The 2012 economic forecast

| Print |  Email
Articles - December 2011
Tuesday, November 15, 2011
Dennie Houle, a business development officer working on the northern Oregon Coast for Business Oregon, says the smaller coastal towns have their own struggles, but promising opportunities have begun to sprout. A stronger fishing industry in Alaska and across the Pacific has recently helped spark the coast’s ship repair business. Portland General Electric has proposed a new natural-gas-fired generation plant in Clatskanie, and the Port of Newport is in the middle of a $10 million project that will add a new commercial fishing dock and a log crane to help load logs being exported from Oregon.

“In some ways, folks are cautiously thinking that the corner maybe has been turned,” Houle says. “I think they see some growth in the next year.”

In Southern Oregon, Holzgang sees a similar outlook and scene. Although Panel Products, a Milwaukie plywood company, closed its Rogue River mill in 2009, Eugene-based Murphy Co. bought it in early 2010 and has since reopened it. It now employs more than 100. Radio Design Group, a small radio frequency products company, also broke ground on a new headquarters and manufacturing center in Grants Pass in April. When completed, the new building will accommodate Radio Design’s plans for growth, including 15 new employees.

“There are little pockets of bright spots where people are having some luck,” Houle says. “I think that we’ll continue to find those as we move into the new year.”

Other companies, he adds, may not be hiring or doing as well as they once did, but they’ve continued to invest in equipment and facilities so that they’re ready to go if and when the tide does finally turn.

One other factor that could also impact the business and economic climate in Oregon in 2012 is the Legislature. Revenue for the biennium was forecasted at $13.9 billion in September and was expected to remain flat or just slightly lower at the next forecast in November. Beyond that, however, Deckert says a few major votes could have long-term impacts.

The first concerns Oregon’s efforts at health-care transformation and would approve the creation of Coordinated Care Organizations to serve the state’s Medicaid population. The CCOs could alter how health care is delivered in Oregon and potentially save a decent sum of cash. The Legislature is also expected to review and potentially approve the business plan for the state’s health insurance exchange [see Diagnosis Unknown], which might also play a role in curbing health-care costs long-term. Deckert says the Legislature also will likely consider proposals and legislation brought by the Oregon Education Investment Board. Established last spring, the OEIB is charged with creating a new governance system for investing in and delivering public education, which will ultimately have impacts on businesses and the economy here as well.

“Some state in this country is going to have to show that you can govern effectively and still take on tough issues that can have a huge impact on the economy and on businesses,” Deckert says. “We think Oregon can be the state that does that.”

Jon Bell is a Portland-based journalist. His last story was on Mount Hood. He can be reached at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 



 

More Articles

Photo Log: Waterfront Blues Festival

The Latest
Thursday, July 09, 2015
bluesfestthumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

The sweltering weather didn't keep the crowds away. Although the numbers were down slightly from last year, the Oregon Food Bank raised $850,636 to fight hunger.  About 80,000 people attended despite temperatures in the upper 90s.


Read more...

Is there life beyond Reed?

September 2015
Wednesday, August 19, 2015
BY GARY THILL | PHOTOS BY JASON E. KAPLAN

A storied institution climbs down from the ivory tower.


Read more...

Fueling Up for the Climb

July/August 2015
Friday, July 10, 2015
BY GREGG MORRIS

Rita Hansen aims to scale natural gas vehicle innovation.


Read more...

The 10 most successful crowdfunding campaigns in Oregon

The Latest
Wednesday, August 19, 2015
081915-crowdfundingmainBY JACOB PALMER | DIGITAL NEWS EDITOR

One of the hottest new investment trends has proven quite lucrative for some companies.


Read more...

Storyteller in Chief: Power Player

September 2015
Wednesday, August 19, 2015
BY LINDA WESTON

In 1996, after a 17-year career in the destination marketing industry, where I gained national standing as the CEO of the Convention & Visitors Association of Lane County, I was recruited by the founders of a new professional basketball league for women. The American Basketball League (ABL) hoped to leverage the success of the 1996 USA women’s national team at the Atlanta Olympics — much like USA Soccer is now leveraging the U.S. Women’s National Team’s victory in the World Cup. The ABL wanted a team in Portland, and they wanted me to be its general manager.


Read more...

Quake as metaphor

Linda Baker
Tuesday, July 14, 2015
071515-earthquakia-thumbBY LINDA BAKER

The Big One serves as an allegory for Portland, a city that earns plaudits for lifestyle and amenities but whose infrastructure is, literally, crumbling.


Read more...

Car be gone

Linda Baker
Thursday, August 06, 2015
070615car2goblogthumbBY LINDA BAKER

Car and ride sharing services have taken urban areas by storm. Low-income and suburban communities are left at the curb.


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