Bution conglomerate makes $5 million investment in Gresham
A trio of industrial businesses united under one conglomerate is making its way to the community with a more than $5 million investment after Gresham City Council unanimously approved a 5-year enterprise zone tax exemption during a virtual meeting Tuesday morning, June 2.
Medco, Nestor Sales and ORS Nasco plan to lease a 55,000-square-foot space at the Glisan Corporate Park in the Gresham Vista Business Park under an unwieldly combined name — Bution Holdco 2, LLC, dba ORS-Nasco, LLC and Medco, LLC. The new businesses chose Gresham because of the Enterprise Zone program, which encourages new investments and expansions among the industrial companies that call the city home.
"Welcome to Bution, we appreciate the investment in Gresham," said Gresham Councilor Jerry Hinton.
Medco and Nestor Sales are both wholesale distributors of mechanical tools and equipment, as well as paint body supplies. The Philadelphia-based companies have been in business for more than 80 years, and have a network of 15 distribution centers across the country.
At the new Gresham facility, they will occupy approximately 25,000-square-feet of warehouse space for storage and shipment of tools bound for automotive repair shops.
ORS Nasco is the country's largest pure wholesaler of industrial, welding, safety, construction, energy and janitorial products. Their corporate office is based in Tulsa, Oklahoma, and has been in business for six decades with 16 distribution centers.
Their products go to small businesses and large national chains, with products ranging from drill bits, welding helmets, ladders, heavy duty cleaners and power tools.
Bution's combined Enterprise Zone application is for an estimated $5.27 million investment through an extended 5-year abatement. To fit the qualifications, the company will hire nine new employees in Gresham and offer career pathway opportunities. It will also have to pay a community service fee to the city in years four and five, which is estimated to be $28,000. That money must be used exclusively for economic development projects.
New Taco Bell planned
A proposed new fast food restaurant will be the fourth in the area owned by Sunny Ghai, from Livermore, Calif, who operates 150 franchise restaurants, 10 gas stations and convenience stores and one hotel in multiple states. Ghai owns 21 fast food restaurants in the Portland area.
"This is about giving the consumer convenience so they don't have to wait in line or drive a longer distance," Ghai said.
The new 2,049 square foot restaurant will be located just north of 2301 N.E. 181st Ave., by a Burger King and the Bridgway Inn & Suites hotel and near the exit ramp from the I-84 freeway.
Ghai said it will have an outdoor patio for dining, as well as the usual indoor seating and drive-thru window.
"We have three Taco Bells in the vicinity and people love us so much, they are getting over busy," he said.
The proposed restaurant is wending through the process of acquiring approvals and permits from the city of Gresham.
Ghai hopes to begin construction by the end of 2020 and open the restaurant about June 2021.
Ghai said disruptions from the COVID-19 pandemic have not slowed plans for the new Gresham eatery.
"The day we have permits, we will break ground," he said.
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