>La Grande Observer | Union and Wallowa Counties' News Leader

Observer news Yellow Pages NE Oregon Classifieds Web
web powered by Web Search Powered by Google

Follow LaGrandeObserver.com

AP Business Video

AP Market Headlines

  • Stocks edge lower as investors reassess Fed fears
    NEW YORK (AP) -- Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower....
  • Summary Box: Stocks recover from an early swoon
    UPS AND DOWNS: Stocks plunged at the opening of trading but recovered by midday. A rout overseas and in the early going on Wall Street was set off by a slowdown in China and worries that the Federal Reserve might slow down its bond purchases. By the afternoon the U.S. market had recouped nearly all of its loss....
  • How the Dow Jones industrial average fared
    Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. The dip gave investors who missed this year's stock market surge an opportunity to get into the market, and by midday stocks had recouped most of their early losses. The Dow was down as much as 127 points....

Recent article comments

Powered by Disqus

Home arrow News arrow Business arrow INCUBATION

INCUBATION

Crickets once grew inside this old building at the Airport Industrial Park near La Grande.

When Jeff Oveson gets through remodeling it, the building will have a design which should help a half-dozen local emerging businesses grow.

The ugly, green-topped 100- by 150-foot, essentially windowless concrete block of a building was given to the Union County Economic Development Corporation by Community Bank after the bank foreclosed on the owner. It had been used by the R&R Bait Co., which grew crickets for sale as pet food.

UCEDC recently completed the sale of the 2.2-acre site on Smith Loop to Oveson, who will remodel it, putting in windows and a number of doors as well as remodeling the inside to include seven work bays of about 1,500 square feet each for startup companies wanting to locate there.

There will be four offices as well as a reception area, a break room and bathrooms.

"We'll repaint, put in concrete walkways. It is structurally fine, but it will look like a new building," Oveson said.

UCEDC will manage the facility for four years under the terms of the sale. UCEDC has some prospects interested in locating in the center, said UCEDC executive director Joel Frank.

A committee is working on a marketing plan, hoping to have it ready by the time the remodeling is completed in June.

Oveson, who lives in Wallowa and manages the Grande Ronde Model Watershed, said contractor Lyle Davidson will start the remodeling project "right away and should be done in 90 days."

Oveson said the interior will be designed with moveable walls to accommodate the businesses as they grow or shrink or to accommodate various size businesses when they first locate there.

"I know there are about three businesses interested in locating in the building. I think it will appeal mainly to light manufacturing-type businesses.

– Ray Linker

 
blog comments powered by Disqus
News
Local / Sports / Business / State / National / Obituaries / Public Notices
Opinion
Editorials / Letters / Guest Columns / Columnists
Features
Outdoors / Ag / Spiritual / Go Magazine / Portraits
Classifieds
View all classifieds / Jobs / Autos / Real Estate / Rentals / Place an Ad
The Observer
About / Contact / Commercial Printing / Subscriptions / Terms of Use / Site Map
Also Online
Photo Reprints / Slideshows / Weather and Valley Cam / /index.php?option=com_rss&feed=RSS2.0&no_html=1">RSS Feed ?> RSS Feed

Follow La Grande Observer headlines on Follow La Grande Observer headlines on Twitter

© Copyright 2001 - 2013 Western Communications, Inc. All rights reserved. By Using this site you agree to our Terms of Use

LaGrandeObserver.com works best with the latest versions of Mozilla Firefox, Microsoft Internet Explorer or Apple Safari