EDCO’s May 25 PubTalk – Speakers Announced

EDCO’S NEXT PUBTALK SET FOR MAY 25 AT MCMENAMINS
FEATURING SCOTT SANDLER, OREGON ANGEL FUND

BEND, OR (May 4, 2017)Economic Development for Central Oregon (EDCO) just announced the speakers for the next PubTalk to be held Thursday, May 25, 5 pm at McMenamins in Downtown Bend. Tickets are on sale now and available via Eventbrite here.

EDCO’s Central Oregon PubTalk, held the fourth Thursday of the month, is a happy hour aimed at bringing together different facets of the business community in one place to network, share ideas and further local businesses. Where Beers and Business Collide!

Keynote Speaker:
Scott Sandler, Fund Manager, Oregon Angel Fund

Scott grew up in Massachusetts and headed west to Oregon in search of big mountains and to start his career at Intel. He quickly realized he was more of a startup kind of guy, which led him to stints in customer support and marketing at four software startups. Scott then became CEO of Novas Software, which had a successful exit in 2008. Having committed to do “something completely different” after Novas, he joined OAF as an investor in 2010 and became a member of the team in 2012. He is currently in charge of many day-to-day activities, including generating deal flow, evaluating business plans and due diligence management.

This PubTak will focus on the pros and cons of the many different types of funding entrepreneurs have available to them. Scott’s varied experience brings along insights into planning, managing expectations and how to help businesses understand which options can be the right fit.

 
Company Pitches:
DubsLabs

Six years ago Eric Dubs, Founder and CEO of DubsLabs, quit his corporate job as a nuclear submarine propulsion engineer and spent his life savings to start a product development company. Since then DubsLabs launched the thinnest headphones available on the market, Bedphones Sleep Headphones, shipping tens of thousands of units across the globe. They are currently in process to launch their next product, Versafit: sports headphones that allow users to hear their music and their surroundings – the opposite of noise-cancelling headphones.

Locals Compass
Zilaida Salgueiro, Founder and CEO, created Locals Compass, out of a passion for travel and a desire to spend less time planning and more time experiencing destinations like a local. Born and raised in Puerto Rico, Zilaida moved to the U.S. shortly after graduating college. Since then, she has worked at companies of all sizes and stages: from Fortune 200s to startups. Locals Compass is a travel marketplace that connects travelers with locals who help them navigate their cities through personalized travel itineraries.

 
Company Update:
Odysys, Inc.
Kent Schnepp, CEO & Founder of Odysys, Inc., will give an update on what the company has been doing since they won the top prize at 2015’s Bend Venture Conference. Kent has over 18 years’ experience in internet marketing with top-tier clients including Vail Resorts, U.S. Bank, and InterContinental Hotels & Resorts. Odysys, Inc. develops and markets a SaaS marketing and technology platform that helps independent hotels significantly reduce their guest acquisition costs. The platform includes marketing automation tools and private label, commission-free booking technology.

Agenda
5:00 pm to 6:00 pm Networking – Drinks and appetizers
6:00 pm to 6:45 pm Company Presentations
6:45 pm to 7:30 pm Keynote Speaker Presentation

Cost and Registration
$25 EDCO & OEN Members
$35 Non-Members
Cost includes appetizers and a free beverage (choice of beer, wine, or soda)

Title Sponsors

https://cdn.evbuc.com/eventlogos/81966/201617pubtalktitlesponsors.png

About Economic Development for Central Oregon (EDCO)

Economic Development for Central Oregon (EDCO) is a non-profit corporation supported by private and public members and stakeholders, whose mission is to create middle-class jobs in Central Oregon by: recruiting new employers to move to the region; helping entrepreneurs start new, scalable businesses; and working with businesses that are already here to grow their operations. For more information, visit www.edcoinfo.com.

Cascade Angels Accepting Funding Applications Til May 1

Entrepreneurs seeking investment capital have an opportunity to present their early stage businesses for growth to Cascade Angels. Cascade Angels Fund 2017, LLC (“Cascade Angels Fund 2017” or the “Fund”) has opened up its second application period, which runs from April 4 to May 1, 2017. Entrepreneurs interested in applying can do so via Gust.com.

