Economy

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…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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Measuring the Pulse of Oregon Households amidst the COVID-19 Pandemic

June 9, 2021

BY DAMON RUNBERG REGIONAL ECONOMIST CROOK, DESCHUTES, JEFFERSON, KLAMATH, AND LAKE COUNTIES DAMON.M.RUNBERG@OREGON.GOV (541) 706-0779 The U.S. Census Bureau developed the Household Pulse Survey in order to measure the experiences of households during the COVID-19 pandemic. This experimental data series is a valuable tool for us in understanding how the pandemic is impacting Oregonians at…

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Avista launches SizeUpSouthernOregon

May 5, 2021

Avista Utilities has launched a new service at SouthernOregon.SizeUp.com that will compare your business to your industry competitors and help you find customers, suppliers and competitors in the markets you serve. It will also help you optimize your target advertising and marketing.  According to Steve Vincent, Oregon Regional Business Manager, “Avista recently contracted with business intelligence…

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Oregon’s 2020 Natural Population Increase Was the Lowest on Record

May 5, 2021

By Sarah Cunningham Employment Economist sarah.e.cunningham@oregon.gov In 2020, Oregon’s population increased by 31,655 to 4,268,055. This marked growth of 0.7% over the year and growth of 11.4% since the 2010 Census. Portland State University’s Population Research Center recently released more detailed information on why this population growth has occurred. There are two main reasons that…

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Oregon’s Child Care Industry

May 5, 2021

By Jessica Nelson Employment Economist jessica.r.nelson@oregon.gov Many working parents in Oregon rely on the child care industry for safe, affordable, and educational care for their children. The importance of the industry has been highlighted in the pandemic recession, as child care centers and providers faced new restrictions and risks of providing care in Oregon communities.…

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