PDC approves Iberdrola grant
By Christina Williams
Sustainable Business Oregon editor
Iberdrola Renewables on Wednesday got a green light from the Portland Development Commission for a $1.1 million grant designed to keep the company in Portland.
The Portland Development Commission Board of Directors voted unanimously Wednesday to approve a $1,155,000 grant designed to ensure that Iberdrola Renewables will keep its U.S. headquarters in Portland.
The grant will be used for various tenant improvements, including technology upgrades, for Iberdrola's 57,082-square-foot headquarters at 1125 N.W. Couch St. in the Pearl District’s Brewery Blocks.
Iberdrola officials said last week they agreed to extend the lease for that office for the next 10 years.
The Portland office houses Iberdrola's wind energy control center, which is among the most advanced in the U.S,
Iberdrola announced in January that it would lay off 25 employees in Portland as the company scales back its development of new renewable energy properties for the year. But Jan Johnson, Iberdrola's spokeswoman, said last week that the company is also hiring for open positions.
@SustainableBzOR | christinawilliams@bizjournals.com | 503.219.3438
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