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Nursery industry experiencing slump

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High Five
Monday, October 24, 2011

The closure of the Oregon Coast Garden Center after 52 years of business is indicative of a larger downturn for Oregon's nurseries.

Clackamas Greenhouses ceased operations in Oct. 2011 after filing for Chapter 12 Bankruptcy in March 2009. President David Niklas said the company went under after being unable to obtain financing. 
"The nursery industry is still a category most banks don't want to be in," Niklas said.
Means Nursery in Scappoose is "nowhere near bankruptcy," according to bookkeeper Mary Cooley, though the company laid off nearly 100 employees in 2010 and now has just 13.

Read more at OregonLive.com.

{biztweet }oregon nursery{/biztweet}

 
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