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|Thursday, April 25, 2013|
BY BRANDON SAWYER | OB RESEARCH EDITOR
Oregon prides itself on being a small-business state, but its moms-and-pops and start-ups are not feeling loved. According to a recent survey of small business owners, the state's economy is worse off than the rest of the country.
The 2013 U.S. Bank Small Business Annual Survey of more than 3,000 small business owners in 25 states, primarily in Midwest and West, found that 42% of the 200 Oregon owners polled felt that economic conditions were worse off here than the rest of the country. However, sentiment has actually improved in this, the survey's fourth year: In 2011, 59% of Oregon owners felt the state was worse off than the nation.
In the other states surveyed for 2013 only 28% of respondents felt that their local economies were worse. And Oregon's pessimism can't be blamed on seaonal affective disorder, because only 24% of our northern neighbor, Washington's, small business owners felt that way.
Only 16% in Oregon think the state's better off, compared with 30% in Washington and 35% among all states surveyed. But whereas Washington's business owners str significantly more pessimistic in 2013 than last year, Oregon's owners are a little less depressed. Looking at the bigger picture, an equal number – 45% – thought the U.S. was in either a recession or in a recovery, and just 1% thought it was in expansion mode; 10% were unsure. These were roughly the same percentages for all those surveyed.
Oregon Business' reader input survey late last year found growing confidence in the state's economy, with 42% of more than 500 readers expecting it to improve this year, and 48% of them expecting their own business to improve.
Top challenges cited by small business owners in the U.S. Bank survey are economic uncertainty, government regulations, poor sales, taxes and competition from larger businesses.
Among other queries, 18% of Oregon small businesses expected to hire in the next year; 28% reported higher revenue this year and 43% expect even higher revenue next year; 62% describe the health of their business as 'good to excellent"; and 62% also say it's difficult for their business to borrow money.
In releasing their survey results, Malia Wasson, president of U.S. Bank in Oregon and Southwest Washington, said small businesses across the country are still reluctant to hire or invest in capital expenditures. "They’re waiting for the economy to show more of a recovery before their confidence returns.”
Friday, March 27, 2015
BY ROBERT MULLIN
A new energy-sharing agreement sparks concerns about independence and collaboration in the region's utility industry.
Wednesday, February 25, 2015
BY LINDA BAKER | OB EDITOR
The big news at Oregon Business is we’re getting a ping pong table. After reading the descriptions of the 2015 100 Best Companies to Work For in Oregon, a disproportionate number of which feature table tennis in the office, I decided it was time to bring our own workplace into the 21st century. It was a tough call, but it’s lonely at the top, and someone has to make the hard decisions.
Friday, March 20, 2015
BY OB STAFF
Join us to celebrate and network with Oregon’s best green workplaces!
Monday, March 02, 2015
BY KIM MOORE | OB RESEARCH EDITOR
Portland-based healthcare provider ZoomCare said it plans to “remake American healthcare” by expanding its on-demand urgent care model to emergency, surgery, dental and primary care, among others.
Thursday, April 09, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Bend has reclaimed its prerecession title as one of the fastest growing cities in the country.
Friday, March 27, 2015
BY AMY MILSHTEIN
Damian Smith bets on changing himself — and Portland — through consulting.
Tuesday, February 24, 2015
BY KIM MOORE | OB RESEARCH EDITOR
A partnership of a grassroots environmental organization and a youth group is striving to build community and business support for carbon price legislation.
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A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
Thinking about an MBA? Join us for our upcoming Wine & Cheese Information Session to learn more about Concordia University's MBA program.
Providing attendees with unique taste of the Northwest Reception.
CFM Strategic Communications turns 25 this year and is celebrating with a revamped website, special events for firm alumni and clients, a special-label wine and a list of 25 stories about its client work over the past quarter century.