July 2008

EDUCATION/WORKFORCE
1. Chambers of Commerce and Worksystems, Inc. Join Forces
2. Oregon University System Budget Request Includes Regional Business Plan Priorities

FREIGHT MOBILITY
3. Columbia River Crossing moves forward

LANDUSE
4. Big Look Task Force releases preliminary recommendations
5. Regional growth forecasts and reserves planning takes shape

ECONOMIC DEVELOPMENT
6. Greenlight Greater Portland releases Prosperity Index
7. U.S. Department of Commerce releases updated export figures



EDUCATION/WORKFORCE

1. Chambers of Commerce and Worksystems, Inc.
Join Forces

Worksystems, Inc. and three Portland area chambers of commerce have entered into a unique partnership to help facilitate school-to-work experiences for both students and employers. The Portland Business Alliance and the Hillsboro and Salem chambers of commerce will each receive funding from Worksystems, Inc.'s WIRED grant to fund the new program.

Funds will be used to hire staff that will work with businesses, schools and students to identify opportunities for school-to-work experiences such as job shadows, site visits, internships and others. The new staff will also compile a database of opportunities and work with teachers and students on how to access and use the database.

"This seemed like an obvious fit," said Sandra McDonough, President and CEO of the Portland Business Alliance. "The new staff will work closely with the chambers and our members to identify opportunities for career-related experiences. It should make the whole process more efficient."

The Oregon Department of Education recently adopted new high school graduation requirements directed at ensuring that all graduating seniors have had experiences in the work environment. Students will now have to demonstrate that they have participated in job shadows, internships and other activities that expose them to the working world.

"One of the top priorities of the Regional Business Plan is to promote business participation in offering students career-related work experiences," said Eileen Drake, Vice President of PCC Structurals and Chair of the Education and Workforce committee of the Regional Plan. "This new partnership will help prepare students for work and give employers a way to efficiently participate in providing students work experiences."

Employers interested in participating in the school-to-work program are encouraged to contact one of the following chambers:

Portland Business Alliance, 503-224-8684
Hillsboro Chamber of Commerce, 503-648-1102
Salem Chamber of Commerce, 503-581-1466

 

2. Oregon University System Budget Request Includes Regional Business Plan Priorities

The Oregon Board of Higher Education announced that they have approved a budget request for 2009-2011 biennium that includes a number of priorities for the Regional Business Plan. The recommendation adopted by the Board calls for a continuation of the 10-year investment strategy begun last legislative session, expansions to meet student population growth and added faculty to reduce student-faculty ratios, among others. Among the budget requests included in the Regional Business Plan approved by the OUS Board were:

  • $250 million from the capital budget for the South Waterfront Life Sciences Center, a proposed multi-university research center and business incubator.
  • Work toward a federal designation of a National Center on Sustainability Research through a request for $7 million.
  • Creation of a $1.6 million PSU University Center at Portland Community College. This Center will broaden access and create options for both transfer and career-technical education and increased bachelor degree attainment for PCC students.
  • Engineering & Technology Industry Council (ETIC) investments of $39.7 million for research, teaching faculty, facilities and pre-college outreach programs.
  • An $850,000 allocation for the Oregon Metals Initiative (OMI) to create increased collaboration between Oregon university research faculty and manufacturers.

The budget request now goes to the Governor for his consideration. If approved by the Governor, the requests would be included in the Governor's budget for consideration by the 2009 legislature. More information can be obtained at http://www.ous.edu/news_and_information/news/071108.php

 

FREIGHT MOBILITY

3. Columbia River Crossing moves forward

The Columbia River Crossing project reached an important milestone, with sponsoring agencies in Oregon and Washington adopting a locally preferred alternative that includes a replacement bridge and light rail, as well as tolls and improved bicycle and pedestrian facilities. The crossing, the largest public works project in the region's history, is a highway, transit and bridge project aimed at improving safety and addressing congestion growth in a 5-mile stretch of Interstate 5. Should this project fail to move forward, congestion on the I-5 bridge and its approaches is expected to increase from 4-6 hours each day to as many as 16 hours each day. The resulting impact to our regional and national economy cannot be overstated. This will limit access to workforce and marketplace opportunities and have negative impacts on our quality of life.

The project now has a green light to move into the Final Environmental Impact Statement phase, which will entail further evaluation, analysis and design of the preferred alternative. This project is one of the most important, complex and costly public works projects in the Pacific Northwest. A broad base of support throughout Oregon and Washington will be necessary to move the project to and through the construction phase. To that end, a Columbia River Crossing Coalition has been formed to demonstrate to federal, state and local officials that a broad community believes the crossing project is essential to the economic prosperity of the region, the west coast and the nation. For more information, or to sign on as a supporter of the Coalition, please visit www.crossingcoalition.com.

