Canadian investment firm Onex Corp. is buying a majority stake in Oregon-based Jeld-Wen, which owns Silver Mountain Resort in North Idaho.

Orex, based in Toronto, is spending $675 million for its majority shares of Jeld-Wen, based in Klamath Falls, The Oregonian reported.

Of the total Onex is said to be investing $475 million in cash for a 39 percent stake. It will also issue a $189 million note convertible to additional stock.

Silver Mountain Resort in Kellogg includes a ski operation, nine-hole golf course, condos and indoor waterpark.

Jeld-Wen last winter sold three central Oregon resorts to a partnership led by Northview Hotel Group of Westport, Conn. The properties were Eagle Crest near Redmond, Brasada Ranch in Powell Butte near Bend, and the Running Y in Klamath Falls. Also sold was Ridgewater Properties, adjacent to the 

If it seems not enough discussion or energy is focused on economic development in the Inland Northwest, we suggest people go find out in person, at the annual meeting of Inland Northwest Partners.

That event is Nov. 18 from 9 a.m. to 2 p.m. at the Spokane Club, 1002 W. Riverside in downtown Spokane. 

INP is an organization of communities, economic development entities and individuals looking to boost the economic profile of North Idaho and Eastern Washington. The non-profit organization advocates a “grow from within” philosophy and works to empower smaller communities and regional groups.

The meeting’s keynote speaker is De Scott, (in photo) founder and owner of Simply Northwest, a  successful  Spokane Valley retail business. Her remarks are titled: “Steps to Small Business Success.”

Cost for members is $30 and $50 for non-members. To register, go to www.imwp.org, or e-mail inlandnorthwest@comcast.net.