“Don’t Be Misled” from Oregon Secretary of State

Mailings Offer Unneeded Services

July 2014

Oregon businesses have ​reported receiving a letter from Oregon Business Filing Services offering a certificate of standing (certificate of existence) among other services. Although the letter might appear to be from a government agency​​, it’s not. Oregon Business Filings Services charges a fee of $59.99. The Secretary of State Corporation Division provides certificates of existence for $10.00 each. Please visit our certificate page and complete a request form if you need a certificate of existence.

To see the complete article, click HERE.

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August 2014 Member Spotlight: Oregon Commission for the Blind

OCB Color LogoFor over 50 years, the Oregon Commission for the Blind has been an important resource for Oregonians who are blind or low vision as well as their families, friends, and employers. Our mission is to assist Oregonians who are blind in making informed choices and decisions to achieve full inclusion and integration in society through employment, independent living, and social self-sufficiency. Headquartered in Southeast Portland, our nationally recognized programs and expert staff work with individuals who are blind to instill confidence and build skills in all aspects of day-to-day life. Some of our training includes computer and technology skills, cooking, woodshop, career exploration, job development and job placement assistance.

Businesses as Partners
The Oregon Commission for the Blind (OCB) recognizes that businesses are an essential partner for maximizing employment opportunities for Oregonians with vision loss. Our partnering businesses provide us information regarding economic issues related to particular industries, current hiring practices, and employment opportunities. Employers throughout Oregon also set the tone for best practices around diversity and inclusion in the workforce. OCB would like to recognize all of the businesses that have hired, promoted and retained qualified employment candidates over the years. We could not do the important work we do for our clients each day without you!

Worksite Analysis / Worksite Accommodations Assessment
Our professional consultants are available to review and adapt worksites to optimize them for use by employees who are blind or low vision. In most cases, our staff can find a solution to any barrier presented at a worksite to assist Oregonians with vision loss in gaining/retaining employment and to insure that our employers are equipped with qualified employees who have the tools they need to be productive on the job.

Employee Recruitment
We connect businesses with qualified applicants and we connect our clients with exceptional business throughout Oregon. We are always looking for new businesses who would like to work with us to insure qualified Oregonians with vision loss are able to acquire and retain employment. We provide paid interns at no cost to the employer, funded through the State of Oregon Commission for the Blind, and we cover all workers compensation insurance while our participants are in a Work Experience. If you would like to become a part of our network of exemplary businesses seeking to employ Oregonians with vision loss, please contact us.

Morgan Rincon, MS, CRC
Employment Development Coordinator
Oregon Commission for the Blind
971-673-1593

To Learn more about OCB please visit our website at
www.oregon.gov/Blind

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Key Employee Protection Preserving Your Business

Plan today for the future.

As a business owner, you recognize the importance of insuring your building, inventory, and equipment. These assets are vital to the success of your company. But what would happen if a key employee died unexpectedly or became disabled?1

Key employees are the foundation of a successful business. They are business owners, sales directors, CFOs, or any other individuals who are sources of leadership and profitability, and who would be extremely difficult to replace. Unless the proper steps are taken, the death or disability of a key employee can be devastating to the financial well-being of your company.

The solution: Key employee protection.

Funding a plan to protect key employees may give your business the additional funds it needs to:

  • Hire and train replacements.
  • Replace an employee’s contribution to profits.
  • Maintain the confidence of clients and creditors.
  • Meet possible loan obligations if the key employee was also a guarantor on business loans.

There are three basic options for funding the costs associated with the sudden loss of a key employee: cash accumulation or a sinking fund, borrowing from a bank, or life insurance.

Cash or sinking fund.

In this option, a business establishes a savings plan, much like a bank account, to protect itself from the death or disability of its key employees. At death, the cash in the savings plan is used as a source of funding. Unfortunately, this method has several drawbacks:

  • A savings plan accumulates funds over time. What if funds are needed tomorrow?
  • Accumulated cash could cause an accumulated earnings problem.
  • Any growth on the accumulated funds may be income taxable.
  • A savings plan may be depleted to pay for other expenses.
  • The business owner will pay dollar for dollar, thus depleting the amount of cash that could be used elsewhere.

 Borrowing funds.

In this option, funds are borrowed, usually through a bank loan, to replace the financial loss caused by a key employee’s death or disability.

Drawbacks of this option include:

  • A potential slowdown in business growth due to additional loan repayments.
  • A reduction in future profits may occur because of the loan repayment.
  • The business owner will pay dollar for dollar plus interest.
  • The company’s credit may be adversely affected due to greater debt.

Insurance.

