PDC’s leadership in economic development resulted in City Council’s adoption of Portland’s first Economic Development Strategy in more than 15 years. Guided by that strategy, the agency focuses on explicit investments in the fundamentals of economic development: business expansion and retention, workforce training, innovation, catalytic projects and an ecosystem that nurtures entrepreneurs and small businesses. Progress depends on developing predictable funding for economic development and advancing regional competitiveness through a variety of partnerships.
The Neighborhood Economic Development Strategy, also adopted by City Council, fills out the plan to create local jobs and improve commercial districts across the city. Prompted by the early success of the Portland Main Street program, increased city and partner services for small businesses and catalytic neighborhood investments, the NED Strategy seeks to strengthen from within – building local capacity, driving neighborhood business growth and increasing real median family income in the Portland neighborhoods that need it most.
In the sustainable economy to which Portland aspires, people live and do business in ways that are good for the economy, the environment, and for communities. Businesses are more efficient, innovative and competitive internationally. The local talent pool is deeper. And social and environmental vitality creates healthy communities and opportunities for residents to prosper.