Connect with us

Eugene

Area Businesses Hope To Rebound In The Waning Months Of Calamitous 2020

Published

on

With the pandemic and natural disasters taking an economic toll, it’d be an understatement to say 2020 wasn’t a boom time for most business owners.  As the holiday retail season gets underway, hopes still run high in Lane County for the rest of the year.

At the recent annual economic summit presented by the Eugene Chamber of Commerce and Oregon Community Credit Union, managers spoke of layoffs, depressed profits, and postponing expansions.

Destroyed store sign and gas station, Blue River, Oregon.
CREDIT BRIAN BULL / KLCC

Lane County Workforce Analyst Henry Fields explained how many events in 2020 hurt businesses, including Oregon’s summer wildfires.

“When you look at the height of the fires, there were nearly a quarter million workers in Evacuation Zones 1-3. That’s 21,000 businesses,” Fields told the audience via Zoom.

“That’s a tremendous impact and it doesn’t include things like disruption of work through smoke.”

Fields added that while 2020’s economic blowout is comparable to the 2008 Recession, jobs recovery has happened far quicker.  The continued fortunes for area businesses will rely heavily on people buying and supporting local.

You may also like…

Oregon2 days ago

“This is another Trumpian attack on children,” Oregon Sen. Merkley accuses Trump administration of taking away attorneys for unaccompanied children to make deportations easier

Oregon – Sen. Jeff Merkley criticized the Trump administration over efforts to end legal representation for unaccompanied immigrant children, arguing...

Eugene2 days ago

Eugene-Springfield Fire responds to structure fire that damaged home, shed and power pole

Eugene, OR – Eugene-Springfield Fire responded to a late-night structure fire on Marlow Lane that damaged a detached shed, a...

Eugene2 days ago

Eugene-Springfield Fire responds to apartment fire that seriously injured one resident near downtown Eugene

Eugene, OR – Eugene-Springfield Fire responded to a fourth-floor apartment fire near downtown Eugene on Saturday evening, Aug. 1, after...

Eugene2 days ago

Eugene Police motorcycle officers train with agencies across Oregon for motorcade operations

Eugene, OR – Eugene Police Department motorcycle officers joined riders from law enforcement agencies across Oregon for motorcade training focused...

Eugene2 days ago

Eugene Police Department thanks local community after National Night Out event

Eugene, OR – The Eugene Police Department joined community members for National Night Out, an evening focused on building relationships...

Oregon1 week ago

Oregon Sen. Merkley responds after President Trump approves Saudi nuclear deal, says “this reckless move could fuel a nuclear arms race that puts all of us at risk”

Oregon – Trump is gifting Saudi Arabia the capability to pursue a nuclear weapon,” Oregon Sen. Jeff Merkley said as...

Oregon1 week ago

Oregon Sen. Wyden says President Trump has “abused his power” unlike any other president, claims his bill will put Congress back in control of international trade

Eugene, OR – “Trump has abused his power on tariffs and trade unlike any other president,” Oregon Sen. Ron Wyden said as...

Oregon1 week ago

“President Trump is doing what he does best,” Oregon Gov. Kotek responds after President Trump imposed tariffs she says hurt Oregon families and businesses

Oregon – “President Trump is doing what he does best: driving up costs for families and hurting Oregon businesses that...

Oregon1 week ago

Oregon State Police and FBI investigate after individuals identifying themselves as “ICE” allegedly forced victim from vehicle before detaining and assaulting them

Eugene, OR – The Oregon State Police and the Federal Bureau of Investigation are investigating a report of individuals impersonating...

Eugene1 week ago

University Park reopens in Eugene with improved facilities, playground and accessibility upgrades

Eugene, OR – The City of Eugene announced that the renovation of University Park has been completed, with the 2.81-acre...

Eugene1 week ago

Eugene Springfield Fire crews return from wildfire deployment in Oregon

Eugene, OR – Several members of Eugene Springfield Fire have returned home after assisting with wildfire response efforts in Oregon....

Trending