Economy

Ashland community launches new site to attract the next generation of workers and employers to town

November 6, 2020

When the pandemic sent us all working from home, many of the high tech workers in the big cities realized that they could work from anywhere and many started looking. A group of folks came together in Ashland to create a video series that told the story of living and working remotely in Ashland with…

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New Telecommunications Firm Expanding in Klamath Falls

November 6, 2020

Klamath Falls, OR (November 5th, 2020) – Today, the Klamath County Economic Development Association (KCEDA) publicly announced that the KRTelecom Group has started new operations in Klamath Falls and is expected to expand substantially in the next few months. Working with partners such as Verizon, Spectrum, and AT&T, KRTelecom offers consulting services to help businesses…

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New Manufacturing Plant to Open in Klamath Falls

November 6, 2020

An international company announced Wednesday that it will build a multi-million dollar manufacturing plant in Klamath Falls that will employ about 50 people. Wilsonart Engineered Services, based in Temple, Tex., manufactures and distributes materials used in furniture, office spaces, countertops and more. It will construct a 95,000-square-foot building located on 19 acres of private WESGO…

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SOREDI Seeks Applications from Rural Entrepreneurs and Companies for its 2020 Southern Oregon Rural Startup Challenge

November 6, 2020

SOREDI is pleased to announce it is now accepting applications for its inaugural Southern Oregon Rural Startup Challenge, providing up to $60,000 in capital investments by December 31 to rural startups and companies seeking expansion capital. SOREDI, which has facilitated the Southern Oregon Angel Investment Network for numerous years, has created a seed fund for…

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Umpqua Bank Releases Nationwide Study gauging the impact of COVID-19

August 31, 2020

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…

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Lithia Reports Highest Second Quarter Net Income in Company History

August 31, 2020

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…

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Powell Green Lights Easier Policy But Details Lacking

August 31, 2020

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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Federal Reserve Themes In The Second Half of 2020

August 2, 2020

The pandemic will continue to weigh on the economy but ongoing fiscal support matched by Fed easing will help ease the pain and support markets. By Tim Duy, Senior Director, Oregon Economic Forum, Professor of PracticeDepartment of Economics, University of Oregonduy@uoregon.edu Bloomberg Opinion My Bloomberg column last week: For the Federal Reserve, this time really…

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Business Oregon Announces Third Round of Grants to Serve Small Businesses, Along With Millions in New Funding

August 2, 2020

By Nathan Buehler Business Oregon Business Oregon announced the recipients of $5.5 million in grant funding through its Emergency Business Assistance Grant Fund, created by Governor Kate Brown and the Oregon Legislature to assist small businesses impacted by COVID-19. To date, the Fund was disbursed through three rounds of Requests for Proposals (RFPs) from applicants…

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Keep Your Eye On The Ball

July 2, 2020

By Tim Duy, Senior Director, Oregon Economic Forum, Professor of Practice A better than expected labor report supported another leg up for Wall Street as it was the latest piece of evidence that the worst of the downturn is behind us. While that is most likely true, note that there are crosscurrents in the economy that…

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A Dozen Asks for Your Governor

April 28, 2020

By Michael H. Shuman Everyone knows that the three, multi-trillion-dollar stimulus bills passed by Congress fall way short. For most local businesses—the lifeblood of our economy—these bills offer too little relief, too late. I’m hopeful though that the states (and maybe, in some places, counties and cities) can rise to the challenge of saving these businesses.…

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Defusing an Economy “Rigged to Blow”

April 28, 2020

By Tony Dutzik The emergence of the novel coronavirus has been a shock to our health care system, our economic system, our communities, our relationships and our psyches. What makes some of those systems more able to absorb, respond and rebuild from shocks than others? Two incidents last week got me thinking about that question.…

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