The Stakeholder Group: Portland's Development Commission
The Stakeholder Group has the main goals of supporting business, enriching the creative economy and growing the economy. The three goals steer the economic growth direction for the City.
The City also has a Development Commission that was created in 1958 by the voters. It is Portland’s economic development and urban renewal agency. The commission has an executive director who is accountable to the Board of Commissioners that is made up of five (5) members who are nominated by the mayor and accepted by the City Council. (Portland Developmet Commission, 2014)
The sole mission of Portland’s Development Commission is to create economic opportunity as well as oversee growth for the City of Portland. The Commission also promotes the best parts of …show more content…
the City, stimulates a wide range of economic prosperity and encourages job creation. With proper administrative capacity in place, Portland is capable of being one of the healthiest, equitable and most competitive Cities in the world.
The Commission is responsible for the coordination and development of implementation plans and it does so by providing staff to assist in the development of strategies.
Once a strategic plan has been finalized, the Commission directs the drafting and negotiation of the memoranda of understanding and agreements between the major stakeholders and actors in charge of specific elements of implementing the strategic plan.
In implementing economic development plans, Portland’s Development Commission has joined forces with partners to encourage job creation and economic growth through global entrepreneurship and trade, well developed programs that support the industry clusters, direct business expansion and enlargement, and management of programs like business lending and Enterprise Zone.
The commission stimulates a wide range of economic prosperity by supporting contracting practices that are equitable, providing technical assistance for small businesses, developing a workforce and providing local businesses with grants.
Finally, the Commission promotes Portland’s prime places through the improvement of infrastructure such as parks, transportation, providing service grants, investing in property redevelopment and partnering with the public as well as the private …show more content…
communities.
The Portland Development Commission also has its own strategic plan whose main goal is attaining prosperity for all residents of Portland regardless of race. The strategic plan aims at strengthening Portland’s neighborhoods by constructing and increasing access to complete and healthy neighborhoods which have employment centers, good transportation, and the essential services as well as goods.
The commission also aims at maintaining and leveraging the City’s competitiveness and creating access to high wage job opportunities. They will achieve this by accessing new foreign and domestic markets, supporting the business growth of current trades and connecting all its residents to quality job opportunities in both local industries and traded sectors. The commission is also establishing silo-busting, effective and creative solutions while addressing the issues that are barring Portland from success.
Primary Drivers for Portland’s Interest in Economic Development
The City of Portland is driven primarily by the way it has cultivated its sustainable way of living for over forty years.
However, the City’s position in traditional economy has become fragile over time and thus, it needs to be at the top of the emerging green technology economy. The City is aiming at becoming the giant in the green technology economy throughout the world. It finds itself at a very special competitive position because of several interconnected factors. First and foremost, Portland has some of the highest concentrations of companies in green building, recycling, environmental services, and renewable energy sectors. Specifically, the city is well known for concentrations in wind energy and green building firms. The City is also at an advantage as it has almost forty firms dealing with solar energy. It also has a lot of employees who are quite experienced in the clean technology firms. To sum it up, when green and clean technology firms need a new location for business expansion, Portland is usually among the first Cities to be
considered.
Portland’s economy is primarily driven by tourism activity which includes increased spending and visitors in the tourism sector, increased valuation taxes and increased permanent jobs. The Ocean Gateway is also a major economic driver in the transportation sector. It was designed for cruise passengers and international ferry. This investment brings in an approximate of Twenty Million Dollars annually. The Cruise Ship Industry in the transportation sector is also quite a success as it serves Fifty Five Ships and over Seventy Thousand Passengers annually.
The City of Portland also has a supportive local policy and state environment. Most of what it has achieved in the area of sustainability has been supported by its progressive city, regional and state policies that have been developed to aid a lifestyle that is more sustainable as well as grow and attract businesses in the clean technology sectors.
Portland is located on the Pacific Rim, which is a very strategic place as there is sufficient access to important Asian markets. The Pacific Rim is full of diverse economies. It is home to around Three Million people and it is responsible for forty four percent of global trade and fifty four percent of the global Gross Domestic Product (GDP). Economies in the Pacific Rim are assured of automatic growth of seven percent compared to that of five percent for the rest of the world.
