Economy

Umpqua Bank’s 2022 Business Barometer

July 7, 2022

In Rapidly Changing Economy, Business Leaders Pivot as Inflation, Workforce Transformation Test Resiliency Small Businesses Act with Sense of Urgency, Ready for Significant Changes 73% rank inflation as a top concern 90% impacted by soaring costs of goods Middle Market Companies Zero-in on Impacts of Labor Shortage, Cybersecurity 72% having difficulty finding talent 45% have…

Read More

Employment in South Coast: April 2022
Leisure and Hospitality Shows Largest Job Gain Over the Year

June 5, 2022

Coos County total payroll employment fell by 70 jobs in April. Job losses were estimated inlocal government education (-90); professional and business services (-30); andtransportation, warehousing, and utilities (-20). General merchandise stores (-20) and local government excluding education and tribal (-20) also shed a few jobs over the month. The only notable gain was in…

Read More

Oregon’s Leisure and Hospitality Industry

June 5, 2022

Leisure and hospitality businesses employed 174,800 workers on average in 2021, up from 162,100 workers in 2020. Of those, roughly one out of nine were employed in accommodations, about the same as in arts, entertainment, and recreation. About three-fourths of leisure and hospitality workers worked in food services and drinking places. These annual average figures…

Read More

Paving the way to Talent’s Long-Term Recovery   

June 4, 2022

Learn more about the CITY OF TALENT URBAN RENEWAL WORK PLAN From https://www.talenturbanrenewal.com/workplan Why is Talent considering an Urban Renewal plan? Talent lost 1/3 of our housing in the Almeda fire, including much of our more affordable housing. We lost 60% of our businesses.  Firefighters were needed to respond to the Fire immediately, but Talent…

Read More

Douglas County, Oregon Creates $28M Economic Impact with Fiber Each Year

May 10, 2022

The Fiber Broadband Association (FBA) today announced the first of its Broadband Community Profiles designed to uncover the economic and societal impact that fiber broadband is having on rural communities across North America. The research, conducted by Futuriom Research, shows that Douglas County, Oregon, served by ISP Douglas Fast Net (DFN), has successfully leveraged fiber broadband to create jobs, improve quality…

Read More

LITHIA & DRIVEWAY (LAD) INCREASES REVENUE 54%, EPS 99%, AND ADJUSTED EPS 103%, RECORD FIRST QUARTER PERFORMANCE

May 10, 2022

MEDFORD, Ore., April 20, 2022 /PRNewswire/ — Lithia & Driveway (NYSE: LAD) today reported the highest first quarter revenue and earnings per share in company history. First quarter 2022 revenue increased 54% to $6.7 billion from $4.3 billion in the first quarter of 2021. First quarter 2022 net income attributable to LAD per diluted share was $11.55, a 99% increase from $5.81 per diluted…

Read More

Long-Time Ashland Brewery to Close Its Doors After 26 Years

May 10, 2022

Another mainstay of the Rogue Valley hospitality industry has become a casualty of the combined difficulties of smoky summers and a global pandemic. Standing Stone Brewing Company (SSBC) will be closing permanently. The brew pub announced it will be halting operations at the close of normal business hours on Sunday, May 29th, 2022, with this…

Read More

KCEDA launches Klamath County, Oregon is Leading the Way in Economic Opportunity Video on YouTube

February 28, 2022

KCEDA (Klamath County Economic Development Association) is Klamath County’s leading economic development agency. We work with companies of all shapes and sizes, positioning them for success, and our community for a more promising economic future. Capital investment in Klamath County continues to rise, and we believe this growing momentum is just the beginning. KCEDA and…

Read More

Is Stagflation Back?

September 5, 2021

By Rachel Eliot  Accountant at People’s Bank of Commerce In the early years of the 1970’s the easy-money policies of the American central bank designed to generate full employment resulted in high inflation. The great inflation began in late 1972 and continued through the early 1980’s. The 1970’s saw some of the highest rates of inflation…

Read More

Umpqua Bank’s 2021 Business Barometer: Surging Optimism and Transformational Shifts Position Middle Market Companies for Growth Amid Continued Disruption

September 5, 2021

Middle Market optimism surges +24 points over pre-pandemic levels: more than 70% of companies embrace continued adaptation with “significant” changes to strategy and operations anticipated Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), released its annual 2021 Business Barometer, an in-depth study into the mood, mindset, and strategic priorities of nearly 1,200 leaders at small and…

Read More

Potential 2021 Kicker Credit

September 5, 2021

Why is a kicker in the news? The Oregon Economic and Revenue Forecast released February 24, 2021 indicates Oregon’s actual revenue in 2019‒21 is expected to be better than projected, raising the possibility of an Oregon state surplus income tax credit known as the “kicker” to be claimed on the 2021 tax return that will…

Read More

Churchill Mortgage Continues Expansion in Pacific Northwest with Acquisition of Salem Based Team Canales

September 5, 2021

Mortgage lender approaches 150 teammates in the rapidly growing PNW region just two years after launch Churchill Mortgage, an industry leader providing conventional, FHA, VA and USDA residential mortgages across 48 states, announced today the next chapter of its Pacific Northwest expansion with the acquisition of Team Canales, a team led by three women with…

Read More

Archives