Economy

Computer Systems Design Industry in Oregon

February 11, 2023

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…

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Business Oregon Opens Applications for Venture Fund Program

February 11, 2023

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…

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Oregon Shakespeare Festival Announces Leadership Departures, Staff Changes, And Revitalization Strategy Amid Post-Pandemic Recovery

January 14, 2023

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…

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Business Oregon Announces Team Leading Oregon’s Japanese Representative Office

November 10, 2022

 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…

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Jackson County Travel Impacts 2021

October 10, 2022

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…

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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…

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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…

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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…

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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…

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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…

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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,…

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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,…

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