Happy Friday. Did you have a good Fourth?
Here’s some stuff you might like.
Business: The people of Roanoke, Virginia might be wondering what Bend has against them. This week, Bend-based Humm Kombucha announced that it waspulling out of a deal with the City of Roanoke to buy land upon which to build an east coast brewery. This follows Deschutes Brewery’s announcement this Spring that it was indefinitely suspending plans to open a brewery in Roanoke. Sorry, guys. It’s not personal.
Law: A significant but often-overlooked bill passed by the 2019 Oregon legislature is a bill to create a state-run, mandatory paid family and medical leave system. Beginning in 2022, employers with more than 25 employees are required to participate, and pay 60% of premiums (the employee pays 40%). Employees who encounter a qualifying event such as pregnancy, illness, etc. will get up to 12 weeks of paid leave, with full pay for those who don’t make a lot of money, and something less than full pay for those who make more. As with the recently enacted sick leave law, many Oregon employers are going to have to get up to speed on how to implement this new mandate.
Politics: In the wreckage of the cap and trade bill, Governor Kate Brown threatened to enact portions of the bill without the legislature’s approval. President Trump did the same thing after he was unable to get the funding he wanted for the border wall. I wrote a piece for The Bulletin about the troubling trend of chief executives trying to do administratively what the legislature has declined to do. I don’t think it’s as boring as it sounds, but that might just be me.
Et cetera: A Rhode Island subsidiary of a Canadian media company has bid $2.25 million to buy The Bulletin and Redmond Spokesman newspapers in their parent company’s bankruptcy. Competing bids, at least $100,000 more than the current bid, may be submitted by July 15. I have no idea of the value of those newspapers, or really anything about the newspaper business generally, so cannot vouch for the investment wisdom of buying the newspapers. I am also unaware of anyone who is looking at bidding. However, if you are, or know someone who might be, let me know. I and others are interested in finding out whether there’s a critical mass of local-affiliated folks to bid.
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Have a great weekend!