Updates

  • Bend Entrepreneurs Registered More Businesses per Capita than any Other City in Oregon in 2017

    By on January 10, 2018

    Bend Entrepreneurs Registered More Businesses per Capita than any Other City in Oregon in 2017

    Bend Entrepreneur Report: 2017 Annual Report

    Back in January 2017, we decided to start tracking the number of new Bend businesses registered with the Oregon Secretary of State. We sorted the publicly available data and, on a monthly basis for a year now, we reported our findings in the Bend Entrepreneur Report. What we found over the course of the year was pretty cool.

    Entrepreneurs in Bend Registered More Businesses per Capita than any other City in Oregon

    You know that thing about Bend being an entrepreneurial city? It is. Big time. There was one 2017 business registration in Bend for every 28 residents. In other words, walk down your street and chances are someone and probably multiple someone’s on your street registered a business in 2017.

    The next closest among cities with populations over 30,000 (the numbers get wonky below that population) is Lake Oswego, with one business registration for every 30 residents. Have you been to Lake Oswego? There’s not a lot of workforce residents there, who typically have neither the means nor the inclination to start businesses. Bend is a self-sufficient city, not an elite suburb, with residents of all incomes – and there were more registrations in Bend.

    Portland, which registered the largest total number of businesses but also, by far, the largest population, only registered one business for every 84 residents. The statewide average was a business registration for every 65 residents.

    Business Registrations were Seasonal

    Maybe not surprisingly, entrepreneurs registered more Bend businesses when most folks are working, and not during the summer or the holiday season. The biggest months were March, January, October and May. The slowest were August, November and July.

    In general, registrations were strongest at the beginning of the year and, aside from a big month of October, slower in the latter half of the year.

    Looking Ahead to 2018

    With a year of data under our belts, we’ll be able to compare monthly 2018 data with that from 2017. Will the rapid rate of business registration in Bend continue in 2018? It may be that factors such as a tight labor market and limited commercial and industrial space in Bend force a slowdown in registrations. On the other hand, nationally small business and consumer optimism are high.

    We will release our first Entrepreneur Report of 2018, analyzing January data, in early February. Stay tuned.

     

    Each month, EagerLaw carefully analyzes Oregon Secretary of State’s business registration data to prepare the Bend Entrepreneur Report. The report is released monthly to local media and on the EagerLaw PC Facebook page, where the firm also spotlights local business achievements and provides information of use to Bend businesses.

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  • Bend Entrepreneur Report: Bend Biz Registrations Down 33%

    By on December 13, 2017

    Entrepreneurs registered 216 new businesses in Bend, Oregon, in November, a 33% decrease from October totals. November’s decrease followed a string of big increases in September and October. That’s according to today’s edition of the monthly Bend Entrepreneur Report from Bend business attorneys EagerLaw PC.

    November is the beginning of the holiday season, which probably contributed to this decline.

    Statewide, registrations decreased by 13%. Among bigger cities, Bend had the highest rate of business registrations per 100,000 population. Bend ranked fourth in total registrations in November, behind Portland, Salem and Eugene. Bend retained the title of most registrations by population among large cities.

    I’d expect an uptick in December as business owners form new entities for tax and other year-end purposes.

    Each month, EagerLaw carefully analyzes Oregon Secretary of State’s business registration data to prepare the Bend Entrepreneur Report. The Report is released monthly to local media and on the EagerLaw PC Facebook page, where the firm also spotlights local business achievements and provides information of use to Bend businesses.

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  • Bend Entrepreneur Report: October business registrations up another 24%

    By on November 9, 2017

    Entrepreneurs registered 321 new businesses in Bend, Oregon, in October, a 24% increase from September totals. October’s increase followed a 22% increase in September’s registrations from August’s. That’s according to today’s edition of the monthly Bend Entrepreneur Report from Bend business attorneys EagerLaw PC.

    Economists have said that Bend’s economy is leveling off, but entrepreneurs continue to register new businesses at a rapid clip. We haven’t seen registration numbers this high since March.

    Statewide, registrations increased by 6%. Among bigger cities, Bend had the highest rate of business registrations per 100,000 population. Bend entrepreneurs registered more businesses than those in any other city in Oregon, other than Portland.

