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Central Oregon business people are looking at the debt ceiling talks, and like many others they are also expressing their frustration. Compass Commercial President and partner Darren Powderly says there is obviously a lot at stake with the possibility of a drop in our credit rating: “The main discussion has been around the cost of borrowing, and what that would mean for small businesses across America.  And what that would mean for small businesses here in Central Oregon which would put further downward pressure on an already beat up segment of the industry.” Powderly says low interest rates have probably been keeping us out of a double dip recession, depending on the loan. Powderly says they are historically low at 3, 4, 5 and percent: about 2% to 3% lower that they were about 5 years ago. 

 

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Construction at 27th Street and Bear Creek Road and 27th near Medical Center Drive. Single lane 6a – 10p.

 

  • Lane Closure on Riverside Blvd. >< Broadway St. and Louisiana Ave 8am – 5pm (12/5 & 6)

 

 
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