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Top Business stories of the week – Feb 23rd

Jolt in coffeehouse employment

February 22, 2018 --

Oregon’s Coffee Shops Continue to Perk Up

Oregon Workforce and Economic Information

According to the National Coffee Association of the U.S.A., which has tracked coffee consumption through annual surveys since 1950, 83 percent of Americans 18 years and older say they drink coffee and 62 percent drink it daily. With such a large majority of Americans drinking coffee, it’s no surprise to find several coffee establishments in cities throughout the state, and sometimes multiple shops on the same block.

Read the full article and discuss it »

How will changes to tax cuts & jobs act impact employee benefits

February 21, 2018 --

Bullard Law
By Jason W. Douthit

By now, you have probably heard about the recent changes to tax rates for individuals and businesses, the personal exemption, and the cap on deductions for state, local and property taxes. The Tax Cuts and Jobs Act of 2017 (the Act) changed several other Internal Revenue Code (the Code) provisions that will impact executive compensation, health and welfare plans, employer sponsored retirement plans, and fringe benefits. Most of these changes are effective for tax years beginning on or after January 1, 2018. We have noted instances where the effective date is different.

Read the full article and discuss it »

SB 1528 knocks small business with two taxes

February 20, 2018 --

By Oregon NFIB,
[Note: SB 1528 has hearing today]

In response to the new federal tax laws, the Oregon Senate has proposed a state-level tax overhaul.

According to the Oregonian, the proposed tax changes–contained in two bills–would ensure Oregon taxes multinational corporations’ offshore cash, help higher net worth taxpayers get around a new federal cap on the deduction for state taxes, and prevent pass-through entities from getting a state income tax break as a result of the change in federal law.

Read the full article and discuss it »

Looking Forward

February 19, 2018 --

Oregon Economic and Revenue Forecast, March 2018

Oregon Office of Economic Analysis

by Josh Lehner

This morning the Oregon Office of Economic Analysis released the latest quarterly economic and revenue forecast. For the full document, slides and forecast data please see our main website. Below is the forecast’s Executive Summary.

Read the full article and discuss it »

Strong growth for corporations based in Oregon

February 15, 2018 --

Oregon’s Company Headquarters: Strong Growth

Oregon Workforce and Economic Information

While Oregon is home to just two Fortune 500 companies, that doesn’t mean headquarters don’t have an impact on our economy. Oregon’s 1,300 establishments in the ‘management of companies’ sector employ nearly 47,000 people and pay a whopping average wage of $114,500.

Read the full article and discuss it »

Seattle soda tax: $7.36 Pepsi and other horrors

February 14, 2018 --

Is Seattle beverage tax a cautionary tale for Oregon?
Business owners receive little to no guidance from City; shoppers shocked by expense
By Oregon Small Business Association

Seattle rolled out a beverage tax on Jan. 1 and so far, few positive stories on the implementation have surfaced.  But there has been a lot of criticism: Business owners say they received no guidance from the City of Seattle on how to implement the tax and shoppers were surprised at the unexpectedly high expense. Some store owners on Seattle’s border say they’re already losing customers.

Read the full article and discuss it »

Con. Schrader on FISA vote

February 13, 2018 --

Oregon Congressman Kurt Schrader (OR-5) on FISA Bill (S. 139)

Congressman Schrader voted against S. 139, FISA Amendments Reauthorization Act of 2017, which allows the federal government to continue to collect and store vast amounts of communications without including proper civil rights reforms to protect American citizens.

Read the full article and discuss it »

Marijuana price: not so high


Marijuana: Falling Prices and Retailer Saturation?

Oregon Office of Economic Analysis

by Josh Lehner

Recreational marijuana prices are falling and, in much of the state, retail options are plentiful. It appears to be a cannabis consumer’s dream, or at least what voters hoped for back in 2014 when Measure 91 was passed.

Read the full article and discuss it »

Oregon net neutrality pushed by lawsuit, petition, bill

February 12, 2018 --

By Oregon Small Business Association

Net neutrality is intended to insert government into internet broadband decisions by forbidding broadband providers from placing costs or controls on heavy-users of their own lines.    Net neutrality has been a free ride for internet intensive services like Netflix and Amazon at the expense of telecommunication companies.    The unfairness of the rule led the Trump administration pushed to get rid of the Federal Communication Commission’s rules requiring net neutrality and the FCC repealed net neutrality rules in December.

Since then, chaos has not broken loose on the internet. But attorneys general have filed suit to keep net neutrality.

Read the full article and discuss it »
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