US: Lawmakers approve bill supporting Nike expansion
Lawmakers in Oregon have approved a bill that could see sporting goods company Nike commit to the creation of 500 jobs and $150m in capital investment over five years.
The Economic Impact Investment Act authorises Oregon Governor John Kitzhaber to enter into agreements with companies committing to significant job growth and investment in the State, and reassures them that tax rules will not change after they make their investments.
In a statement sent to just-style today (17 December), Nike said: "We appreciate the legislative leadership, Committee leaders, and the entire Oregon Legislature's willingness to act quickly and decisively.
"This is a very positive step forward, not only for our company but for the State of Oregon. We are looking forward to reaching an agreement with the Governor as soon as possible."
Following approval of the legislation on Friday, joint committee co-chair Ginny Burdick (D-Portland) said the proposal "will create jobs and improve our economy."
Oregon is home to Nike’s world headquarters, with more than 8,000 jobs in Washington County. Since 2007, the sporting goods company has seen its employment in Oregon grow by nearly 60%.
The Zero Discharge of Hazardous Chemicals (ZDHC) Group has launched version two of its Joint Roadmap, aimed at attaining a "new standard of environmental performance for the global apparel and footwea...
The Sustainable Apparel Coalition (SAC), which is working to reduce the environmental and social impacts of global apparel and footwear production, has launched a new interactive tool to help provide ...
Although major US companies have shown interest in importing garments from Burma/Myanmar, systems and infrastructure need to be improved and restructured before significant US-Burma clothing and texti...
The most-read stories on just-style this week include calls by a US government official for garment buyers to continue sourcing from Bangladesh, PVH executive Mark Green's vision for the future supply...
Nike will stop producing merchandise for Livestrong, the charity set up by disgraced cyclist Lance Armstrong. ...
Thousands of garment workers have clashed with police as protests for higher pay escalated this week at a Nike clothing supplier in Cambodia....
- Under Armour on track with new UAS sportswear line
- Myanmar garment exports surged 20% in 2015
- EU trade ministers push on TTIP and Canada pacts
- Unravelling cotton's supply and demand challenges
- What does the future hold for world wool supply?
- US retailers urge action on Hanjin Shipping crisis
- Zara launches eco-friendly Join Life collection
- Adidas unveils first Speedfactory running shoe
- Bangladesh calls for US duty-free apparel access
- Ascena Retail disappoints amid challenging year
- Too Many Standards
- Apparel (GLOBAL) - Industry Report
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Ralph Lauren Corporation : Retailing - Company Profile, SWOT & Financial Analysis
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras