$125 Million ‘Made in Old Town' Project Aims to Transform Portland Into Footwear Manufacturing Mecca [Yahoo! Finance]
Under Armour, Inc. Class C (UA)
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Source: Yahoo! Finance
Portland, Oregon lawmakers last month approved phase-one funding for a $125-million effort aimed at building out a green manufacturing campus for shoes and apparel. The Made in Old Town development project will revitalize 10 buildings and four city blocks at the center of a once-vibrant manufacturing district, with the goal of creating a mecca for innovation and onshoring. More from Sourcing Journal Circular Fashion Needs 'Everyone to Want to Make This Work' NIL Showdown: A Look at the Star Power in the Women's College Basketball Final Four Judge Dismisses Class Action Accusing Nike of Greenwashing At the heart of the effort is Hilos , a software and manufacturing platform (which first debuted as a women's footwear label) that allows brands and independent designers to make 3D-printed shoes on demand. Founder and CEO Elias Stahl has run the business out of Portland's Old Town neighborhood since it launched in 2019, occupying a historic brick building that once housed Povey
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