Preliminary Assessments of Successful Projects
The City of Portland is a prosperous region made up of just over Two Million, to be precise, 2.2 Million people. It has been well known for making it in the top ten (10) lists for being an eco – friendly and green city. In the whole of the United States, Portland was the first City to take initiative at reducing carbon dioxide emissions as well as being the leader in the green building arena.
In 2009, a Climate Prosperity Project was started in which the City was used as a pilot. This project was funded by the Rockefeller Brothers and it mainly emphasized on how to reduce emissions of greenhouse gases as well as increase economic prosperity. This project was a success as the City had already gone green by integrating the innovative policies, conservation and green technologies. The city prioritizes on livability and the environment.
The State of Oregon and the City of Portland both foresaw opportunity in the industry of green building. Development, design and architectural businesses are identified as the national leaders in the economy throughout the region. In the year 2007, the City of Portland was ranked first with the most number of LEED (Leadership in Energy and Environmental Design) compliant buildings in the State. This was of a great economic impact as the Oregon State Legislature recognized the economic advantages that come as a result of green building, and hence it funded the “Oregon Bio – Economy and Sustainable Technologies Research Center” to carry out research on technologies related to green building.
The success of Portland’s green building technology has seen various studies conducted with specific regard on how to develop more acceptable information on the essence of green building as well as the economic trends in revenue generation, job creation, and business development in this cluster. The studies conducted have further helped in recognizing the areas that require more support so as to achieve full potential for development in this cluster.
The City also runs a complete system of bike lanes, buses, commuter rail and light rail. Its population is also well known for recycling more than fifty percent of their waste produce. The City has been coming up with ways of innovating alternative energy as it promotes green living and green building. Talent and Investments looking for a home in the green economy are now resorting to Portland. In the 1970s, Governor McCall, with the help of other people started an initiative to demolish a freeway constructed in the 1950s in downtown Portland, along Willamette River. The initiative was successful and they managed to replace the freeway with a waterfront park. This led to the down town houses becoming a magnet for budding techies, artists and musicians.
The City also has a Development Commission that was created in 1958 by the voters. It is Portland’s economic development and urban renewal agency. The commission has an executive director who is accountable to the Board of Commissioners that is made up of five (5) members who are nominated by the mayor and accepted by the City Council. (Portland Developmet Commission, 2014)
The sole mission of Portland’s Development Commission is to create economic opportunity as well as oversee growth for the City of Portland. The Commission also promotes the best parts of …show more content…
the City, stimulates a wide range of economic prosperity and encourages job creation. With proper administrative capacity in place, Portland is capable of being one of the healthiest, equitable and most competitive Cities in the world.
The Commission is responsible for the coordination and development of implementation plans and it does so by providing staff to assist in the development of strategies.
Once a strategic plan has been finalized, the Commission directs the drafting and negotiation of the memoranda of understanding and agreements between the major stakeholders and actors in charge of specific elements of implementing the strategic plan.
In implementing economic development plans, Portland’s Development Commission has joined forces with partners to encourage job creation and economic growth through global entrepreneurship and trade, well developed programs that support the industry clusters, direct business expansion and enlargement, and management of programs like business lending and Enterprise Zone.
The commission stimulates a wide range of economic prosperity by supporting contracting practices that are equitable, providing technical assistance for small businesses, developing a workforce and providing local businesses with grants.
Finally, the Commission promotes Portland’s prime places through the improvement of infrastructure such as parks, transportation, providing service grants, investing in property redevelopment and partnering with the public as well as the private …show more content…
communities.
The Portland Development Commission also has its own strategic plan whose main goal is attaining prosperity for all residents of Portland regardless of race. The strategic plan aims at strengthening Portland’s neighborhoods by constructing and increasing access to complete and healthy neighborhoods which have employment centers, good transportation, and the essential services as well as goods.
