RealEstateAgentCommissions
Reconveyance/ReleaseFees
PrepaymentPenalties(IfApplicable)
Owner'sTitleInsurance
EscrowFee
TaxProrations
LienSearch(ifapplicable)
Mortgages&Encumbrances
AnyPropertyTaxDue
*Customary for Seller to Pay
LoanOriginationFee/Discount
CreditFee
MortgageInsurance(ifapplicable)
ReserveSetUpFee(ifapllicable)
FireInsurance1year(homeownerspolicy)
Floodinsurance(ifapplicable)
FloodandTaxCertifications
PrepaidInterest
HomeOwnersAssociationFees(ifapplicable)
VAFundingFee
TaxProration
EscrowFee
RecordingFee LendersTitleInsurance
* Items listed are intended to represent only what may be customarily charged and may not reflect actual charges at closing. Consult with your real estate professional or title company representtaive for actual charges specific to your transaction.
Seller to pay full escrow fee (includes buyer escrow fee)
ConventionalFHA VA ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ConventionalFHA VA ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●
GUIDE TO CLOSING COSTS
Buyer'sLenderFees(variesbylender)
AppraisalFee
TypeofFinancing TypeofFinancing
for Buyer to Pay Cash (no loan) Cash (no loan)
*Customary
Terrebonne, OR 97760 REPORT FOR 3/8/2023 Single-Family Homes Presented by Kevin White 541-389-2120 kwhite@titlemanagement.org www deschutestitle com
Deschutes Title Market Report
This week the median list price for Terrebonne, OR 97760 is $630,900 with the market action index hovering around 29. This is an increase over last month's market action index of 27 Inventory has held steady at or around 21
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory
Terrebonne, OR 97760
Real-Time Market Profile
Slight Buyer's Advantage
The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.
Market Segments
Each segment below represents approximately 25% of the market ordered by price
Single-Family Homes
Median List Price $630,900 Median Price of New Listings $0 Per Square Foot $369 Average Days on Market 160 Median Days on Market 119 Price Decreased 24% Price Increased 0% Relisted 10% Inventory 21 Median Rent $1,800 Market Action 29 Slight Buyer's Advantage Deschutes Title Market Report deschutestitle.com
Buyer's Market Seller's Market 0 10 20 30 40 50 60 70 80 90 100 Tod a y
LastMonth 29
Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM $3,389,000 4,200 5 - 10 acres 4 4 5 16 0 0 343 $849,900 2,242 5 - 10 acres 3 2 17 0 0 77 $610,000 1,704 1 - 2 5 acres 3 2 26 0 1 49 $497,250 1,445 1 - 2.5 acres 3 2 26 0 0 112 2 of 6 Wed Mar 08 2023 Powered by Altos Research, Inc. | www.altos.re | Copyright © 2023 Altos Research, Inc.
Median List Price
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Segments
In the quartile market segments, we see the market's price weakness almost across the board. Prices in Quartile 4 have been mixed recently, while the rest of the market is trending downward. Look for a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in the market.
Single-Family Homes Terrebonne, OR 97760 Deschutes Title Market Report deschutestitle.com
7-Day Average 90-Day Average Mar 2018 Oct 2018 Apr 2019 Oct 2019 Apr 2020 Oct 2020 Apr 2021 Oct 2021 Apr 2022 Oct 2022 $500K $1.0M $1.5M $2.0M $0
Top 90-Day Upper 90-Day Lower 90-Day Bottom 90-Day Mar 2018 Oct 2018 Apr 2019 Oct 2019 Apr 2020 Oct 2020 Apr 2021 Oct 2021 Apr 2022 Oct 2022 $0 $1.0M $2.0M $3.0M $4.0M $5.0M 3 of 6 Wed Mar 08 2023 Powered by Altos Research, Inc. | www.altos.re | Copyright © 2023 Altos Research, Inc.
Price Per Square Foot
Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there’s a portion of the market being priced at a premium. You can investigate this condition in the quartile details.
Inventory has been relatively steady around these levels in recent weeks.
Single-Family Homes Terrebonne, OR 97760 Deschutes Title Market Report deschutestitle.com
7-Day Average 90-Day Average Mar 2018 Oct 2018 Apr 2019 Oct 2019 Apr 2020 Oct 2020 Apr 2021 Oct 2021 Apr 2022 Oct 2022 $100 $200 $300 $400 $500 $600 Inventory
7-Day Average 90-Day Average Mar 2018 Oct 2018 Apr 2019 Oct 2019 Apr 2020 Oct 2020 Apr 2021 Oct 2021 Apr 2022 Oct 2022 0 20 40 60 80 4 of 6 Wed Mar 08 2023 Powered by Altos Research, Inc. | www.altos.re | Copyright © 2023 Altos Research, Inc.
Market Action Index
The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.
Market Action Segments
Three of the four quartiles of this zip code are in the Seller’s Market zone with relatively low amounts of inventory given the current levels of demand. It’s not uncommon that the premium segment of the market takes longer to sell than the rest of the group.
Single-Family Homes Terrebonne, OR 97760 Deschutes Title Market Report deschutestitle.com
7-Day Average 90-Day Average Mar 2018 Oct 2018 Apr 2019 Oct 2019 Apr 2020 Oct 2020 Apr 2021 Oct 2021 Apr 2022 Oct 2022 0 100 25 50 75 125
Top 90-Day Upper 90-Day Lower 90-Day Bottom 90-Day Mar 2018 Oct 2018 Apr 2019 Oct 2019 Apr 2020 Oct 2020 Apr 2021 Oct 2021 Apr 2022 Oct 2022 0 20 40 60 80 100 5 of 6 Wed Mar 08 2023 Powered by Altos Research, Inc. | www.altos.re | Copyright © 2023 Altos Research, Inc.
Median Days on Market (DOM)
The properties have been on the market for an average of 165 days. Half of the listings have come newly on the market in the past 133 or so days. Watch the 90-day DOM trend for signals of a changing market.
