Hood River economy holds steady

| Print |  Email
Archives - March 2009
Sunday, March 01, 2009

hoodriver.jpg Hood River has seen dozens of new businesses open and the county has the third-lowest jobless rate.

HOOD RIVER The recent closings of five Hood River businesses, including the historic Columbia Gorge Hotel, has created concern about the town’s overall economy. Yes, the hotel is in trouble and several businesses — Hood River Chrysler Jeep Dodge, Hood River Ford Mercury, Abruzzo Italian Grill, and the Panzanella bakery — have shut down. But local business officials say that the city of around 7,000, which relies heavily on its agriculture, sports recreation and tourism industries, is doing fine.

The weakened economy hasn’t deterred local entrepreneurs from bringing a variety of new businesses to the area. Over the past year, Hood River has seen the addition of 29 businesses, most of which center around the town’s tourism industry, says the local chamber. New businesses include several restaurants, retail shops, art galleries, a museum and a salon. And the county has the third-lowest unemployment in the state at 6.6%.

“Business has slowed,” says Stu Watson, coordinator for the Hood River Downtown Business Association. “But we are optimistic that in this economy, there are still people with steady incomes that are going to want to vacation, dine out and shop here.”

During the winter months, the town’s economy depends mainly on tourists drawn to the area by Mt. Hood Meadows Ski Resort. Although hazardous winter weather conditions limited early-winter travel, the area saw business increase during January, says Greg Colt, president of the business group. Bill Fashing, the county’s economic development coordinator, adds that there is no indication that the bottom of the tourism market has fallen out.   

“In a town this size, you know almost everyone. But when I go out to a restaurant or a coffee shop, I’m still seeing quite a few faces I don’t recognize,” says Colt. “When I stop seeing those faces, then I’ll worry.”

Fashing also notes that there are a number of other business sectors that are doing well, and have not yet faced major layoffs. Although based across the river in Bingen, Wash., unmanned aircraft systems manufacturer Insitu has boosted the town’s economy.  

But Fashing warns that while business in the area is holding steady and unemployment is fairly low, that could change quickly as consumer spending patterns change.

“Any industry that depends on the leisure discretionary dollar is struggling,” says Watson. “Businesses need to look long and hard at staffing and cost factors, and adjust to changing times. If they don’t, they might not survive.”      
NICOLE STORMBERG


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Can small be large?

Linda Baker
Wednesday, April 01, 2015
040115-lindablogthumbBY LINDA BAKER

Leaders in Oregon's ag sector gathered this morning in Portland’s Coopers Hall winery/taproom to discuss the role of the region as an export gateway, impediments to exporting products and solutions to containerized shipping challenges.


Read more...

5 highlights from the Angel Oregon Showcase

The Latest
Thursday, April 23, 2015
IMG 5069BY JACOB PALMER | DIGITAL NEWS EDITOR

The entrepreneurial spirit was alive and well at the Oregon Angel showcase, an annual event for angel investors and early stage entrepreneurs.


Read more...

Nuclear fingerprints

March 2015
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.


Read more...

Beyond Bodegas

April 2015
Friday, March 27, 2015
BY JACOB PALMER

Five years in the making, the Portland Mercado — the city’s first Latino public market — will celebrate its grand opening April 11. A $3.5 million public-private partnership spearheaded by Hacienda CDC, the market will house 15 to 20 businesses in the food, retail and service sectors. It has some big-name funders, including the Paul G. Allen Family Foundation and JPMorgan Chase. The project goals are equally ambitious: to improve cross-cultural understanding, alleviate poverty and spur community economic development. 


Read more...

Opening soon: 3 of the coolest new breweries in Oregon

The Latest
Thursday, March 19, 2015
brewthumbBY JACOB PALMER | DIGITAL NEWS EDITOR

There are 278 companies licensed to operate as brewery, according to the Oregon Liquor Control Commission. Here are three new beer-making hubs slated to open soon.


Read more...

The best crisis is the one you avoid

Contributed Blogs
Wednesday, April 15, 2015
crisisthumbBY GARY CONKLING | GUEST BLOGGER

Avoiding a crisis is a great way to burnish your reputation, increase brand loyalty and become a market leader.


Read more...

5 ways successful people kickstart the day

The Latest
Thursday, April 02, 2015
coffeethumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Are mornings the most productive part of the day?  We ask five successful executives how they get off to a good start.


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