2.81 out of 10 in Taxation and Regulation
5.48 out of 10 in Workforce Quality
7.19 out of 10 in Living Environment
Rapid Growth and Expansion in Apparel Manufacturing
The Beaver State has had one of the healthiest economies in the nation for the past few years with growth in multiple sectors. It remains the Silicon Valley for the outdoor and apparel industry, home to such companies as Columbia Sportswear, Nike and Adidas North America. The manufacturing sector is being driven by the Oregon Manufacturing Innovation Center, which opened in Scappoose in January as a partnership between state government, higher education and industries. The OMIC will promote research and development and training in the industry.
From the Governor
“Oregon continues to show the world that our state is a great place to live, visit, and do business. Oregon businesses and workers develop world-class products and ideas—and that’s something to celebrate.” —Gov. Kate Brown
Daimler Trucks North America
Adidas North America
Great Ajax Corp.
Enterprise Zone: Offers local tax exemptions on property and equipment for three to five years for companies investing and hiring in an enterprise zone. Many zones also offer special incentives for investments in qualifying rural facilities or in electronic commerce operations.
Business Expansion Program: Offers a cash-based forgivable loan equivalent to the estimated increase in personal income tax revenue from hiring over two years.
Oregon Investment Advantage: Offers income tax reduction over several years for new operations in the state.
Strategic Investment Program: Exempts a portion of very large capital investments from property taxes for 15 years.
Business Oregon: oregon4biz.com
Oregon Economic Development Association: oeda.biz
Prosper Portland: prosperportland.us
Strategic Economic Development Corp.: sedcor.com
Highlighted Program or Initiative
WorksSource Oregon is a statewide network of public and private groups that helps employers and workers connect. Train Oregon, its free online training program, offers residents access to thousands of hours of career preparatory and training content to build skills.
- Daimler Trucks North America announced in April 2016 it will invest $150 million to expand its corporate headquarters in Portland and add 400 new jobs.
- Amazon announced in September 2017 it will invest $2.7 billion over the coming years to launch three new fulfillment centers in the state that will create 3,500 new jobs.
- Mary’s Harvest Fresh Foods announced in August 2017 it will invest $16 million in a new facility and add 100 new jobs.
- Cascades announced in July 2017 it will open a $64 million, 284,000-square-foot facility in Scappoose and will create 70 new manufacturing jobs.
- Mitsubishi Gas Chemical announced in October 2017 it will invest $34 million in an automated chemical processing plant in Forest Grove.
Seven Fortune 500 companies headquartered in state:
StanCorp Financial Group
Schnitzer Steel Industries
“There is a large pool of technical talent in Portland with the kind of skills we need; it is close to a wide range of outdoor activities; it is an incredible place to live and an easy place to recruit workers.” —Matt Tucker, co-founder, Jive Software
“The food is better in Portland, I never have to drive and the coffee and beer blow the Bay Area’s out of the water.” —Gino Zahnd, CEO, Cozy Software