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About Hermiston herald. (Hermiston, Or.) 1994-current | View Entire Issue (May 6, 2015)
BUSINESS WEDNESDAY, MAY 6, 2015 A4 HERMISTONHERALD.COM Send submissions or story ideas for the Herald Business page to Editor Jessica Keller, jkeller@hermistonherald.com Improving millennials’ ¿QDQFLDOOLWHUDF\ZLWK mobile technology T he 2015 Financial Literacy Summit 2015 (http://www. practicalmoneyskills. com/summit2015/), held April 15 in Chicago and co-hosted by Visa Inc. and the Federal Reserve Bank of Chicago, focused on how mobile technology might improve millennials’ learning, savings and investing behavior in the future. A recent FICO study said millennials, the demographic born between 1980 and 2000, not only represent the largest group of individuals using mobile banking applications, but also the biggest cohort partaking in Internet browsing, emailing, searching, social networking and news consumption on a smartphone or tablet, bypassing desktop machines entirely. By comparison, only 5 percent of 35-54 year- olds and 3 percent of those 55 years and older are using mobile devices exclusively. The Summit audience heard particularly eye-opening insights from a panel on how early education and mobile technology applications can help build future generations’ ¿QDQFLDOOLWHUDF\:KLOH online gaming (http:// practicalmoneyskills. com/games/) is showing particular success in training grade- and high- school age students in ¿QDQFLDOIXQGDPHQWDOV panelists suggested that the broader solution will depend on national educational policy and a broader understanding about young adults and WKHLU¿QDQFLDOQHHGV Amando M. Tetangco, Jr., governor of Bangko Sentral ng Pilipinas, the central bank of the Philippines, told the audience that young Filipino adults are “struggling more than their older counterpart groups with regard to budgeting” and retirement planning, but he said he is still optimistic. “I believe there are certain characteristics of millenials that provide opportunities WREXLOG>WKHLU¿QDQFLDO capabilities],” he said. “They have a desire for change.” Such change, he said, should be driven by data and policy should be made personal and tied to technology solutions embraced by younger citizens. Panelist Jason Young, CEO and co-Founder of MindBlown Labs, an Oakland, California- based software developer behind the Thrive ‘n’ 6KLQHSHUVRQDO¿QDQFH game app for teens and young adults, said mobile -$621$/'(50$1 MONEY MATTERS Visa columnist technology will bridge WKHJDSEHWZHHQ¿QDQFLDO literacy and a lifetime RIVXFFHVVIXO¿QDQFLDO decision making. “Eighty to 90 percent of U.S. teens have smart devices,” he said. “That’s huge, but the important thing to understand is that these aren’t just things they use. They’re a way of life.” Developing a stronger connection EHWZHHQ¿QDQFLDO literacy education and mobile technology FRXOGEHEHQH¿FLDOIRU global educators and policymakers trying to improve spending, saving and investing knowledge for future generations. In January, the Organization for Economic Cooperation and Development UHOHDVHGD¿UVWWLPH JOREDO¿QDQFLDOOLWHUDF\ study (http://www.oecd. RUJSLVDNH\¿QGLQJVSLVD 2012-results-volume-vi. htm) that revealed that U.S. students ranked between eighth and 12th place among all 18 participating countries in overall literacy skills. Bottom line: Focusing on the way under-35 consumers use smartphones and tablets might provide a way IRUHGXFDWRUV¿QDQFLDO services companies and policymakers to narrow WKH¿QDQFLDOOLWHUDF\JDS — Jason Alderman GLUHFWV9LVD¶V¿QDQFLDO education programs. To Follow Jason Alderman on Twitter: www.twitter. com/PracticalMoney Bottom line: Focusing on the way under-35 consumers use smartphones and tablets might provide a way for educators, financial services companies and policymakers to narrow the financial literacy gap Great Clips employee Jonathon Martin, right, cuts Matt Dyal’s hair Monday at the new business in Hermiston. SEAN HART PHOTO Great Clips opens in Hermiston 1RRNLQ6WDQ¿HOG “Just working for the company for as long as I have before this — it’s Location: 826 S. Highway 395, Hermiston Plaza a successful business as Hours: 9 a.m. to 7 p.m. Mondays through Fridays (9 a.m. to 9 p.m. after long as you have a great grand opening) WHDP´ &ODXVHQ VDLG ³:H 9 a.m. to 6 p.m. Saturdays have a really good team so BY SEAN HART Noon to 5 p.m. Sundays IDU :H QHHG D IHZ PRUH HERMISTON HERALD Phone: 541-303-1501 but, with the six of us that The new Great Clips we do have, we’re all pret- franchise in Hermiston of- ing it, the couple agreed. even check in online be- ty much a