Credit card companies impose swipe fees on businesses. Many businesses then transfer these fees to consumers, increasing costs.
A survey conducted by the Prosperity Council under Gov. Tina Kotek highlighted concerns among Oregon residents. Most believe that high costs, taxes, and regulations are hindering business growth in the state.
Governor Kotek recognized the difficulties and emphasized the need for deliberate action, saying, We have to be intentional here, to be competitive.
The Oregon Capital Chronicle aims to provide comprehensive reporting on the state’s government, politics, and policies. By addressing these economic issues, the Chronicle seeks to offer valuable insights into the complexities facing local businesses.