Segments
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
Single-Family Homes Terrebonne, OR 97760 Deschutes Title Market Report deschutestitle.com
7-Day Average 90-Day Average Mar 2018 Oct 2018 Apr 2019 Oct 2019 Apr 2020 Oct 2020 Apr 2021 Oct 2021 Apr 2022 Oct 2022 0 50 100 150 200
Top 90-Day Upper 90-Day Lower 90-Day Bottom 90-Day Mar 2018 Oct 2018 Apr 2019 Oct 2019 Apr 2020 Oct 2020 Apr 2021 Oct 2021 Apr 2022 Oct 2022 0 100 200 300 400 6 of 6 Wed Mar 08 2023 Powered by Altos Research, Inc. | www.altos.re | Copyright © 2023 Altos Research, Inc.
Property Profile Taxes Deed
Covenants, Conditions and Restrictions
CC&R’s Hard CopyAvailable Upon Request Or Clink the Hyperlink on the next page to view Electronically
or Click on hyperlink below to view CC& R’s https://issuu.com/infodeschutestitle/docs/crooked_river_ranch_ph_2_cc_r_s?fr=sMTZhNTU3MDU4M DY
CC&R’s Hard CopiesAvailable upon Request
Property Maps
Community Services
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Schools Report
Jefferson County Oregon School District
Boundaries
509J Schools
Buff Elementary Boundary
Metolius Elementary Boundary
Warm Springs K-8 Academy Boundary
Madras Elementary Boundary
Big Muddy Elementary
Ashwood School District
Ashwood School District #8
Culver School District #4
Culver SD 4
Black Butte School District 41
Black Butte SD 41
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A Great Place to Hang Your Hat
Crooked River Ranch Club and Maintenance Association
Crooked River Ranch was developed by Bill Macpherson in 1972 as a destination resort. In 1973 on November 15th the first meeting of the Crooked River Ranch Club & Maintenance Association (CRR) was established, and a year later the new clubhouse and pool with the first 9 holes of the golf course were built. In 1980 CRR was re-zoned from recreational to rural/residential. In 1992 final re-zoning took place, making CRR a residential subdivision. The properties are divided into 1, 2, and 5 acre lots. The Ranch itself is divided into 16 phases. There are also numerious commercial properties/businesses near Admin. building and on Commercial Loop. Crooked River Ranch Club & Maintenance Association is a nonprofit corporation consisting of 2,646 properties.
It is now the largest homeowner's association in Oregon, having grown to over 5000 in population. It is considered as becoming the largest subdivision of its kind. It employs over 25 people and utilizes many volunteers to keep our owners and guests satified during their stay on the Ranch.
As with all Home Owners Associations, dues are collected to assist in maintaining the common properties, which the association owns. Dues are collected bi-annually. With dues comes use of the pool, tennis, and discounts on golf (18 hole course), ball field, arena and other amenities.
The nine member association Board of Directors meets monthly, which all home owners are welcome to attend. There is also an annual meeting usually around Labor day.
Crooked River Ranch Club & Maintenance Association has developed its Articles of Incorporation and Bylaws. Each phase has it s own Covenants, Conditions & Restrictions.
541-923-2679
info@crrchamber.com
Top Ten Attractions
Crooked River Ranch Golf Course
The Crooked River Ranch Golf Course offers 18 well maintained holes in a magnificent river canyon setting. The fifth hole has been cited as the most spectacular hole in Central Oregon. The golf course is open for play almost all year, except for a few short lived winter snowfalls. You'll be pleased at how affordable this beautiful golf course is. It is also open to the general public.
Fishing and Boating
You and your family will enjoy fishing and boating in the scenic Crooked and Deschutes Rivers. The "Ranch" is also just a short drive from Lake Billy Chinook and Haystack Reservoir which provide a boating, fishing and fabulous scenery.
Events & Festivals
When you visit the "Ranch", you will enjoy several events and festivals, including the "Steel Stampede" Vintage Motorcycle Rally in late April/early May, the Senior's popular community yard sale late May/early June, the "Independence Celebration" which includes a Parade, "Buffalo Feed", a Quilt Festival and Craft Fair in July, "Olde Fashioned Christmas" which includes a Holiday Bazaar, Santa visits and photos and a "Starlight Parade" in December, and more. Check the web site for updated information and exact dates.
Camping, Hiking & Picnicking
Camping, hiking and picnicking are close by. You'll love hiking the scenic trails throughout the area, and will enjoy the BLM land which adjoins the Ranch. Don't miss the scenic hike to Steelhead Falls. Beautiful MacPherson Park is located near the golf course, and provides a covered pavilion, spacious lawns and a pond where ducks, bullfrogs, Muflong sheep, a variety of birds and the ever popular deer offer ongoing entertainment to children and adults alike. Wildlife is always present for you to enjoy at Crooked River Ranch.
Swimming Pool
PO Box 1502
Crooked River Ranch, OR 97760
For the enjoyment of residents and visitors, the Ranch maintains a heated swimming pool, which includes a large "kiddy pool". The pool is open from Memorial Day to Labor Day, and later, if the weather permits.
Destination Resort
Crooked River Ranch is truly an affordable and convenient Destination Resort! You and your family will enjoy the lighted tennis courts, basketball courts, ball field, motel, restaurants, indoor and outdoor meeting and small conference facilities, mini market, a full service beauty salon. Catering can also be arranged. Not only is the Ranch an exciting place for a family vacation, it is also a wonderful place for a year ‘round retreat for your small to mid size business, church group and family and high school reunions.
RV Park
The Ranch owns and operates a full service RV Park, complete with full hook ups, a covered pavilion, showers, washers and dryers and a children's playground. 50amp service is available at select sites. There are other privately owned RV Parks for your camping enjoyment.
Ranch Chapel
The Ranch Chapel is a nondenominational house of worship which offers two Sunday morning services, Sunday School, youth programs and Bible study. Everyone is welcome. Visit our website http://ranchchapel.org/
Smith Rock
If you love a challenge, rock climbing may be for you. The internationally acclaimed Smith Rock is just a short drive from the Ranch, and offers the rock climbing experience, together with hiking for young and old alike along some of the most scenic trails you'll ever have the opportunity to enjoy. Visit: http://www.smithrock.com/ or http://www.oregonstateparks.org/park_51.php for more information.
