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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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  • North 3rd St >< Division and O.B. Riley Rd, single lane N-Bound (6/15-8/30)
  • South 3rd St >< Wilson and Reed Ln, single lane closures South Bound 5a-2p (8/30)
  • Construction at 27th Street . Northbound Lane Closed from Ferguson to Bear Creek.  Detour in place.
  • O.B. Riley Road South-bound lane closed south of Mervin Samples Rd (12/17)
  • Butler Market East-bound lane closed E of 4th St. for sewer construction. (12/17)