City of Beaverton Announces Local Investment Initiative

(BEAVERTON, Ore.) - Mayor Denny Doyle will be presenting ceremonial checks to several community banks this Friday at 7:30 a.m. at the Beaverton Area Chamber of Commerce (12655 SW Center Street). As part of the Mayor's 10 Point Plan for 2010, Mayor Doyle pledged to place a portion of the City's investment portfolio in local banks.

The City is currently on target to meet that pledge. By the end of November, the City will have deposited $240,000 into each of the seven local financial institutions, for a total of $1.7 million deposited in our local community.

"By partnering with local banks, we can help make resources available to support community reinvestment efforts," said Mayor Doyle.

Representatives from six of the seven banks will be honored at a presentation held jointly with the Beaverton Area Chamber of Commerce. The seven local banks participating in the imitative are: Columbia Community Bank, Northwest Community Credit Union, On-Point Community Credit Union, Pacific Continental Bank, Umpqua Bank, Unitus Community Credit Union, and West Coast Bank.

Today's local investment announcement is one of several recent announcements by the City to expand resources and support for the City's business community. Other recent announcements have included the launch of the Main Street Program and the adoption of a Small Business Incentive Program.

For more information, please contact Patrick O'Claire, Finance Director, at (503) 526-2242 or e-mail financemail@ci.beaverton.or.us.

ABOUT BEAVERTON
Beaverton was one of just four cities of its size recently recognized as a "Smarter City" energy leader by the Natural Resources Defense Council and one of the 100 Best Places to Live in America by Money Magazine. In addition, Beaverton has been named the safest city in the Pacific Northwest for three consecutive years, as one of the best places to raise kids by BusinessWeek magazine, an All-America City finalist, one of the 100 Best Walking Cities in America by Prevention Magazine, the Recycler of the Year from the Association of Oregon Recyclers, a Tree City USA, a Bronze Award Bicycle Friendly community designation by the League of American Bicyclists and as one of the Environmental Protection Agency's Green Power Communities. Beaverton also enjoys the most diverse population (by percentage of population) among Oregon cities.

News Release from: City of Beaverton