Welcome! Login | Register

Chanel Fashion Designer Lagerfeld Passes Away at 85—Chanel Fashion Designer Lagerfeld Passes Away at 85

5 Questions On The Trail Blazers In The 2nd Half Of The Season Answered—5 Questions On The Trail Blazers In The…

Winterhawks Win Weekend With 3 & 3 Plus A Pair of Hat Tricks For Blichfeld—Winterhawks Win Weekend With 3 & 3 Plus…

Working Out With Kids—Working Out With Kids

Not All Emergencies Need a 911 Call – “Sunday Political Brunch” - February 17, 2019—Not All Emergencies Need a 911 Call –…

Seahawks’ Draft Prospects – Wide Receivers—Seahawks’ Draft Prospects – Wide Receivers

Anatomy Of A GOAT: Championships, Context, And David Foster Wallace’s ‘String Theory’—Anatomy Of A GOAT: Championships, Context, And David…

Fit for Life: Til Death do us Part—Fit for Life: Til Death do us Part

Can The Alliance Of American Football Find More Success Than The XFL?—Can The Alliance Of American Football Find More…

5 Questions On NBA All-Star Weekend Answered!—5 Questions On NBA All-Star Weekend Answered!


Portland Business Alliance Releases Economic Check-Up

Friday, December 11, 2015


The Portland Business Alliance released its sixth Economic Checkpoint, an annual look at the economic health of the Portland metro region, on Thursday. According to the report, jobs are on the rise in the region, but median household incomes are lagging behind.

According to the report from the Business Alliance, Portland is adding jobs faster than many of its neighbors and peers.

“When the recession began in 2007, Portland metro fell faster and harder than comparable metro regions across the U.S. And when recovery began in 2009, the region grew jobs faster than the national average,” the report reads. 

Of Portland’s “peer cities,” which include St. Louis, Missouri, Cincinnati, Ohio, Sacramento, California and Salt Lake City, Utah, cities which five years ago had economic and population characteristics similar to Portland, only Salt Lake City added more jobs since 2009. 

When compared to Portland’s “aspirational regions,” which include Seattle, Denver and Minneapolis, metros that Portland frequently looks to for best practices, Portland also did well. It has surpassed Minneapolis ingot growth over the past five years.

According to the report, those jobs gains have been stimulated by growth in education,  hospitality and business services.

“Looking at employment changes since 2008, however, the largest gains have been in the professional/business services, education/health services, leisure/hospitality and trade/ transportation/utilities categories,” the report reads. “Together, those sectors account for 75,400 new jobs in the region and they are responsible for the overall employment gain in the regional economy. Manufacturing, financial activities and construction – though growing now – still have not recovered the jobs lost during the recession. Construction, in particular, continues to lag with a net job loss of 4,300 since 2007.”

However, median income in the region remains a “nagging concern.”

“The first Value of Jobs Economic Check-Up in 2010 uncovered a troubling trend in the Portland-metro economy: the region’s per capita income started to decline more than a decade before the Great Recession began, falling below the national average for metro areas in 2007,” the report reads. “The Value of Jobs Coalition adopted a goal of achieving a per capita income that exceeds the national average for metro areas, which mirrored a statewide goal in the Oregon Business Plan. By 2014, the regional goal had not been met. Portland-metro’s per capita income was 96 percent of the national average for metro areas at $45,794. That put the region $1,821 below the national average for metro areas, $47,615.”

Sandra McDonough, President & CEO of the Portland Business Alliance said that the report “shows clear strengths,” but also stresses the need to reign in the City’s cost of living.

“Our region has some clear strengths. We’re growing private-sector jobs and productivity and exports remain strong, largely due to electronics and semiconductor manufacturing,” McDonough said. “However, it’s concerning to see that household incomes still have not rebounded as jobs have come back and that affordability is becoming a bigger challenge. This has implications for our economy, and for working families who are trying to stay afloat, buy homes, or put kids through college. It’s critical that we keep our collective focus on growing quality middle-wage jobs.”


Related Slideshow: Slideshow: Oregon Receives Average Ranking for Business Climate

The state of Oregon is neither the best nor worst state to run a company, according to data pulled from nationwide business publications and testimonies from Oregon business owners.

Prev Next


Oregon receives a C+ grade for its overall friendliness to small businesses, according to a new survey conducted by Thumbtack.com and the Kauffman Foundation.

The study, drawing upon over 12,000 pieces of data, provides new insights about the nation’s business climate using a state by state approach. Click here to read the full article.

Photo Credit: GoLocalProv.com

Prev Next


Top States for Business 2014

Oregon Ranking: 22

The survey notes Oregon’s “idyllic quality of life [and] healthy economy” but also its “struggling education system and high cost of living.” Read more here.

By Jim.henderson (Own work) [CC0], via Wikimedia Commons

Prev Next


Best States for Business and Careers

Oregon Ranking: 19

Over the past 5 years, Oregon's economy has grown steadily, up 2.8% annually, which is the second best growth in the U.S. The state’s outlook is just as strong, with a forecasted 3.2% expansion per year. Read more here.

Photo Credit: Jim Larrison via Compfight cc

Prev Next

Chief Executive

Best States for Doing Business 

Oregon Ranking: 38

Notable Quote: “Oregon is going to kill the small business owner’s incentives to remain in the state if the 13.6% maximum state income tax passes in November of 2014. Many of the successful small business owners will relocate to Washington state (0% income tax) or other states.” Read more here.

Photo Credit: GoLocalProv.com

Prev Next

Tax Foundation

Tax Climate

Oregon Ranking: 12

High income and corporate tax rates are balanced out by low sales and property tax figures, putting Oregon in the #12 spot according to the Tax Foundation’s State Business Tax Climate Index system. 

"The Tax Foundation’s 2014 edition of the State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states’ tax systems compare." Read more here.

Photo Credit: GoLocalProv.com

Prev Next


Best States to be a Taxpayer

WalletHub analyzed how state and local tax rates compare to the national median in all 50 years.  . Eight different types of taxation were compared to determine the following:  

"1) Which states have the highest and lowest tax rates; 2) how those rates compare to the national median; 3) which states offer the best tax rates when adjusted by the cost-of-living index."

Oregon Rank: 40

0% sales tax and the nation’s lowest alcohol tax are overcome by high income and gasoline taxes. Read more here.

Photo Credit: GoLocalProv.com

Prev Next


Economic Outlook for 2014

Oregon Ranking: 42

The 2014 economic outlook ranking helps determine how each state can expect to perform economically based on 15 policy areas that are proven determinants of economic success. Read more here.

Photo Credit: GoLocalProv.com

Prev Next

US Chamber of Commerce Fo

This report goes state by state, addressing individual topics like Business Climate, Innovation and Entrepreneurship, Infrastructure, and Talent Pipeline.

Oregon receives an above average ranking, including a top-spot ranking in Productivity Growth, which indicates a state's shift toward higher-value jobs and industries. Read more here.

Photo Credit: GoLocalProv.com

Prev Next

PEW Charitable Trusts

Oregon is among ten states to have the highest growth rates, according to Moody’s analytics.

Fast Job Growth Outlook Ranking: 7th

Job outlook is particularly strong out West, including Oregon. Categories like steady home construction, increasing levels of investment in high tech and the aerospace industry, and trade with Asia all are strong contributors to the positive forecast. Read more here.

Photo Credit: GoLocalProv.com


Related Articles


Enjoy this post? Share it with others.



Stay Connected — Free
Daily Email