Purchasing life and/or disability insurance on your key employees can be a cost-effective way to safeguard your business and minimize the impact of a key employee’s death or disability. Life insurance and/or disability insurance can provide your business with the following advantages:

  • Funding with insurance is easy to administer.
  • Funds are available even if death or disability occurs the day after coverage begins.
  • Although the premiums are not deductible, the life insurance proceeds at death are generally received income tax-free to the business.

 Funding the future plan.

The business applies for a life insurance policy on the life of a key employee. The business is the owner and beneficiary of the policy. As policyholder, the business pays premiums to an insurance company for the policy as long as the key employee is alive and an employee. Should an insured key employee die, the death benefit proceeds from the insurance policy would pass generally income tax-free to the business,2 providing an immediate cash source for debt repayment, liquidity, or other related concerns.

This educational third-party article is provided as a courtesy by Kevin Sippel, Agent, New York Life Insurance Company. To learn more about the information or topics discussed, please contact Kevin at 503-422-0790 email ksippel@ft.newyorklife.com

1Disability insurance is available through one or more carriers not affiliated with New York Life, dependent on carrier authorization and product availability in your state or locality.

2The Pension Protection Act of 2006 established that the death benefit of an employer-owned life insurance policy will be income taxable to the extent that the benefit exceeds premiums paid unless the parties fit into one of the specified exception categories, a specified form of notice is provided to the employee, and the employee consents to be insured.

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New Member Showcase – July 30

Please join the Chamber on July 30th for a New Member Showcase featuring the products and services of new chamber members – see list below.

New Member Showcase
July 30th | 7:30-9:00am
1417 SE 107th Ave | MAP


Gresham Ford Appreciation BBQ & Ribbon Cutting | Aug 7th & 8th

477You are invited to join Gresham Ford for two events: an Appreciation BBQ and a Ribbon Cutting Celebration.

Gresham Ford Appreciation BBQ
August 7th | 6:00-8:00pm
RSVP by Aug 5th: awilliamson@greshamford.com

Gresham Ford Ribbon Cutting
August 8th | 9:00am

1999 E Powell Blvd | Gresham, OR


Community Events

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Sunday Parkways
Southeast Portland
August 24th | 11:00-4:00

Southwest Portland
September 28th | 11:00-4:00

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Government & Economic Affairs AM Meeting

Please join the Chamber on July 16th for an opportunity to learn about the Willamette Falls Legacy Project with Carlotta Collette of Metro.

Carlotta Collette | METRO
July 16th | 7:30-9:00am
Adventist Medical Center
Lower Level – Education Room A
10123 SE Market St | MAP

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For the first time in 150 years, Oregonians have the opportunity to rediscover a cultural and scenic treasure: Willamette Falls. A public vision and master plan are taking shape, with the goal of transforming a 23-acre industrial site nestled along the Falls in historic Oregon City. This former paper mill could someday serve as an economic engine, a waterfront destination, a unique habitat, a window into Oregon’s past – and a bold step into our future.

Whatever develops on the landscape will be shaped by Willamette Falls, roaring in the Willamette River below. The largest waterfall in the Pacific Northwest, it was long an important cultural and gathering place for Native American tribes. The Oregon Trail ended here. And throughout the 1800s, the Falls made history by generating energy for Oregon’s early industries and cities and fueling the nation’s first long-distance electrical power transmission. That industrial legacy ended in 2011, when the Blue Heron Paper Co. closed its doors – the last in a succession of businesses that contributed to Oregon City’s strong working waterfront. Click here to read more.

Carlotta Collette | Metro


New Member ORIENTATION - July 15th | 11:30am-1:00pm

The East Portland Chamber of Commerce Membership Committee invites you to attend our next New Member Orientation. This meeting will cover the benefits of being a Chamber member, updating your website profile, getting more involved with your Chamber, and maximizing your Chamber membership. You will also have the opportunity to meet Chamber board members and Committee Chairs and ask questions regarding the Chamber and your memership.

Non-alcoholic beverages and light appetizers will be provided by Fenders Moto Cafe and the Chamber. Please feel free to order lunch from Fenders’ delicious menu.

416July 15th | 11:30-1:00pm Fenders Moto Cafe
4336 SE Woodstock Blvd | MAP
Please RSVP


New Member SHOWCASE - July 30th | 7:30-9:00am

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New members are invited to host a table in the East Portland Chamber of Commerce New Member Showcase. The showcase is a benefit to new members and is an opportunity to introduce yourself, your business and your products and/or services to the general membership. Space is limited so get your RSVP in early! Please contact Paul Hill at Nightowl Custom Apparel to order an affordable tablecloth for your table.

July 30th
7:30-9:00am (setup 7:00-7:15am)
CherryWood Village
1417 SE 107th Ave
FREE
Please RSVP if you would like a table


Community Events

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Sunday Parkways
Northeast Portland
July 27th | 11:00-4:00

Southeast Portland
August 24th | 11:00-4:00

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Education AM – July 2nd

Please join the Chamber for an Education AM with Taylor Ellwood of Imagine Your Reality.

