Oregon is an Enterprising State

June 21st, 2011 | Author: Editor

Oregon Rankings

Oregon Rankings

A report from the U.S. Chamber of Commerce and the National Chamber Foundation entitled Enterprising States: Recovery and Renewal for the 21st century includes insights in to the economic initiatives that the state of Oregon is undertaking to compete in a global economy.

“Struck by downturns in its manufacturing and construction industries, Oregon was hit particularly hard by the recent recession. Unemployment rates in 2010 were more than twice as high as before the downturn, and among the highest in the nation. While economic measures have shown signs of recovery over the past year and unemployment rates are off their peak levels, the state still faces the specter of a period of “below trend” growth as it struggles to regain economic footing. However, even through a period of economic stress, the state has continued to be a magnet for growth, outpacing the national growth rate in the 2010 Census figures. Moving forward, the state hopes to capitalize on its proximity to and experience in accessing Asian markets to help spur future growth.”

Additionally, there are rankings of all the states and information about business clusters. You can read the complete report here.