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The economic outlook remains intact

October 31, 2017 --

Employment Reports, Preliminary Data, and Forecaster Bias

by Josh Lehner

Oregon Office of Economic Analysis

A few thoughts that help interpret the recent Oregon employment reports showing job losses. Keep in mind Oregon went through something similar in 2015 and, like then, our office is not worried today for one very important reason. (Hint: it’s wages)

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Oregon Brewers Festival generated $23.9 Million for Local Economy

October 30, 2017 --

2017 Oregon Brewers Festival Economic Impact Results

by Jill Moran

Oregon Craft Beer

2017 Oregon Brewers Festival Generates $23.9 Million for Local Economy

A recently completed study estimates the economic impact of the 2017 Oregon Brewers Festival (OBF) at $23.9 million.

Jeff Dense, professor of political science and craft beer studies at Eastern Oregon University, and a team of students administered 908 on-site interviews between July 26 and July 29, 2017.

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US Chamber Applauds House Passage of Budget Resolution

October 27, 2017 --

U.S. Chamber President and CEO Applauds Congress for Taking Important Step Forward on Tax Reform

U.S. Chamber of Commerce

‘The American people expect and deserve better, so let’s get on with it and get it done,’ says Donohue

U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement after final passage of the Budget Resolution for FY18, unlocking the process to achieve pro-growth tax reform:

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Oregon #1 on Amazon tax break offers

October 26, 2017 --


By Oregon Small Business Association Foundation,
Photo of Amazon Seattle office

The “Amazon Effect” has been used to explain the troubles of brick-and-mortar retailers, supply chain disruptions, and even the death “Main Street USA.” Now, as the company is searching for a site for its second headquarters, critics are focusing on the tax incentives the company is taking advantage of. For example, one newspaper headline reports that Oregon gives Amazon more “tax breaks” than any other state.

The Oregon “tax breaks” are due almost entirely to one proposed investment in one location. Amazon plans to build a five-building data center near Hermiston that, at full build-out, would employ about 100 people and represent an investment of some $2.75 billion. Because of the size of the investment, Amazon qualifies for the state’s Strategic Investment Program, which would exempt most of the facility from property taxes for 15 years—an exemption valued at about $176 million.

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Marijuana tax revenue is here

October 25, 2017 --

First marijuana tax revenue distributions coming soon

The first distributions of state marijuana tax revenues—totaling nearly $85 million—are on their way to the State School Fund; the Mental Health, Alcoholism, and Drug Services Account; the Oregon State Police (OSP); the Oregon Health Authority (OHA); and Oregon’s cities and counties.

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What’s Cool About Oregon? Bourbon and whiskey

October 24, 2017 --

Eastside Distilling Launches New Bourbons and Whiskeys to Bottle What’s Cool About Oregon

Eastside Distilling

Eastside Distilling, Inc., a producer of award-winning craft spirits, today announced first deliveries of West End Blend, an American whiskey that is finished in Oregon Oak. West End is crafted from whiskeys that age for up to five years in traditional American white oak before being transferred to barrels of Oregon Oak. Oregon Oak finishing, prized for the complexity it adds to bourbon and whiskey, is gaining popularity inside and outside Oregon. The vibrant new look of the West End bottle is the product of a nine month “all Portland” creative collaboration with local spirits branding powerhouse, Sandstrom Partners (“Sandstrom”), and is meant to reflect West End’s uniqueness and its roots in Portland, Oregon.

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Tax reform needs to be top priority

October 20, 2017 --

Retailers Call Senate Budget Resolution ‘Important First Step’ Toward Tax Reform

By J Craig Shearman

National Retail Federation

The National Retail Federation urged the Senate to move forward on tax reform by approving the fiscal year 2018 budget resolution scheduled for a vote today.

“Tax reform is the top priority for our nation’s economy, and approving the budget resolution is an important first step toward unleashing economic growth,” NRF Senior Vice President for Government Relations David French said.

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Renewable energy in Oregon by the numbers

October 19, 2017 --

 

Jobs in Renewable Energy

Oregon Workforce and Economic Information

In the U.S., renewables provided 15 percent of the energy generated in 2016 according to the U.S. Energy Information Administration. Hydropower accounted for 6.5 percent of the U.S. electricity generation; wind power provided 5.6 percent; biomass provided 1.5 percent; and solar and geothermal accounted for 0.9 percent and 0.4 percent, respectively.

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Oregon’s male dominated high-tech industry

October 18, 2017 --

Higher Share of Males in Oregon’s High-Tech Industry

By Anna Johnson

Oregon Workforce and Economic Information 

The Census Bureau’s Quarterly Workforce Indicators show that at the beginning of the second quarter of 2016, Oregon’s high-tech industry was 69 percent male and 31 percent female. Looking back in time, there has been a slow but steady upward trend in the percentage of males, increasing from roughly 61 percent male in the early 1990s.

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Updating your notice of ACA privacy practices

October 17, 2017 --

ACA’s Nondiscrimination Taglines and Notices Require Updating Your Notice of Privacy Practices

Davis, Wright, Tremaine

By Adam H. Greene, Rebecca L. Williams, and Sean R. Baird

There has been confusion as to whether the Affordable Care Act’s nondiscrimination provision (“ACA”) affects a covered entity’s notice of privacy practices (“NPP”) or data breach notifications. OCR has issued guidance indicating that ACA does indeed impact NPPs. Moreover, breach notifications also likely are affected. Accordingly, if they have not already done so, covered entities should consider updating their NPPs to include the required nondiscrimination language and “taglines” in different languages. Covered entities also should address their breach notification policies, procedures, templates, processes, and checklists so that any required ACA language and taglines are included in any breach notifications going to individuals.

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