According to the most recent reports from the U.S. Bureau of Economic Analysis, Oregon’s economy grew at a rate of 4.7% in 2011. Tough to conceptualize what that means? How’s this map for some context:
Wowza. Oregon was in the highest quintile for economic growth. Further, data shows that Oregon’s economy actually grew at the second-fastest rate of any state in the nation. (See the Oregon Center for Public Policy’s analysis for more.)
I guess it goes to show that while there are some who would try to tell you that Oregon’s business and economic environment is in bad shape, those who are looking at real, hard data report a different story: one where Oregon’s economic future shines pretty bright.
Keep that in mind next time you hear corporate lobbyists pushing for more tax breaks for the big corporations they represent. These figures show that lobbyists’ motives are less inspired by "improving Oregon’s economy" and more about helping their rich clients get richer.
In fact, though Oregon’s economy is growing overall, there are working-class familes who aren’t feeling it; particularly in light of budget cuts to schools, police forces, and human services, these individuals and families need exactly the opposite of what these lobbyists argue for.
Businesses thrive when Oregon has a strong economy that works for everybody. Tax breaks for corporations and the rich would create even deeper cuts to our schools and other services, which would only serve to slow down Oregon’s recovery.