Sponsored by George Fox University
Home Back Issues July 2010 From the editor: And then there were two

From the editor: And then there were two

| Print |  Email
Articles - July 2010
Saturday, June 26, 2010
It was the year before the start of the new millennium and 1999 wasted no time in generating some of the biggest events of its decade. In January, the Euro currency was launched and President Bill Clinton’s impeachment trial in the Senate began. In February, the New Carissa ran aground off Coos Bay and Clinton was acquitted. The “Melissa worm” in March infected Microsoft applications, and April brought the unspeakable tragedy of the Columbine High School shootings.

The year also saw the death of John F. Kennedy Jr. and his wife and sister-in-law when their plane crashed, Lance Armstrong winning his first Tour de France, and a Portland jury ordering Philip Morris to pay $81 million to the family of a man who died of lung cancer. My Space, Bluetooth and Napster debuted and Viacom announced it would buy CBS for $36 billion, the largest media acquisition in history. The average price of a new house was $131,750, gas cost $1.22 a gallon and the Dow closed above 11,000 for the first time.

Closer to home, Oregon Business published its Private 150 list, an annual ranking of the private Oregon companies with the largest gross revenues. Topping the list were two companies with revenues of more than $1 billion: window and door king Jeld-Wen and wood products distributor North Pacific Group. The editor’s note that ran with the list proudly noted that 97 of the 150 companies had a website.

It was the last year that there were only two companies in the billion-dollar club. Over the next 10 years the list rose and fell  with Oregon’s economy:

In 2005 there were four: Jeld-Wen, North Pacific, Hampton Affiliates, Les Schwab and Roseburg Forest Products. The housing and construction industries roared.

In 2006, there were seven:
Jeld-Wen, Hampton Affiliates, Epic Aviation (fuel distribution), Les Schwab, North Pacific, Roseburg Forest Products and Colson &Colson/Holiday Retirement. The addition of Roseburg made three forest product companies on the list as the housing industry boom continued.

In 2007, there were nine: Jeld-Wen, Hoffman Construction, Les Schwab, Epic, North Pacific, Colson & Colson, Roseburg Forest Products, Hampton Affiliates and Vesta (electronic payments). The boom was at its peak …

In 2008, there were six:
Jeld-Wen, Hoffman, Les Schwab, Epic, Roseburg Forest, North Pacific. The construction industry and the rest of the economy collapsed …

In 2009, there were four: Jeld-Wen, Les Schwab, Epic, Hoffman, Roseburg Forest. And the collapse continued …

And then there were two. The 2010 billion-dollar club is dialed back down to 1999 levels with Jeld-Wen and Les Schwab the lone survivors of the Great Recession Massacre. The club is not the only indicator of a healthy economy, but it’s not a bad thumbnail. Here’s hoping the picture gets better next year.


robin-BLOG
Robin Doussard
Editor
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
OregonBusiness.com/robin
Twitter.com/robindoussard
 

Comments   

 
Lisa
0 #1 Hoping it will ChangeLisa 2010-07-22 11:39:16
Look at the industries that were in the 1B category. Heavily focused on the housing market which is still circling the drain. With our high unemployment, stagnant business climate and increasing taxes, I don't think there is much reason for optimism.

Let's HOPE the November elections bring on CHANGE and some new representatives who are focused in jobs instead of the enemy du jour---plastic bags! Is it any wonder Oregon's economy is flat-lined?
Quote | Report to administrator
 

More Articles

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

Trends in business succession

News
Thursday, July 03, 2014
TrendsBY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS

The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.


Read more...

Oversight? Or gaming the system?

News
Monday, July 14, 2014
AmazonBY VIVIAN MCINERNY | OB BLOGGER

Some people think Amazon’s winking eye logo is starting to look like a hoodwink.


Read more...

The business of running a food cart

News
Thursday, June 05, 2014
OBM1BY HANNAH WALLACE | OB BLOGGER

What does it take to launch and run one of these mobile food businesses?  


Read more...

Portland: Where young people go to work?

News
Friday, June 06, 2014
UntitledBY KATIE AUSBURGER | OB GUEST CONTRIBUTOR

How to build a hipster-friendly work environment.


Read more...

Q&A: David Lively of Organically Grown Co.

News
Tuesday, July 01, 2014
OGCLogoBY 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.


Read more...

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


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