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|Archives - November 2009|
|Thursday, October 22, 2009|
Managing editor Ben Jacklet spent two weeks immersed in rural Oregon’s timber towns to investigate how these communities, once buoyed by abundant wood product operations, would reinvent themselves to survive. The story states the salient issue: “These towns are left with an unenviable choice: diversify or die. Only how?”
In this special report that begins on page 26, Trouble in Timber Town, Jacklet finds the answers as varied as the towns themselves. But from Prineville to Oakridge, to Roseburg and on out to Burns-Hines, the thing that holds true for all of them is that the future is surely in the hands of the local private and public sector entrepreneurs — those folks who won’t and don’t give up.
That same unsinkable attitude was evident when three members of the Portland chapter of the Entrepreneur’s Organization (EO) came visiting a few weeks ago. The EO has 69 members whose companies have an average of 28 employees and about $6 million in revenue. Classic small to medium businesses that are the backbone of Oregon’s economy.
JD Elder, the president of the local chapter, knows something about hard times. He owns Elder Demolition, which has been walloped by the housing industry collapse; his revenues have shrunk from $7 million to $3 million. The biggest issue facing him and most of his colleagues is that banks “are cutting us off at the knees.” Bank lines are being reduced and certain sectors, like construction, “have just been cut loose.”
Elder’s assessment is true nationally. A recent story from Reuters reported, “Small companies create more than half of America’s jobs, but the entrepreneurs who drive this part of the economy continue to complain that access to credit two years into the recession is scarce.” And according to a survey by the Federal Reserve Board, most banks will keep their lending standards tight until at least the middle of 2010.
But despite that challenge and more, you can’t keep a good entrepreneur down. Bryan Howe, CEO and founder of MasterPlans.com, a company that writes business plans for entrepreneurs seeking funding, says business has dropped by 30% since last year. But even though business is off, Howe sees more optimism in clients this year.
“I don’t hear about anyone throwing in the towel and going back to work for someone else,” says Jill Nelson, CEO of Ruby Receptionists, which provides virtual receptionists to companies. “Once an entrepreneur, always an entrepreneur.”
It will be entrepreneurs like these — from the big city or the small town — and the employment they provide that is the key to reclaiming a healthy economy.
Jobless recovery? Let’s not kid ourselves, or at least, let’s not buy into the label that local and national economists are using. It isn’t a recovery until the jobs come back.
Monday, September 28, 2015
BY BEN WATERHOUSE
How Portland's Garden Bar plans to become the Starbucks of salad.
Thursday, November 12, 2015
BY LINDA BAKER
I walked off the Vigor Industrial shipyard that day with a clear cover line in mind: the Love Boat.
Friday, November 20, 2015
PHOTOS BY JASON E. KAPLAN
Friday, October 02, 2015
BY KIM MOORE
Our intrepid (and expecting) research editor finds the child care search involves long waiting lists, costly fees and no certainty of securing a place before she goes back to work.
Wednesday, September 30, 2015
Oregon Business magazine has named the seventh annual 100 Best Nonprofits to Work for in Oregon. The rankings were revealed Wednesday night during an awards dinner at the Sentinel Hotel in Portland.
Monday, September 28, 2015
BY DAN COOK
Eastern Oregon marketers refocus rural assets through an urban lens.
Wednesday, October 28, 2015
BY JACOB PALMER
A Power Lunch at the Barn Light Cafe & Bar in Eugene.
|The Love Boat|
|The Food Pod Grows Up|
|The High Road|
|Tinker, Tailor, Portland Maker|
|The Shift to Community Health Care|
|The Harder They Fall|
|Costco chicken salad linked to E. coli case in Washington|
|Nestle comes clean about benefitting from slave labor|
|Enormous drugmaker emerges from Pfizer, Allergan deal|
|Startups joining lobbying game|
|Merchants complain as Square goes public|
|Solutions sought for unpaid child support|
|FDA OKs GMO salmon|
Economic diversity has proven a smart strategy for the Port of Hood River. How can other Oregon communities replicate the model?
Phone, Internet needs of small community school districts earn attention of top-five telecom provider.
Farmland LP grows its vision for organic farming in Oregon.
The Salem Convention Center has capped its tenth anniversary year by earning the prestigious “Best of the Best 2015” award from NW Meetings & Events magazine. Selected as the Best Convention/Conference Venue in Oregon by meeting and event planners from Alaska, British Columbia, Idaho, Oregon and Washington, the Salem Convention Center ranked above the Oregon Convention Center and the Portland Art Museum.
The Oregon Cooperative Hall of Fame honors individuals for their outstanding contributions to the successful building and operation of Oregon agricultural cooperatives.
Health insurer reports $10.2 million in net income after taxes through the first nine months of 2015.