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Profacture Corporation is Relocating to Oregon's Silicon ForestMorgan Hill, Calif., December 13, 2002 -- Profacture Corporation, a leading designer, re-manufacturer and supplier of components and integrated electromechanical assemblies for the semiconductor capital equipment market and other high technology industries, today announced that they are relocating the company's operations to Beaverton, Oregon. The company has been searching for an area to relocate for the past 6 months and has recently selected the Portland metropolitan area because it offers businesses a favorable place to relocate with a well educated and stable work force and an economy that is diverse and growing. The region's high quality of life makes it easy to attract workers to the area and keep them. The metropolitan area is strategically located, with easy access to West Coast markets and beyond. Oregon was also selected because of its' favorable tax rates which does not levy sales, business and occupation, real estate excise, business inventory or value-added taxes. Manufacturing is one of the largest sectors of Portland’s economy, employing about 16 percent of the work force. Major manufacturing industries include machinery, electronics, metals and transportation equipment. High technology is a vital part of Portland’s economy, with close to 1,000 high tech companies employing some 60,000 people. The Portland metropolitan area accounts for nearly 75 percent of Oregon’s high tech manufacturing jobs and almost one-fifth of the state’s total manufacturing and has been appropriately referred to as "Silicon Forest". The move should be completed in the first quarter of 2003. The company will reside in the Parkside Business Center southwest of Portland in Beaverton, OR. About Profacture |
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