Archive for August 2020
Meet Chad Sobotka – and his Pandemic Project
Chad Sobotka is a brilliant Network Engineer. He manages the Ashland Fiber Network and works 7 days a week at times, making sure the network is up and running smoothly, especially during the pandemic, when the internet is as essential a service as water and electricity. The COVID-19 stress as well as the stress of…
Read MoreOregon Pacific Bank Announces Second Quarter Earnings Results
Oregon Pacific Bancorp, and its wholly owned subsidiary Oregon Pacific Bank, reported quarterly net income of $830 thousand, or $0.12 per diluted share compared to $1.0 million, or $0.15 per diluted share for the quarter ended June 30, 2019. Through June 30, 2020, the Bank recorded year-to-date net income totaling $1.5 million, or $0.21 per…
Read MoreYelp Economic Average Uncovers a Drop in Total Business Closures and a Rise in Permanent Closures During the Second Quarter
By Julianne RoweSenior Manager, Corporate and Product Communications | Yelp, Inc. Yelp Inc. (NYSE: YELP), the company that connects people with great local businesses, released second quarter data for the Yelp Economic Average (YEA) report, a benchmark of local economic strength in the U.S., which has been adapted to reveal the dramatic impact COVID-19 has had on local economies.…
Read MoreAll About DoorDash
Food Delivery is one segment of the economy that took off as we shut down because of COVID-19. I was visiting a friend on their ranch for dinner and I thought they were going to have BBQ. I was pleasantly surprised when they ordered DoorDash and they delivered from a local Pizza Place. I got…
Read MoreUmpqua Bank Releases Nationwide Study gauging the impact of COVID-19
Umpqua Bank | DHM Research Business Resiliency Survey – August 2020 Umpqua Bank released its “Business Resiliency” survey, a nationwide study gauging the impact of the COVID-19 pandemic on the confidence and future of U.S.-based small and mid-size businesses. More than 1,200 leaders at companies across all industries and geographic regions were surveyed on how…
Read MoreMcMenamins is looking for investors for the first time outside the family
From invest.mcmenamins.com McMenamins is looking for investors who are interested in revitalizing neighborhoods, honoring art, bringing history to life, and building community – all while having fun. McMenamins has created an investment package for its Series A Preferred Stock. Although this is the first time the company has opened direct investment in McMenamins, Inc., to…
Read More5 Minute Profile: Hydro Flask, Bend
By Jim Teece Each Month I spend 5 minutes using the web to find information about Oregon Companies. Hydro Flask is the award-winning leader in high-performance, insulated stainless steel beverage and food flasks. Founded in 2009 in Bend, Oregon, Hydro Flask is committed to bringing customers Unexpected Refreshment each and every time through the unique…
Read MoreJuly 2020 Employment and Unemployment in Oregon’s Counties
by Press Release State or Oregon Employment Department In July 2020, 35 of Oregon’s 36 counties experienced over-the-month decreases in their unemployment rates. In 19 counties, unemployment rates dropped by 1 percentage point or more. Clatsop County experienced the largest over-the-month decrease at 2.6 percentage points. Counties with the smallest percentage point changes in their unemployment…
Read MoreLithia Reports Highest Second Quarter Net Income in Company History
Declares Dividend of $0.31 Per Share for Second Quarter by Press Release Lithia Motors, Inc. www.lithia.com Lithia Motors, Inc. (NYSE: LAD) today reported second quarter 2020 revenue of $2.8 billion. Second quarter 2020 net income per diluted share was $3.38, a 29% increase from $2.63 per diluted share reported in the second quarter of 2019. Adjusted…
Read MoreOregon Jobs Recovery Slows in July
by Anna Johnson, Senior Economic Analyst, for Employment in Oregon Oregon’s total nonfarm payroll employment rose by 20,500 jobs in July, following a gain of 57,000 jobs in June. Over the past three months, employers added back 38 percent of the jobs that were cut in March and April. Over-the-month job gains in July were largest in leisure and…
Read MoreHunter Gets Bought, and a New CEO, Wins Awards and Launches Fiber to the Home in Medford. All since April.
by Jim Teece Via Press Releases and an Interview Big things are happening at Hunter Communications (Medford, Jackson County) during the Pandemic. They were purchased by Grain. They hired a new CEO. They received an award for the fastest internet in Oregon They are going to roll out affordable and fast Fiber-To-The-Home in the markets they…
Read MorePowell Green Lights Easier Policy But Details Lacking
By Tim Duy, Senior Director, Oregon Economic Forum, Professor of Practice Department of Economics, University of Oregon duy@uoregon.edu Federal Reserve Chair Jerome Powell delivered his much-awaited speech in which he unveiled the outcome of the Fed’s strategy and communications review. As expected, the Fed adopted a policy of average inflation targeting. There, however, was a twist. Powell…
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