Quality of Life
"Ranchers" take care to preserve the quality of life that attracts visitors to enjoy scenic vistas and quiet beauty, away from the hustle and bustle of the big cities. We welcome new residents and visitors alike who, we are sure will agree that the Ranch is a "great place to hang your hat."
Places to Go & Things to Do
Food Trucks/Carts
https://www.visitbend.com/food-drink/restaurants/food-carts/
https://www.google.com/search?q=food+carts+near+me&rlz=1C1GCEU_enUS874US875&oq=food+cart s+&aqs=chrome.2.69i57j0i512j0i457i512j0i402j46i175i199i512l2j0i512l4.9132j0j15&sourceid=chrome&i e=UTF-8
https://www.menupix.com/oregon/cn/158/370037/Food-Trucks-Prineville
https://www.google.com/search?q=food+trucks+in+sisters+oregon&rlz=1C1GCEU_enUS874US875&ei= nMxVYpS4Ns2dkPIPufeDoAg&oq=food+trucks+in+Sisters&gs_lcp=Cgdnd3Mtd2l6EAEYADIFCAAQgAQyB
QgAEIYDMgUIABCGAzoLCC4QgAQQxwEQrwE6BggAEBYQHkoECEEYAEoECEYYAFAAWPcKYNAiaABwAXgA gAHRAYgBugmSAQUwLjYuMZgBAKABAcABAQ&sclient=gws-wiz
https://www.google.com/search?q=food+trucks+in+madras&rlz=1C1GCEU_enUS874US875&ei=nMxVYp S4Ns2dkPIPufeDoAg&ved=0ahUKEwiU9pOLm4_3AhXNDkQIHbn7AIQQ4dUDCA8&uact=5&oq=food+truc ks+in+madras&gs_lcp=Cgdnd3Mtd2l6EAMyBggAEBYQHjIFCAAQhgMyBQgAEIYDOgcIABBHELADOgoIABB HELADEMkDOggIABCABBDJAzoFCAAQkgM6BQgAEIAEOgsILhCABBDHARCvAUoECEEYAEoECEYYAFDeEliM GmDVHGgBcAF4AIABrQGIAZoHkgEDMC42mAEAoAEByAEHwAEB&sclient=gws-wiz
https://www.google.com/search?q=food+trucks+in+culver+oregon&rlz=1C1GCEU_enUS874US875&ei=b M1VYqjDC_bTkPIP_Zuj2AY&ved=0ahUKEwioqYDum4_3AhX2KUQIHf3NCGsQ4dUDCA8&uact=5&oq=foo d+trucks+in+culver+oregon&gs_lcp=Cgdnd3Mtd2l6EAMyBQghEKsCOgoIABBHELADEMkDOgcIABBHELAD OgYIABAWEB46BQgAEIYDOgUIIRCgAUoECEEYAEoECEYYAFD2BljNDmCFEGgBcAF4AIABswGIAcQJkgEDMC 43mAEAoAEByAEEwAEB&sclient=gws-wiz
https://pdx.eater.com/maps/best-restaurants-bend-oregon-guide
Central Oregon Healthy Food
https://www.visitbend.com/food-drink/restaurants/vegan-vegetarian-gluten-free/
https://www.google.com/search?q=healthy+eats+in+central+oregon&rlz=1C1GCEU_enUS874US875&ei =Vs5VYo6xJp_TkPIPjIqV4AI&ved=0ahUKEwiOtOXdnI_3AhWfKUQIHQxFBSwQ4dUDCA8&uact=5&oq=heal thy+eats+in+central+oregon&gs_lcp=Cgdnd3Mtd2l6EAM6BggAEAcQHjoICAAQBxAFEB46BQgAEIYDSgQI QRgASgQIRhgAUABYjyhg6D5oAnABeAGAAe8DiAHND5IBCjIuMTAuMS4wLjGYAQCgAQHAAQE&sclient=g ws-wiz
Kid Friendly Attractions
https://forgetsomeday.com/things-to-do-in-bend-oregon-with-kids/
https://www.cascadiakids.com/things-do-kids-bend-oregon/
https://oldmilldistrict.com/things-to-do-with-kids/
https://www.visitbend.com/things-to-do/activities/kid-family-friendly-activities/
Farmers Markets in Central Oregon
https://visitcentraloregon.com/dining/food/farmers-market/
https://www.localharvest.org/prineville-or/farmers-markets
https://hdffa.org/its-farmers-market-season/
https://redmondoregonfarmersmarket.com/
https://www.sistersfarmersmarket.com/
https://www.localharvest.org/redmond-or/farmers-markets
Central Oregon Breweries
https://northwestmicrobreweries.com/central-oregon
https://www.google.com/search?q=breweries+in+central+oregon&rlz=1C1GCEU_enUS874US875&oq=& aqs=chrome.0.69i59i450l8.68566434j0j15&sourceid=chrome&ie=UTF-8
https://visitcentraloregon.com/dining/drinks/breweries/redmond/
https://beermebend.com/bend-oregon-brewery-locations/
Private Schools in Central Oregon
https://www.niche.com/k12/search/best-private-schools/c/deschutes-county-or/
https://movingtobend.com/relocation-blog/2021/a-guide-to-public-and-private-schools-in-bendoregon/
https://www.countyoffice.org/bend-or-private-schools/
Central Oregon Winter Activities
https://www.visitbend.com/things-to-do/activities/winter-fun/
https://visitcentraloregon.com/things-to-do/activities/winter/
https://www.google.com/search?q=central+oregon+breweries&rlz=1C1GCEU_enUS874US875&oq=cent ral+oregon+breweries&aqs=chrome..69i57j0i390j69i60l2.8009j0j15&sourceid=chrome&ie=UTF-8
Central Oregon Trivia and Bingo Nights
https://www.riversplacebend.com/games
https://beermebend.com/bend-oregon-brewery-locations/
https://www.bendsource.com/bend/bingo-with-bren-supporting-saving-grace/Event?oid=16320982
https://www.visitbend.com/food-drink/astro-lounge/
https://theyardfoodpark.com/events/
Calendar of Events for Central Oregon
https://visitcentraloregon.com/calendar-of-events
Economic Development For Central Oregon
ECONOMIC DEVELOPMENT FOR CENTRAL OREGON EDCOINFO.COM #EDCOINFO @EDCOINFO 705 SW BONNETT WAY SUITE 1000 BEND, OR 97702 541.388.3236 2021 CENTRAL OREGON ECONOMIC PROFILE
Table of Contents
Welcome to Central Oregon
Where the commute times are short and breathtaking views await you at every turn. The region features dramatic snow-capped mountain ranges and high desert plateaus within Deschutes, Crook and Jefferson counties.
