGLVUH
TXLUHGEHIRUHWKH$9$FDQEH
DSSURYHG.HYLQ53RJXHD
JHRORJ\ SURIHVVRU DW :KLW
PDQ&ROOHJHLQ:DOOD:DOOD
VXEPLWWHG WKH SHWLWLRQ WR WKH
$77%
$ KHOLFRSWHU VSUD\LQJ
FRPSDQ\ DQG D SLORW ZKR
ZHUH HDFK ILQHG IRU
VSUD\LQJ SHVWLFLGHV RQ UXUDO
KRPHV LQ 6RXWKHUQ 2UHJRQ
KDYHDVNHGIRUDQDGPLQLVWUD
WLYHKHDULQJDWZKLFKWKH\ZLOO
FRQWHVWWKHSHQDOW\
3DFLILF $LU 5HVHDUFK ,QF
RI :KLWH &LW\ DQG DSSOLFDWRU
6WHYHQ 2ZHQ ZHUH DVVHVVHG
WKH2UHJRQ'HSDUWPHQWRI$J
ULFXOWXUH¶VELJJHVWILQHV GXULQJ
DQG WKHLU SHVWLFLGH OL
FHQVHVZHUHUHYRNHGIRUD\HDU
+RZHYHU EHFDXVH WKH\
KDYH FRQWHVWHG WKH GHSDUW
PHQW¶VILQGLQJV WKH\KDYHQRW
\HWSDLGWKHILQH DQGDUHIUHH
WRRSHUDWHVDLG'DOH0LWFKHOO
PDQDJHU RI WKH GHSDUWPHQW¶V
SHVWLFLGH SURJUDP$ KHDULQJ
ZLOOEHKHOGLQ$SULO
7KH RULJLQDO LQFLGHQW KDS
SHQHGLQ2FWREHUZKHQ
UHVLGHQWV RI WKH &HGDU9DOOH\
DUHDQHDU*ROG%HDFKLQ&XU
U\&RXQW\FRPSODLQHGWKH\¶G
EHHQ VLFNHQHG LQ D VSUD\LQJ
RSHUDWLRQ LQWHQGHG IRU FRP
PHUFLDOWLPEHU$QDJGHSDUW
PHQWLQYHVWLJDWLRQVKRZHGWKH
FRPSDQ\DQGSLORWVSUD\HGWKH
ZURQJSURSHUW\DSSOLHGPRUH
WKDQWKHODEHOUHFRPPHQGVRI
RQHSURGXFWDQGILOHG PXOWLSOH
IDOVHUHFRUGVDERXWSHVWLFLGHV
XVHG
7KH GHSDUWPHQW ³DEVR
OXWHO\´VWDQGVE\LWVILQGLQJV
0LWFKHOOVDLG
7KH 3DFLILF $LU FDVH ZDV
DPRQJ DOOHJHG SHVWLFLGH
YLRODWLRQVLQYHVWLJDWHGGXULQJ
WKH\HDU$QRWKHUILQH
ZDVOHYLHGDJDLQVW*ODVV7UHH
&DUHDQG6SUD\6HUYLFH,QFD
(XJHQH FRPSDQ\ IRU D
LQFLGHQWLQZKLFKDQHVWLPDW
HG EHHV ZHUH NLOOHG
ZKHQEORRPLQJOLQGHQWUHHVDW
D (XJHQH DSDUWPHQW FRPSOH[
ZHUH VSUD\HG ZLWK D QHRQLF
RWLQRLG SHVWLFLGH $SSOLFDWRU
-DPHV0LVFKNRW-UZDVILQHG
7KH GHSDUWPHQW LVVXHG
FLYLO SHQDOWLHV WRWDOLQJ
GXULQJ WKH \HDU
FKRRVLQJ³HGXFDWLRQDQGRXW
UHDFK´LQWKHYDVWPDMRULW\RI
FDVHV0LWFKHOOVDLG7KHPRVW
FRPPRQ YLRODWLRQV LQYROYH
LQFRPSOHWH UHFRUGNHHSLQJ
IDLOLQJ WR KDYH DOO HPSOR\HHV
SURSHUO\ OLFHQVHG DQG DSSO\
