ECONorthwest Profiled by the Portland Business Journal

Posted on September 15, 2008 in by Ann Hollingshead

The Portland Business Journal calls an economic study from ECONorthwest "de rigueur" for "any company or industry seeking information on its scope and impact."

This week, the Portland Business Journal published a profile of ECONorthwest, noting the firm "has woven itself firmly into the fabric of Oregon life." The Journal calls an economic study from ECONorthwest "almost de rigueur for any company or industry seeking information on its scope and impact" and quotes Bob Lanier, executive director of the Oregon Bioscience Association, who calls ECONorthwest "the gold standard."

The article also speaks to ECONorthwest's reliability, accuracy, and reputation for unbiased, thorough economic analysis. The article recalls a 2004 report, in which the University of Oregon asked ECONorthwest to study the economic feasibility of a new basketball stadium. The Journal notes that "ECONorthwest projected that an arena would generate $4.1 million in annual revenue, far below a projection of $10.5 million to $16.1 million that another firm, CSL International, came up with in 2007." The Journal quotes John Tapgogna, President, who notes that despite the fact that a principal of the firm is a University of Oregon professor, "the fact that the firm nonetheless came up with figures that seemed appropriately conservative was 'a shining moment.'"

You can read the rest of the review from the Portland Business Journal, here.