Oregon’s Small Businesses Face a New Bankruptcy Surge

The state has seen a sharp rise in company bankruptcies, climbing 25 % last year to the highest level since 2013.

Key Highlights

• Oregon’s rate is almost four times the national average.
• Nationwide, many people and firms are filing for bankruptcy.
• High interest rates and inflation are squeezing consumers.
• Global political tensions add to the strain on businesses.

Impact in Oregon

• Layoffs have exceeded those of the Great Recession.
• Cuts at big names like Nike and Intel are affecting smaller suppliers.
• Tax burdens on Oregon companies add extra pressure.
• The lingering impact of the pandemic in Portland compounds challenges.

Comparative Numbers

• A January snapshot shows commercial bankruptcies up 76 % nationwide from a year earlier, hinting that the trend could continue.

Bottom Line

While one month doesn’t prove a lasting pattern, it is clear that businesses across the country are facing tough challenges.