Entrepreneurship in Oregon Plummets to Lowest Point in 40 years; Rate of Tech Startups Lags
By Oregon Small Business Association Foundation
Entrepreneurship in Oregon is currently at historic lows.
According to a recent data from state economists, the number of new Oregon businesses entering the marketplace on an annual basis is proportionally lower than at any point since the mid-1970s.
In the early 1990s, new firms comprised on average 12% of all Oregon businesses. According Joh Lehner, the report’s author, new businesses now comprises only 8% of all statewide business. That’s a 50% decline and marks the lowest level of entrepreneurship in 40 years—since the state began keeping such records. Read more »