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Wyden, Chu introduce bill to boost access to capital for small businesses owned by women and people of color

WASHINGTON (KTVZ) — Senate Finance Committee Chair Ron Wyden, D-Ore., and Representative Judy Chu, D-Calif., introduced legislation Tuesday called the PROGRESS Act that would improve access to capital for small businesses owned by women and people of color. Short for Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success, the PROGRESS Act would create two new tax

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Senators anonounce over $1.8 million investment in Oregon manufacturing public-private partnerships

WASHINGTON (KTVZ) —  Senators Jeff Merkley and Ron Wyden announced Monday that $1,852,748 is heading to the Oregon Manufacturing Extension Partnership (OMEP) to bolster Oregon manufacturers. This funding will provide public-private partnerships to small and medium sized manufacturers across the state.  “If we don’t make things in America, we won’t have a middle class in

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Wyden, Merkley, colleagues urge social media, chat platforms to boost efforts to combat 2024 election disinformation

WASHINGTON (KTVZ) — Oregon Senators Ron Wyden and Jeff Merkley said Monday they have joined Senate colleagues in calling on 11 of the largest and most popular social media and encrypted chat companies in the United States to increase resources needed to combat 2024 U.S. election administration and certification disinformation.  “We are deeply concerned that

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Oregon agency announces state’s annual maximum rent increase for 2025 will hold at 10% cap

SALEM, Ore. (KTVZ) — The Oregon Department of Administrative Services published Monday the annual maximum rent increase allowed by statute for calendar year 2025. The DAS Office of Economic Analysis has once again calculated the maximum percentage as 10%, the maximum allowed under the 5-year-old state law. Implemented in 2019, Oregon law requires DAS to

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A strike by Boeing factory workers shows no signs of ending after its first week

AP Airlines Writer A labor strike at Boeing showed no signs of ending Friday, as the walkout by 33,000 union machinists entered its eighth day and the company started rolling furloughs of nonunion employees to conserve cash. Federal mediators joined talks between Boeing and the International Association of Machinists and Aerospace Workers this week, but

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City of Bend sells 94 acres at Juniper Ridge to Taylor Brooks for $8 million, buys 3 Core Area parcels for $3.5 million

(Update: Adding video, comments by Brooks Resources President Kirk Schueler) BEND, Ore. (KTVZ) — The Bend City Council on Wednesday evening approved the sale of two lots totaling 94 acres in the Juniper Ridge Area to Taylor Brooks for $8 million and also acquired three lots in the Core area from Taylor Development for $3.5 million for

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Oregon gains 1,500 jobs in August as jobless rate holds in the same narrow range since last fall

In August, Oregon’s seasonally adjusted nonfarm payroll employment gained 1,500 jobs, following a revised increase of 6,800 jobs in July. August’s gains were largest in private educational services (+2,000 jobs) and health care and social assistance (+1,200). Declines in August were largest in leisure and hospitality (-1,700 jobs) and government (-800). Health care and social assistance expanded rapidly, adding 1,200 jobs in August

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The Biden administration will let Alaska Airlines buy Hawaiian Air after meeting certain terms

The Biden administration is letting Alaska Airlines complete its $1 billion purchase of Hawaiian Airlines after the carriers agreed to certain conditions, including maintaining maintain current service on routes between Hawaii and the mainland U.S. where they don’t have much competition. Transportation Department officials said Tuesday that no obstacles remain to the airlines closing their

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OSU receives $5.5 million from USDA to help grow market for hemp-based industrial products

CORVALLIS, Ore. (KTVZ) – Oregon State University’s Global Hemp Innovation Center will receive $5.5 million from the U.S. Department of Agriculture over the next five years to research new food, beverage and biobased industrial product uses of industrial hemp. With the funding, researchers from Oregon State and the U.SDA’s Agricultural Research Service will develop customized hemp

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Merkley, colleague introduce bill to end Prohibition-era ban on Postal Service shipping of alcoholic drinks

WASHINGTON (KTVZ) – Senators Jeff Merkley (D-OR) and Kirsten Gillibrand (D-NY) launched an effort Tuesday to end the Prohibition-era ban that prevents the U.S. Postal Service from shipping alcoholic beverages to consumers. Currently, private shipping companies like FedEx can ship alcohol, but the USPS cannot. The Senators’ USPS Shipping Equity Act allows USPS to ship alcoholic beverages

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Kroger and Albertsons make a final pitch for their merger before a judge decides whether to block it

Associated Press Writers PORTLAND, Ore. (AP) — The federal government urged a U.S. District Court judge on Tuesday to temporarily prevent a proposed merger between Kroger and Albertsons, saying in closing arguments the combination would “almost certainly” benefit shareholders and not everyday shoppers. Lawyers for the Federal Trade Commission and for the supermarket chains gave

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