The Fund anticipates additional application rounds in the coming months and investing in 4-7 companies in 2017. Typical investments are made in early stage, Oregon-based companies from any industry. Investments are anticipated to range from $100,000 to $250,000.

Cascade Angels Fund is now in its fourth year. The Fund’s mission is to create regional opportunities for investors and businesses to drive economic growth and fuel prosperity. The Fund’s profile on Gust.com includes additional information regarding its purpose, mission and goals. Since 2014, Cascade Angels Fund has invested nearly $2M in 13 companies, all of which are still in operation and cumulatively employ over 100 people.

“We’ve already had one application period this year and were impressed with the quality of the companies coming through,” said Julie Harrelson, CEO of Harrelson Group Inc., Fund Manager for Cascade Angels. “As always, our focus is to generate returns for investors, while also positively impacting job creation and economic development in our region.”

An entrepreneur, investor and leader in Oregon’s startup community, Julie co-founded Cascade Angels Fund in Bend in 2013. She was recently named “Woman of the Year” by the Bend Chamber for the difference she has made in the business community.

Cascade Angels Fund is sponsored by Jones & Roth, Karnopp Petersen LLP, US Bank, and Harrelson Group.

*Membership in the Cascade Angels Fund 2017 is by referral and invitation only. Angel and venture investments involve a high degree of risk. Participation in the Cascade Angels Fund 2017 is limited to “accredited investors,” as defined by the general rules and regulations of the Securities Act of 1933 of the Securities and Exchange Commission AND to investors who have such knowledge and experience in financial and business matters that they are capable of evaluating the merits and risks of prospective investments.

This release is not an offer to sell or solicit investment in the Cascade Angels Fund 2017, its portfolio companies, or applying companies. The Cascade Angels Fund 2017 does not operate as a broker-dealer or investment adviser and is not registered as such with any federal or state securities regulator.

About Cascade Angels Fund

Founded in 2013, Cascade Angels is a professionally managed, investor-driven venture fund that creates opportunities for investors and businesses with connections to Central Oregon to drive economic growth and fuel prosperity. The Fund’s investors include prominent business leaders, exited entrepreneurs and institutional investors who are committed to contributing to a sustainable economy and building Oregon’s entrepreneurial ecosystem. Since 2014, Cascade Angels Fund has invested nearly $2M in 13 early stage companies that cumulatively employ over 100 people. For more information, visit www.CascadeAngels.com or www.twitter.com/CascadeAngels.

###

CENTRAL OREGON POWER SUPPLY POISED FOR GROWTH

CENTRAL OREGON POWER SUPPLY POISED FOR GROWTH,
INFRASTRUCTURE UPGRADES ANNOUNCED

BEND, OR (April 14, 2017) A recently completed study by the Bonneville Power Administration identifies needed transmission upgrades in Central Oregon to support the expanding economy – one of the fastest growing in the United States. BPA, a federal power marketer that owns and operates three-quarters of the Pacific Northwest region’s high-voltage transmission grid, studied three new interconnection requests for large loads in 2016 for Central Oregon. The study summary identifies main grid transmission upgrades needed to allow Central Electric Cooperative, Pacific Power, and Midstate Electric Cooperative to interconnect requested new large load additions.

Findings from the study confirm that the transmission grid is capable of serving Central Oregon’s current loads, with additional capacity needed to allow for our region’s growing residential, manufacturing and commercial loads, both small and large-scale.

“As an engine of the Northwest’s economic prosperity, BPA is committed to providing reliable electric transmission capacity for our customers,” said Jeff Cook, Vice President of Planning and Asset Management within BPA Transmission. “This study gives us a clear road map to respond to these requests in Central Oregon.”

In response to interconnection requests, BPA has committed to installing new equipment at the Slatt Substation on the Slatt–Buckley 500 kV line as well as upgrading equipment at the Bakeoven Substation on the John Day–Grizzly 500 kV No. 1 and No. 2 lines. This will increase the interconnection capability by 315 MW by June 2019. A remedial action scheme to automatically trip load for main grid contingencies would be required to provide additional interconnection capability. Preliminary studies show the main grid could support an additional 270 MW of new large load additions for a total of 585 MW with this new equipment and schemes. The schemes will need to be further studied and would likely take about two to three years from now to implement.

