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|Articles - July/August 2012|
|Monday, July 09, 2012|
Page 2 of 7
This makes comparing the list year to year a little problematic but still worthwhile. In 2011, for instance, total annual revenue of all 150 companies was $32.0 billion. This year it’s $32.7 billion. Average revenue inched up 2.2% to $218.1 million.
Of the 132 companies for which we have 2011 and 2012 revenue figures, 94 or 71% had higher revenue this year, showing continued recovery among Oregon’s private companies. Eleven had no change in revenue and 27 saw declines. Average revenue growth was 13.4% for these companies.
Most of the Private 150 are very well established. The average year they were founded is 1965. The youngest company is Portland’s Langley Investment Properties, formed in 2011 when Ashforth Pacific’s local management bought out its assets from a parent company in Connecticut. Wood-products manufacturer Collins Companies, formed in 1855, is still the oldest company on the list.
The Private 150 carry huge weight in terms of jobs. They employ 50,407 in Oregon and 134,569 total, averaging 336 Oregon workers and 897 companywide. Last year they employed an average of 330 in Oregon and 912 companywide. The biggest employer on the list is No. 3 Knowledge Universe in Portland, with 30,930 employees worldwide. But the company with the most employees in Oregon is No. 12 Bi-Mart Corp., based in Eugene, with 3,300 workers statewide.
Recent statistics from the U.S. Bureau of Economic Analysis indicate Oregon had the second-fastest-growing state economy in the nation during 2011. As its economy advances or sputters in 2012, the Private 150 and others will continue to drive any job growth and new prosperity in Oregon.
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The Commission helps to advance the professionalism, equality and efficiency of Oregon's judicial branch of government.