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|Thursday, April 18, 2013|
BY BRANDON SAWYER | OB RESEARCH EDITOR
While residential flight to the suburbs ebbed in the last decade or two amid urban gentrification, most jobs are still migrating outward. Today the Brookings Institution released a report, Job Sprawl Stalls: The Great Recession and Metropolitan Employment Location, showing jobs continued to radiate away from urban cores since the year 2000, despite the recession’s harsh effects on sprawl-prone industries like construction, retail and manufacturing.
In an accompanying release, report author and Brookings fellow Elizabeth Kneebone says, “Building a healthy and sustainable regional economy is not just about growing jobs, but also about where those jobs locate. Low-density, sprawling development can lead to increased energy consumption, strains on infrastructure, longer commute times, and greater challenges connecting workers to employment.”
In Portland’s metro area, a measly 2,963 total jobs were added (+0.3%) during the entire decade, yet the area 10 to 35 miles away from its central business district (CBD) gained 27,556 jobs (+3.1%), largely because 5,119 jobs were lost (-0.8%) in the area 3 to 10 miles from the CBD. The three-mile city core lost 19,474 jobs (-2.3%).
Presumably, factors that contributed to this flow include employers moving workforces to the outer reaches and more new businesses starting up there, as well as layoffs and closures close to the CBD. So as ever more residents living downtown or in inner Northeast Portland find themselves commuting out to suburban campuses of like Nike and HP, they are retracing in reverse their forbears path who once commuted to jobs in the city from ranch homes in Beaverton or Wilsonville.
Portland does compare somewhat favorably to the nation in terms of job sprawl. Just 29.5% of its 2010 jobs were 10-35 miles from the CBD versus 43.1% for the 100 largest U.S. metros. The bulk of Portland’s jobs, 46.8%, were 3-10 miles out, versus 34.1% nationally; 23.8% of Portland jobs and 22.9% of 100-metro average jobs were in the inner three miles. Western neighbors San Jose, Las Vegas and Salt Lake City were among the top five most job-centralized metro areas.
In the current decade, efforts to encourage bringing jobs back to its core could go a long way toward achieving Portland's goals of greater sustainability, infrastructure efficiency and economic vitality.
Research editor Brandon Sawyer digs heaps of data about privately-held and public companies, economics and industries.
Wednesday, August 06, 2014
BY LINDA BAKER | OB EDITOR
Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Wednesday, August 13, 2014
BY TOM COX | OB BLOGGER
When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”
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How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.
Vanessa Sturgeon and Miller Nash LLP were selected as leaders in encouraging female advancement.