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|Sunday, February 01, 2009|
THE CENTRAL QUESTION
What will replace Central Oregon’s collapsed housing-reliant economy? The answer is multifaceted — and hopeful.
BY ABRAHAM HYATT
Welcome to Central Oregon, where the economic news is grim and the bottom is nowhere in sight. It’s no secret why: The one major engine behind the region’s fast-paced growth was the housing boom. When that evaporated, the reverberations slammed through the region, hitting some of the biggest employers, like wood products manufacturing, particularly hard.
“There’s no natural grouping of industries that will propel [a rebound],” he says. “We become too tied up in what specific industries are going to lead us out. What’s more likely is that we’ll bottom out and then our general growth over time will lead us out.”
“They’re going to be small drivers, not like what you see over here in the [Willamette] Valley,” Penwell says. “But these are firms that are still going to be growing from 50 to 150 employees.”
Within the various niche industries, the sporting goods mini cluster — like the high-tech sector — is often mentioned as having a growing role. Jennifer Woods, a senior international trade specialist with the U.S. Commercial Service, lists some of the fastest growing: Metolius Mountain Products (rock climbing equipment), Ruff Wear (outdoor gear for dogs), Greatoutdoors.com (online retail), Kialoa Canoe Paddles, and Entre Prises (climbing walls and handholds). Many of them, she says, are finding work on the international market to balance out what’s happening at home.
Economic growth is only possible if there’s a place for businesses to grow or move into. Over the past several years, Redmond has aggressively expanded its urban growth boundary, which has allowed it to respond to the need for manufacturing-ready land far quicker than its neighbors, Jackson says. That expansion process is crucial for cities, he says, because the enterprise zones that are subsequently created are one of the only tools a city has in attracting and keeping businesses. Prineville and Madras are following in the footsteps of Redmond.
Despite public agencies’ efforts to stimulate growth, the overall economic market sometimes dictates success or failure. The best example of why Central Oregon’s economy will be rebuilt by many different industries instead of one major player lies in the aircraft cluster. The sector was once considered an economic rock star, providing thousands of jobs that ranged from manufacturing planes to making safety and utility equipment for helicopters and airplanes.
Tuesday, July 14, 2015
The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.
Friday, July 10, 2015
BY JACOB PALMER
Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.
Monday, July 13, 2015
BY CHRIS NOBLE
Whether you're stepping out to work or onto the track, Pacific Northwest shoe companies have you covered.
Friday, July 10, 2015
BY GREGG MORRIS
Rita Hansen aims to scale natural gas vehicle innovation.
Thursday, June 11, 2015
In 2014, total revenue for camping and day use in Oregon State Parks was a little more than $17 million. That figure may even higher this year "because we've had exceptionally nice weather," Hughes says.
Friday, July 10, 2015
BY LINDA BAKER
Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened its third Portland store in the Cedar Mill neighborhood this year; another outpost in Bend broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.
Friday, July 17, 2015
Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner. The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.
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|Elusive snow leopard captured in photos|
Court experience helps legal firm anticipate potential problems for clients and prevent expensive litigation.
When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
The technology industry is always in flux. And this rapid rate of change poses challenges to companies ranging from nimble startups aiming to make their mark to established organizations fighting to remain relevant. This is particularly true in the competitive digital display market, where an Oregon company has been at the forefront of nearly every major breakthrough in the last three decades.
A look back at the shifting sands of Portland’s growth and development.
Robert S. Wiggins has joined Lane Powell as a Shareholder in the Corporate/M&A Practice Group. Wiggins is a well-known lawyer, entrepreneur, and investor with more than 30 years of experience leading and advising established and emerging companies in the Pacific Northwest. Wiggins will focus his practice on offering outside general counsel services, including general corporate and board representation, business transactions and capital events.
DEDICATION PARTY: Help the Port of The Dalles celebrate its newest shovel-ready industrial land Friday, July 31, from 1:30 to 4 p.m.