Located halfway between San Francisco and Seattle, the hottest small metropolitan market in the U.S. is Central Oregon. In the last decade the region has seen some of the highest sustained GDP growth, job growth and population growth. With these factors in mind, The Milken Institute has named the region the best small metropolitan in the nation four years in a row – an unprecedented feat no other location has ever received.
Central Oregon is pulling extraordinary talent and capital, fostering a diverse and highly entrepreneurial business ecosystem. Lured by natural scenic beauty and big city amenities (world-class health care, education, dining) without big city costs or hassle, people are learning that having a true work-life balance is possible. Employees are happier; companies are more innovative and capital-efficient. All in a region dominated by small to mid-sized firms that compete globally – and win.
Welcome........................................................................................................ Central Oregon Overview................................................................................ Population..................................................................................................... Move.............................................................................................................. Relocate / Expand.......................................................................................... Start................................................................................................................ Entrepreneurial Support................................................................................. Grow............................................................................................................... Workforce...................................................................................................... Delivering What Is Expected......................................................................... Transportation............................................................................................... Services / Infrastructure................................................................................ Top Employers............................................................................................... Foundations of Central Oregon’s Economy................................................... Lifestyle......................................................................................................... About EDCO................................................................................................... 2 3 4 6 7 8 9 10 11 12 13 14 15 16 20 21 Page 2 - Economic Development for Central Oregon
CENTRAL OREGON OVERVIEW
Regional Population: 244,560
(2020 estimates from Portland State University)
Regional Labor Force: 116,665
(Seasonally adjusted total for Q4 2019 from Oregon Employment Department)
Bend-Redmond MSA GDP Per Capita: $46,903
(2017 estimate from the Bureau of Economic Analysis)
*Bureau of Economic Analysis data is only available for the Bend-Redmond MSA
Access to and from our region has never been easier with seven national carriers flying 54+ segments daily to 10 international airports. The best part?
Travel through the Redmond airport is a breeze.
edcoinfo.com - Page 3
POPULATION
Central Oregon has been among the fastest growing regions anywhere in the U.S.
In-migration has been the dominating factor in the region’s growth with thousands of new residents moving to the area from all over the country every year. At the same time, the region’s ability to attract young families has resulted in strong birth rates.
“Central Oregon’s ability to consistently attract new residents is one of the key reasons our labor force continues to expand year after year. The population growth in the Bend-Redmond MSA, alone, has far outpaced any other Oregon metro for the last eight years.”
Kale Donnelly Workforce Analyst, State of Oregon Employment Department
Oregon Jefferson County 11.2% 10.8% 76.9% 64.5% Area POPULATION CHANGES FOR CENTRAL OREGON Percent Change 2010 - 2020 Net Migration % 2010 - 2019 Counties Deschutes County 24.8% 90.6% Crook County 11.5% 115.4% Source: Population Research Center, PSU 2020. Oregon Employment Department, 2019. Page 4 - Economic Development for Central Oregon
NEW RESIDENTS, NEW IDEAS & NEW ENERGY
#2 FASTEST GROWING CITIES IN THE U.S.
With over 4.5 million visitors flocking to Central Oregon each year, it proves a great introduction to our region’s culture, lifestyle and a great first impression for businesses. Central Oregon and the Bend-Redmond MSA continually top the nation in population growth. In fact Bend has been among the 15 fastest growing cities in the U.S. four of the last five years. While our population grows, so does our workforce. We’re cultivating a community that has consciously decided to live here and work towards making our region an even better place to live.
POPULATION TOTALS FOR CENTRAL OREGON
Oregon 3,837,300 4,236,400 3,421,399 4,013,845 4,268,055 Area 2010 2019 2000 2015 2020 Crook County 21,020 23,440 19,184 21,085 23,440 Deschutes County 157,905 193,000 115,367 170,740 197,015 Bend 76,740 91,385 52,029 81,310 92,840 La Pine 1,660 1,900 1,670 2,005 Redmond 26,225 30,600 13,481 27,050 32,215 Sisters 2,040 2,985 959 2,280 3,220 Unincorporated 51,240 66,130 48,898 53,151 66,735 Jefferson County 21,750 23,840 19,009 22,445 24,105 Tri-County Total Source: Population Research Center, PSU. 2000 & 2010 Census numbers are for April 1 of that year; 2015-2020 data are for July 1 of that year. 200,675 240,280 153,560 214,270 244,560 Not incorporated
-WALLET HUB, 2020
10.1% % Growth 2010-2020 10.3% 19.9% 17.3% 18.6% 36.6% 23.2% 9.8% 17.9% 17.2% edcoinfo.com - Page 5
MOVE
Business Cost Comparison
Oregon offers more incentive programs to traded sector businesses (companies that sell products or services outside the area) than Washington and California combined. Even without taking those incentives into consideration, Oregon is still a more cost-effective choice for doing business. Contact EDCO for a detailed look at the business costs in Central Oregon.
