City of Portland: WHY PORTLAND? 5-Year Economic Development Strategy
The Opportunity: Portland can be the capital of the global green economy • Existing concentration of firms in clean tech and sustainable industries. • Influx of “creative class” talent • Years of recognized leadership in all facets of sustainable living – green building, transit, land use, recycling, bicycle use. • Supportive state and local policy environment Portland Ground: Pictures of Portland Oregon www. portlandground.com
The Challenge: Portland’s economy exhibits real weaknesses due to vexing challenges • Higher unemployment • Higher poverty rates • Lagging median income • Sluggish central city job growth • Inconsistent funding for higher education • Inconsistent institutional collaboration and alignment • Lack of investment in economic development Portland Ground: Pictures of Portland Oregon www. portlandground.com
The Premise: Portland’s emphasis must shift to investment in economic development Portland Ground: Pictures of Portland Oregon www. portlandground.com
Three Tenets of the Economic Development Strategy • Maximize Competitive Environment • Drive Urban Core Innovation • Stimulate Small Business Vitality Portland Ground: Pictures of Portland Oregon www. portlandground.com
How does the Economic Development Strategy Map onto New Central City Urban Renewal Area? Central City Job Creation Drive firm location and expansion decisions Alignment with Higher Education/PSU Fulfill MOU Centers of Excellence Next Generation Built Environment Living Building Eco-districts
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