The Value of Jobs Coalition believes that quality of life begins with a good job and that a thriving economy creates the foundation for quality schools, healthy parks and happy families. According to a study sponsored by the coalition, in the late 1990s, the Portland-metro region’s wages and incomes fell below the national average and have stayed there. Other peer regions have passed us by in terms of income level and employment. The coalition is sponsoring a series of studies to take a closer look at our economy to see what our region’s economic needs and issues are.
There are a number of factors that help a metro region’s economy thrive – an educated workforce, sound infrastructure, a coordinated transportation system and available land to grow and attract employers, to name a few. This analysis examines one ingredient of regional economic health: the readiness of large-lot industrial lands.
A consistent inventory of sites is a key requirement for meeting market demand, either by expanding local employers or attracting new employers to our region. This analysis shows, however, that we have a supply of industrial land that is not readily available to attract and cultivate the types of catalytic employers that will help our region’s ability to grow and thrive.
Our region has a land use history to be proud of, and we take a measured approach to development. Most of the large-lot sites that will become available for industrial development within the foreseeable future are inside the existing Metro urban growth boundary (UGB) or urban reserves. Advancing the readiness of those sites improves our economic competitiveness, maximizes the efficient use of existing infrastructure and reduces outward pressure on the UGB.
This report is a companion to the Land Availability - Limited Options: An analysis of industrial land ready for future employers released in spring 2012. The earlier report examined the inventory of development ready, large-lot industrial land in the Portland-metro region and identified potential sites that are not currently ready for development. The second phase of the project analyzes the challenges in both time and money in preparing those sites for development and the potential for both job creation and added local and state revenue. The 12 sites selected for the analysis have the size, location, ownership, potential industrial use and types of barriers representative of the 47 sites in the region identified in the initial report as potentially developable in the future.
A consistent inventory of sites is a key requirement for meeting market demand, either by expanding local employers or attracting new employers to our region. This study shows, however, that we have a supply of industrial land that is not readily available to attract and cultivate the types of catalytic employers that will help our region's ability to grow and thrive. While there are significant time and financial hurdles to market readiness for many of these industrial sites, the potential economic benefits (jobs, income and property tax) from successful traded-sector development would be substantial.
The documents below are all in PDF format. Larger files that require longer download time are indicated.