Economy
172 articles · Page 17 of 18
SVN Economic Forum 2024: Navigating the Future of Salem's Economy with Record Attendance
The SVN Economic Forum, held on February 23 at the Salem Convention Center, attracted over 330 industry professionals. Attendees engaged with notable speakers on key market topics and discussed urban planning challenges with city officials. The event, originating in 2008, emphasized quality networking and analysis amidst economic uncertainties, fostering community dialogue.
Residential Real Estate Market: 2nd Quarter Report, 2021
In 2021, the real estate market experienced significant changes, characterized by rising home prices, low-interest rates, and minimal inventory. The Salem Metro Area saw a median home price of $403,700 and increased new construction. Despite a slight decrease in growth expectations, Oregon's market remains robust compared to national trends.
Capital for a Capitol Host City Gains Momentum
Salem faces a $14 million budget shortfall, prompting the city council to explore funding solutions following a failed income tax. The Revenue Task Force is working on alternatives, while Rep. Andersen proposes HB 4072 to discuss state compensation for services. Mayor Hoy highlights challenges due to non-taxpaying employers in the city.
Commercial Real Estate: Local Monthly Report
Salem's commercial real estate market is poised for significant growth through projects like the Our Salem Project, which focuses on rezoning and community development. This initiative aims to enhance mixed-use areas along transport corridors and increase housing opportunities. Although challenges persist post-pandemic, low interest rates present a favorable investment climate.
Safer Internet Day: Protect your business from the cybercrime pandemic
As Safer Internet Day approaches on February 8, Dr. Andre Alfred emphasizes the urgent need for businesses of all sizes to adopt robust cybersecurity measures. With increasing cyber threats post-pandemic, companies must educate employees, regularly update IT security, and assess vendor protocols to protect sensitive data effectively. Prioritizing cybersecurity is essential.
A Pandemic of Real Estate Prices?
In 2022, the average median sales price in the Willamette Valley rose by 2.6% to $400,000, while new listings increased by 7.4%. Homes sold faster, averaging 48 days on the market. Sellers should enhance property appeal with simple improvements, and buyers are advised to secure pre-approval for competitive purchases.
Local Entrepreneur Launches New Business to Revolutionize the Real Estate Market
Taylor Alexandra, a designer with expertise in staging, enhances homes to attract buyers and maximize sale prices. Educated in interior design, she employs strategies to help buyers envision their future lives in the properties. Staging is crucial in both markets, reducing the likelihood of contract failures and ensuring homes stand out online.
The Boom of Entrepreneurship
The post discusses the rise of new business owners following the pandemic, highlighting that many Americans quit their jobs to pursue entrepreneurship. A study reveals 4 million resignations in April 2021, driven by desires for independence, passion, better wages, and mental health. The trend shows higher rates among men and high-income earners.
Giving Back: United Way of Mid-Willamette Valley Receives Donation for Low-Income Housing
The United Way of the Mid-Willamette Valley is dedicated to addressing community needs and enhancing residents' lives through innovative solutions. Recently, WaFd Bank donated $50,000 for 15 cottages aimed at supporting seniors facing homelessness, addressing housing stability. The project exemplifies thoughtful design and integration into the community, requiring an additional $2 million to complete.
SEDCOR awards ceremony celebrates the industries that sustain us
The Strategic Economic Development Corporation (SEDCOR) hosted their annual Awards and Membership Meeting at the Salem Convention Center last week, celebrating the achievements of the organization and its members over...