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The Network Economy – Trends in Oregon

The Network Economy – Trends in Oregon. Oregon Connections Telecommunications Conference 2013 October 24, 2013 Presented by Michael Meyers Business Oregon. Presentation Overview. Current economic trends in Oregon. The Network Economy & Oregon’s Key Industry Groups.

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The Network Economy – Trends in Oregon

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  1. The Network Economy – Trends in Oregon Oregon Connections Telecommunications Conference 2013 October 24, 2013 Presented by Michael Meyers Business Oregon

  2. Presentation Overview • Current economic trends in Oregon. • The Network Economy & Oregon’s Key Industry Groups. • The growth and impact of data centers in Oregon. • The Network Economy & increasing Oregon exports.

  3. Oregon Employment Trends – What’s Going On?

  4. Oregon Job Growth Spread throughout Private Sector

  5. Employment & Wages of Oregon’s Key Industry Groups

  6. The Network Economy & High Technology

  7. The Network Economy & High Technology Software breakout

  8. The Rise of Data Centers in Oregon Why are data centers growing worldwide? • Increased cloud computing & storage. Why are data centers opening in Oregon? • Affordable, accessible electricity • Affordable, accessible water • Mild climate • Telecommunications capacity • Business incentives • No sales tax

  9. Data Center Employment in Oregon Growing Faster than Average Employment trend chart, showing Oregon & U.S. indexed over past 10 years

  10. Data Center Employment Concentrating in Oregon Chart showing Oregon data center LQ change over past 10 years

  11. Data Centers Found throughout Oregon Map of Oregon showing data center employment by county Sources: Bureau of Labor Statistics, The Oregonian.

  12. Economic Impact of Data Centers ECONorthwest’s 2012 report on Facebook’s operations showed an impact of: • 55 direct jobs. • $3.3 million in total compensation @ $59,400 annually per worker. • $47,200 average wage. • 73 indirect jobs and 59 induced jobs, for a total of 187 jobs created. • Jobs multiplier of 3.4. • $10.3 million in labor income from all jobs. • $8.2 million in wages from all jobs.

  13. The Network Economy & Increasing Oregon Exports Business Oregon’s Global Strategies team helps Oregon businesses access global markets. • Export promotion grants. • Grants can be used to help Oregon businesses with website development and language translations.

  14. For More Information Contact… Michael Meyers Economist Business Oregon 121 SW Salmon St, Suite 205 Portland, OR 97204 Michael.Meyers@biz.state.or.us (503) 229-6179: office (503) 539-2915: cell www.Oregon4Biz.com

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