Background
Economic Development is not all about buildings and infrastructure. It serves as a platform to a fiscally sound and self-sufficient city. As Portland’s economy thrives steadily throughout the years, it is crucial that it is acknowledged for its assets as well as recognized as an effective and welcoming city for conducting business, where there is utmost respect and understanding of the important business components of certainty and time.
This article will assess whether Portland has the capacity to attain this vision while using its assets and resources. The City has a general goal of increasing its revenues and overall economy immensely. The City of Portland also aims at becoming the top most performer in the green technology economy …show more content…
Investing in the quality of living has done well in creating a revolutionary flood of creative talent in Portland, however, that alone has not resulted in enough job creation. For Portland’s economy to transform into a creator of high wage employment, the city must make a proportionate investment. Emphasizing more on investments in social service, housing, infrastructure and transit rather than on economic development will not result in the growth of the local economy. For there to be a rise in job creation there is explicit need for investments to focus at expanding projects, funding innovation, training workers, and growing and retaining firms. As this strategy bears fruit in attaining the success of all residents, it is important for investment to be done in economic …show more content…
This means that Portland has to compete systematically so as to make it in the global economy. With its attributes and size, the City has to be very particular on how it battles for new economic opportunities; limited resources must be used in such a way that they foster on the City’s indisputable qualities. This narrows down to the leadership potential in the City of Portland.
For an economic development plan to be successful, it requires the prioritizing of funds and aligning goals across jurisdictions and between organizations. The city needs to come up with an implementation plan and thus it has to work hand in hand with private and public sector partners across the region. That is where the need for good leadership in the City arises. All economic development plans in the City are headed by the Mayor who consults with his Economic
Economic Development is not all about buildings and infrastructure. It serves as a platform to a fiscally sound and self-sufficient city. As Portland’s economy thrives steadily throughout the years, it is crucial that it is acknowledged for its assets as well as recognized as an effective and welcoming city for conducting business, where there is utmost respect and understanding of the important business components of certainty and time.
This article will assess whether Portland has the capacity to attain this vision while using its assets and resources. The City has a general goal of increasing its revenues and overall economy immensely. The City of Portland also aims at becoming the top most performer in the green technology economy …show more content…
Investing in the quality of living has done well in creating a revolutionary flood of creative talent in Portland, however, that alone has not resulted in enough job creation. For Portland’s economy to transform into a creator of high wage employment, the city must make a proportionate investment. Emphasizing more on investments in social service, housing, infrastructure and transit rather than on economic development will not result in the growth of the local economy. For there to be a rise in job creation there is explicit need for investments to focus at expanding projects, funding innovation, training workers, and growing and retaining firms. As this strategy bears fruit in attaining the success of all residents, it is important for investment to be done in economic …show more content…
This means that Portland has to compete systematically so as to make it in the global economy. With its attributes and size, the City has to be very particular on how it battles for new economic opportunities; limited resources must be used in such a way that they foster on the City’s indisputable qualities. This narrows down to the leadership potential in the City of Portland.
For an economic development plan to be successful, it requires the prioritizing of funds and aligning goals across jurisdictions and between organizations. The city needs to come up with an implementation plan and thus it has to work hand in hand with private and public sector partners across the region. That is where the need for good leadership in the City arises. All economic development plans in the City are headed by the Mayor who consults with his Economic