    Fall – before the holiday season – is the time to prepare for business success in 2018, and for some people that involves starting a new business.

    Each month, EagerLaw carefully analyzes Oregon Secretary of State’s business registration data to prepare the Bend Entrepreneur Report. The Report is released monthly to local media and on the EagerLaw PC Facebook page, where the firm also spotlights local business achievements and provides information of use to Bend businesses.

    Read more
  • Bend Entrepreneur Report: Bend Business Registrations Up Big in September

    By on October 13, 2017

    New Bend business registrations in September increased 22% from August totals; Most monthly registrations since June.

    Entrepreneurs registered 249 businesses in Bend, Oregon, in September, a 22% increase from August totals. More new businesses were registered in Bend in September than in any month since June.

    After a long summer of vacations, smoke and a notable celestial event, Bend entrepreneurs got down to business in September. It’s good to see numbers come back after dragging somewhat during the summer.

    Statewide, registrations increased by a healthy 12%. Bend’s total continues to be double the statewide average, based on population.

    The period of time between Labor Day and Thanksgiving is when lots of business gets done. We hope to see strong October numbers too!

    Each month, EagerLaw carefully analyzes Oregon Secretary of State’s business registration data to prepare the Bend Entrepreneur Report. The Report is released monthly to local media and  at the EagerLaw PC page, where the firm also spotlights local business achievements and provides information of use to Bend businesses.

    Read more
  • Bend Entrepreneur Report: Bend Business Registrations Dip Again in August

    By on September 21, 2017

    CH-47_Chinook_fighting_wildfires_in_Oregon_(9569533919)Bend Business Registrations Dip Again in August

    New business registrations in Bend fell by 12.5% in August from July totals. That’s according to today’s edition of the monthly Bend Entrepreneur Report from Bend business attorneys EagerLaw PC.

    August saw 204 new business registrations in Bend in August. The July tally was 233 – a 12.5% decrease.

    “Between the eclipse and the smoke, August was a weird month in Bend,” explained EagerLaw PC founder and Bend business attorney Jeff Eager. “August also being the last month of summer break may have led to entrepreneurs delaying business startup plans until after the kiddos are back in school. We’ll see.”

    Statewide, new business registrations dipped by 7%. Among large cities in Oregon, Bend had the third highest number of new registrations per 100,000 population, behind Lake Oswego and Keizer. Bend’s new registrations per 100,000 people continues to be double the statewide average. Throughout Central Oregon, Redmond and Prineville registrations increased slightly, while Madras numbers fell.

    Because this is the first year of the Bend Entrepreneur Report, it’s difficult to distinguish between seasonal trends and other effects, like the eclipse. Beginning in January, we’ll provide year-to-year comparisons, which will provide more context for the data.

    Each month, EagerLaw carefully analyzes Oregon Secretary of State’s business registration data to prepare the Bend Entrepreneur Report. The Report is released monthly to local media and on the EagerLaw PC Facebook page, where the firm also spotlights local business achievements and provides information of use to Bend businesses.

    Read more
  • Bend Entrepreneur Report: July Business Registrations Dipped Slightly

    By on August 25, 2017

    July Ent Report GraphNew Bend Business Registrations Dipped 6% from June

    Following a slow June, Central Oregon business registrations slowed a bit further in July, with Bend’s figure dropping by 6%. That’s according to today’s edition of the monthly Bend Entrepreneur Report from Bend business attorneys at EagerLaw PC.

    June saw 249 new business registrations in Bend. The July tally was 233 – a 6% decrease.

    Statewide Registrations Slowed slightly in June; Regional Numbers Mixed

    Statewide, new business registrations dipped by 3%. Despite its decline in registrations in July, Bend (the seventh-largest city in the state by population) regained its second-place position for total number of new registrations, second only to Portland. Throughout Central Oregon, Redmond logged 42 new registrations in July, versus 42 in June. Prineville dipped from 18 in June to 14 in July. La Pine remained relatively consistent, with 13 in July versus 14 in June.

    Bend Stabilizing Registrations

    After a 21% drop from May to June, Bend’s numbers stabilized somewhat for July. As 2017 is the first year of the Bend Entrepreneur Report, it remains to be seen whether this is a typical summer slow-down or something else. The August figures will be interesting due to the disruption and/or opportunities presented by the eclipse.

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