Amazing Facts About the City of Lebanon, Oregon, You Must know.
The city of Lebanon is in Linn County, Oregon. The town is to the northwest side of Oregon and southwest side of Salem. Currently, its population is 17417 based on 2020 world meter data.
Historically it was founded in 1847 by the American cart train travelers to pursue land to settle and farm. The name of the city was crafted from its nature of long cedar trees along its river banks. The climate is characterized by warm and dry summers. The mean monthly temperature has never passed 71.6oF. The population present of the city stands at 17417 according to the world meter recent data. Compared to the world population, it constitutes 0.9%. It is rated at position 109 globally by population. The city population density stands at 1728 people per mi2. The majority of its citizens stay in urban. The average age in this city is 29.6 years.
The city boast of over 4760 firms; out of this 1245 are manufacturing companies. Agri-food industries form the lion share at 26.5% of the manufacturing market. Chemical products and construction material firms follow them. The industrial export in 2018 and 2019 was at USD 3.5 billion. Their GDP in 2019 increased exponentially. The economy is services focused. The banking sector and tourism play a major role in boosting the economy. Lebanon has huge public debt due to the government’s commitment to reconstruction efforts. The civil wars have sucked a big chunk of money from the economy. However, they depend on foreign aids to help in strengthening their economy. Regrettably, corruption, high taxes, and bureaucracy have impeded growth rate. There are a lot of commercial activities taking place in the city. There are investment opportunities taking place. Large scale and medium enterprises are steadily growing. The transport sector generates a lot of revenue, and the online space is conducive to advance e-commerce. Websites are selling physically and delivering shop items remotely. Aviation services play a key role in enhancing international trade and travel.
There is an elaborate plan to automate most of the services. The programs are underway to renovate national museums to attract more tourism. The government’s major concern is to reduce the ballooning public debt. This will lift the tax burden on the citizens and revamp on active economy boost.
Lebanon is a city worth your visit. From its diverse and rich history to awesome climate. The industrial investments and uniform growth rate make it stand out as a city in the right trajectory. The city has well-developed parks and recreational facilities. Investors are actively acquiring land to set up multibillion companies. If you want a place to invest, then Lebanon city is place. Visit our offices located at 611 Hansard Ave, Lebanon or call 97355.