Is Central Oregon the most entrepreneur-friendly region in the state? Our February installment of the Bend Entrepreneur Report certainly points in that direction: The only city in Oregon with more new February business registrations than Bend was Portland.
As we did last month, EagerLaw analyzed the Oregon Secretary of State’s data on new business registrations, and here’s what we found:
- 297 new business registrations were associated with Bend addresses, an 8.6% dip from January’s figure of 325 new business registrations in Bend
- Statewide, February’s new business registrations were down 7.3% from January, which we attribute partly to the shortened work month and partly to the traditional New Year’s push to start new businesses
- Overall, 133 businesses were registered per 100,000 Oregonians in February
- At 344 new business registrations per 100,000 people, Bend more than doubled that statewide measure
- In fact, the Central Oregon region as a whole outpaced the state, with Bend, Redmond, Prineville, Madras, Sisters, La Pine, Sunriver and Terrebonne combined registering 337 businesses per 100,000 people last month—more than two and a half times the state average
- Portland, by comparison, saw 225 new business registrations per 100,000 residents
It all indicates that entrepreneurs continue to view Bend and Central Oregon as smart places to start new businesses, possibly more so than anywhere else in the state. Our data showed that in February, more new businesses were registered in Bend than in Salem and Eugene combined.
In sorting through the data, we worked hard to narrow down Bend’s business registrations to actual Bend-based businesses. To that end, we tossed out any new business registrations that had principal places of business outside of Bend. We also didn’t count new assumed business names that were very clearly associated with established Bend businesses and did not indicate new business activities—so, for example, if beloved Bend widget factory ABC Widgets, Inc. registered an assumed business name of ABC Widgets, we wouldn’t have counted that, no matter how great we thought their widgets were. Finally, we limited our list of new Bend business registrations to Bend addresses, but there could still be some Deschutes River Woods, Sunriver, or Tumalo businesses that made it onto our list simply because those areas, while not officially in the City of Bend, can have Bend addresses.
What else did we learn about February business registrations? The list showed spring is on its way (really, it has to be, right?): There were at least 10 new cleaning business registrations last month, three related to yard care and another three associated with window cleaning, and at least five new business registrations in the exercise and nutrition industries.
Construction-related business registrations remained strong in Bend, with at least 14 new business registrations in that industry. Perhaps not surprisingly, there were at least four new cannabis-related Bend business registrations in February, compared to just two in the more mature beer industry.
Overall, we think February’s business registration data is encouraging. We’ll take a look again next month and let you know how March compares. In the meantime, if you’ve had enough of watching other entrepreneurs carve out their niches in the Bend business community and you’re ready to get started building your own business, let’s talk.
Fill out our simple contact form at LLC Bend, and we’ll get you scheduled for a free half-hour consultation with our seasoned Bend business attorneys. You’ll walk away with greater clarity . . . and maybe we’ll even be able to include your business in our March report!