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Summer | 2019| Membership Appreciation and Networking Event

Summer | 2019| Membership Appreciation and Networking Event. Welcome. Wendy Sanman 2018-19 PRC President. Reminders. Please silence your cell phones Solicitation Policy Restrooms. Save the Date. Winter Education Meeting Wednesday, December 4 th Exchange Ballroom

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Summer | 2019| Membership Appreciation and Networking Event

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  1. Summer | 2019| Membership Appreciation and Networking Event

  2. Welcome Wendy Sanman 2018-19 PRC President

  3. Reminders • Please silence your cell phones • Solicitation Policy • Restrooms

  4. Save the Date Winter Education Meeting Wednesday, December 4th Exchange Ballroom 123 NE 3rd Ave, Portland, OR 97232

  5. Thank you to our Event Sponsors!

  6. Membership Update New members this year ## First time attendees here today ##

  7. Membership Recognition

  8. PRC Board Update Ryan Tablet AFR Furniture – Residential Account Executive Social Responsibility Chair Tamara Jafri Nike - Talent Mobility Consultant Social Responsibility Committee Member Rob Archibald Archibald Relocation and Real estate Services - President Social Responsibility Committee Member

  9. Corporate Advisory Board Summary Next Meeting: November 13th Location: Westgate Bourbon Bar & Tap House Time: 3:00 to 6:30 Tanya Mariottini Nike – Director, Talent Mobility Eric Baum Adidas - Senior Manager; Cross Border Employment & Mobility

  10. Donate Your Food When You Move Our crew will pack up your food and deliver it to the local food pantry From there, your donations will be sorted and delivered to local families in need. Moving? Set aside your unopened, non-perishable food items 1 in 6 children struggle with hunger, while 40% of the food we produce goes to waste

  11. Industry Update Greater Portland Update Matt Miller Greater Portland Inc - interim President & CEO

  12. PORTLAND RELOCATION COUNCIL GREATER PORTLAND INC

  13. About Greater Portland Inc

  14. WHO WE ARE GREATER PORTLAND REGION • Portland-Vancouver MSA • 2.5M population • 2 states • 7 counties • 6 port districts • 102 cities

  15. Introduction & About Greater Portland Inc • Greater Portland Inc • Regional economic development non-profit serving 7-county bi-state metro • What we do: • Marketing and business development • Regional convening and capacity building • Comprehensive Economic Development Strategy (CEDS) • Community assistance (e.g., research, marketing, strategic planning, etc.) • Programs and Initiatives • Site Readiness Toolkit – 15 communities participating • Greater Portland Tech Challenge – 20 companies/20 challenges • Growing Small Businesses Globally – 35 companies • Oregon Opportunity Zone Initiative – Metro OZ communities

  16. POSITIONING GREATER PORTLAND FOR COMPETITIVENESS + PROSPERITY 501c6 Recruitment + Marketing 501c4 Convening + Strategy 501c3 Research + Collaboration

  17. 90+ WHO WE ARE PUBLIC + PRIVATE SECTOR PARTNERS GPI SMALL CITIES CONSORTIUM

  18. WHY WE DO IT CREATING OPPORTUNITY THROUGH JOBS + INVESTMENT If successful: we’ve helped companies land, creating opportunity for others through jobs and investment in our region

  19. Traded-sector focus • Focus is on traded-sector companies • Computer and electronics/semiconductor • Athletic and outdoor • Clean technology • Health sciences and technology • Metals and machinery manufacturing • Software and media • Other opportunities • Food and beverage • Craft manufacturing • Consumer products • Why? – Best chance of growing the pie through multiplier effects (primary jobs support the creation of secondary (i.e., supply chain) and tertiary jobs (i.e., retail jobs)

  20. Traded-sector example • Suppose a new 100 person fabricated metals manufacturing operation

  21. Why recruit new business? • 88% of jobs created come from existing businesses, BUT • How many of those jobs are retail, driven by local market demand/population growth, or the result of traded-sector industry? • How many of those jobs are from companies that once moved to the region? (e.g., Intel, WaferTech, Adidas, etc.) • Focusing locally is critically important, but we also need to understand our competitive position too • Retention, expansion, and entrepreneurship efforts would be undermined if we did not understand the market’s ability to accommodate future growth or evolution • We also need to seed the economy with globally competitive traded-sector companies (what if we hadn’t attracted Intel to the region?) • We need to RECRUIT, RETAIN & EXPAND, and CREATE NEW COMPANIES

  22. How we support companies • Region and site selection analysis • Market research (e.g., labor market analytics, biz climate, etc.) • Develop and coordinate market RFPs • Market familiarization tours • Connectivity to resources • Service providers (e.g., real estate, legal, accounting, trade, etc.) • Government (e.g., CREDC, Business Oregon, Regional Solutions, WIBs) • NGOs (e.g., OMEP, TAO, local TMAs)

