When I interviewed Blount International CEO Josh Collins a year ago, he offered a clear strategy for growing sales from $487 million in 2009 to approximately $920 million in 2014. He may hit his goals sooner than planned after Blount's purchase Wednesday of Illinois-based farm equipment manufacturer Woods Equipment for $185 million.
What it really boils down to for rural Oregon is the need to adapt from an economy largely based in timber and agriculture to an economy with a robust balance of commercial, industrial and retail development. Does this mean that rural areas should “settle” for opportunities that don’t perfectly match up with economic development strategies? Does it mean that desperate times call for desperate measures? Maybe, maybe not.
Portland economist Bill Conerly says his best forecast right now is that growth will accelerate enough to avoid a recession; not enough for us to feel good about the economy this year or next, but enough to avoid a recession.
Oregon Business magazine has been named one of the top three small business-to-business publications in the nation by the American Society of Business Publication Editors.