“As the primary supplier to our system, BPA plays a critical role in our ability to serve our customers,” noted Dave Markham, CEO of Central Electric Cooperative. “We are encouraged by results of this study to continue to provide affordable, reliable power to our current and future customers.”

Pacific Power Regional Manager Matthew Chancellor echoed this point: “We have been part of, and grown with, the Central Oregon community for over a century. These investments by BPA will provide everyone in the region further capacity for growth – both in the short and long-term.”

The study summary suggests major transmission system reinforcement, such as a new 500 kV line, may be required to provide additional interconnection capability in the Central Oregon area beyond the 585MW. More research, engineering and environmental review would be necessary for this large grid infrastructure project to move forward.

“It’s no secret Central Oregon is growing and new businesses want to move here. It’s our responsibility to make sure we continue to monitor our infrastructure and make the appropriate recommendations and updates to sustain our region’s growth,” said Roger Lee, CEO of Economic Development for Central Oregon.

While there has been recent press about the region’s ability to meet electric power needs, Prineville specifically, BPA’s study provides a clear overview to alleviate those concerns and show the region’s ability to increase power usage.

“In the city of Prineville, we are constantly looking toward the future,” said Steve Forrester, Prineville City Manager. “The addition of new power infrastructure will be in use within two years, and we can market that in our job creation and industry diversification efforts with EDCO.”

About Economic Development for Central Oregon (EDCO)
Economic Development for Central Oregon (EDCO) is a non-profit corporation supported by private and public members and stakeholders, whose mission is to create middle-class jobs in Central Oregon by: recruiting new employers to move to the region; helping entrepreneurs start new, scalable businesses; and working with businesses that are already here to grow their operations. For more information, visit www.edcoinfo.com.

About Bonneville Power Administration
The Bonneville Power Administration, headquartered in Portland, Ore., is a nonprofit federal power marketer that sells wholesale electricity from 31 federal dams and one nuclear plant to 142 Northwest electric utilities, serving millions of consumers and businesses. BPA delivers power via more than 15,000 circuit miles of lines and 261 substations to 475 transmission customers. In all, BPA markets about a third of the electricity consumed in the Northwest and operates three-quarters of the region’s high-voltage transmission grid. BPA also funds one of the largest fish and wildlife programs in the world, and, with its partners, pursues cost-effective energy savings and operational solutions that help maintain affordable, reliable and carbon-free electric power for the Northwest. www.bpa.gov


For Press Inquiries:

Elise Rossman
Director of Marketing and Communications, EDCO
541.388.3236 x6
elise@edcoinfo.com

Kevin Wingert
Media Relations, Bonneville Power Administration
503.230.4140 x5131
kwingert@bpa.gov

 

For questions regarding the regional power companies servicing Central Oregon:

Ry Schwark
Manager, External Communications, PacifiCorp
800.570.5838
Ry.Schwark@pacificorp.com

Jeff Beaman
Member Services Director, Central Electric Cooperative, LLC
541.312.7753
jbeaman@cec.coop

Dave Schneider
CEO/General Manager, Midstate Electric Cooperative
541.536.7282
DSchneider@mse.coop

###

We’re Hiring – Sunriver/La Pine Area Managing Director

**Application Process Now Closed**

Economic Development for Central Oregon (EDCO) works to build a stronger, more stable and diversified local economy.  We are currently looking for a Sunriver/La Pine Area Managing Director to execute the plans and programs of business retention/expansion and recruitment for projects within the La Pine and Sunriver areas. This position will assist in creating and retaining primary employment in the communities of South Deschutes County. This is an excellent chance to make an impact within the Central Oregon business community.

Want more information? The job description and application information are just a click away.

