Economic Growth in Oregon
Governor Kitzhaber invites Oregon Chamber to join and champion economic growth in Oregon

(SALEM, Ore.) – Governor Kitzhaber today emphasized Oregon’s growing economy and healthy business rankings in a speech to Oregon Chamber of Commerce members. The Governor discussed recent business growth in the state and outlined his plans to ensure that Oregon’s future is secure and prosperous.

“Transforming education and health care delivery in Oregon is absolutely essential to our long term economic recovery, essential to building the workforce of the 21st century, essential to raising our per capita income back above the national average,” said Governor Kitzhaber. “In short, it is essential to a prosperous and sustainable future.”

The Governor highlighted some of Oregon’s highest national business ranking, including a new upgrade of Oregon’s credit rating from AA to AA+. The improvement in Oregon’s credit rating will allow the state to issue bonds at a lower interest rate, saving millions of dollars. Gaining the higher credit validates the Governor’s commitment to fiscal responsibility.

“I’m pleased Standard and Poor's cited our proposed balanced budget as one of the main factors for their decision to upgrade Oregon’s credit rating,” said Governor Kitzhaber.

The Governor also highlighted other significant rankings for Oregon businesses and economic growth.

· Oregon ranks #6 on Forbes Magazine’s list of best states for business.

· Oregon ranks # 14 on Tax Foundation in its 2011 State Business Tax Climate Index.

· The latest Workers’ Compensation Premium Rate Ranking indicates that Oregon has the ninth lowest rates in the country – 17 percent below the national median – a key factor in lowering the cost of doing business in the state.

“These are all signs Oregon is open for business,” said Governor Kitzhaber.

Source: News Press Release

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