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|Archives - February 2009|
|Sunday, February 01, 2009|
THE CENTRAL QUESTION
What will replace Central Oregon’s collapsed housing-reliant economy? The answer is multifaceted — and hopeful.
BY ABRAHAM HYATT
Welcome to Central Oregon, where the economic news is grim and the bottom is nowhere in sight. It’s no secret why: The one major engine behind the region’s fast-paced growth was the housing boom. When that evaporated, the reverberations slammed through the region, hitting some of the biggest employers, like wood products manufacturing, particularly hard.
“There’s no natural grouping of industries that will propel [a rebound],” he says. “We become too tied up in what specific industries are going to lead us out. What’s more likely is that we’ll bottom out and then our general growth over time will lead us out.”
“They’re going to be small drivers, not like what you see over here in the [Willamette] Valley,” Penwell says. “But these are firms that are still going to be growing from 50 to 150 employees.”
Within the various niche industries, the sporting goods mini cluster — like the high-tech sector — is often mentioned as having a growing role. Jennifer Woods, a senior international trade specialist with the U.S. Commercial Service, lists some of the fastest growing: Metolius Mountain Products (rock climbing equipment), Ruff Wear (outdoor gear for dogs), Greatoutdoors.com (online retail), Kialoa Canoe Paddles, and Entre Prises (climbing walls and handholds). Many of them, she says, are finding work on the international market to balance out what’s happening at home.
Economic growth is only possible if there’s a place for businesses to grow or move into. Over the past several years, Redmond has aggressively expanded its urban growth boundary, which has allowed it to respond to the need for manufacturing-ready land far quicker than its neighbors, Jackson says. That expansion process is crucial for cities, he says, because the enterprise zones that are subsequently created are one of the only tools a city has in attracting and keeping businesses. Prineville and Madras are following in the footsteps of Redmond.
Despite public agencies’ efforts to stimulate growth, the overall economic market sometimes dictates success or failure. The best example of why Central Oregon’s economy will be rebuilt by many different industries instead of one major player lies in the aircraft cluster. The sector was once considered an economic rock star, providing thousands of jobs that ranged from manufacturing planes to making safety and utility equipment for helicopters and airplanes.
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Wednesday, August 13, 2014
BY TOM COX | OB BLOGGER
When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
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Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.
Vanessa Sturgeon and Miller Nash LLP were selected as leaders in encouraging female advancement.