Portland Economic Development Strategy

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Introduction Portland city, just like many other cities in the world faced a global economic downtime in sixty years and global advancement away from carbon-based technologies. In the quest to counter local and global problems that include unemployment, retarded economic growth and climate change, the Portland Development Commission developed the Portland Economic Development Strategy in the year 2009 (Song & Gerrit-Jan Knaap 214). This was a five-year strategy aimed at promoting job creation and sustainable economic growth. The Portland Economic Development Strategy was also aimed at achieving a broad-based prosperity by providing equal opportunity and stimulating economic activities throughout the entire city. Resilience of Portland Community The Portland Economic Development Strategy document cites the challenges facing Portland city as; lagged economic growth and inadequate investment to spur growth and generate employment. Portland city’s economy is vulnerable to decline in international trade, local consumption, and business investments which make it lag significantly on economic growth compared to its peers like San Francisco and Seattle (Mendes et al. 443). Despite this, the resilience of the Portland community has made ensured that the economy remains the greenest in the United States and that they develop strategies to withstand these challenges. Despite the various challenges facing Portland city, the community through the Portland Economic Development Strategy outlines the various advantages that the city has and identifies them as opportunities for the city to stand against local and global challenges. These advantages include The city of Portland is

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