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|Articles - April 2011|
|Wednesday, March 23, 2011|
Page 7 of 7
Lincoln City by the numbers
Business growth in Lincoln City is measured primarily with lodging industry numbers because the lodging industry is one of Lincoln City’s biggest employers. Hotel, motel and vacation room rentals for December 2010 were $1.9 million, up 12.4% over December 2009.
Despite the economic difficulties faced by the state and Lincoln County, the average wage in Lincoln City has risen 17% from $22,505 in 2003 to $26,290 in 2009, the most recent year for which the state has statistics. Within the hospitality industry alone, the average wage has risen 12% from $19,297 to $21,706 over the same period. Lincoln County added about 1,000 jobs during that time, though the city’s job growth has been basically flat since 2003. (See chart below.)
Total payroll dollars grew from $116 million in 2003 to $135 million in 2009, though still not back to peak levels of 2008. (See chart below.)
“Most of our businesses outside of the lodging industry are small businesses,” says Linda Roy, executive director of the Lincoln City Chamber of Commerce. “But I have noticed that our empty storefronts are now being filled. It’s slow going but a tanning salon just opened, a rock store that will sell agates is opening soon, and there’s a café/bistro going in on the main highway.” Tourism has bounced back, with a 2% increase in gross lodging receipts in 2010 (despite the rainy spring and summer), bringing the Lincoln City economy back to pre-recession levels.
Tuesday, June 23, 2015
Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.
Friday, May 08, 2015
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Hagfish may not have evolved much over the last 300 million years, but their protein-heavy slime promises advances in super-materials.
Friday, May 22, 2015
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Wednesday, June 03, 2015
As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.
Friday, May 22, 2015
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Inside the topsy-turvy world of corporate sustainability rankings.
Friday, May 22, 2015
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Floor plans embrace the great wide open.
Thursday, May 21, 2015
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Uncertainty is a part of doing business, whether in through the lens of investment opportunities and risks or the business of running an enterprise.
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