Economy
Western Cascade is 7th Timber Mill to close in Oregon this year.
Western Cascade Industries, a lumber mill located in Toledo, Oregon, is closing its doors this week. Approximately 50 people will be affected by the closure. The mill’s general manager, Walt Adams, shared that the decision appears to be driven by a downturn in the lumber market and insufficient log supply. Unfortunately, this…
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Business Oregon Awards Community Development Block Grants to Fund 8 Projects in Rural Oregon
Business Oregon is supporting eight city projects statewide through the CommunityDevelopment Block Grant (CDBG) program. The CDBG program supports thedevelopment of livable communities by expanding economic opportunities and providingsuitable housing and living environments for persons of low and moderate income. Theseeight grants total $5,399,713 and assist rural communities with funding…
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Grant Applications Open Offering $8 Million to Support Economic Equity
Business Oregon has opened a Request for Grant Applications (RFGA) for the EconomicEquity Investment Program. This program was created to promote durable economicadvancement and wealth building opportunities among historically marginalizedcommunities. This is the second round of funding since the program debuted.This RFGA will result in approximately $8 million in grant…
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Are the Harry and David Layoffs due to revenue falling 11% in latest quarter and e-commerce revenue declining 4.5% in the current year period?
In the May 2, 2024 quarterly earnings report, 1-800-Flowers, the parent company of Harry & David reported the following segment results which may shed light on the recent layoffs. Segment Results The Company provides Fiscal 2024 third quarter selected financial results for its Gourmet Foods and Gift Baskets, Consumer Floral…
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SOREDI Welcomes Ryan DeRoo
Southern Oregon Regional Economic Development, Inc. (SOREDI) is happy to announce that Ryan DeRoo has joined the team as Business Development Loan Manager, effective June 3rd. Ryan has 17 years’ experience in the Banking and Financial Services Industry, with a passion for helping businesses and individuals thrive financially. His time…
Read MoreSouthern Oregon Economic Summit Tickets now on sale.
Buy your tickets today to join us in Roseburg, Oregon on May 14th-15th. Buy your tickets today for the 2024 Southern Oregon Economic Summit, set to unfold in Roseburg, OR. This year, we are bringing together industry leaders, innovative thinkers, and community members to engage in pivotal discussions that shape…
Read MoreDutch Bros moving 40% of corporate jobs out of Grants Pass
Dutch Bros to move 40% of corporate jobs out of Grants Pass and send them to the new corporate headquarters in Phoenix, Arizona by January 1,2025. Years ago we worked hard to get the internet infrastructure here so that innovative companies like Musicians Friend and Motorcycle USA as well as…
Read MoreGartner Predicts CFOs will be Challenged with EBITDA Margins That will Shrink by More than 30% by 2027
By 2027, weak demand and rising costs will shrink earnings before interest, taxes, depreciation, and amortization (EBITDA) margins by more than 30% relative to 2022, according to Gartner, Inc. Most corporations will find it tougher to attain growth through 2026 as elevated levels of consumer debt and weaker-than-expected corporate cash…
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More Hispanic families are reaching the middle class
By Tim Henderson – December 28, 2023 https://oregoncapitalchronicle.com/2023/12/28/more-hispanic-families-are-reaching-the-middle-class/ The Hispanic middle class has grown faster than the white or Black middle class in the past decade and has reached near-parity with the white middle class in seven states, according to a new Stateline analysis. Between 2012 and 2022, the percentage of…
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Southern Oregon University President Rick Bailey celebrates 2 years at the helm
By Jim Teece JimTeece.com I got a “Happy New Years” card from the President of Southern Oregon University, Rick Bailey, this year and proudly held it above my head and danced around the room showing it to Dena and the dogs. With the dance moves I was making you would…
Read MoreNew Report Details – Paid Family, Medical, and Safe Leave Impacts in Oregon
The following is a summary of findings from our latest report. For more details, read the full report, or get the top takeaways from the report in the podcast. Paid Leave Oregon will provide paid leave time for parents bonding with new children, serious health conditions experienced by workers or their families, or…
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Oregon Exports Continued Strong Growth in 2022
Oregon exports have grown quickly over the past four to five years. In fact, while the state experienced recession at the onset of the COVID-19 pandemic, we saw exports out of the state accelerate. Much of this acceleration was due to the high demand for semiconductors the past several years,…
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