Job growth in Portland comes from local, small businesses.
As demonstrated in the last installment of Thinking Local, a discussion of “Job Creation Not Relocation,” resident companies are growing considerably while nonresidents are losing jobs—that’s negative job creation.
In a 10 year period from 1999 to 2009, existing Portland companies grew by 63.6 percent while nonresidents (headquartered outside of Portland) declined by 8.9 percent, according to the National Establishment Time Series database. During this time, Portland-based small businesses with less than 10 employees were the only net job creators, adding 113,630 jobs.
To read the full, original article click on this link: Is Economic Gardening the Right Approach for Job Growth in Portland? | Neighborhood Notes
