New Bend Business Registrations Dipped 21% from May
Following a strong May, Central Oregon business registrations slowed in June, with Bend’s figure dropping by 21%. That’s according to today’s edition of the monthly Bend Entrepreneur Report from Bend business attorneys EagerLaw PC.
May saw 314 new business registrations in Bend. The June tally was 249 – a 21% decrease.
Statewide Registrations Slowed in June; Regional Numbers Mixed
Statewide, new business registrations dipped by 10%. For only the second time since the Entrepreneur Report began in January, Bend lost its second-place ranking statewide for total business registrations to Eugene, which has a far larger population. Throughout Central Oregon, Redmond nearly met its May total of 50, logging 49 in June. Prineville dipped from 24 in May to 18 in June. La Pine remained relatively consistent, with 15 in May and 14 in June.
Bend Volatility Not Unusual
This is not the first time this year we’ve seen Bend’s numbers drop significantly – in April there was a 20% drop from the previous month.
There are many reasons why Bend’s numbers may have dropped in June, including family vacations with the end of the school year, a shorter month, and generally nice weather that may have had entrepreneurs delaying business moves to enjoy the sun.
We’ll keep track of the July figures and update you next month.