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|Articles - January 2010|
|Thursday, December 17, 2009|
The city of Astoria is bracing for a substantial hit to its local economy because it is losing half its cruise ship business.
Between 2007 and 2009, Astoria averaged more than 18 ships a year, but the port lists only nine expected for 2010. Industry averages mean that this picturesque city of nearly 10,000 people can expect to lose $2.1 million in retail sales. The Port of Astoria estimates it will lose up to $180,000 in revenue.
“It’s a blow,” says MacAndrew Burns, executive director of the Clatsop County Historical Society. Burns says he estimates he will lose about 5% of revenue without the ships.
Pete Gimre, owner of Gimre’s Shoes, says his store does up to 50% more business on days the ships are in port, requiring him to add eight to 12 employee hours each day. “[The ships] boost so many businesses downtown, it’s just gravy,” he says. “But when you lose that gravy, things aren’t as good.”
Jill Harding, chief of visitor services at Lewis and Clark National Historical Park, says the park doesn’t see as many visitors from the ships as other area attractions, but she agrees the declining numbers of passengers coming to town will definitely affect admissions.
Judy Niland, managing director of the Astor Street Opry Company, says she has already lowered her ticket prices by about $3 to attract locals who might be tightening their belts. “When they’re feeling the pinch, we feel it the most.”
“Nobody wants to hear there will be half as many ships,” says Paula Bue, manager of the Astoria Column visitor center. But like many Astoria residents, she stays positive and looks to the future — particularly the city’s bicentennial this year. “If 20,000 people aren’t coming [from the ships], we’ll just have to go find another 20,000.”
“We need to think ahead and do things to increase traffic without them,” says Blue Anderson, head of visitor services at the Columbia River Maritime Museum. She says her museum will have extra exhibits and special events to mitigate any loss of revenue.
Skip Hauke, of the Astoria-Warrenton Chamber of Commerce, says the visits declined because of “extreme taxes” from the state of Alaska, a destination for many of the ships. Johanna Bales, deputy director of Alaska’s tax division, says her state levies a 33% tax on gambling revenues on top of a 9.4% corporate tax and $50 in passenger fees.
City leaders count their blessings Astoria didn’t lose all their cruise ship visits. “I like to think we have nine ships coming in next year,” says Hauke. “That’s more than most places. If we treat them right they’ll return when the economy improves.”
WILLIAM E. CRAWFORD
Friday, December 12, 2014
BY LINDA BAKER
A conversation with Oregon state economist Josh Lehner.
Friday, October 24, 2014
How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!
Tuesday, December 02, 2014
BY LINDA BAKER
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Thursday, December 11, 2014
There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation. Here’s an excerpt:
The authors, Henry Timms and Jeremy Heimans, don’t necessarily favor one form of power over another but merely outline how power is transitioning, and how companies can take advantage of these changes to strengthen their positions in the marketplace.
Our Powerbook issue might be viewed as a case study in the new-power transition. This annual book of lists provides information on leading businesses, nonprofits and universities in the state. Most of the featured companies are entrenched power players now pursuing more flexible and less hierarchical approaches to doing business. Law firms, for example, are adopting new technologies and fee structures to make legal services more accessible and affordable.
This month we also take a look at a controversial new U.S. Securities and Exchange Commission rule requiring public companies to disclose the median pay of workers, as well as the ratio between CEO and median-worker pay.
Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.
New power is not only about strategy and tactics, the Harvard Business Review authors say. “The ultimate questions are ethical. The big question is whether new power can genuinely serve the common good and confront society’s most intractable problems.”
That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!
Thursday, December 18, 2014
2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.
Friday, November 14, 2014
BY JESSICA RIDGWAY
Oregon entrepreneurs reveal their favorite caffeine hangouts.
Thursday, December 11, 2014
BY JESSICA RIDGWAY
Lawger upends the typical hourly based fee model by letting clients determine the cost.
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