Fiscal calamity or a decade of budget austerity loom for Oregon as the recession leaves thousands of Oregonians jobless and the demand for government money outpaces its ability to pay for services, business and political leaders agreed on Monday.
The Oregon Business Plan's seventh annual leadership summit got under way this morning with the theme of breaking from business as usual. This theme comes despite major similarities between the state economy now in 2010 and in 2002 when the first summit was held.
Google's head of consumer marketing has nothing but nice things to say about Portland. “We chose Portland because it has the perfect demographic, in terms of entrepreneurs and technology," says Bernardo Hernandez. "It’s dense, it’s fun, it’s lively. There’s a real community dynamic. It’s a younger crowd. And the weather is really good for this time of the year.”
Boeing anticipates the creation of 300 jobs and $14 million in annual impact in Oregon if the company wins its bid to build the Boeing NewGen Tanker for the U.S. Air Force.
The City of Portland Economic Development Strategy has a goal of creating 10,000 jobs within the next five years through an industry cluster strategy. The initiative has fostered some promising projects for job growth within the Portland metro area.
Once upon a time, there was a country where bankers, fed up with regulation, dissatisfaction, and downright hostility,... went on strike, not once, but three times. That country was Ireland, as economist Umair Haque points out in a compelling parable highlighted by University of Oregon economist and guest blogger Mark Thoma.