Salem Business Journal archive
680 articles · Page 47 of 68
Salem Coffee Roasters Lifts Up Other Coffee Growers Around the World
Salem Coffee Roasters, founded by Lan Marberry, aims to support lesser-known family coffee growers globally. Driven by her experiences on her family's Vietnamese farm, Marberry seeks to elevate underrepresented coffee producers from several countries. The business will offer a roasting facility and retail space, fostering community engagement and appreciation.
Local Business is Blowing Up!
Betsy Vega turned her passion for balloon decoration into a thriving business, Rose City Balloons, starting in 2007. After moving to Oregon and gaining recognition, she registered her business in 2015. The pandemic boosted demand, leading to collaborations with companies like Amazon. Rose City Balloons emphasizes sustainability and offers bilingual services, with aspirations for global franchises.
Do you have the Sunday Scaries?
Sunday Scaries, also known as anticipatory anxiety, effect many individuals leading into the workweek, with 76% of Americans reporting significant pre-Monday apprehension. Symptoms range from physical discomfort to mental distress. Coping strategies include preparation for Monday, relaxation techniques, and creating positive Sunday routines. Recognizing triggers and seeking professional help can be beneficial.
Commercial Real Estate: Retail in Salem by Zip Code
Salem's retail sector shows signs of recovery post-COVID, with notable developments in different zip codes. 97301 lacks new construction, showing slight rent declines. 97302 experiences low vacancy rates and positive absorption. 97304 has the highest rents and stable vacancy, while 97305 and 97306 maintain strong rent values and low vacancies, indicating economic strength.
Change of use is the new topic in the commercial field
Commercial real estate is undergoing significant transformations due to changing consumer habits and needs. Vacant car dealerships, banks, and hotels are prime candidates for conversion to mixed-use developments, including housing and retail spaces. As remote work becomes prevalent, smaller office setups are replacing traditional corporate headquarters, addressing both space needs and workforce affordability.
Mortgage Market Offers a Lending Hand
Tasha Brandon has co-founded Mortgage Marketplace in South Salem with Mike Gillett after identifying a need for better lending solutions in the community. They aim to provide competitive rates and tailor options for various clients, including homeowners and investors, amidst the potential for an upcoming recession that may increase refinancing demand.
Salem Is the 9th Most Dependent Midsize U.S. Metro on Small Businesses
A new Smartest Dollar report highlights that while small businesses constitute 99.9% of U.S. firms and generate nearly half of the GDP, their economic role has declined since the 1980s. Challenges such as the COVID-19 pandemic, labor shortages, and rising costs threaten their sustainability, with varying dependency across U.S. locations.
Salem Community Improvement Bond and 2022-23 Salem City Budget
In June, the Salem City Council prioritized the $300 million Community Improvement Bond and the 2022-23 budget. Key proposals included funding for infrastructure, youth bus passes, and affordable housing initiatives. Councilors supported various amendments to enhance public safety and bikeway connectivity, ultimately allocating significant resources for community improvements.
Top 5 Tips for Realtors on Mortgage LendingÂ
Home mortgage loans are crucial in real estate transactions, emphasizing the need for strong relationships among buyers, lenders, and realtors. Key factors affecting successful closings include understanding pre-qualification versus pre-approval, managing timelines, ensuring prompt communication of changes, and recognizing the roles of appraisers and AMCs. Effective collaboration aids buyers in navigating this process.
Oregon's latest attempt at a single-payer health care system
In 2019, Oregon established a Task Force on Universal Health Care under Senate Bill 770, advocating for a publicly funded single-payer system. While promising no out-of-pocket costs and potential savings, the plan proposes new taxes totaling $21.35 billion annually, burdening employers and middle-class individuals, raising concerns over economic impacts and equity.