FOR IMMEDIATE RELEASE

September 8, 2010

Contact: Michael Cox (503) 986-1904

 

 

SALEM – House Democratic leaders today reacted to the news that the workers’ compensation “pure” premium rate will decrease 1.8 percent in 2011.  House Democratic leaders praised Oregon’s workers’ compensation system for being affordable, predictable and fair to workers. 

 

“Oregon continues to be one of the most business-friendly states in America,” said Speaker Dave Hunt (D-Clackamas County). “Low workers compensation premiums, stable unemployment insurance rates, low corporate taxes including the single sales factor, and our overall livability are why companies like Genentech, Vestas, Fed-Ex, Facebook, Intel, and other businesses are adding thousands of new jobs in Oregon. This workers' compensation premium rate cut is yet another positive economic sign for our state.”

 

“This is good news for Oregon businesses and Oregon workers,” said House Majority Leader Mary Nolan (D-SW Portland).  “As premium rates have decreased dramatically over the years, benefits have improved, making Oregon a smart place to work and do business.”

 

“This is another important factor that contributes to business success here in Oregon,” said Representative Tobias Read (D-Beaverton), Chair of the House Sustainability and Economic Development Committee.  “An affordable and predictable workers’ compensation system is important for business planning, and is useful for recruiting new businesses to Oregon.  We can talk proudly to the rest of the world about our workers’ compensation system.” 

 

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