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Business News Briefs for May 2017

Published on May 9, 2017 3:09PM

Providence Seaside honored for eco practices

SEASIDE — In recognition of achievements in sustainability, Providence Seaside Hospital has received the Partner Recognition Award from Practice Greenhealth, the nation’s leading organization dedicated to environmental sustainability in health care.

All eight Providence hospitals in Oregon were recognized for environmental achievements in the health care sector.

Michael Geller, sustainability manager for Providence Health & Services in Oregon, said “Stewardship is at the core of our mission and we have been committed to adopting sustainable practices for more than a decade. Caring wisely for our resources today, creates better, safer, greener communities for our future.”

In Oregon, Providence Health & Services is nationally recognized for environmental excellence in its recycling and waste diversion programs, recycling nearly 56 percent of its waste stream among participating hospitals.

L&C park said to generate $23M in benefits

ASTORIA — A new National Park Service report estimates that 281,576 visitors to Lewis and Clark National Historical Park in 2016 spent $16,463,400 in communities near the park. That spending supported 260 jobs in the local area and had a cumulative benefit to the local economy of nearly $23 million.

“National park tourism is a significant driver in the national economy, returning more than $10 for every $1 invested in the National Park Service, and it’s a big factor in our local economy as well,” said Superintendent Jon Burpee. “We appreciate the partnership and support of our neighbors and are glad to be able to give back by helping to sustain local communities.”

According to the 2016 report, most park visitor spending was for lodging (31.2 percent) followed by food and beverages (27.2 percent), gas and oil (11.7 percent), admissions and fees (10.2 percent), souvenirs and other expenses (9.7 percent), local transportation (7.4 percent), and camping fees (2.5 percent).

River Inn at Seaside wins nationwide award

SEASIDE — River Inn at Seaside has been awarded “Independent Hotel of the Year” at the annual 2017 AAHOA (Asian American Hotel Owners Association) conference.

During the awards ceremony held on April 13, 2017 at Henry B. Gonzalez Convention Center in San Antonio, Texas, River Inn at Seaside received the award as a national winner in the category of “Independent Hotel of the Year.” The award honors an independent hotel that sets a high standard of excellence in quality, service and guest satisfaction.

Masudur Khan, managing director, and property manager Cinthia Inzunza received the award in front of over 6,500 attendees making the annual AAHOA conference the largest gathering of lodging professionals anywhere.

“We are pleased to win “Independent hotel of the Year,” which is affirmation of our efforts and commitment. This is a huge achievement for our hotels, employees, business partners and community,” said Khan. “We are very grateful to our valued guests because without them this award would not be possible.”

Just recently River Inn at Seaside also ranked #57 out of 100 Best fan-favorite destinations by Oregon Business Magazine.

Clatsop Community reports positive results

SEASIDE — Clatsop Community Bank reported a net profit of $125,000 or $0.12 per diluted share, for the three months ended March 31, 2017, compared to net profit of $124,000, or $0.12 per diluted share, for the same period the year prior.

“Management is pleased to report another profitable quarter for Q1 2017. Our expense ratios are in line with those of other Oregon banks, despite our smaller size, and net interest income — a primary driver for earnings — has continued to grow,” said President and CEO Joe Schulte.

Total assets of $87.4 million as of March 31 increased $5.5 million, or 6.72 percent, compared to $81.9 million in assets a year ago.

Loans, net of unearned income, increased $3.7 million to $56.6 million on March 31, compared to $52.9 million a year earlier. Total deposits were $72.8 million as of March 31, 2an increase of $1.0 million, or 1.39 percent, compared to March 31, 2016.


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