|| Print ||
|Articles - April 2012|
|Thursday, March 22, 2012|
Page 1 of 3
BY LINDA BAKER
Fueled by the twin public and private sector engines — Oregon State University and Hewlett-Packard — Corvallis has been in a golden economic spot for most of the past three decades. But in recent years, the recession, coupled with steady job cuts at HP’s local campus, has tarnished a city ranked as the most innovative in the country. Today, Corvallis suffers from stagnant wage and job growth, a lack of economic diversity and a steep decline in the manufacturing sector, according to an economic development report released in late 2011.
“We were in a very privileged situation and frankly didn’t have to try very hard,” says Elizabeth French, a vice president at engineering and construction firm CH2M HILL and chair of the Corvallis Economic Development Commission, a 9-member committee formed last year to address the city’s economic challenges. “We had HP here, a stable employer with great benefits that employed thousands of people. But we put too many eggs in one basket.”
To help diversify the local economy, the city council in January approved an ambitious economic development plan that would make business a priority of city government. That plan is not the only significant new initiative adopted by the city over the past year. Last summer, the council also signed a memorandum of understanding with OSU — the first in city history — aimed at addressing short- and long-term issues triggered by growth at the university, where enrollment has increased from about 19,300 in 2006 to 25,000 today.
Collectively, these efforts underscore a few of the fiscal and livability challenges facing Corvallis, as well as the potential for the city to capitalize on its assets to resolve those challenges.
Blessed with riverfront parks, a popular library and a relatively healthy downtown, Corvallis also has one of the state’s lowest unemployment rates — 6% — and one of the highest percentages of PhDs in the workforce of any U.S. metro area. Despite these strengths, some key economic indicators are lagging. At its peak, Hewlett-Packard employed 7,000 workers; that number has now fallen to about 2,200. Corvallis ranked 310 out of 365 metropolitan statistical areas in percent of income growth between 2009 and 2010. Public school enrollment is declining and only two major employers are growing: OSU and Good Sam Medical Center, which employs about 1,700 people.
Friday, January 23, 2015
BY KIM MOORE | OB RESEARCH EDITOR
Carbon pricing is gaining momentum in Oregon, sparking concern for energy-intensive businesses — but also opportunity to expand a homespun green economy.
Thursday, January 08, 2015
BY CAMBIA HEALTH SOLUTIONS & OREGON BUSINESS COUNCIL | OP-ED
Businesses have a significant stake in the health of Oregonians. In fact, we cannot succeed without it. By committing to using our companies as levers for good health, we invest in our people, our business, our quality of life and our economy.
Thursday, January 15, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
Consumers love the savings they get from low oil prices, but how has business been affected?
Thursday, December 11, 2014
BY JESSICA RIDGWAY
Lawger upends the typical hourly based fee model by letting clients determine the cost.
Friday, January 02, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
The University of Oregon football team looked unstoppable on the field Jan. 1 — and the university is reaping the benefits of the new postseason format.
Friday, December 12, 2014
BY LINDA BAKER
A conversation with Oregon state economist Josh Lehner.
Saturday, December 13, 2014
A look-in on the life of Norris & Stevens' president, plus an abridged Powerlist for the best commercial real estate firms.
Real Time - Oregon Business
Tweets by @OregonBusiness
|Legislative Preview: A Shifting Balance|
|Tackling the CEO-worker pay gap|
|Corner Office: Pam Edstrom|
|Justice for All|
|Corner Office: Timothy Mitchell|
|Corner Office: Sheree Arntson|
|West Coast port talks resume after rallies|
|Consumers pine for better battery life|
|Gates Foundation aims to gradually improve world for the poor|
|European Central Bank announces stimulus measures|
|Netflix reports strong fourth quarter|
|Shazam eclipses $1B valuation mark|
|Elon Musk project, SpaceX, to be backed by Google|
Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
How sports tourism is driving economic growth and making cities across Oregon a better place to live.
Port of Morrow's business-ready attitude has a surprising global impact.
Through its support of the arts, the Cultural Trust is strengthening the business community.
The official launch will be Jan. 14.
In a switch on the traditional trade show, representatives from UO departments and local and state agencies will host tables to connect with businesses and vendors. The fourth Reverse Vendor Fair will take place Wednesday, Feb. 25, in Eugene.
Featuring Oregon Department of Agriculture Director Katy Coba along with high-profile Oregon Ag attorney Tim Bernasek whose recent matters include representing the Oregon wheat farmer who discovered unreleased “Roundup Ready” resistant GMO wheat growing in his fields.