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Oregon Business News
Nearly 68,000 Oregon Workers Hold Jobs Highly Exposed to AI Disruption, Study Finds
A frighteningly long list of occupations highly exposed to potential AI disruption has been revealed, covering nearly 68,000 people in the Oregon workforce.
Although only 3.44% of the Oregon workforce falls under high exposure…
More Than 1 Million Oregonians Could Face 6.3% Electricity Rate Hike After Court-Ordered Salmon…
More than 1 million Oregonians served by consumer owned utilities could face higher power bills if the Bonneville Power Administration moves ahead with a proposed rate increase of up to 6.3%, following a federal court order requiring…
Oregon Mortgage Rates Rise Above 7.2% as U.S. Borrowing Costs Keep Climbing
Homebuyers are facing higher borrowing costs as mortgage rates continue to rise, with the national average for a 30-year fixed-rate loan approaching 7%.
National Mortgage Rates Approach 7%
The weekly average rate on a 30-year…
Oregon and Washington Face Major Grid Buildout as Northwest Electricity Demand Could Double
The Pacific Northwest could need as much as twice its current electricity supply over the next two decades as data centers, electric vehicles, buildings and industry drive demand higher, according to a draft regional power plan.
…
Lonza Breaks Ground on $235 Million Bend Expansion With More Than 700 Jobs Expected
BEND, Ore. — An expanded biotech manufacturing facility in Bend will create more than 80 high-wage permanent jobs and 650 construction jobs.
In a Sept. 14 press release, Governor Tina Kotek announced the start of the project, which she…
New Geothermal Deal Could Deliver Enough Power for More Than 2 Million Homes Across Oregon and…
A renewable-energy developer is moving to tap Oregon’s geothermal potential under a new deal covering nearly 150,000 acres of Weyerhaeuser timberland in Oregon and Washington, with the companies saying the sites could eventually support…
Diesel Prices Hit Records in Parts of Oregon as Oil Surges Above $100
Diesel prices are reaching record levels in parts of Oregon as fuel costs rise sharply across the country, with the state's average now approaching its all-time high.
Oregon Diesel Prices Hit New Highs
According to AAA, Oregon's…
Strong U.S. Jobs Report Masks Tech Weakness as Oregon High-Tech Jobs Stay Below Peak
A strong U.S. jobs report released this week appears to show the labor market performing far better than expected. But a closer look at where those jobs were added reveals a more complicated picture- one that raises questions about the…
Oregon Diesel Prices Climb Above $6.25 as National Average Hits Record High
Diesel prices have reached a new national record, with the average U.S. price climbing to $5.9015 per gallon on September 7, according to AAA. But Oregon is experiencing an even sharper increase, with the state's average diesel price…
PGE Customers Get Small Rate Cut as Oregon Cost of Living Rises Above U.S. Average
Oregon households served by Portland General Electric are seeing a modest reduction in electricity rates, while new federal data shows that the state's overall price levels have moved above the national average.
The changes come as…