family, and we fers walk-in haircuts for the all get along well.” “I think we’ve got a fore arriving at the salon. whole family. She said, before the sa- good location,” she said. Green said the business Owner Amber Green, “So far, we’ve had great currently has six stylists lon opened, people were Tri-Cities, said she was ex- feedback from the cus- but is seeking two more already stopping in hop- FLWHGWRRSHQKHU¿UVWEXVL- tomers at the salon. I think before hosting a grand ing to get haircuts, and she ness last week in Hermis- it’ll be a great place for opening and expanding its WKLQNVWKHKLJKWUDI¿FSOD- ton. people to come get their hours. She said, however, za will be a great location. “My husband’s always hair cut.” Great Clips is currently she is very pleased with wanted to do a franchise,” open from 9 a.m. to 7 p.m. The business offers the current employees. VKHVDLG³:KHQZHPHW, haircuts, styling, perms ³:H¶YH JRW D UHDOO\ Mondays through Fridays, worked at Great Clips. He and conditioning treat- good staff that we’ve got 9 p.m. to 6 p.m. Satur- actually proposed to me at ments but no coloring or hired,” she said. “A great days and noon to 5 p.m. a Great Clips while I was waxing. Green said, by manager, a good staff, so Sundays at 826 S. High- working.” not coloring customers’ we’re really excited about way 395 in the Hermis- :KLOH VHDUFKLQJ IRU hair, people are able to get it.” ton Plaza. After the grand a location to open their quick walk-in service. Manager Leslie Clau- opening, the business will own franchise, a real es- To save even more sen has previously worked remain open until 9 p.m. tate agent recommended time, people can see the for Great Clips for six on weekdays. For more a storefront in the Herm- wait times for service on years and most recently information, call the sa- iston Plaza, and, after see- greatclips.com and can worked at the Main Stylin’ lon, 541-303-1501. Hair salon offers quick, walk-in service Great Clips now open SEAN HART PHOTO Leslie Clausen, manager of the new Great Clips in Hermiston, said the business offers walk-in haircuts with quick service. Clau- VHQKDVSUHYLRXVO\ZRUNHGIRU*UHDW&OLSVIRUVL[\HDUVDQGPRVWUHFHQWO\ZRUNHGDWWKH0DLQ6W\OLQ·1RRNLQ6WDQÀHOG BUSINESS BITES Guardian Angel Homes hosting groundbreaking Guardian Angel Homes in Hermiston is hosting a groundbreaking ceremony for its new Memory Care homes specializing in the care of individuals with Alzheimer’s or dementia. This event will take place at 3 p.m. May 14 on the back patio of Guardian $QJHO +RPHV 1: WK 6W +HUP- iston. The public is welcome and invited to attend this community event. Call 541- 564-9070 for more information. Latino Business Network meeting planned The Hermiston Chamber of Commerce Latino Business Network will meet at 9 HermistonHerald VOLUME 109 ɿ NUMBER 30 JESSICA KELLER EDITOR jkeller@ hermistonherald.com 541-564-4533 a.m. May 13 at the Hermiston Conference Center, 415 S Highway 395. Kevin Jeffries, consumer liaison for the State of Oregon Insurance Division and Department of Consumer & Business Services, will be the special speaker. The Oregon Insurance Division has created a consumer guide to help small business- es navigate the word of insurance and risk-management, and Jeffries will speak To contact the Hermiston Herald for news, advertising or subscription information: • call 541-567-6457 • e-mail info@hermistonherald.com • VWRSE\RXURI¿FHVDW(0DLQ6W • visit us online at: www.hermistonherald.com SEAN HART REPORTER smhart@ hermistonherald.com 541-564-4534 6$0%$5%(( SPORTS REPORTER sbarbee@ hermistonherald.com 541-564-4542 ANNUAL SUBSCRIPTION RATES Delivered by carrier and mail Wednesdays and Saturdays ,QVLGH8PDWLOOD0RUURZFRXQWLHV .........................$42.65 2XWVLGH8PDWLOOD0RUURZFRXQWLHV ......................$53.90 JEANNE JEWETT MULTI-MEDIA CONSULTANT jjewett@ hermistonherald.com 541-564-4531 about options for business owners. The chamber’s vision is to promote, educate and support Latino businesses in the greater Hermiston area through net- working, advocacy and business commu- nity partnership. Coffee and donuts will be served at the meeting. For more information about the Lati- no Business Network, call chamber CEO Debbie Pedro at 541-567-6151. The Hermiston Herald (USPS 242220, ISSN 8750-4782) is published twice ZHHNO\DW+HUPLVWRQ+HUDOG(0DLQ6W+HUPLVWRQ25 567-6457, FAX (541) 567-1764. Periodical postage paid at Hermiston, OR. Postmaster, send address changes to Hermiston Printed on +HUDOG(0DLQ6W+HUPLVWRQ25 recycled newsprint $PHPEHURIWKH(20HGLD*URXS&RS\ULJKW .,0/$3/$17 OFFICE COORDINATOR klaplant@ hermistonherald.com 541-564-4530