LQJSHVWLFLGHVLQDPDQQHULQ
FRQVLVWHQW ZLWK ODEHO LQVWUXF
WLRQVRULQDQHJOLJHQWPDQQHU
0LWFKHOOVDLG
7KH IROORZLQJ SHQDOWLHV
ZHUH LVVXHG WR FRPSDQLHV
XVLQJ XQOLFHQVHG SHVWLFLGH
DSSOLFDWRUV 7-: &URDFK
//& 3HVW)UHH RI %HDYHU
WRQ 'RE\QV+DUW
3HVW&RQWURO3HQGOHWRQ
DQG DSSOLFDWRU &KDG *ULIILQ
1RUWKZHVW /DQGVFDSH
7XDODWLQ $OO 1DWXUDO
3HVW%RWDQLFDO6ROXWLRQV,QF
5HGPRQG
3HQDOWLHVLVVXHGIRUDSSO\
LQJDSHVWLFLGHSURGXFWLQFRQ
VLVWHQWZLWKLWVODEHOLQJ$-
/DQGVFDSH0DLQWHQDQFH,QF
%HDYHUWRQ )DUPHUV
6XSSO\ &RRSHUDWLYH 2QWDULR
DQG DSSOLFDWRU 7\OHU 7D\ORU
HDFK
3HQDOWLHV IRU DSSO\LQJ
SHVWLFLGHV LQ D IDXOW\ FDUH
OHVV RU QHJOLJHQW PDQQHU
6DPXHO 3ROORFN +HUPLV
WRQ'DYLG*RUDFNH
6KHGG &DVFDGH 7UHH
)DUPV (VWDFDGD DQG DS
SOLFDWRU $OIRQ]R 0HQGR]D
HDFK $SSOHEHH $YL
DWLRQ ,QF %DQNV DQG DS
SOLFDWRU 3DWULFN +DOO
HDFK:LOODPHWWH9DOOH\+H
OLFRSWHUV1HZSRUW
2UHJRQLDQV
IRU)RRG
DQG6KHOWHU
JURXS
UHRUJDQL]HV
By MATEUSZ PERKOWSKI
&DSLWDO3UHVV
7-2/#04N
2UHJRQLDQV IRU )RRG DQG
6KHOWHU DQ DJULEXVLQHVV LQ
GXVWU\JURXSKDVKLUHGDORE
E\LVW IURP WKH 2UHJRQ )DUP
%XUHDX DV LWV QHZ H[HFXWLYH
GLUHFWRU
.DWLH )DVW
YLFH SUHVLGHQW
RISXEOLFSROLF\
IRU WKH 2UHJRQ
)DUP %XUHDX
ZLOO VSOLW KHU
WLPH EHWZHHQ
WKH EXUHDX DQG
)DVW
2)6 XQWLO WKH
HQGRIWKH
OHJLVODWLYHVHVVLRQ
6FRWW'DKOPDQIRUPHUH[
HFXWLYH GLUHFWRU RI 2)6 ZLOO
FRQWLQXH WR VHUYH WKH RUJDQL
]DWLRQDVLWVSROLF\GLUHFWRU
7KH FKDQJH ZDV WULJJHUHG
E\ WKH DQQRXQFHG UHWLUHPHQW
RI 3DXOHWWH 3\OH GLUHFWRU RI
JUDVV URRWV DW 2)6 ZKR ZLOO
OHDYH DW WKH HQG RI WKH VHV
VLRQVDLG'RXJ+RIIPDQWKH
JURXS¶VFKDLUPDQDQG&(2RI
WKH:LOFRIDUPFRRSHUDWLYH
2)6 LV UHRUJDQL]LQJ GXH
WR3\OH¶VGHSDUWXUHZLWK)DVW
VHUYLQJ DV WKH JURXS¶V SXEOLF
IDFH ZKLOH 'DKOPDQ ZRUNV
EHKLQGWKHVFHQHVVHWWLQJSROL
F\VDLG+RIIPDQ
³:H¶UH DOLJQLQJ VNLOOV
ZKHUH WKH\ QHHG WR JR´ KH
VDLG
