The recession hasn’t stopped new businesses from popping up in the Portland suburb.
A steady flow of new businesses have been launched in Lake Oswego despite the economic landscape.
And it seems that the recession has made it easier for some budding entrepreneurs to get started, with inexpensive equipment and affordable labor among the new available options.
It might seem counterintuitive, but recent conditions have swayed a number of new owners to use home equity or cash from corporate severance packages to realize the long-delayed dream of business ownership.
In Lake Oswego, an October retail market analysis commissioned by the city found a 4.8 percent vacancy rate in downtown — a relatively healthy number in a wounded economy.
Read the full story at OregonLive.com.
{biztweet}Lake Oswego new business{/biztweet}
