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Commissioner Steve Novick

Official Website for Commissioner Steve Novick

Phone: 503-823-4682

fax: 503-823-4019

1221 SW 4th Ave. Suite 210, Portland, OR 97204

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Huffingtonpost: Portland Divests From Walmart

May 16, 2014 | Huffingtonpost.com-- Walmart and Portland, Oregon don't mix.

Portland Business Journal reports that on Thursday, Portland city officials announced it will not be making any more investments in the world's largest retailer and that the first of the city's Walmart holdings had expired.

Oregon's KOIN reports that the investment pullback came after Portland leaders determined the mega-retailer is "not a socially responsible company." Portland had about $36 million invested in Walmart, or about 2.9 percent of the city's investment portfolio. The city announced Thursday that it would be free of all remaining holdings by 2016. READ FULL ARTICLE