|Construction flexes economic muscle||| Print ||
During the past year, Oregon employers added 58,100 nonfarm jobs, a 3.5% gain. Of all sectors, construction added the most jobs (11,400) and grew the fastest (12.7%), more than three times the national rate of construction growth. The turnaround for Oregon’s construction industry came in July 2003, after losing 8,600 jobs (10%) during the recession. Rapid growth has touched all parts of the industry. Residential building jobs climbed 20% over the past year. Oregon housing permits jumped 14% in 2005, the seventh-fastest in the United States, as low interest rates, a growing population, second-home purchases, innovative mortgages, and speculative buying in markets such as Ashland and Bend boosted the state’s housing market. Meanwhile, year-over-year growth in commercial and industrial construction topped 17% in May. Hospitals, shopping centers, and medical offices are being built throughout the state. Also under construction are a minimum-security prison in Madras, Google’s plant in The Dalles, Lowe’s 1.4 million-square-foot distribution center north of Lebanon and Symantec’s 200,000-square-foot Springfield addition. Sewer work, road repair, and other infrastructure improvements are also keeping heavy and civil engineering firms busy, with nearly 400 Oregon bridges targeted for repair.
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Oregon Business magazine's 5th annual
100 Best Green Companies to Work For in Oregon
Wednesday, May 29, 2013
From Oregon Translational Research and Development Institute: OTRADI today announced its plans to open and operate a 13,000 square-foot multi-tenant bioscience complex in the Willamette Wharf building at 4640 SW Macadam Avenue. Slated to be complete in spring 2013, the OTRADI Bioscience Incubator (OBI) will house up to six companies.
MEDIAmerica, publisher of Oregon Business and Oregon Home magazines, announces a new retail website: HalfOffOregon.com. The website offers lodging, dining, recreation and many other items at half off their regular cost.
As you probably know by now, The Vernon Company is a national leader in the promotional products industry with annual sales of over $60 million. We are a family owned business, led by the fourth generation of the Vernon family.