EDCO’S NEXT PUBTALK SET FOR APRIL 27 AT MCMENAMINS

EDCO’S NEXT PUBTALK SET FOR APRIL 27 AT MCMENAMINS

FEATURING DOUG LAYMAN, FOUNDER KADIX SYSTEMS

 

BEND, OR (April 5, 2017) – Economic Development for Central Oregon (EDCO) just announced the speakers for the next PubTalk to be held Thursday, April 27, 5pm at McMenamins in Downtown Bend. Tickets are on sale now and available via Eventbrite here.

EDCO’s Central Oregon PubTalk, held the fourth Thursday of the month, is a happy hour aimed at bringing together different facets of the business community in one place to network, share ideas and further local businesses. Where Beers and Business Collide!

Keynote Speaker:                                                                                 
Arve Capital LLC Managing Partner, Former Kadix Systems Founder & President Doug Layman

Doug Layman is a serial entrepreneur with over 30 years of experience in strategic consulting, technology, entrepreneurship, and investment in both Fortune 500 companies and startups. Layman was founder and President of Kadix Systems, an information technology and security company serving the Intelligence Community with clients including the NSA, DHS, FBI, and Department of Defense. Layman’s keynote will explain how starting with an initial investment of $100, over the course of seven years, Kadix Systems grew to four locations, 350+ employees, and over $50 million in annual revenue.

Layman currently manages an investment portfolio of early stage companies through Arve Capital LLC and supports philanthropic interests including OSU-Cascades and the Bethlehem Inn through the Layman Foundation. He is an avid rock climber, biker and skier, who splits his time between Bend, Oregon; Los Barriles, Mexico; and Chamonix, France.

Company Pitches:
ColorKitchen
Founder Ashley Phelps is an artist turned entrepreneur. ColorKitchen developed out of her first business, which was creating natural children’s paints made from plant colors. Stores eager for natural color baking solutions prompted Phelps to pivot her craft business into a line of natural food coloring products, now selling in over 900 stores nationwide, from Whole Foods to Target.

CEVA Bike Fit Systems
David Garcia, Founder & CEO of CEVA Bike Fit Systems, is a Bend resident and longtime recreational cyclist whose new software aims to solve a major chasm between the service that bike shops provide and what recreational bikers need: professional assistance to determine what bike is right for them. The software brings the expertise of skilled bike fitters into the ordinary sales process, by putting professional fitting skills into the hands of every bike sales person.

Company Update:
Manzama
Peter Ozolin, Co-Founder, CEO & Chairman of Manzama, will give an update on the subscription-based, Software-as-a-Service platform that aggregates news, corporate press releases, industry and trade publications, and social media from the public domain. Using proprietary search functionality and algorithms, Manzama then filters, ranks and classifies the aggregated information and automatically delivers its results to subscribers either via email, web portal or RSS. In addition, Manzama provides a powerful research engine for its subscribers, allowing them to search and create alerts, newsletters and other content.

Agenda
5:00 pm to 6:00 pm Networking – Drinks and appetizers
6:00 pm to 6:45 pm Company Presentations
6:45 pm to 7:30 pm Keynote Speaker Presentation

Cost and Registration 
$25 EDCO & OEN Members
$35 Non-Members
Cost includes appetizers and a free beverage (choice of beer, wine, or soda)

 

We’re Hiring – Director of Membership

Director of Membership Applications Being Accepted

Economic Development for Central Oregon (EDCO) works to build a stronger, more stable, and diversified local economy.  We are hiring our very first Director of Membership to actively develop our membership base. This role will be outward facing in the community in sharing how EDCO benefits our region as a whole. This is an excellent chance to make an impact within the Central Oregon business community.

 Want more information? The job description and how to apply are just a click away.

Oregon Entrepreneurs Network Announces 2017 Angel Oregon Semifinalists

RIPCLEAR, PIERCE FOOTWEAR, COLOR KITCHEN, OUTDOOR PROJECT
ALL SEMIFINALISTS IN OEN’S 2017 ANGEL OREGON PROGRAM
POTENTIAL TO RECEIVE OVER $200,000 IN FUNDING

BEND, OR (March 8, 2017) –  Out of 101 applications, three Bend-based companies and one Bend Venture Conference Winner have advanced through the next round of cuts in Oregon Entrepreneurs Network’s (OEN) 2017 Angel Oregon Program. These four semifinalists are part of an elite group of only ten companies in the Early Stage Semifinalists category.

