Economy

Economy, Business, Finance & Labor

What Does Brexit Mean For Oregon?

Jun 24, 2016

As the U.K. decides to leave the European Union, the question in Oregon is: What does it mean for the state?

Oregon State University assistant professor Alison Johnston said the main issue is stock market volatility.

“I think your big Oregon companies that I know of, companies like Nike, and Intel and Columbia, I don’t think they’re going to be impacted too much,” Johnston said.

Adidas released a statement to OPB, saying it regrets the U.K.’s decision, but expects the demand for sporting goods to continue.

Rachael McDonald

Lane County voters may consider a tax on recreational marijuana in the November election. The Board of Commissioners Tuesday approved the idea of a local pot tax.

Rachael McDonald

Construction is underway in West Eugene on an affordable housing complex for people with criminal histories. Officials celebrated with a groundbreaking Friday.

Wikimedia commons

United Airlines is bringing its mainline jet service back to the Eugene Airport. As of Thursday the larger capacity planes will fly to and from San Francisco.

Karen Richards

Oregon communities struggling to create jobs will soon have access to tens of millions of dollars in state tourism funds. July 1st, a new lodging tax goes into effect. The city of Oakridge embraced mountain biking as its road to economic recovery. Residents there may consider several ways to further attract visitors.

EWEB

The Eugene Water and Electric Board Thursday selected Frank Lawson as General Manager. Lawson, who is a Eugene native, currently serves as EWEB’s Electrical Systems Engineering Supervisor.

Rachael McDonald

UPDATE: The Eugene City Council got input Monday night from the public on projects for urban renewal funding. Dozens of people urged the council to prolong the district according to the Register Guard.

The Eugene City Council wants input on proposed projects for urban renewal district funding downtown. It’s holding a public hearing Monday.

Rachael McDonald

There’s a big push to transform downtown Eugene into an innovation district, where techies, artists, scientists and entrepreneurs can connect. One group hopes to turn a shuttered former department store into the next innovation hub. Supporters hope a public / private partnership can make it happen.

Rachael McDonald

Lane County may reduce the amount of money it’s collecting from its jail bed levy. That’s up to the county’s budget committee, which meets Thursday, May 19th.

oregonquarterly.com

Major metro areas in Oregon continue to grow and thrive, but new home construction across the State remains stagnant. Even though homes aren't getting built, that doesn't mean the real estate market is quiet.

Oregon's economy continues to expand. The State unemployment rate is hovering around 5%. Many job sectors are posting gains, and the national economic expansion is causing migration trends. But, even though the population is increasing, single family homes aren't getting built. Tim Duy is an Economics Professor at the University of Oregon.

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