“While our move to Central Oregon may have started for personal reasons, it has allowed us to do more with our business than we thought possible. It has allowed us to hire amazing employees – the available talent here in Central Oregon has proven to be of the highest caliber and chocked full of integrity. Sometimes you feel like you can get lost in a big city. In Sisters we have been able to be part of a growing and nurturing business community.” - Wyatt
Case Study: Holy Kakow
Founded in Portland in 2009, Holy Kakow creates premium organic chocolate sauces and syrups that are used in coffee shops across the nation and globe. After running the business for nearly a decade, founder Wyatt Woods decided a move to Sisters, Oregon would be beneficial for his family. The next step was to figure out how to move the successful business. After EDCO’s help with site selection, incentives, permitting, and more, Holy Kakow was able to move their operations into a new building in the Sisters Business Park. The relocation allowed them to scale for growth, even during the pandemic, expanding their employment from three to eight in the span of a couple months. Holy Kakow have their sights set on new product launches, and with the backing of the community and the growing number of craft food businesses in Sisters, they’re surrounded by a strong business ecosystem to help them succeed.
6.14¢ Avg. Electricity Rate (¢/kWh) None State & Local Sales Tax Rate $4.62 Avg. Natural Gas Rate ($/kcf) #15 State Business Tax Climate Index OR 14.42¢ 8.68% $7.64 #49 CA 5.13¢ 9.23% $6.86 #16 WA
We guide employers outside the region through the relocation process as a resource for regional data, incentives, talent, site selection, and A-Z problem solving.
Woods, President and Owner, Holy Kakow
Page 6 - Economic Development for Central Oregon
Sources: Tax Foundation 2021, US Energy Information Association (Natural Gas) April 2021, US Energy Information Association (Electricity) May 2020
RELOCATE & EXPAND
Get connected to our growing industry clusters that include: Brewing, Bioscience, Outdoor Products, Technology, Automotive, Aerospace, and Advanced Manufacturing.
Our tools to help your company include: linking with the local supply chain, finding talent, incentives, business finance, and more.
WHY CENTRAL OREGON?
When compared against its neighbors to the north and south, Oregon’s overall business costs rank significantly lower. Average electricity rates, natural gas rates, state & local sales tax rates, and business tax climates in particular are significantly lower than the national average.
We help you navigate the regional and local real estate market, infrastructure and permitting processes.
For a relocating business, Central Oregon has a reputation for welcoming new companies without sacrificing workforce, talent, quality healthcare, transportation, or infrastructure. EDCO’s resources and connections can help your business make the right decisions when choosing a new home.
edcoinfo.com - Page 7
Case Study: Riff Cold Brewed
Riff Cold Brewed was born from a mission to produce the world’s most delicious cold brewed coffee. Serial entrepreneur Paul Evers (also behind Bend staple Crux Fermentation Project), along with a crew of other Central Oregonians, started Riff in late 2017. They opened a bottling and production facility in Redmond, along with the first-of-its-kind Cold Brew Taproom in Bend.
Riff is a great example of how economic development programs are poised to help companies grow. From the beginning, they worked with Redmond Economic Development (REDI) to utilize different tax incentive programs, while connecting with other community resources to help the company position itself to grow more efficiently. In October 2019, Riff presented and won funding at the Bend Venture Confer -
(BVC), the largest angel conference in the West.
With innovation at its core, Riff has taken the craft brewing expertise to create the next great variation in energy drinks. The funding they received from BVC allowed them to further develop their latest product, Alter Ego, a natural plant-based energy drink brewed from coffee’s little-known fruity pulp, cascara, a traditionally wasted biproduct of coffee.
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We mentor and advise scalable young companies from concept to exit on issues such as access to capital, critical expertise and business strategy.
START
ence
“Central Oregon has an incredible entrepreneurial ecosystem, filled with self-starters and trailblazers. These companies are creating new opportunities with the help of multiple influential organizations. EDCO and the newly-formed food and beverage industry association, Cultivate Bend, support and guide the many product companies that call this region home.”
Page 8 - Economic Development for Central Oregon
-Paul
Evers, CEO, Riff Cold Brewed
A driving force for our economic performance is a collaborative and inclusive entrepreneurial community. This is supported via the number of new business registrations, which has outpaced far larger cities. In 2019, AdvisorSmith ranked Bend fifth for Top Midsize Cities where Americans Start the Most Businesses at 3.79 business started per 1,000 residents.
The region is large enough to provide resources and access to capital that help new entrepreneurs get started, while still being small enough that those resources are interconnected to support businesses as they grow. Unique to Central Oregon, given its size, are the numerous community resources and assets that are available. Assets managed by EDCO include monthly Central Oregon PubTalks, the Stable of Experts (mentors) and the largest Angel Conference in the West, the Bend Venture Conference.
SMALL CITIES FOR STARTING A BUSINESS
Source: Wallet Hub, April 2019.
Both Redmond and Bend made Wallet Hub’s Top 10 list for best cities to start a business at #4 and #9 respectively, based on an index of criterial that included business environment rank, access to resources rank and business costs rank. They were the only two Oregon cities to make the top 75 of 1,261 small cities ranked in the index.
ENTREPRENEURIAL
St. George, UT Bend, OR 194 1 2 3 4 9 351 8 92 3 5 30 Area
Access to Resources Rank National Rank Business Environment Rank Holland, MI 1 Fort Myers, FL 13 Redmond, OR 88
SUPPORT
BEST
edcoinfo.com - Page 9
GROW
“From our initial startup days through our expansion today, it is refreshing to work with organizations like EDCO, the Redmond Chamber and the City of Redmond. These groups have worked side by side with our team to get us where we are today and have been an asset to our growing business. They are prime examples of organizations focused on supporting sustainable business growth and helping develop a stronger community for years to come!”
-Matt Tobolski, President and Founder, BASX Solutions
Case Study: BASX Solutions
BASX Solutions is an industry leader in the design and manufacturing of high-efficiency data center cooling solutions, cleanroom systems, custom HVAC solutions, and more. Headquartered in Redmond since 2014, BASX has customers across the U.S. and around the globe. They recently broke ground on a new 75,000 square foot building expansion, allowing the company to consolidate its operations while substantially increasing their manufacturing capacity.
The expansion will give BASX approximately 200,000 square feet of manufacturing space while bringing additional jobs to what is already one of the city’s largest employers, nearly doubling their employee count once their facilities are operational and fully staffed.