Ripclear, Pierce Footwear, and Color Kitchen are all from Bend, and Outdoor Project took home a top prize during EDCO’s 2016 Bend Venture Conference. These four companies will compete for a spot to present at OEN’s Angel Oregon Showcase April 27th in Portland. The winner of the showcase has historically been awarded a prize worth over $200,000.

Additionally, cash prizes and loans for the top women and minority-owned businesses will be awarded at the event.

The finalists will be announced on or before March 23. Congratulations to all four companies still in the competition!

  • Pierce Footwear: “We re-invent the shoe.”
  • ColorKitchen: “Naturally vibrant food colors and artificial dye-free, plant-based, and non-GMO decorative kits for the health-conscious home-baker and bakeries.”
  • Ripclear: “Ripclear lens protectors are a patented thin film technology that protects eyewear lenses & meets ANSI Z87 military rated clarity. Screen protectors for lenses.”
  • Outdoor Project: “With 5.5 MILLION users and 700% year-over-year growth, the fastest growing website in the U.S. for outdoor recreation and travel.”


About Economic Development for Central Oregon (EDCO)
Economic Development for Central Oregon (EDCO) is a non-profit corporation supported by private and public members and stakeholders, whose mission is to create middle-class jobs in Central Oregon by: recruiting new employers to move to the region; helping entrepreneurs start new, scalable businesses; and working with businesses that are already here to grow their operations. For more information, visit www.edcoinfo.com.

About Bend Venture Conference
Bend Venture Conference, hosted by EDCO, is one of the largest angel conferences in the country. More than 500 attendees, six funds, 32 prominent investors, and 90 companies participated in 2016’s conference, where close to $4 million was awarded to 10 winners.
For Press Inquiries:
Elise Rossman
Director of Marketing and Communications, EDCO
541.388.3236 x6
elise@edcoinfo.com

###

EDCO’S NEXT PUBTALK SET FOR MARCH 23 AT MCMENAMINS FEATURING TOM GONSER, FOUNDER OF DOCUSIGN

EDCO’S NEXT PUBTALK SET FOR MARCH 23 AT MCMENAMINS FEATURING TOM GONSER, FOUNDER OF DOCUSIGN

BEND, OR (March 1, 2017) – Economic Development for Central Oregon (EDCO) announced the speakers for the next PubTalk to be held Thursday, March 23, 5pm at McMenamins in Downtown Bend. Tickets are on sale now and available here.

EDCO’s Central Oregon PubTalk, held the fourth Thursday of the month, is a happy hour aimed at bringing together different facets of the business community in one place to network, share ideas and further local businesses. Where Beers and Business Collide!


Keynote Speakers:

DocuSign, Seven Peaks Ventures
Tom Gonser, founder of DocuSign and Partner at Seven Peaks Ventures, will be this month’s keynote, interviewed by his colleague Corey Schmid, Partner at Seven Peaks Ventures. Gonser founded DocuSign 13 years ago. As CEO and chief strategist, he navigated the company through explosive growth and hundreds of millions in funding, while turning the company into an industry leader.

Company Pitches:
The Water Kefir People
Jacinda Swan, CEO and Founder of The Water Kefir People, has been brewing and fermenting Water Kefir in Hawaii since 2015. She and her partner created a handcrafted dairy-free probiotic beverage line. Recently relocated from the Hawaiian island of Kauai, Swan is excited about the business climate and potential to expand the business in Bend.

Food4All
Kami Semick, Co-Founder & CEO, helped establish Food4All, a farm-to-table commerce and business management platform creating a dynamic online marketplace for selling, buying, distributing, and delivering local food. Food4All supports sustainable, healthy communities by making it easy to find and buy fresh food from local farms and artisan food producers. Simply browse the app, locate farms in your area and place an order for local products.

