Oregon economy

Flickr.com's Forest Service.

Oregon’s economic health is still on a steady rebound since the last recession, according to one analyst.  KLCC’s Brian Bull reports.  

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]

The Economic Impact Of Legal Marijuana In Oregon

Dec 19, 2014

Oregon is preparing for the economic impact of legal recreational marijuana, following the passing of Measure 91 by voters. KLCC's Desmond O'Boyle interviews Troy Dayton, CEO of a research group who publishes economic projections for business owners and entrepreneurs.

econforum.uoregon.edu

Economic indicators recently released by the University of Oregon show the state are showing improvement. October employment data was stronger in all areas except natural resources and mining sectors.

Manufacturing was particularly strong during the fall, suggesting the State is on par with national growth trends. The household sector is also stabilizing after years of negative data. Tim Duy is Director of the Economic Forum at the U of O. He says employment services, or temp resources are on the rise.

www.oregon.gov/consumer.businessess

Oregon's workers' compensation costs have dropped for a second straight year. The Department of Consumer and Business Services announced last week costs will decrease an average of 5.3% in 2015.

The Department approved the decrease in Oregon's "pure premium," which is the price employers pay insurers to cover anticipated workers compensation costs. Department of Consumer and Businesses Spokeswoman Lisa Morawski says in the last few years the state, private businesses, and insurance companies have focused on improving workplace safety and health.

Lane Transit and ATU Agree on 3-Year Contract

Jul 1, 2014
LTD.jpeg

Lane Transit District and the Amalgamated Transit Union reached agreement on a three-year labor pact hours before its existing contract expired. 

The new contract was arrived at just in time to meet the current contract’s July first expiration.  It grants annual cost of living increases of two, two point 75, and 3 point 35 percent respectively through 2017. 

L-T-D’s  Andy Verbora says its labor negotiations have come a long way from 2005, when the union went on strike:

Oregon's Economy Experiencing Average Growth.

Jun 30, 2014
oregonquarterly.com

The state's economy continues to experience average to above average growth. Desmond O'Boyle reports on the latest economic indicators to come out of the University of Oregon.

What RAIN Can Bring To The Southern Willamette Valley

Jun 2, 2014

Meeting Date: May 30th, 2014
Air Date: June 2, 2014

Last summer, the Oregon legislature approved $3.5 million seed funding for the South Willamette Valley Regional Accelerator and Innovation Network (RAIN). RAIN’s goal is economic development for our area, which is slowly making the transition from a dependence on natural resources to a knowledge-based economy.

Karen Richards

Governor John Kitzhaber was in Eugene today (Wednesday) to sign a “Declaration of Cooperation” for the new regional business accelerator. The document pledges the state's commitment to the project.

The Regional Accelerator and Innovation Network, or RAIN, is a partnership between local universities, communities and businesses. The acronym is appropriate for the area, and for the growth of new ventures. Governor Kitzhaber remarked that Oregonians embrace rain:

DredgingToday.com

Oregon's coastal ports are used for commercial and recreational purposes and are an integral part of the state's economy. Years of federal budget cuts have left the ports in need of maintenance and dredging.

The U.S. Army Corps of Engineers is allocating $20-million in new funding for Oregon ports. Oregon Congressman Peter DeFazio had lobbied for additional money for ports in his Southwest Oregon district, which he said are in dire need of dredging.

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