July 2nd | 7:30-9:00am
CherryWood Village
1417 SE 107th Ave | MAP

How to stop selling and start helping buy from you.
Sales is often treated as an esoteric skill that few people master and many people try. The best sales person is depicted as someone who can get into anyone’s head and get them to buy. The truth is that sales isn’t an esoteric skill. It’s something all of us can do, and something we do a lot, without realizing it. During this presentation, Taylor Ellwood will teach us how to develop a sales process that moves you from trying to sell to helping your prospect get to a place where s/he is ready to buy.
17Taylor Ellwood
Imagine Your Reality Business Coaching
Taylor Ellwood is a strategic resource for his networking partners and clients. He has over 10 years of experience in business operations and process development, as well as strategic implementation of business plans. Taylor is also one of the premier networkers in Portland, Oregon, and has an avid passion for connecting people with the right resources to help them solve the problems keeping them up at night.

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Large Business Panel Discussion

Kevin Minkoff, CPA – Not Your Ordinary Bean Counter – performed flawlessly as MC for the East Portland Chamber of Commerce’s Government & Economic Affairs Committee hosted Large Business Panel Discussion on June 18, 2014.

Kevin called the group to order at 7:50am and asked the panel participants to introduce themselves. Included were Ryan Pieratt of Home Depot, Stephen Backstrom of US Bank and David Russell of Adventist Medical Center. They each took about 3 minutes to talk about their respective companies.

Panel members then responded individually to the following questions posed by Kevin.

  1. What keeps you in East Portland, and what is your biggest obstacle of doing business in East Portland?
  2. How hard is it to find employees that have the right skill set; and once hired, who do you depend on to support your employees with education and HR?
  3. What words of wisdom or lessons learned can you share with us about any new strategies you have implemented to get more business for your company?
  4. How can we as a chamber be more beneficial to you in your continued success?

The panelists were in general agreement that East Portland is economically active and growing. They all discussed the importance of finding skilled and educated candidates for employment, and that there was no shortage of talent in the region. Being large businesses they all had well-staffed internal departments to cover employee education and human resources.

They all agreed that personal contact was extremely important to business development, which is why all three businesses have joined the East Portland Chamber of Commerce.

Ryan Pieratt mentioned Home Depot’s transition from mailing thousands of coupons to potential customers each year to more internet advertising by way of website, e-mail and Social Media. Ryan, Steve and David said that the East Portland Chamber of Commerce has done an excellent job at advocating for all businesses, small and large, in East Portland.

They expressed their frustration with the current Portland city administration and their lack of attention and financial support of East Portland, in contrast to their continued focus on the West side, as each of the new city legislators had promised during their respective campaigns. All of the panelists would like to see continued and expanded advocacy for business in East Portland.

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EPCC Member Hosted AM | Classique Floors | June 25th 7:30-9:00am

Please join the Chamber for a Member Hosted AM on June 25th at Classique Floors.

June 25th | 7:30-9:00am
Classique Floors
14127 SE Stark St | MAP

129Classique Floors is one of the Portland area’s leading providers of commercial floor covering. Started in 1977, Classique Floors has built a reputation on providing stellar customer service, unparalleled selection, and consistent value to its clientele.

Built to inspire, our showroom is stocked with a full array of samples of our flooring and countertop lines and will demonstrate not only the extraordinary beauty of our products but the limitless possibilities at your fingertips when you choose Classique Floors. Ready to help you get started, our team of professionals can help you plan an intricate project or simply answer any questions you may have.

Whether you’re looking for hardwood floors for the den, granite countertops for the kitchen or distinctive carpeting for the stairs, we have the product selection, the expertise, and the showroom to inspire and help you make the perfect choices for your home.


Small Business Town Hall

457Representative Chris Gorsek and a panel of local business owners and city employees want to know what you think. At this upcoming Small Business Town Hall they will discuss a variety of topics including:

  • Providing advice and training to local small businesses.
  • Helping local people get the job skills training and education they need to find good jobs.
  • Using business incubators and other innovative solutions to help local companies thrive in today’s competitive economy.

June 24th | 6:00pm
Nedspace Gresham
17116 NE Sandy Blvd


Town Hall Meeting – Street Fees

With higher-than-expected interest in the transportation funding proposal, the Portland Bureau of Transportation has relocated Tuesday’s town hall to the Oregon Convention Center, Portland Ballroom 255.

The event is free and open to the public. The Tuesday meeting is intended to focus on how the transportation fee would work for businesses, non-profits and other non-residential land uses. Participants are encouraged to discuss ways improve the proposal or suggest alternative ways of raising money for transportation safety and maintenance. A Wednesday night meeting will focus on the fee for households.

