Nike, Inc. is a major publicly traded sportswear and equipment supplier based in the United States. The company is headquartered near Beaverton, Oregon, which is part of the Portland metropolitan area. It is the world's leading supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$18.6 billion in its fiscal year 2008 . As of 2008, it employed more than 30,000 people worldwide. Nike and Precision Castparts are the only Fortune 500 companies headquartered in the state of Oregon, according to The Oregonian.
The Portland Classic is an annual golf tournament for professional female golfers on the LPGA Tour. Founded in 1972, the 54-hole event takes place every year in the Portland, Oregon area and is the oldest continuous event on the LPGA Tour. Tournament Golf Foundation has managed the tournament since its beginning and also managed the Safeway International tournament on the LPGA Tour. The 2008 Safeway International Presented by Coca-Cola marked the conclusion of Safeway's sponsorship of the Phoenix, Arizona area LPGA event.