Government
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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By Brad Cartier stessa.com Diana Olick of CNBC opened up the week with some interesting real estate data to put 2020 to a close. Although mortgage applications fell 5% last week, they are still 26% higher than they were at the same time last year. Refinance volume jumped 4% as well last week and is…
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Budget focuses on addressing key challenges facing Oregonians to build a stronger, fairer, and more resilient state By State of Oregon Newsroom on December 1, 2020 Governor Kate Brown released her recommended budget and policy agenda for the 2021-23 biennium, which focuses on the key challenges facing Oregonians: the public health and economic impacts of…
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By Nathaniel Brown, communications director nathanielbrown@oregonbusinessindustry.com Over the last 10 months, families, businesses, and nonprofits across our state have had to tighten their belts and prioritize spending as the economic fallout from the COVID pandemic and wildfires devastated household incomes and robbed businesses and nonprofits of critical operating revenues. We expect our state leaders to do…
Read MoreDecember 21, 2020 Diverse innovation projects across the state are moving forward with new grant funding from Business Oregon and the Oregon Innovation Council (Oregon InC). Oregon InC approved 21 projects through two separate innovation programs, the High Impact Opportunity Projects grant program and Small Business Innovation Research matching grants. Business Oregon’s matching grants fill…
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I sat down, virtually via Zoom, with Congressman Greg Walden, a year to the day after he declared that he would not seek re-election to thank him for his service and ask him a few questions about what it has been like for him during the last year in office. Greg serves as the only…
Read MoreSALEM, Ore. – Oregon Senate President Peter Courtney (D-Salem) issued the following statement after today’s historic virtual meeting of the Emergency Board: “It is days like these that remind me what an honor it is to be part of the Legislature. Today the Emergency Board took actions that will help Oregonians get through this pandemic.…
Read MoreFOR IMMEDIATE RELEASEMarch 2, 2020 Today Business Oregon announced investments in ten rural community projects throughout Oregon under the Rural Opportunities Initiative. The Rural Opportunity Initiative (ROI) is an initiative that works with communities to cultivate local environments that support entrepreneurs and small businesses. Through financial support, innovative partnerships, network expansion, and access to business…
Read MoreThe Real ID Act, passed in 2005, enacted the 9/11 Commission’s recommendation that the federal government “set standards for the issuance of sources of identification, such as driver’s licenses.” The Act, effective on October 1, 2020, establishes minimum security standards for license issuance and production. It also prohibits federal agencies from accepting forms of identification…
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Contributed by: Megan Chuinard | Public Affairs Associate With a sixth congressional seat and resources estimated to be upwards of $900 million dollars on the line, the State, Association of Oregon Counties (AOC), cities, and advocacy organizations are all involved in the Oregon Complete Counts Committee and are actively spreading the message to get Oregon…
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(Often referred to as the Gross Receipts Tax) From From Oregon Department of Revenue: What is this new tax? A: The new Corporate Activity Tax (CAT) is imposed on businesses for the privilege of doing business in this state. The CAT is not a transactional tax, such as a retail sales tax, or an income…
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By Tim Duy DUY@UOREGON.EDU If you were looking for something exciting out of this labor report, you were disappointed. Mostly it is is a continuation of recent trends that will encourage the Fed to retain their basic optimism while providing them no reason to change course. Probably most important for policy was the weak nominal…
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