Part of what drew BASX to Central Oregon in 2012 was the fact that Redmond stood out as a city that values and supports business and manufacturing operations. It became clear quickly that the City, Redmond Economic Development, Inc., the Redmond Chamber, and other organizations work together collectively to support job growth. The ability for these entities to work together seamlessly lured BASX to the region and has spurred their expansion, allowing them to continue focusing on delivering their products to critical industries.
We partner with local traded-sector companies to help them grow and expand, offering them the very same incentives and assistance as relocation projects.
Page 10 - Economic Development for Central Oregon
#2 FASTEST JOB GROWTH IN THE U.S. - FORBES, 2019
Private sector employment growth in the region was 22% higher than Oregon’s average over the last 10 years, and is projected to grow by 12% through 2029.
Workforce Development
Improving the Readiness and Employability of Central Oregon’s Future Workforce
Now in its fourth year, Youth CareerConnect (YCC) continues to connect employers and students with real work experience throughout Central Oregon. By supporting internships and experiential learning opportunities in the community, YCC has made it simpler for schools and employers to connect while fostering a work-ready labor force for years to come.
YCC is equipped to support virtual internships with local companies now that remote learning and remote work are the new norm. High School, college and alternative education students can access virtual training and support, including resume building, interview preparation, guidance for professional work ethics, and more. Since its inception, YCC has built a rolodex of over 240 business partners and placed more than 290 students in meaningful internships. Personalization for both the business and the student is at the core of what YCC does, and why it continues to thrive. To get involved with Youth CareerConnect, visit: youthcareerconnect.org .
WORKFORCE
- Damon Runberg, Oregon Employment Department, 2020
Source:
Oregon 13.1% U.S. MANUFACTURING EMPLOYMENT GROWTH (2010-2020) 5.6% Deschutes County 48.9% Redmond 87.1% edcoinfo.com - Page 11
State of Oregon Employment Department, 2020
DESCHUTES COUNTY #1 COUNTY
RECEIVING MOST INVESTMENT IN OREGON
-SMARTASSET, 2020
“Bend enjoys a truly collaborative environment. Everyone is not only supportive of each other, but excited to see one another grow. We share the same trails, rivers and slopes and ultimately share a similar vision to help Bend succeed.”
The combination of a collaborative culture, a supportive attitude among government and economic development agencies, plus a location that attracts talent and investment all help Central Oregon compete nationally.
BY COUNTY IN OREGON
Scott Allan GM, Hydro Flask
Rank County New Building Permits (per 1,000 homes) Business Growth Federal Funding (per capita) GDP Growth (millions) Incoming Investment Index 1 3 5 2 4 7 Deschutes 23.1 Washington 12.5 Clackamas 10.2 Multnomah 20.3 Crook 11.9 Jefferson 11.1 Oregon Totals 7.1 13.3% $211 6.5% $340 6.1% $612 7.4% $539 7.3% $225 7.0% $192 3.3% $265 $1,556 66.48 $3,459 50.61 $2,664 47.33 $6,153 61.54 $116 48.26 $86 47.17 $779 Source: SmartAsset, 2020 INCOMING INVESTMENT
DELIVERING WHAT IS EXPECTED Page 12 - Economic Development for Central Oregon
TRANSPORTATION
Average Commute Times
Redmond Municipal Airport (RDM; www.flyrdm.com ) provides commercial air service with an average of 27 daily outbound flights to Denver, Los Angeles, Mesa, Phoenix, Portland, Salt Lake City, San Diego, San
Francisco, San Jose, and Seattle via seven carriers (Alaska, Allegiant, American, Avelo, Boutique, Delta, and United).
SanFranciscoLosAngeles Seattle Portland Denver Bend
The Central Oregon average commute time is 24 minutes each way, saving the average worker over one work week per year !
Source: Census.gov 2019
Travel Time & Distance by Car
RAIL FREIGHT
Burlington Northern-Santa Fe (BNSF), Union Pacific (UPRR) and the City of Prineville Railway (COPR) provide direct connections for shipping to any market in the United States, Canada and Mexico.
Travel Time By Air
U.S. Highways 97 and 20 are two of the state’s major trucking routes, with access to major metro areas with connections to Interstate 5 (N-S) and Interstate 84 (E-W).
30 min 33.8 min 32 min 27.9 min 26.5 min 16.1 min 25.9 min
20 min 10 min 0 min
OR 153 miles
hours, 13 minutes
OR 30 min OLYMPIA, WA 269 miles 4 hours, 55 minutes
LAKE CITY, UT 1 hour, 30 minutes SEATTLE, WA 328 miles 5 hours, 45 minutes
CA 1 hour, 30 minutes SAN JOSE, CA 1 hour, 30 minutes LOS ANGELES, CA 821 miles 12 hours, 39 minutes BEND, OR REDMOND, OR RDM MEDFORD, OR 173 miles 3 hours, 22 minutes SEATTLE, WA 1 hour, 10 minutes BOISE, ID 317 miles 5 hours, 19 minutes
FRANCISCO, CA 1 hour, 10 minutes
ANGELES, CA 2 hours SAN FRANCISCO, CA 491 miles 7 hours, 54 minutes
PORTLAND,
3
PORTLAND,
SALT
BURBANK,
SAN
LOS
AIR
2
edcoinfo.com - Page 13
PHOENIX & MESA, AZ 2 hour, 30 minutes DENVER, CO 2 hours, 24 minutes SAN DIEGO, CA
hours, 40 minutes
Because most of our region has been built new in the past two decades, our telecommunications infrastructure is one of the Northwest’s most technologically advanced, meeting business and telecommuting requirements for capacity, redundancy and reliability.
UTILITIES EDUCATION
Central Oregon is well-recognized for its high level of education, with some of the best K-12 public schools in the nation. In 2020, the Bend-La Pine school district’s average SAT scores surpassed the national average by over 130 points. Additionally, our higher education opportunities abound. From Oregon State University-Cascades ongoing expansion, to Central Oregon Community College’s four campuses in the region, there are opportunities for all to obtain a quality education.
HEALTHCARE
Top quality healthcare is one of Central Oregon’s crown jewels. St. Charles Health System is the largest healthcare provider in the region, and is also the largest employer with over 4,500 employees across the tri-county area. A network of more than 100 clinics and specialty practices further support the community.
