Economy

Economy, Business, Finance & Labor

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.

City of Eugene

Eugene City Manager Jon Ruiz says the financial outlook for next year is good.  He presented the spending plan to the budget committee this week.

Rachael McDonald

This year’s point in time homeless count found fewer people in Lane County than last year. There were 1,451 people without a home on that January night. Volunteers and staff visited parks, undersides of bridges, and places not meant for human habitation during the annual count.

Karen Richards

An evolving new industry in Oregon is having—and causing-- growing pains. Until recently, many commercial and industrial spaces in Eugene and Springfield were vacant and property owners were bleeding money. Now, in large part because of the cannabis industry, warehouse space is hard to find.

A 16-thousand square foot industrial building in west Eugene has been under contract for sale to a marijuana grower for more than six months. There's a carpeted suite of offices up front.

[Door opening]

and behind that:

[Door closing]

Oregon Dept. of Fish & Wildlife

The Oregon pink shrimp fleet has agreed to suspend harvesting operations for about a month. That’s so the shrimp can grow to a more marketable size.

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