“Portlanders are passionate about participating in local government,” Mayor Charlie Hales said. “We welcome ideas about how they want to improve the transportation fee, or alternative proposals on par with the $53 million it would raise. There’s no question we need to invest in basic transportation maintenance and safety.”

The Tuesday event is the first of two town halls coming up:

  • Town Hall on Business and Non-Residential Fee: 8 to 9:30 a.m., Tuesday, June 24, at Oregon Convention Center, Portland Ballroom 255, 777 NE Martin Luther King Jr. Blvd.
  • Town Hall on Residential Fee: 6:30 to 8:30 p.m., Wednesday, June 25, at Kaiser Permanente’s Town Hall, 3704 N Interstate Ave.
  • The town hall meetings will provide an opportunity for the public to speak with transportation staff, ask questions and make comments to Mayor Hales, Commissioner Steve Novick and Transportation Director Leah Treat.

460The City Council delayed the proposal June 4, after five months of Our Streets PDX town halls, online surveys, advisory committee meetings and a five-hour public hearing May 29. Two upcoming town halls will kick off the next phase of outreach through October, designed to gather input to address the needs of businesses, non-profits and low-income households.

For more information about the Our Streets PDX funding conversation and the proposed Transportation User Fee, see the project web page: www.ourstreetspdx.com.

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Big Business on the Eastside with Adventist Health, Home Depot & US Bank

Please join the Chamber on June 18th for a large business panel presented by the Government & Economic Affairs Committee.

June 18th | 7:30-9:00am
Adventist Health
Lower Level – Education Room A
10123 SE Market St

Adventist Health, Home Depot and US Bank will each have a representative on the panel answering questions from our Government & Economic Affairs Committee and chamber members. Topics could include:

  • What keeps you in East Portland?
  • What makes you unique from your locations in other parts of town or other cities?
  • What is one of your biggest challenges?
  • How hard is it to find employees that have the right skill set?
  • Once hired, who do you depend on to support your employees? Education? HR?
  • Please share words of wisdom or lessons learned about things you would have done differently.
  • What is your biggest obstacle of doing business in East Portland?
  • Do you feel there is an advocate for your business within the city, county or Oregon legislature?
  • Can you share any new strategies you have implemented to increase business for your company?
  • How can we as a chamber be more beneficial to you in your continued success?
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Member Hosted AM – Oregonians Credit Union

Please join the Chamber on June 11th for a Member Hosted AM at Oregonians Credit Union.

Member Hosted AM
Oregonians Credit Union
June 11th | 7:30-9:00am
Oregonians Credit Union
336 NE 20th Ave | MAP

447Oregonians CU logo Established in 1936, Oregonians Credit Union provides credit union services to over 3,000 employer and association groups throughout the state of Oregon. We exist to provide our members an opportunity to improve their economic well being. Oregonians CU offers a full range of financial products and services with warm and friendly service. While Oregonians Credit Union offers the same sophisticated financial products and services as many large banks, our service and value are worlds apart.

Stop by and see their new St. Johns branch, managed by Emily Spall.


After Hours @ Wellness at the Center | Trent Wilson | June 12th

11.0x5.5-NPPV08-39-Jaffe-Chicagoland-IL-CUST-4c-68701-Rindd.inddPlease join the chamber for an exciting after hours event at Wellness at the Center with new member, Trent Wilson, Massage Therapist.

  • Wellness Gift Packages will be available to EPCC members at incredible savings!!
  • Beer and Wine!! Hors d’oeuvres!! Raffle Prizes!!
  • Massage & Auricular Acupressure Demonstrations

June 12th | 5:30-7:30pm
Halsey Plaza | 8401 NE Halsey Suite 101
Across from Sunshine Dairy


7th Annual Golf Tournament - June 20th | Sign Up Today!

434Support the voice of East Portland by joining us for our 7th Annual Golf Tournament. Golfers can enjoy a full day on world class golf course with PRIZES for the top 3 teams and challenge winners.

June 20th
8:00am Registration
8:30am Shotgun Start
Glendoveer Golf Course
14015 NE Glisan St

Not a Golfer or can’t spare the whole day? Finish your Friday networking at the Golf Awards BBQ and win amazing raffle prizes! Whether you golf all day or join us for an afternoon BBQ, you can expect to enjoy good food, great networking, a cash bar and raffle prizes. Please join us and support your East Portland Chamber of Commerce, a non-profit, volunteer-run organization advocating for business on the Eastside. Click here to download a flyer or register online. Sponsorship opportunities are still available.


Ribbon Cutting Held at Harbor Freight Tools on June 4th

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Harbor Freight Tools
5035 SE 82nd Ave
Portland OR 97266

Photo by David Ashton – EastPDXNews.com

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