New Bend business registrations dropped 12.5 percent from July totals; Bend registrations still double statewide average.
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 percent. 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,” Eager stated.
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.
