The recession is finally over in Oregon

ben-blogIntel is building a $2.5 billion factory in Hillsboro. Facebook is pouring millions into Prineville and Google is investing $100 million in Eastern Oregon wind power. Crop and beef prices are up – as are crab and salmon prices. Bank of the Cascades, MBank and others have avoided the wrath of the FDIC. Trucking is up 26 percent year over year, online job ads are up 23 percent, and business and personal bankruptcies are down 3.4 and 8 percent respectively. To me, this adds up to a preponderance of evidence.

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On the Scene: Intel exec calls for ed investment

Intel VP Renee James used the podium at today’s Portland Business Alliance annual meeting to advocate for investment in education in order to compete globally for the need for skilled workers. Oregon is 49th among states for college enrollment.

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Metro region is recovering

The Portland metro region’s 9.1 percent seasonally adjusted unemployment rate in March– about half of a full point below February’s — is one of the latest signals that an economic recovery is under way, an Oregon economist says.

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LO streetcar vote tonight

The Lake Oswego City Council is scheduled to vote tonight on whether it should get on board or try to derail plans to extend a Portland streetcar line to the city.

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Mortgage payment help begins

Oregon’s Housing and Community Services has begun making mortgage payments on behalf of distressed homeowners through the Oregon Homeownership Stabilization Initiative’s Mortgage Payment Assistance program.

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