  23. Regional Value Proposition

  24. Greater Portland: About the Region • Population: 2.5 million (25th largest, ~ size of Orlando/Charlotte metros) • Key Industries: • Athletic and outdoor (i.e., design, creative, marketing) • Computer hardware and electronics (i.e., semiconductor, microelectronics) • Clean technology (e.g., green building, architecture, engineering) • Health sciences and technology (e.g., med devices, digital health) • Metals and machinery manufacturing • Software and media • Craft food and beverage, consumer products

  25. Greater Portland: World Class Companies

  26. Greater Portland: West Coast Advantage • West Coast Advantage • Attractive to talent • Outstanding and unique quality of life • Affordability • Competitive business climate • Globally-recognized clusters • Talent driven by quality of life and affordability + business climate • = Growth of world-class companies

  27. Greater Portland: 7 Counties Across 2 States

  28. Greater Portland: Unmatched quality of life • Most Livable City in America – Monocle (2017) • #1 Best Places for Business and Careers – Forbes (2017) • #1 Food City in America – Washington Post (2015) • #1 West Coast job market for college grads – Zip Recruiter • Best coffee in the nation – Wallet Hub • 80+ award-winning breweries and world class wine

  29. Greater Portland: Incredible access to the outdoors • Largest urban park in U.S. – Forest Park • 32,000 acres of green space in region • 90 minutes to the coast • 60 minutes to the Cascade mountains • 45 minutes to Oregon wine country • World class hiking, fishing, windsurfing, cycling, camping, mountaineering

  30. Greater Portland: Light Rail • 5th in annual ridership in US; over 38 million passengers annually. • Connectivity to Intel, Nike, PDX, Downtown, PSU/OHSU, etc. • Integrated with Portland Streetcar and bus networks • Highest bike/ped transit in the U.S.

  31. Greater Portland: West Coast Appeal

  32. Greater Portland: Where Talent Works

  33. Greater Portland: Talent Magnet Los Angeles Source: U.S. Census, American Community Survey 1-year estimates.

  34. Greater Portland: West Coast Advantage Sources: National Association of Realtors, Q2 2019; C2ER, Q2 2019; Sperlings Places Rated, 2019 (used for San Jose); JLL, Q2 2019 Asking Rents (Peninsula used for San Jose)

  35. Greater Portland: Global Connections • PDX serves 80 destinations non-stop; 282 departures daily. • Non-stop service to London, Tokyo, Amsterdam, Reykjavik, Frankfurt, Vancouver, Toronto, Calgary, and Mexico City. • Non-stop air cargo service to Hong Kong.

  36. Greater Portland: Recent Tech Industry Growth Source: Jones Lang LaSalle, 2016

  37. Greater Portland: West Coast Appeal - CA Growth

  38. Greater Portland: High-Tech Manufacturing Cluster • Industry Snapshot • 32,890 jobs • 5,812 companies • $7.2 billion in export • $37.6 billion in sales • Oregon Manufacturing Innovation Center • Opening Fall 2017

  39. Greater Portland: Competitive Business Climate

  40. GPI Recruitment Trends*

  41. Total prospects

  42. 2019 Prospects by Industry Mfg and software about the same as last year “Other mfg” includes a variety of advanced, food, consumer products cos.

  43. 2019 Prospects by Market of Oregon (Detail) CA slightly down, remains largest source market “Unknown” are Biz OR projects International activity continues to standout – 2 projects in Australia (CLT, financial services) OR project is Hood River expansion WA is from Tacoma

  44. 2019 DOMESTIC VS FDI (n=24) FDI steady at near 1/3 of projects

  45. 2019 EXISTING VS GREENFIELD Demand for greenfield options has increased from ~20% to about 33%

  46. 2019 MANUFACTURING PROSPECTS • Near the mid-point of the year and demand is near or above 2018 data • 2019 avg SF: 118k, 2019 median SF: 68k SF (skewed by large projects) • 2018 avg SF: 107k, 2018 median SF: 80k SF • 2017 avg SF: 79k, 2017 median SF: 40k SF • 2 greenfield, 4 greenfield or existing, 10 total • Excludes distribution, R&D, etc.

  47. 2019 OFFICE PROSPECTS • Average requirement down by more than half – 38k in ‘18 to 14k • Median requirement lower – skewed down by small office req. • No greenfield demand (same since 2016) • Does not include manufacturing, distribution, R&D, etc. • Expect all figures to rise

  48. Market Source of Projects Trend

  49. Lead Source of Projects Trend

  50. Domestic vs FDI Projects Trend

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