Why Portland

The confluence of talent, resources, expertise and a supportive ecosystem make Portland a rising star in the startup economy. Businesses small and large are taking notice – Portland has become a major domestic and international business hub in recent decades. In fact, the city has experienced the fastest rate of GDP growth for any metropolitan area in the United States since 2008.[1]

With average prices per square foot for office space that are, on average, 75% less expensive than in San Francisco and 20% less expensive than in Seattle, companies can grow bigger, faster, in Portland than almost anywhere on the West Coast.[3]

Average home values in Portland are 17% lower than Seattle, 39% lower than San Diego, and 58% lower than San Francisco.[4] The relatively affordable cost of living means that early-stage Portland businesses can run lower operating expenses and have more runway to make critical adjustments that position them for success.

The Portland metropolitan statistical area boasts seven major universities that include Portland State University, Oregon Health and Science University, and Reed College. These seven universities contribute to the city’s thriving mix of scientific, technological, and entrepreneurial innovation.

City- and state-funded programs such as Oregon’s Enterprise Zones, Strategic Investment Program, and Business Expansion Program support local early-stage enterprises and are a sign of governmental commitment to new business formation and development.

The region is capitalizing on its strengths in technology, active and outdoor apparel, design and open source software. Major businesses with significant operations in the area include Adidas North America, Under Armour, Amazon Web Services, Intel, AirBnB, New Relic, eBay, and Oracle along with locally-grown leaders such as Nike, Jive, Tektronix, Puppet, and Tripwire.