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Salem’s Single Property Tax Increment Financing District: A Boon for Affordable Housing Development

Written by Wyatt Jones on Oct. 15th, 2023

Exploring the impact of the tax incentive on Salem's local economy and the benefits for developers and residents

As the need for affordable housing continues to grow in Salem, Oregon, the city has introduced a tax incentive aimed at encouraging the development of new construction affordable housing projects. The Single Property Tax Increment Financing (TIF) District offers a financial incentive in the form of a property tax rebate for developers who undertake projects …

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A Journey Through Salem’s Financial Landscape: Lessons from My Playbook

Written by Rick Day on Sep. 22nd, 2023

Navigating the tumultuous waves of Salem's business scene has given me a unique perspective on the art and science of small business finance. Let me share a few kernels of wisdom from my playbook, distilled from decades of entrepreneurship and mentoring.

The Line of Credit (LOC): A Double-Edged Sword

An LOC can be a business's staunchest ally or its mo…

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Salem’s New Payroll Tax Hits Our Most Vulnerable Employees

Written by Dr. Vincent Koletar on Sep. 20th, 2023

While we all want to live in a safer Salem, the City Council’s plan of a city-wide payroll tax is not the way to get there. The theory is that increasing the budgets of various public services will translate to more effective firefighting, better police enforcement of laws and codes, improved ambulance response times, and a better approach to our expand

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Oregon’s Community Hospitals Struggle with Financial Woes Amid Rising Labor Costs and Government Mandates

Written by Ángela Andrada on Sep. 20th, 2023

Oregon’s community hospitals are grappling with ongoing financial challenges, despite marginal improvements in certain aspects. According to data provided by Apprise Health Insights, an entity affiliated with the Oregon Association of Hospitals and Health Systems, the state’s 62 community hospitals suffered a collective loss of $414 million during the

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Oregon Businesses Grapple with Rising Costs: A Deeper Look

Written by Zev Glass on Sep. 20th, 2023

Oregon's flourishing landscapes and bustling cities have always been a testament to its growth and potential. Yet, recent findings have given businesses and families cause for concern. As of this spring, the Missouri Economic Research and Information Center has ranked Oregon as the state with the 8th highest cost of living in the United States.

While stat…

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Legislature Working to Increase Construction Regulation Authority

Written by Mark Long on Jun. 14th, 2023

Construction bills in an Oregon legislative session are typically focused on prevailing wage,

apprenticeship, and public contracting. However, this year dollars in federal spending bills come

attached to their own set-in-stone standards.

Oregon legislative leaders are instead focusing their efforts on expanding state agency

enforcemen…

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From the Desk of Kevin Mannix

Written by Kevin Mannix on Jun. 8th, 2023

Part of my work as a State Representative involves getting decisions on proposed laws.

There is more than one way to get legislation to the House Floor to vote on it. There is the familiar way of waiting for a bill to pass through a committee and then arrive on the House Floor. However, there are many great bills that, due to committee workloads, will nev…

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Oregon’s Unemployment Rate was 4.8% in January

Written by Wyatt Jones on Apr. 26th, 2023

In January, Oregon's joblessness rate was 4.8%, maintaining the revised rates from October, November, and December 2022. The state last saw a higher unemployment rate in July 2021, at 5.1%. Concurrently, the national unemployment rate fell to 3.4% in January, hitting its lowest level in over 50 years. Recent yearly data revisions indicated that Oregon's u

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Oregon Workers Are Owed $1.8 billion in Unpaid Overtime, According to Study.

Written by Emma Jackson on Apr. 24th, 2023

The reason you may feel like you're earning less for longer hours compared to your parents is because it's likely the case. Average hourly wages, adjusted for inflation, have declined since the 1970s, while the average number of hours worked has increased. As a result, American workers are facing underpayment, overwork, and stress. One of the reasons for…

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One Overlooked Metric That Could Transform Your Company’s Value.

Written by Mike White, MBA on Apr. 20th, 2023

You know gross margin impacts your profit, but have you considered the impact it has on the value of your company? 

When assessing your company’s value, acquirers and investors will often scrutinize your gross profit margin. Gross profit margin is the difference between a company’s revenue and its cost of goods sold. In other words, it’s the pr…

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