Bend Business Roundup 5-17-19

Bend Business Roundup 5-17-19

Here’s some stuff you might like.

Business: Oregon exports a lot of stuff, especially to China. The Trump administration has been increasing tariffs on stuff Americans buy from China, and China has retaliated. This will hurt Oregon industries, especially “hazelnuts and lasers.” Also, Hazelnuts and Lasers sounds like the name for a show aimed at breaking down the divide between boys’ and girls’ cartoon TV programming.

Law: Many contracts that small business owners deal with commonly, like commercial leases, contain arbitration clauses. Those clauses, which generally obligate the parties to resolve disputes in front of a lawyer acting like a judge rather than in front of a judge, are invariably at the end of a really long and boring contract, and often they don’t get a lot of attention. There are a couple of simple things to pay attention to. First, what organization will conduct the arbitration (American Arbitration Association is national, Arbitration Service of Portland from you know where, and can be a little less expensive); and, second, where the arbitration will take place. You want the arbitration to be held where you are, so you’re not paying your attorney a lot of money to travel somewhere else in the event of a dispute.

Politics: I promise you one of these weeks we’ll skip complaining about the Oregon legislature, but it’s not this week. As predicted, the legislature passed and the governor signed the $2 billion plus business tax hike. Meanwhile, the state economist reported such a large increase in state revenue that he called it a “seismic event.” Under my personal favorite provision of the Oregon constitution, seismic events like this caused by the state taking more from taxpayers than it expected to, results in an income tax “kicker” going back to taxpayers. (Note: it could also be caused by the state cutting spending or even cutting the growth of spending but, yeah, haha). Anyway, now House Speaker Tina Kotek has introduced a bill that would divert half the kicker to a new bridge in the Portland metro area and zero emissions programs. That’s after the legislature and governor decided to keep $108 million in kicker refund that otherwise would have gone to taxpayers. (But it’s OK! Our leaders in state government know how to keep track of your money and spend it better than you can!)

Et cetera:  If your Friday needs a two minute video of two guys jumping from the top of a mountain into a moving airplane, I’m your huckleberry.

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Have a great weekend!

Jeff started EagerLaw PC to help Oregon entrepreneurs succeed in business. Jeff worked in Washington, D.C. for Oregon Congressman Greg Walden, served as Mayor of the City of Bend, and has been practicing law in Oregon for over a decade. Jeff believes strongly in entrepreneurship and enjoys making the legal side of business transparent and easy for his clients.

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