Economy

Economy, Business, Finance & Labor

Eugene Airport

This fall, Eugene air passengers will have a new nonstop flight option. Horizon Air announced today (Monday) they're adding daily direct flights to San Jose.

San Jose was identified over five years ago as an underserved market. A partnership between the Eugene Airport and several economic development groups secured a half-million dollar grant to help establish the new service. Dave Hauser is President of the Eugene Chamber of Commerce:

oregon.gov

Oregon officials are visiting the Dominican Republic and Panama as part of a trade delegation this week.

There are two industries interested in Latin American market expansion; Christmas trees and potato farming. The trade mission is being led by the US Department of Agriculture. ODA Trade Manager Julia Turner says Asia is still Oregon's top export priority, but reaching out to other markets is important as well.

Eugene, Bend Postal Plants Will Remain Open For Now

May 28, 2015
Portland Communities and Postal Workers United

The US Postal Service has announced that it will defer closing postal facilities in Eugene and Bend.

Bend and Eugene/Springfield were among more than 50 mail processing facilities nationwide originally slated to close this summer. For now, letters sent from Bend will still be processed in Bend, instead of being sent to Portland.

Peter Hass is a spokesman for the Postal Service.

UO Foundation

The University of Oregon Foundation dropped a bombshell Tuesday when it announced it would not pursue the redevelopment of EWEB's riverfront property in downtown Eugene.

Eugene Water & Electric Board Commissioners chose the UO Foundation last October over two Portland developers to transform the utility's 17-acre diamond in the rough property along the Willamette River. But the Foundation has now backed out, saying the deal is too financially risky.

Over the next few years, more trucks in Oregon may be running on the waste from yesterday’s burgers. Oregon-based SeQuential Biofuels has upgraded its equipment and added jobs, to prepare for a growing market.

In mid-March, Oregon Governor Kate Brown signed the Clean Fuels Program bill. It requires sellers and manufacturers of transportation fuel to implement the reduced emissions rules legislators developed over the past five years. SeQuential’s Rachel Shaver says they’re expecting increased demand because the new law looks at lifecycle emissions:

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A new casino is opening in Coos Bay Thursday, bringing jobs and competition to the area. It will be called the Three Rivers Casino in Coos Bay.

Three Rivers projects the new casino will add more than 90 full time jobs with benefits in Coos Bay. The original casino is in Florence. The new expansion is part of the evolution into a full resort property according to Assistant general manager, Bob Garcia.

Oregon Live

Long-time Register Guard editor and publisher, Tony Baker, is stepping down. The Eugene daily paper has hired the head of The Oregonian Media Group to take his place.

Baker has been at the helm of the Register-Guard for 28 years. N. Christian Anderson III led the Oregonian through a transition to a digital-first organization.  

Former Dean of the U of O School of Journalism and Communication Tim Gleason says he expects change at the Guard.

Karen Richards

U.S. Representative Peter DeFazio led a rally today (Monday) in Eugene. He was raising awareness of President Obama’s push for “fast track” authority to implement a controversial trade agreement.

City of Eugene

A controversial tax exemption program for housing in downtown Eugene has been suspended since 2013. Yesterday (Wednesday), the City Council voted to let the public comment on its amended version of the multi-unit property tax exemption, or MUPTE, program.

Oregon Employment Department

Oregon employers are offering higher wages and there are more job vacancies than in 2014. That's according to the Employment Department's recently released Job Vacancy Survey. The average hourly wage was $16.05 in 2014, this year it's $17.53. Employment Economist Jessica Nelson says higher average wages and more job vacancies are a reflection of Oregon's improving economy.

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