Economy
Oregon’s Hazelnut Harvest
By Pat O’Connor Oregon Regional Economist Orchards are not very difficult to find in Oregon. In the Columbia Gorge, one can hardly miss the cherry, pear, and apple orchards. In southern Oregon, pear orchards fill Jackson County’s countryside. The Willamette Valley has a variety of fruit and nut orchards, but more acres in the valley are…
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Pacific Northwest semiconductor and mass timber industries each receive $500,000 awards from White House
CORVALLIS, Ore. – Oregon State University-led efforts focused on microfluidic technology for semiconductors and mass timber design and manufacturing each have received $500,000 awards from the White House. In Oct. 2023, the White House, through the U.S. Department of Commerce’s Economic Development Administration, announced the designation of 31 Tech Hubs(Link is external),…
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Oregon’s Marijuana Industry and Employment Trends
By Guy Tauer Oregon Regional Economist While not a “new” industry in the sense the seeds were sown by a new technology, product, or market, rather the marijuana industry that has been flowing through Oregon’s economy for decades. This industry has a long-standing presence and is even more concentrated in…
Read MoreThe Diversity of Oregon’s Industries
By Jake Procino Oregon Workforce Analyst Oregon’s total nonfarm employment is less racially and ethnically diverse than average across the United States. Among the U.S. private-sector workforce in 2023, 24% reported a race other than white alone, compared with Oregon’s 15%. Moreover, the ethnic diversity of the U.S. is more robust…
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Oregon hires new state economist with Wall Street background
By: Julia Shumway from the Oregon Capital Chronicle – September 4, 2024 Carl Riccadonna will craft the economic forecasts that determine what the state can spend, and whether Oregonians receive a kicker A longtime Wall Street analyst is poised to take over as Oregon’s chief economist, producing the quarterly forecasts lawmakers…
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Knife River Corporation Reports Second Quarter Financial Results
Achieved record second quarter revenue, net income and adjusted EBITDA Continued to improve margins toward long-term goals Raised guidance on revenue and adjusted EBITDA Note: All tables can be found at https://www.businesswire.com/news/home/20240806846836/en/Knife-River-Corporation-Reports-Second-Quarter-Financial-Results BISMARCK, N.D.–(BUSINESS WIRE)–Knife River Corporation (NYSE: KNF), an aggregates-led, vertically integrated construction materials and contracting services company, today…
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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…
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