Joel Madsen and Tony Rocco will co-manage an office in charge of helping Oregon meet Gov. Kotek’s goal of building 36,000 homes per year.
ECONOMY
One year in, Avelo has received $446k from grant to subsidize Salem operations
Travel Salem officials said they expect Avelo Airlines’ Salem operations to remain commercially viable when a grant to pay minimum revenue guarantees expires in a year. The money comes from a federal grant and private contributions, not city funds.
Salem homeowners see moderate tax increases, rise in property values slowing
Homeowners in Salem on average will pay about $120 more in property taxes this year. Home values previously skyrocketed until around 2022, but that rise has since slowed down.
Banking on Oregon forests: Despite challenges, carbon markets see big potential in small landowners
Carbon crediting companies are beginning to appeal to small forest owners with an offer they’ve long been left out of due to the high costs and risks.
Banking on Oregon forests: In fight against climate change, financial markets see green in Oregon
Two dozen forests in Oregon encompassing more than 1 million acres have been entered into carbon credit markets in the last decade, generating big money and global interest.
COLUMN: Unemployment low in Salem, but wage growth mixed
Despite wage increases, the leisure and hospitality industry hasn’t added many jobs in recent years compared to other sectors of Salem’s economy.
Cannery redevelopment project gets green light from city
The developer buying the former Truitt Brothers cannery site on Front Street plans to preserve the 1914 building and two piers over the Willamette River while redeveloping the site as a 382-apartment neighborhood with a food hall, market and more.
From humble beginnings, LifeSource’s founder built a small natural foods empire in Salem
Thirty years after its founding, LifeSource Natural Foods has remained an independently owned grocery store in south Salem, despite consolidation in the industry and more competition from mainstream grocers.
Five key takeaways about the state of downtown Salem
Vacancy rates are low and developers are investing millions in downtown, but inflation, safety and parking remain challenges for business owners and customers alike.
The problems and promise of downtown Salem
Many downtown businesses report fewer people coming into their stores as a Covid push to support small businesses fades and inflation hits people hard. But downtown remains flush with new developments and businesses eager to invest and expand.