Economy
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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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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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…
Read MoreThe 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…
Read MoreBy 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…
Read MoreBy 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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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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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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There are a handful of mainstream economic values that are part of the consensus of America public policy discourse. The value of growth, for example, is not seriously questioned by anyone wanting to maintain their credibility. I’ve been in countless city council meetings where some ridiculous notion was being pursued merely because it offered the…
Read MoreGreetings from the Ashland Chamber and Travel Ashland, Information about COVID-19 and resources has been moving rapidly. Here is today’s latest update: Today, Jackson and Josephine Counties have been named in the eligible disaster areas for SBA Disaster Loan Assistance. Though the Governor has yet to designate Oregon an official disaster area, our counties have been included in the California…
Read MoreNews and Information from Oregon International Port of Coos Bay For Immediate Release: March 18, 2020 Coos Bay, OR – The impacts of the novel coronavirus (COVID-19) are being felt across the globe. As the State of Oregon and this community prepare for potential impacts, it is critical that as a community we remain focused…
Read MoreAs the Florence Area Chamber of Commerce, we’re all about promoting and advancing the cause of local member businesses and doing all we can to make Florence the best place to live, work, shop, eat, play, and stay. At the same time, we all need to take the highest level of precaution for the sake…
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