 

LAND USE

4. Big Look Task Force releases preliminary recommendations

The Big Look Task Force, created by the Oregon Legislature through Senate Bill 82, has issued preliminary recommendations regarding the future of the state's land use system. The report, "Choices for Oregon's Future", outlines five categories and study areas, including: Resource Lands & Rural Areas; Growth Management; Governance; Economic Prosperity; and Climate Change. Task Force members are conducting public outreach across the state to present and discuss these recommendations. In addition, an online survey is available to solicit public comments. The 46-page report and questionnaire can be viewed by linking to: www.oregonbiglook.org.

 

5. Regional growth forecasts and reserves planning
takes shape

The population of the seven-county Portland Metropolitan Statistical Area (PMSA) is expected to grow steadily over the next 50 years, but at a slower rate than recent trends might suggest. According to revised population projections for our region, published this month by Metro, the PMSA will grow by at least one million more people in the next 25 years from just over two million people currently, showing population projections to be between 3.5 and 4.2 million people by the year 2060. The forecast will be used to inform land use policies, transportation priorities, and infrastructure investments throughout the region.

Among other initiatives impacted by the forecasted growth, a 30-member Reserves Steering Committee, made up of elected officials, public service agencies, business, land-use and environmental interests, has been meeting to identify urban and rural reserves, land located outside the current urban growth boundary that will protect land for urban and natural resource, rural and forest uses over the next 50 years. More information on the process for studying and designating urban and rural reserves can be found online at www.oregonmetro.gov/reserves.

 

ECONOMIC DEVELOPMENT

6. Greenlight Greater Portland releases Prosperity Index

In contrast to Metro's projections of slow growth, Greenlight's first-annual Greater Portland Prosperity Index presents a different picture. With forecasting by Global Insight, the worldwide experts in economic and financial analysis, the Prosperity Index projects significant growth over the next five years. After a flat 2009, the pace will pick up, Global Insight says, bringing the Portland metro a 30 percent increase in GRP and an eight percent increase in population by 2013.

With that growth will come some 100,000 new jobs to the region, the majority of them in professional, financial and information services, Greenlight and Global Insight report.

The 2008 Greater Portland Prosperity Index also compares the region on a wide range of economic, demographic and quality of life metrics with nine competitive metros: Seattle, Sacramento, San Francisco, San Jose, San Diego, Los Angeles, Albuquerque, Austin and Denver.

The entire report can be downloaded from www.greenlightgreaterportland.com.

 

7. U.S. Department of Commerce releases updated export figures

The region's economic development strategy places great emphasis on traded sector industries that bring new dollars into the region. A new report by the US Department of Commerce has good news on that front. On July 14, the Commerce Department released figures on the value of exports from regions around the country for the first half of 2007. During that period the Portland-Vancouver-Beaverton metropolitan area was the 14th largest export market in the U.S., with sales totaling $7.6 billion - on pace to beat 2006 sales of $14.6 billion. Canada was the leading export destination for Portland's exports of goods in the first half of 2007. Other leading destinations were Japan and China. In the first half of 2007, Portland exported $1.7 billion to Canada and Mexico. Twenty-two percent of Portland's merchandise exports go to NAFTA countries. Computer and electronic products was the top Portland export category for the first half of 2007, accounting for $2.8 billion, or 37 percent, of exported goods. Other top exports were crop production ($1.2 billion, 16 percent); machinery, except electrical ($879 million, 12 percent); and transportation equipment ($780 million, 10 percent).


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REGIONAL NEWS:

Intel's new solar venture
Tuesday, June 17 Hillsboro Argus
Intel announced it will be spending key assets inside its new businesses initiative group to form an independent solar energy company called SpectraWatt Inc. that will be housed on the southeast corner of its undeveloped West Union Campus. Read article >>

State Treasurer Believes New $5 Million Investment Will Boost Oregon's Green Industries
The Oregon Growth Account Board took a significant step into the sustainable investing market this month when it approved a $5 million investment in the Pivotal Investments Fund I. Pivotal I is a $60-75 million dollar venture capital fund that focuses on high-growth assets such as renewable energy, green buildings and biomass. The firm is headquartered in Portland, and it looks to capitalize on the Northwest's leadership in developing green sustainable industries. Read release >>

FEI's attention to detail reveals high hopes
Friday, July 11 Portland Business Journal
A new electron microscope that reveals an unprecedented level of detail could make FEI Co. the undisputed leader in every one of its product lines. If it proves its worth, the $1 million Magellan will also fulfill goals CEO Don Kania set when he arrived at the Hillsboro-based company two years ago. Read article >>

Food Innovation Center cooks up new direction
Friday, July 11 Portland Business Journal
Reser's Fine Foods Inc. first tested a new line of home-style single-serve entrees in-house. Then the Beaverton-based company ran into its own limitations. "While we're large for Oregon, we're a mid-size company in our industry," said David Lakey, vice president of marketing at Reser's. "We need good research suppliers because we're not big enough to have our own in-house consumer research."
Read article >>