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|Articles - December 2011|
|Tuesday, November 15, 2011|
Page 3 of 5Such factors have set the stage for a coming year that’s not likely to show marked improvements over this one. For starters, housing is expected to continue to lag, and with that comes continued hits to jobs in construction, financing, real estate and other ancillary fields.
“In 2012, I think housing is just going to limp along and maybe marginally improve,” Potiowsky says. “You’re not going to see any huge increase in building.”
That will extend some of the pain that many of Oregon’s smaller forest products communities have been feeling for years.
“As a whole, the wood products industry is still dependent on the larger economy,” says Larry Holzgang, a business development officer for Business Oregon in Josephine, Jackson, Lake, and Harney and Klamath counties. “Some of our wood products and secondary wood products companies are still struggling, and that’s not going to turn around until the entire housing and construction industry in the entire United States does.”
Unemployment, which was at 9.6% in September, had dropped from 10.7% the year before, but it still remained flat through this past summer and above the national rate of 9.1%. Potiowsky says that’s not likely to change much in the months ahead and job growth on the whole will be slow.
Economists and policymakers are also concerned about conditions in foreign markets and how they could impact Oregon. For starters, the European debt crisis, involving countries such as Greece, Portugal, Spain and Italy, threatens to spiral out of control. If it does, Oregon’s European export trade could be constricted. Duy sees an even bigger problem if the European debt crisis results in further tightening of international credit markets.
Another foreign market of concern is China. At present, China is Oregon’s biggest export destination; about $4 billion of Oregon’s $17.7 billion in exports in 2010 went to China. Any slowdown in the Chinese economy could impact Oregon, and there are concerns that China may be harboring a real estate bubble and a bigger economic slowdown than the country is letting on. In addition, political tensions over the value of Chinese currency could potentially lead to higher tariffs on Oregon exports to the country.
Friday, April 17, 2015
PHOTOS BY JASON E. KAPLAN
The 32nd annual CBC attracted a record number of attendees (11,000) to the Oregon Convention Center.
Thursday, March 19, 2015
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How the private sector can ride the next transit revolution.
Friday, March 20, 2015
BY OB STAFF
Join us to celebrate and network with Oregon’s best green workplaces!
Thursday, March 26, 2015
Janet LaBar, Executive director, Greater Portland Inc.
Tuesday, February 24, 2015
BY LINDA BAKER | OB EDITOR
At Oregon State University, a 21st century version of the bad dream — nuclear terrorism — is alive and well. This winter, the Department of Nuclear Physics and Radiation Health Physics created a new interdisciplinary graduate emphasis in nuclear forensics, a Sherlock Holmes-sounding program that aims to identify how and where confiscated nuclear and radiological materials were created.
Monday, March 02, 2015
BY KIM MOORE | OB RESEARCH EDITOR
Portland-based healthcare provider ZoomCare said it plans to “remake American healthcare” by expanding its on-demand urgent care model to emergency, surgery, dental and primary care, among others.
Friday, February 20, 2015
BY APRIL STREETER | OB CONTRIBUTOR
Leslie Carlson channels the big idea.
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A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
Providing attendees with unique taste of the Northwest Reception.
CFM Strategic Communications turns 25 this year and is celebrating with a revamped website, special events for firm alumni and clients, a special-label wine and a list of 25 stories about its client work over the past quarter century.
The Atkinson Graduate School of Management at Willamette University has maintained its business accreditation by AACSB International—The Association to Advance Collegiate Schools of Business.