The Portland Oregon business climate is true dichotomy. There is a great deal of business innovation, however, very high taxes and major business restrictions make Portland a less than attractive location for established businesses. The Covid-19 situation in 2020 created severe hardships for small businesses, with several closing permanently.
The following is information from the Oregon Business Report.
As the U.S. economy expands more Americans are thinking of starting their own business. Oregon can be a great place to start a business, but also has some challenges they may make a potential entrepreneur think twice about opening shop in the state. Three things that make Oregon a great place for business are the following.
1. Highly educated workforce. In the Portland area, almost half the adult population has a bachelor’s degree or higher. Across the U.S., less than one-third of adults have college degree. Oregon’s growing population is a rich source for customers and clients.
2. Strong start-up community. Oregon's pioneer spirit extends to its DIY culture and a sense of energy to create an independent business. Just Google, "Oregon startup community," and you'll find pages of meetups, resources, and groups.
3. Preference for small businesses in government contracting. Oregon’s Emerging Small Business certification program gives preference to young small businesses in a variety of government contract opportunities—including a large number of municipal contracts and city contracts.
On the other hand, here are three reasons to think twice about starting a business in the Beaver state. These reasons are offered to alert future start-ups of the future challenges ahead so they can be ready. These reasons are also offered to help reveal barriers so that policy makers can address the issues that are preventing more start-ups from being created in Oregon.
1. Lack of capital. Oregon is a great place to start a business, but a hard place to grow one. As a small state living in the shadows of Silicon Valley and Seattle, small but growing firms have a hard time finding the money to scale-up their businesses.
2. High taxes. Oregon has one of the highest rates of personal income taxes in the U.S. The state also has one of the highest capital gains tax rates, which is one reason successful small businesses move their headquarters as they grow larger. Oregon should do all it can to keep Oregon businesses in Oregon.
3. Anti-business climate. The state has costly regulations regarding the minimum wage, paid time off, and the use of contractors which are sometimes more expensive than other states and has shown to increase layoffs. The state’s land use laws (noted for being among the most restricted in the nation) pose a challenge in finding suitable space for larger operations, especially industrial sites.
Oregon is a great place to live and work, but every business is unique. In general, the state is a good place to start a small business, but difficult place to grow into a medium or large sized business. These things should be kept in mind as entrepreneurs consider starting a business in Oregon so they can be fully prepared and successful.
Source: Oregon Business Report.
Here is Wikipedia's summary of business in Portland:
Portland's location is beneficial for several industries. Relatively low energy cost, accessible resources, north–south and east–west Interstates, international air terminals, large marine shipping facilities, and both west coast intercontinental railroads are all economic advantages. Adidas has its North American headquarters in the Overlook neighborhood.
The city's marine terminals alone handle over 13 million tons of cargo per year, and the port is home to one of the largest commercial dry docks in the country. The Port of Portland is the third-largest export tonnage port on the west coast of the U.S., and being about 80 miles (130 km) upriver, it is the largest fresh-water port. The city of Portland is the largest shipper of wheat in the United States, and is the second-largest port for wheat in the world.
The steel industry's history in Portland predates World War II. By the 1950s, the steel industry became the city's number one industry for employment. The steel industry thrives in the region, with Schnitzer Steel Industries, a prominent steel company, shipping a record 1.15 billion tons of scrap metal to Asia during 2003. Other heavy industry companies include ESCO Corporation and Oregon Steel Mills.
Technology is a major component of the city's economy, with more than 1,200 technology companies existing within the metro. This high density of technology companies has led to the nickname Silicon Forest being used to describe the Portland area, a reference to the abundance of trees in the region and to the Silicon Valley region in Northern California. The area also hosts facilities for software companies and online startup companies, some supported by local seed funding organizations and business incubators. Computer components manufacturer Intel is the Portland area's largest employer, providing jobs for more than 15,000 people, with several campuses to the west of central Portland in the city of Hillsboro.
Source: Portland Business From Wikipedia.
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Washougal Washington
Battle Ground Washington
La Center Washington
Ridgefield Washington
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