AGP Executive Report
Last update: 10 hours agoBusiness Deals: Portland-based OIA Global is set to be acquired by Denmark’s Scan Global Logistics in the largest investment in the buyer’s history. OIA has more than 1,200 employees and reported $780 million in 2025 revenue. Financial Services: Numerica and Springfield-based SELCO plan to merge by 2028, creating a credit union with nearly $8 billion in assets and more than 325,000 members, pending regulatory approval and a member vote. Industrial Development: The Oregon Business Council is urging the state to create a $250 million fund to prepare industrial sites and make more land available for business growth. Washington County, meanwhile, voted to oppose large standalone data centers in unincorporated areas and restrict county support for them. Utility Costs: Cascade Natural Gas rates rise 10.7% on Oct. 31, adding about $7.38 a month for a typical residential customer. Portland General Electric says it must nearly double renewable energy to meet Oregon’s 2030 climate target, but warns that transmission limits and rising costs make it difficult to balance emissions goals with affordable rates.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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