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One Of This Year's Comeback Cities

The Portland metro area is seeing significant growth in the software industry and in clean technology. Which is a great thing because the unemployment currently sits at 10%. But the forecast job growth for 2011 is 3.4%.

Clean technology includes things like energy efficiency, electric vehicles, and batteries and wind power. Vestas is a high-tech producer of wind power systems and just recently moved its North American headquarters to Portland. Not only did they bring 400 employees with it, but will also create an additional 200 jobs.

A European company called ReVolt Technology is setting up its headquarters in Portland, that adds another 150 jobs.

In addition, the Portland Development Commission is giving approximately $4.4 million in loans and grants to businesses. This way Portland can retain or create about 1,000 jobs.

Portland Farmers Market

http://www.kiplinger.com/slideshow/comeback_cities/10.html

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Posted Thursday Jun 09