SERVICES & INFRASTRUCTURE
Page 14 - Economic Development for Central Oregon
TOP EMPLOYERS
CENTRAL OREGON RANKED #1 IN THE STATE FOR JOB GROWTH AT 41%
According to the Oregon Employment Department, 77% of Oregon establishments have nine or fewer employees and the average private establishment employs 11 people.
Still, a number of large employers operate successfully here, tapping into Central Oregon’s ever-expanding workforce, the overall low cost of doing business and business-friendly local governments. This year, the top 50 private companies collectively employ nearly 21,000 Central Oregonians, or roughly 21.9% of the region’s current total employment.
2020 Central Oregon Industry Composition Private by Employment Trade, Transportation, & Utilities Education & Health Services Leisure & Hospitality Professional & Business Services Manufacturing Construction Financial Activities Other Services Information 4% 4% 2% Natural Resources & Mining
- Oregon Employment Department, 2010-2019
1 9 T-17 5 T-13 21 7 15 T-23 T-31 27 35 T-23 33 29 T-37 T-42 45 48 2021 1 6 17 3 NC 21 NC 11 T-29 31 26 24 15 19 NC T-29 NC NL 42 2020 4,626 607 300 860 365 272 682 350 259 220 246 200 259 216 224 195 162 150 133 2021 St. Charles Health System regional 2021 Central Oregon Largest 50 Private Employers Employees Rank Summit Medical Group regional BendBroadband/TDS Telecom Mt. Bachelor ibex Bi-Mart regional McDonald’s regional Facebook BasX Riverhouse on the Deschutes Medline ReNewal Endura Products Opportunity Foundation The Center (Ortho/Neuro Care) PCC Schlosser Keith Manufacturing Co. Deschutes Brewery Dutchie Quality Truss/Parr Lumber 4,536 587 300 1,072 NC 260 NC 350 225 220 230 236 310 274 NC 225 NC 100 137 2020 2 10 T-17 6 T-13 22 8 16 T-23 T-31 28 36 39 41 44 47 T-49 26 34 30 T-37 40 T-42 46 T-49 2 7 10 NC 14 20 NC 27 33 23 28 32 38 44 39 NC NC 18 NC 22 35 36 41 NC NL 1,093 438 300 751 365 270 669 317 259 220 230 198 190 173 155 145 132 250 210 221 195 174 162 149 132 Bright Wood Corporation regional Lonza, formerly Bend Research Eagle Crest, Aimbridge Hospitality Safeway regional PacificSource Pronghorn Resort Fred Meyer regional Rosendin Electric Inc. NeighborImpact regional Tetherow 10 Barrel Brewing Co. First Interstate Bank regional Sunriver Brewing Company Nosler Western Heavy Haul & SMAF Indian Head Casino Navis NL = Not Listed T = Tied NC = Not Collected Brasada Ranch Epic Air G5 Touchmark at Mt. Bachelor Village J Bar J Youth Services Ray’s Food Place regional Rebound Physical Therapy regional Laird Superfood 1,081 418 350 NC 318 270 NC 229 205 240 227 205 155 127 155 NC NC 280 NC 258 198 174 149 NC NL 3 11 19 4 9 12 1,000 378 294 Sunriver Resort Mosaic Medical regional Consumer Cellular 940 362 325 4 12 20 5 8 16 890 375 279 Les Schwab regional Black Butte Ranch High Lakes Health Care regional 907 369 304 21% 19% 16% 13% 9% 9% Source: State of Oregon Employment Department, 2020 2% edcoinfo.com - Page 15
FOUNDATIONS OF CENTRAL OREGON’S ECONOMY 109
ADVANCED MANUFACTURING
• More than 100 businesses in advanced manufacturing make their own products here in Central Oregon as well as provide a critical role in the supply chain for other OEMs in aviation/aerospace, brewing & distilling, specialty food processing, and automotive.
• Additive and subtractive machining of metals and plastics, advanced welding and metal fabrication, specialty metals casting, production printing and publishing, as well as specialized machinery and equipment.
• The largest employers in this industry group include Precision Cast Parts (PCC) Schlosser, Keith Manufacturing and BasX Solutions.
AVIATION & AEROSPACE
• The production of light aircraft in Central Oregon spans back more than 30 years and over that time, 25 aircraft have moved through the process of design on paper to flight.
• Composite (carbon fiber) fabrication and innovation aircraft are the region’s specialty with world-class talent and capabilities clustered here.
• Some of the most successful flight training programs in the country are located in the region with both fixed-wing and helicopter flight schools that serve the global industry.
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BIOSCIENCE
• Producing everything from titanium implants to cutting edge drug research, our bioscience industry has been experiencing year-over-year double digit employment growth for nearly a decade.
• Quietly, Central Oregon’s bioscience industry has proven capable of attracting worldclass scientific and technical talent that has made companies here competitive on a global scale.
• Swiss-based pharmaceutical research and manufacturer Lonza is the largest bioscience company in the region, and among the largest in Oregon, with two campuses and additional operations scattered across Bend.
BREWING & DISTILLING
• Central Oregon is home to breweries both large and small, with Deschutes Brewery’s production placing it in the top 10 largest craft breweries in the U.S.
• For Oregon, which has 312 craft breweries, nearly one-third of the largest 30 brewers by volume, are located in Central Oregon – testimony to the quality of product produced here.
• The region is also home to a dozen craft cideries and distillers, two of which Bendistillery and Avid Cider, are the second largest in the state.
#3 BEST U.S. CITIES FOR BEER LOVERS
#3 LEADING HOP PRODUCTION STATE
#3 BREWERIES PER CAPITA IN THE U.S.
-STATISTA, 2020
-CRAFTBEER.COM, 2020
-C&R RESEARCH, 2019 FOUNDATIONS OF CENTRAL OREGON’S ECONOMY 27 37 edcoinfo.com - Page 17
BUILDING PRODUCTS
• After 100+ years and considerable structural change, the building products industry is still Central Oregon’s largest traded-sector employer.
