THE OREGON TECH SECTOR IS BOOMING

Creating high-wage jobs, category leadership and significant tax revenues

66,499
Industry Jobs
$7,743,134,753
Industry Payroll
$25.4B
Tech Sector Economic Output
4,328
Industry Firms
Industry Comparison Share

Historical Change Share

Of all cities in the U.S., Portland is #9 in start-up density

Firms Share
1
255
509
763
1,017
1,272
Share
5 Largest Industries Share
OPPORTUNITIES FOR GROWTH


Investing $1B in transit & highway infrastructure creates 13,000 Jobs

Oregon needs infrastructure improvements

IMPROVING EQUITY AND JOB TRAINING

  • Portland Metro region is the only region in the country to receive two TechHire grants, totaling $9M for apprenticeship and workforce training focused on disadvantaged communities
  • Oregon can create a common catalogue of smart city solutions developed by small, medium, and large cities in the state and supported by partnerships between PSU, OSU, OHSU connecting transportation, healthcare, and agriculture/food expertise to smart city solutions

Cybersecurity breaches cost the state economy $877 million per year

Oregon needs a Cybersecurity Center of Excellence

STRENGTHENING CYBERSECURITY

  • The cost of data breach sets new record high, driven in part by customer churn after the breach
  • Heavily regulated industries such as healthcare, life science and financial services, tend to have higher costs per breach
  • Malicious or criminal attacks continued to be the primary cause of data breach, which is harmful to consumer confidence

Investing $1B in smart communications infrastructure 12,000 job-years

Oregon is uniquely positioned to create Smarter Cities

PIONEERING SMARTER CITIES

  • Portland was a finalist in the USDOT Smart City Challenge and has emerged as a leader in smart transportation solutions, recently hosting an official NIST smart transportation conference with cities and tech companies from all over the world.
  • Social: Improving the quality of life, lowering the cost of living, conquering the digital divide
  • Financial: Operational efficiencies lower costs for cities, businesses and citizens; cities with a reliable electric grid and stateof-the-art telecommunications and mobility attract business and industry