Home Archives March 2009 Hood River economy holds steady

Hood River economy holds steady

| Print |  Email
Sunday, March 01, 2009

hoodriver.jpg Hood River has seen dozens of new businesses open and the county has the third-lowest jobless rate.

HOOD RIVER The recent closings of five Hood River businesses, including the historic Columbia Gorge Hotel, has created concern about the town’s overall economy. Yes, the hotel is in trouble and several businesses — Hood River Chrysler Jeep Dodge, Hood River Ford Mercury, Abruzzo Italian Grill, and the Panzanella bakery — have shut down. But local business officials say that the city of around 7,000, which relies heavily on its agriculture, sports recreation and tourism industries, is doing fine.

The weakened economy hasn’t deterred local entrepreneurs from bringing a variety of new businesses to the area. Over the past year, Hood River has seen the addition of 29 businesses, most of which center around the town’s tourism industry, says the local chamber. New businesses include several restaurants, retail shops, art galleries, a museum and a salon. And the county has the third-lowest unemployment in the state at 6.6%.

“Business has slowed,” says Stu Watson, coordinator for the Hood River Downtown Business Association. “But we are optimistic that in this economy, there are still people with steady incomes that are going to want to vacation, dine out and shop here.”

During the winter months, the town’s economy depends mainly on tourists drawn to the area by Mt. Hood Meadows Ski Resort. Although hazardous winter weather conditions limited early-winter travel, the area saw business increase during January, says Greg Colt, president of the business group. Bill Fashing, the county’s economic development coordinator, adds that there is no indication that the bottom of the tourism market has fallen out.   

“In a town this size, you know almost everyone. But when I go out to a restaurant or a coffee shop, I’m still seeing quite a few faces I don’t recognize,” says Colt. “When I stop seeing those faces, then I’ll worry.”

Fashing also notes that there are a number of other business sectors that are doing well, and have not yet faced major layoffs. Although based across the river in Bingen, Wash., unmanned aircraft systems manufacturer Insitu has boosted the town’s economy.  

But Fashing warns that while business in the area is holding steady and unemployment is fairly low, that could change quickly as consumer spending patterns change.

“Any industry that depends on the leisure discretionary dollar is struggling,” says Watson. “Businesses need to look long and hard at staffing and cost factors, and adjust to changing times. If they don’t, they might not survive.”      
NICOLE STORMBERG


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Shifting Ground

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

Bans on genetically modified crops create uncertainty for farmers.


Read more...

Gone Girl

News
Monday, September 29, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Wehby disappears, Kitzhaber fails to disclose and Seattle gets bike share before Portland.


Read more...

OB Poll: Wineries and groceries

News
Friday, October 24, 2014

24-winethumbA majority of respondents agreed: Local vineyards should remain Oregon-owned and quality is the most important factor when determining where to eat or buy groceries.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

Podcast: Turn Things Around with David Marquet

Contributed Blogs
Friday, October 17, 2014
davidmarquet thumbBY TOM COX | OB BLOGGER

How can you move from a command-and-control leadership model to one of true empowerment and accountability? David Marquet did, and he took notes along the way.


Read more...

Gone Fishing

October 2014
Thursday, September 25, 2014
BY LORI TOBIAS

Business has been good to Laura Anderson, leading some to suggest she must be awfully lucky to find such success in a business notorious for failure. But luck’s had little to do with it.


Read more...

Books Rule

October 2014
Thursday, September 25, 2014
BY JON BELL

Powell's stays relevant in the digital age.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS