July 31, 2013 - Portland vs. Detroit

By Josh Lehner Oregon Office of Economic Analysis Blog. Two important events occurred in recent weeks. There was the great new research on economic mobility that examined different cities and regions across the country (official website here, good NYT summary here) and there was also the Detroit bankruptcy. Given the close proximity in timing of these, a lot of the econ blogosphere discussions tied the two together, at least roughly. See Krugman on Detroit and on economic mobility. See Wonkblog on Detroit here and here. See Yglesias on mobility. To list but a few. Part of the national narrative that everybody knows is that Detroit has been in decline for quite some time. Lost jobs, lost population, automakers struggling in recent decades, etc. What wasn’t as well known was that […]

July 30, 2013 - State Treasurer honors town founded by his great-grandfather

Treasurer Wheeler helps to mark centennial of Wheeler, the coastal town founded by his great-grandfather By Oregon State Treasurer A century ago, lumberman Coleman H. Wheeler founded a town alongside the Nehalem Bay on the northern Oregon Coast. The city of Wheeler was then home to the Wheeler Lumber Company sawmill and also fish-packing plants, and a newly competed railroad helped connect wood and seafood to markets inland. Today, the mill and food processors are gone. Now the idyllic village, population 415, invites visitors to browse colorful storefronts perched along U.S. Highway 101 and the bayfront. The community bills itself as “the little town with the million-dollar view.”

July 29, 2013 - Does Oregon Need a Mileage Tax?

By Fred Thompson: Oregon Economics Blog Oregon’s State Highway Trust Fund is broke. Options addressed by the Oregon Transportation Commission, the Governor’s Office, and the Legislature aimed at fixing this state of affairs include raising DMV fees to recover the full cost of the products/services it delivers to Oregonians. By state law most of the division’s services are supposed to recover their costs; the remainder are supposed to make substantial contributions to the Highway Trust Fund. But, because the legislature has repeatedly failed to authorize DMV to increase its user fees, the DMV is instead costing the Highway Trust Fund over $100 million per annum. ODOT has also been looking at alternatives to replace the gas tax, now the main support for the Highway Trust fund, among these are a fee […]

July 27, 2013 - Blazers line up three big sponsors

LONGTIME “HERITAGE PARTNERS” TIP-OFF RENEWALS OF TRAIL BLAZERS SPONSORSHIP AGREEMENTS FOR 2013-14 SEASON Airefco, Spirit Mountain Casino, Standard TV & Appliance Sign Multi-Year Deals By Portland Trail Blazers Communications Dept., Longevity and loyalty have special meaning for Portland Trail Blazers fans and that same spirit carries over with corporate sponsors. Three long-standing “Heritage Partners” with the Trail Blazers – Airefco, Inc., Spirit Mountain Casino and Standard TV & Appliance – have signed new sponsorship marketing agreements to continue their relationships with the team beginning with the 2013-14 season. Financial terms of deals were not disclosed, but each agreement is for two years. “Heritage Partners” are Trail Blazers sponsors holding tenure with the team greater than five years. With these latest renewals, Airefco will enter its 22nd season in partnership of […]

July 26, 2013 - Medical Device Tax tops $1 billion from health companies

U.S. Chamber of Commerce Obamacare’s medical device tax, in effect for over seven months, has raked in $1 billion according to the Medical Imaging & Technology Alliance (MITA), the Advanced Medical Technology Association (AdvaMed) and the Medical Device Manufacturers Association (MDMA): “The $1 billion threshold is frightening as every dollar spent paying for this medical device tax threatens medical innovation and American jobs,” said Gail Rodriguez, executive director of the Medical Imaging and Technology Alliance. $1 billion is a lot of pacemakers and defibrillators and stethoscopes and thermometers and tongue depressors and …

July 25, 2013 - Ore. snack business soars, adding 250

McMinville is home to a rising small business star in Betty Lou. Her processing plant helps to produce over 60 different labels. Watch the KGW-TV News profile of this great Oregon success story.

July 24, 2013 - Oregon recovery spreading across state

By Josh Lehner Oregon Office of Economic Analysis Blog. Just as last quarter (also HERE) we saw that job growth had returned to more regions of the state, the latest QCEW for 2013q1 finds that this is continuing and even strengthening. While the Portland MSA returned first to job growth, even as the other regions continued to shed jobs at the start of the technical recovery, the other regions are starting to gain ground in terms of job growth. Thankfully Portland is losing its dominant share of overall growth due to strength in other regions, not becauxse Portland has slowed down. As seen below, Portland continues to add about 20,000 private sector jobs on a year-over-year basis, or at about a 2.6% rate. The state has gone from adding 20,000 […]

July 23, 2013 - Chart: Oregon PERS vs. Washington

By Oregon Prosperity Project Source:Pew 2012and BEA;*All three states deliver pensions to state and local public employees primarily through state ‐ sponsored plans (that is,98% of membership in OR and 95% in WA and CO).In each state, a number of separate,local government plans exist and are not reported here.

July 20, 2013 - Google, Microsoft lead Tech drop

Google, Microsoft lead Tech drop – Google saw a 6% drop in click-ads, while over at Microsoft it saw a $490 million loss. But there is some good news to report. – Below is a video from Wall Street Journal reflecting some notable news on these two tech giants and their bad week. .