Company Update:

LeadMethod
Justin Johnson, CEO of LeadMethod, a software company helping sales teams and companies maximize leads. LeadMethod is a revolutionary software platform built specifically for companies selling through an outside channel of distributors and independent representatives, helping them automate the lead capture and distribution process, generate real-time feedback from their channel partners, and make data-driven decisions to increase sales.

Agenda
5:00 pm to 6:00 pm Networking – Drinks and appetizers
6:00 pm to 6:45 pm Company Presentations
6:45 pm to 7:30 pm Keynote Speaker Presentation

Cost and Registration 
$25 EDCO & OEN Members
$35 Non-Members
Cost includes appetizers and a free beverage (choice of beer, wine, or soda)

Questions?
Contact Economic Development for Central Oregon (EDCO): ereilly@edcoinfo.com or 541-388-3236 x3.

MILKEN INSTITUTE RELEASES NEW STUDY ON BEND-REDMOND MSA

MILKEN INSTITUTE RELEASES NEW STUDY ON THE BEND-REDMOND MSA
RECOGNIZING REGION’S SUCCESS, GROWTH

BEND, OR (February 27, 2017) – The Los Angeles-based Milken Institute released the findings to its most recent Best Performing Small Cities study, affirming the Bend-Redmond area as number one in the country. The Milken Institute has tracked and evaluated the success of metropolitan areas in its Best-Performing Cities index since 1999, highlighting urban regions that are outperforming their peers on key measures of economic health, including total employment and wage growth.

Led by economist Minoli Ratnatunga and a team of research analysts at the Institute, conclusions from their investigation included a list of nine “key findings” across a broad spectrum of factors. While some success factors were specific to the location (i.e. scenic beauty), several policies and strategies employed in the Bend-Redmond area could be implemented in similar regions across the country. The just released “Regional Performance Over Time” research aims to identify those elements.

“We really enjoyed learning more about the extremely collaborative approach the Bend-Redmond region continually takes towards development and think it bodes well for your economy,” stated Minoli Ratnatunga, Associate Director of Regional Economics Research at the Milken Institute. We hope that the lessons learned from Central Oregon will be of use to local decision-makers across the country.”

This past fall, Economic Development for Central Oregon (EDCO) helped Milken Institute researchers with introductions to individuals and organizations across the area that could provide perspectives and illuminate strategies and efforts to improve and diversify the economy.

“It was an honor to work with the Milken Institute economists, and to be selected for this study,” said Roger Lee, EDCO Executive Director. “We will be following their ongoing research about other places in the country from which we can learn and improve.”

For the complete study, click here.

About The Milken Institute

The Milken Institute is a nonprofit, nonpartisan think tank determined to increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs, and improve health. They achieve this through independent, data-driven research, action-oriented meetings, and meaningful policy initiatives. For more information, visit www.milkeninstitute.org.

About Economic Development for Central Oregon (EDCO)

Economic Development for Central Oregon (EDCO) is a non-profit corporation supported by private and public members and stakeholders, whose mission is to create middle-class jobs in Central Oregon by: recruiting new employers to move to the region; helping entrepreneurs start new, scalable businesses; and working with businesses that are already here to grow their operations. For more information, visit www.edcoinfo.com.

For Press Inquiries:
Roger Lee
Executive Director, EDCO
541.388.3236 x1
roger@edcoinfo.com

###

South Deschutes County Emerging as Next Economic Development Opportunity

Excerpt from Cascade Business News:

“Sunriver, Three Rivers South, and La Pine are poised for growth!  Perhaps now more than ever South County is in a position to grow. Infrastructure is solid and growing, the community united around growth, available property in our 330-acre business park, enterprise zone benefits,  great changes/expansion on the Hwy 97 corridor.  All that combined with low business start-up costs and it spells economic vitality. South county is poised and ready, ” according to Steve Parnell, the EDCO Sunriver-La Pine area director. Parnell works with Economic Development of Central Oregon (EDCO), Sunriver-LaPine Economic Development Advisory Board (SLED) to jumpstart projects and businesses throughout South Deschutes County or Newberry Country.

 

For the complete story, visit Cascade Business News.