Economy
Smaller Oregon companies looking for semiconductor funding
CORVALLIS— In a small laboratory on HP’s Corvallis campus, a group of Oregon State University graduates are producing a chemical that will make semiconductor chips smaller, lighter and more efficient to produce. The company, Inpria, was born out of an Oregon State University professor’s research group about 15 years ago.…
Read More
Oregon Economic Update: Not out of the Woods Yet
The risk of a recession, at least in the near term, has lessened in recent months as inflation has slowed. Yet inflation is still well above the Federal Reserve’s target rate, and the nation remains in the midst of an inflationary economic boom. At this point in the economic cycle,…
Read More
Oregon Economic and Revenue Forecast – March 2023
EXECUTIVE SUMMARY March 2023 Either the economic storm clouds have parted, or we are in the eye of the hurricane. Any near-term recession fears are fading with each month of somewhat lower inflation and the continued economic boom. However, the Federal Reserve must still navigate the choppy waters of a…
Read More
Computer Systems Design Industry in Oregon
The private-sector computer systems design industry lost 500 jobs (-3%) during the pandemic recession. Although that is a significant loss of jobs, it pales in comparison to job losses during the high-tech recession of 2001 when Oregon’s computer system design industry shed 3,500 jobs from 2000 to 2003, 30% of…
Read More
Business Oregon Opens Applications for Venture Fund Program
Business Oregon is now accepting applications for the new Business Oregon Venture (BOV) Fund Program under the State Small Business Credit Initiative (SSBCI) program. Due to the nature of the venture capital industry and SSBCI program guidelines, Business Oregon will be accepting and reviewing BOV Fund Program applications on a…
Read More
Oregon Shakespeare Festival Announces Leadership Departures, Staff Changes, And Revitalization Strategy Amid Post-Pandemic Recovery
Internal Shifts Focused on Building Solid Infrastructure for OSF’s Future to Address Structural Deficits, Aligning Budget to Post-Pandemic Industry Realities, and Supporting a Future-Focused Vision for the Theatre Field ASHLAND, Ore. (January 11, 2023) – As part of a restructuring strategy aimed at aligning its business model with its vision…
Read More
Business Oregon Announces Team Leading Oregon’s Japanese Representative Office
Continuing a forty-year presence in Japan, Business Oregon announces its new representative to lead Oregon’s Japanese Representative Office and represent the state of Oregon’s business and trade interests in Japan. Masao Kumori will lead Oregon’s team in Japan. Masao has worked with more than 70 major Japanese companies on global…
Read More
Jackson County Travel Impacts 2021
By Guy Tauer, Oregon Regional Economist, Coos, Curry, Jackson, and Josephine counties New data from a Dean Runyan Associates study for the Oregon Tourism Commission shows that total direct travel spending in Oregon fell by 48.5% in 2020 compared with 2019 totals. Preliminary data for 2021 show that the travel…
Read MoreUmpqua Bank’s 2022 Business Barometer
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…
Read More
Employment in South Coast: April 2022
Leisure and Hospitality Shows Largest Job Gain Over the Year
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…
Read More
Oregon’s Leisure and Hospitality Industry
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…
Read MorePaving the way to Talent’s Long-Term Recovery
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…
Read More