Circumnetting Oregon’s Economy

By August 21, 2010Economy, Taxation

Reporting from western Oregon: It’s another beautiful day, a little cool. So how’s the economy doing? (Oregonian),  “Oregon unemployment is 7th highest in U.S. and still above 10 percent“: “Oregon’s stubborn 10.6 percent unemployment rate, boosted by heavy reliance on manufacturing, is the seventh highest in the nation.”

Eugene Register-Guard, “Logging hits historic low“: “Oregon loggers cut only about as much wood last year as they did in 1934, according to the state Department of Forestry. The harvest on state, federal and private lands was 2.7 billion board feet in 2009 — the lowest amount since the middle of the Great Depression, when loggers harvested 2.6 billion.”

Oregon Public Broadcasting News, “Glendale Sawmill Closing, Roseburg Mill Cutting Back“: “The logging group, Swanson, is closing a sawmill in Glendale, in Southern Oregon, and scaling back operations at its stud mill in Roseburg. Fifty-five workers will lose their jobs.”, “Oregon, Portland help wind turbine maker Vestas build $66 million HQ “: “Portland Mayor Sam Adams and Oregon Gov. Ted Kulongoski said the plan to boost Vestas Americas’ work force of 400 in the city by as many as 200 could not have come at a better time, considering the state’s high unemployment. …Even as it adds U.S. employees, the parent company plans to lay off 300 in Denmark and drop another 300 temporary workers there. In February, Vestas Americas cut 114 jobs, including 15 in Portland, testifying to the wind industry’s continued volatility.”

Boeing 747 will serve as a platform for water slides at Evergreen Aviation & Space Museum in McMinnville, Oregon.

Capital PressAg secretary touts rural development in Oregon visit“: “KEIZER, Ore. — U.S. Secretary of Agriculture Tom Vilsack called for Congress to pass a bill revising the foreign guestworker program “sooner rather than later,” and to make a “firm and complete commitment” to rural economic growth during a stop Aug. 20 in Keizer.”

The Packer, “Top Stories US fruit shippers brace for expanded Mexican tariffs“: “‘Our growers are feeling the pain of retaliatory tariffs,’ Powers said. ‘Adding apples would be unfortunate and economically damaging. The reduction in pricing goes directly back to the grower, and it comes out of the grower’s pocket.’ The U.S. exported more than $1 billion worth of fruits, vegetables and nuts to Mexico in 2009, up 45% from $748 billion in 2005…”

And in McMinnville, the Boeing 747 is atop the Evergreen Water Park due to open in 2011. See the Spruce Goose, stay for the water slides!

P.S. Oh, yes. Wall Street Journal, Susan Urahn, “States Can No Longer Dodge the Budget Axe“:

Earlier this year, [Oregon] voters approved a $727 million tax increase that was expected to balance the state’s budget. Although the pain was limited to corporations and higher earners, it was an extraordinary step: Not since the 1930s had Oregon voters approved an income tax increase.

But by May, a new shortfall of $577 million had materialized. Gov. Ted Kulongoski responded by ordering across-the-board budget cuts of 9%, which included a once unthinkable $240 million cut to K-12 education.

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