• Businesses in this sector compete and win on a global scale, innovating and automating their way to becoming leaders in their respective sub-industries including manufacture of wood doors and windows, mouldings, cabinetry, furniture and musical instruments.
• The region’s largest manufacturer and second largest private employer, Brightwood Corporation, is based in Madras, but is now a truly regional employer with operations in Redmond, Culver and Prineville.
OUTDOOR GEAR & APPAREL
• Diverse group of businesses in a variety of subsectors including rock climbing, water sports, hydration, hiking and backpacking, recreational vehicles, outerwear, and software.
• The region is also home to the Oregon Outdoor Alliance (OOA) and Oregon’s Office of Outdoor Recreation, both which are dedicated to connecting and cultivating the industry.
• The country’s first dedicated startup accelerator for the industry, Bend Outdoor Worx, is located in Bend.
BEST MULTI-SPORT TOWN IN THE U.S. - OUTSIDE MAGAZINE, 2017 59 67 Page 18 - Economic Development for Central Oregon
FOUNDATIONS OF CENTRAL OREGON’S ECONOMY
PROFESSIONAL SERVICES
• More and more, professional services are exported out of the tri-county region including engineering, architecture, accounting, HR and recruitment, creative services, marketing, advertising, and publishing among others.
• The creative, marketing and advertising subsectors of this industry are particularly strong in Central Oregon with firms providing world-class services in a variety of industries.
TECHNOLOGY
• Including software companies, electronics manufacturers, alternative energy R&D and production, and data centers, the region has over 130 tech companies employing nearly 3,000 people.
• Five dozen software companies call the region home, more often than not locating their headquarter operations here.
• Prineville has a growing national data center hub, home to Facebook’s largest U.S. data center campus (4.6 million square feet and growing) and Apple across the street, due to the innovative infrastructure, affordable industrial land, multiple telecom carriers for redundancy, desert climate for optimal efficiency, and globally compeitive tax incentives.
FOUNDATIONS OF CENTRAL OREGON’S ECONOMY #5
FOR 5-YEAR HIGH TECH GDP GROWTH -MILKEN INSTITUTE, 2020
56 59 edcoinfo.com - Page 19
Central Oregon is blessed with a rare mix of city amenities and restful isolation. It offers the slower speed of a small town with a medical community and infrastructure not normally seen in a region of its size. Additionally, Central Oregon residents maintain a work/life balance that is difficult to achieve elsewhere.
#1
TOP 100 BEST PLACES TO LIVE IN AMERICA
#3
MOST FITNESS FRIENDLY PLACE IN THE U.S.
#7 SMALL CITIES FOR BUSINESS
BEST PERFORMING SMALL CITY FOUR YEARS IN A ROW!
#8 BEST PLACES TO LIVE IN THE U.S.
30 Golf Courses
Miles and Miles of Trails
Flourishing Arts & Culture Scene
32 Breweries & Counting
300 Days of Sunshine
LIFESTYLE
-MILKEN INSTITUTE, 2016, 2017, 2018 & 2019
-FORBES, 2019
-MONEY, 2019 & LIVABILITY, 2020
AND CAREERS
-NEW YORK POST, 2016
T.
-AFAR, 2020
M
BACHELOR AMONG BEST SKI AREAS IN THE U.S.
-SMARTASSET, 2021
Page 20 - Economic Development for Central Oregon
ABOUT EDCO
Founded in 1981, EDCO is a non-profit corporation supported by private and public members and stakeholders. Our mission is to create a balanced and diversified economy with a strong base of middle-class jobs in Central Oregon.
To do this, we focus on helping companies do the following:
MOVE. We guide employers outside the region through the relocation process as a resource for regional data, incentives, talent, site selection, and more.
START. We mentor and advise scalable young companies from concept to exit on issues such as access to capital, critical expertise and business strategy.
GROW. We partner with local traded-sector companies to help them grow and expand.
Cascade
Central
Central
City
City
City
City of Prineville
City of Redmond
City of Sisters
Combined Communications
Crook County
Deschutes County
First Interstate Bank
Jefferson County
Mid Oregon Credit Union
OSU-Cascades
Pacific Power
PacificSource Health Plans
Schwabe, Williamson & Wyatt
SGA CPA’s St. Charles Health System
U.S. Bank
Additional information available at EDCOINFO.COM
• Upcoming networking events, luncheons, conferences, and more
• EDCO Info Hub: current comprehensive data for Central Oregon
• Stable of Experts: a network of seasoned professionals with a passion for start-ups and small businesses
• Success stories from regional businesses
• Business news on EDCO’s
Fiscal Year Companies Jobs (New & Retained) New Capital Investment 2018 - 2019 2016 - 2017 2014 - 2015 2017 - 2018 2015 - 2016 2019 - 2020 Totals 23 44 35 28 36 39 205 240 776 594 240 266 401 2,517 $58.4 million $600.5 million $102.6 million $192.6 million $24.2 million $55.7 million $1.01 billion AmeriTitle BendTel
blog
Natural Gas
Electric Cooperative
Oregon Community College
of Bend
of La Pine
of Madras
EDCO Contact Information Regional Office (Bend) CEO: Roger Lee Director: Don Myll 705 SW Bonnett Way, Ste. #1000 Bend, OR 97702 541.388.3236 Redmond Sr. Director: Jon Stark 411 SW 9th Street, Ste. #203 Redmond, OR 97756 541.923.5223 Prineville/Crook County Director: Kelsey Lucas 510 SE Lynn Blvd. Prineville, OR 97754 541.233.2015 Sisters Director: Caprielle Lewis 520 E Cascade Street Sisters, OR 97759 541.977.5683 Sunriver/La Pine Director: Patricia Lucas 16345 Sixth Street La Pine, OR 97739 541.536.1432 Public Contracts EDCO’S
Sources Private Members Earned Revenue Other 44% 33% 22% 2% EDCO’S RESULTS edcoinfo.com - Page 21
Velox Systems EDCO Platinum Members
Funding
EDCOINFO.COM #EDCOINFO @EDCOINFO 705 SW BONNETT WAY SUITE 1000 BEND, OR 97702 541.388.3236