The commission also aims at maintaining and leveraging the City’s competitiveness and creating access to high wage job opportunities. They will achieve this by accessing new foreign and domestic markets, supporting the business growth of current trades and connecting all its residents to quality job opportunities in both local industries and traded sectors. The commission is also establishing silo-busting, effective and creative solutions while addressing the issues that are barring Portland from success.
Primary Drivers for Portland’s Interest in Economic Development
The City of Portland is driven primarily by the way it has cultivated its sustainable way of living for over forty years.
However, the City’s position in traditional economy has become fragile over time and thus, it needs to be at the top of the emerging green technology economy. The City is aiming at becoming the giant in the green technology economy throughout the world. It finds itself at a very special competitive position because of several interconnected factors. First and foremost, Portland has some of the highest concentrations of companies in green building, recycling, environmental services, and renewable energy sectors. Specifically, the city is well known for concentrations in wind energy and green building firms. The City is also at an advantage as it has almost forty firms dealing with solar energy. It also has a lot of employees who are quite experienced in the clean technology firms. To sum it up, when green and clean technology firms need a new location for business expansion, Portland is usually among the first Cities to be
considered.
Portland’s economy is primarily driven by tourism activity which includes increased spending and visitors in the tourism sector, increased valuation taxes and increased permanent jobs. The Ocean Gateway is also a major economic driver in the transportation sector. It was designed for cruise passengers and international ferry. This investment brings in an approximate of Twenty Million Dollars annually. The Cruise Ship Industry in the transportation sector is also quite a success as it serves Fifty Five Ships and over Seventy Thousand Passengers annually.
The City of Portland also has a supportive local policy and state environment. Most of what it has achieved in the area of sustainability has been supported by its progressive city, regional and state policies that have been developed to aid a lifestyle that is more sustainable as well as grow and attract businesses in the clean technology sectors.
Portland is located on the Pacific Rim, which is a very strategic place as there is sufficient access to important Asian markets. The Pacific Rim is full of diverse economies. It is home to around Three Million people and it is responsible for forty four percent of global trade and fifty four percent of the global Gross Domestic Product (GDP). Economies in the Pacific Rim are assured of automatic growth of seven percent compared to that of five percent for the rest of the world.
Preliminary Assessments of Successful Projects
The City of Portland is a prosperous region made up of just over Two Million, to be precise, 2.2 Million people. It has been well known for making it in the top ten (10) lists for being an eco – friendly and green city. In the whole of the United States, Portland was the first City to take initiative at reducing carbon dioxide emissions as well as being the leader in the green building arena.
In 2009, a Climate Prosperity Project was started in which the City was used as a pilot. This project was funded by the Rockefeller Brothers and it mainly emphasized on how to reduce emissions of greenhouse gases as well as increase economic prosperity. This project was a success as the City had already gone green by integrating the innovative policies, conservation and green technologies. The city prioritizes on livability and the environment.
The State of Oregon and the City of Portland both foresaw opportunity in the industry of green building. Development, design and architectural businesses are identified as the national leaders in the economy throughout the region. In the year 2007, the City of Portland was ranked first with the most number of LEED (Leadership in Energy and Environmental Design) compliant buildings in the State. This was of a great economic impact as the Oregon State Legislature recognized the economic advantages that come as a result of green building, and hence it funded the “Oregon Bio – Economy and Sustainable Technologies Research Center” to carry out research on technologies related to green building.
The success of Portland’s green building technology has seen various studies conducted with specific regard on how to develop more acceptable information on the essence of green building as well as the economic trends in revenue generation, job creation, and business development in this cluster. The studies conducted have further helped in recognizing the areas that require more support so as to achieve full potential for development in this cluster.
The City also runs a complete system of bike lanes, buses, commuter rail and light rail. Its population is also well known for recycling more than fifty percent of their waste produce. The City has been coming up with ways of innovating alternative energy as it promotes green living and green building. Talent and Investments looking for a home in the green economy are now resorting to Portland. In the 1970s, Governor McCall, with the help of other people started an initiative to demolish a freeway constructed in the 1950s in downtown Portland, along Willamette River. The initiative was successful and they managed to replace the freeway with a waterfront park. This led to the down town houses becoming a magnet for budding techies, artists and musicians.