Bend Entrepreneur Report – May – August 2019
Business Registrations Down 9.5% vs. same period last year
Bend, OR – The number of new Bend businesses registered with the Oregon Secretary of State May through August 2019 (1,099 businesses) is down 9.5 % versus the same time-frame from 2018 (1,203), and about on par with registrations from that timeframe in 2017. Bend continues to have more businesses registered per capita compared to any other large-ish Oregon city other than Keizer. Furthermore, the rate of registrations in 2018 was probably unsustainable, given labor and real property constraints.
“Since we started the Bend Entrepreneur Report in January 2017, the last four months have shown the most notable, mostly sustained slowdown in business registrations. Some national, state and local indicators have signaled a slowing economy. Even so, Bend entrepreneurs continue to form businesses at a rate that far outpaces the state average,” Bend business attorney Jeff Eager said.
