Oregon wine sales broke $607 million last year up from $550 million in 2017 according to the Oregon Wine Board. The increase was driven by a 19% increase in direct-to-consumer shipments. Canadians purchased 47,338 cases of Oregon wine in 2018, representing 45% of Oregon’s export sales. Oregon had 793 wineries in 2018, up 24 from 2017. The number of acres planted to grapes totaled 35,972 acres in 2018, an increase of approximately 6%. Pinot noir represents 56% of all planted acreage.
Oregon wood products manufacturing sector jobs have been cut in half since 1990, according to the Oregon Employment Department. Going from 46,100 in 1990 to just 23,000 in 2017. Growth in tourism-related jobs has offset the decline in timber-related ones in some locations. However, In Coos County tourism jobs paid half the $52,000 timber jobs paid. Not all jobs are created equally.
Millennials are changing how we eat. Pizza Hut is selling a gigantic Cheez-It stuffed pizza. The Stuffed Cheez-It Pizza will cost just $6.49. (CNN)
U.S. industrial production grew at 0.4% year over year beating estimates of 0.2%.
Gregory Bryant and Michelle Johnston Holthaus are now executive vice presidents at Intel. Bryant runs Intel’s PC group and is located in Hillsboro. Holthaus runs Intel’s sales, marketing and communications and is a graduate of Linfield. Intel is Oregons largest employer.
With Northwest Quadrant Wealth Management on Troy Reinhart.