Home Back Issues March 2009 Hood River economy holds steady

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

The 100 Best Green Workplaces in Oregon

June 2014
Tuesday, May 27, 2014

GreenLogoOregon is known for its green-minded citizens, and many workers are attracted to firms and organizations that practice green, not just pay lip service to it.


Read more...

Detox fashion

June 2014
Thursday, May 29, 2014
BY LINDA BAKER

Remember mood rings? A team of scientists at Oregon State University has designed what might be considered a 21st-century analog of the ’70s jewelry fad: a bracelet that reveals one’s exposure to pollutants.


Read more...

Understanding Oregon medical marijuana dispensary tenants

News
Friday, June 13, 2014
061314 thumb grassrentBY CLIFF HOCKLEY | OB GUEST BLOGGER

This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.


Read more...

Driving green

June 2014
Thursday, May 29, 2014
BY KIM MOORE

Transportation accounts for the second-largest source of greenhouse gases in the U.S. (28% in 2012), and the use of renewable fuels, such as biodiesel and ethanol, is booming in light of state and national programs to make transportation fuels cleaner.


Read more...

What I'm Reading

June 2014
Thursday, May 29, 2014

The CEO of Axiom EPM, Peri Pierone, and the co-founder of McMenamins, Mike McMenamin, share their recent reads.


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...

Downtime with Doug Gastich

June 2014
Thursday, May 29, 2014
BY JESSICA RIDGWAY

How the president of BlueVolt spends his free time.


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