Portland Economic Trends

Making sure that there are enough jobs in the region to sustain the needs of urban growth in a growing population.

When looking at the economics within City Heights East it is 17% lower than the San Diego average for the cost of living. Yet it is 12% higher for the cost of living than the National average. Living anywhere in San Diego is going to be expensive when comparing it to the national average because we live where people vacation. Yet it is relatively cheap to live here when comparing it to the San Diego average. With this comes crime and other aspects of lower poverty level neighborhoods.

3. In the 1990’s the central business and residential districts of cities in the United States became the focus of a revitalization process. Discuss how each has contributed to this revitalization process.

The economy is the main topic of discussion between neighbors, classmates, the mass media, and the President. Unfortunately, all that is discussed are the negative notes of how much money one lost in the stock market, how homes no longer have the equity it once had, and how some lost a home because of having the current status of consulting and being in between jobs. Because Home Depot is the leading supplier of home improvement building materials and related tools and supplies, the economy has greatly affected the company's revenue and generating lower profits. However, a close watch on market trends will help the company foresee challenges or issues the company might encounter so steps for a successful short-term and long-term goals will

Lawrence, Massachusetts is an industrial city located 26 miles north of Boston. As Lawrence continued to grow over time, immigrants from Puerto Rico and Dominican Republican seek a gateway for employment opportunities within the United States. Once the population increased in Lawrence the job market decreased and the population was served as a source of low-wage labors such; as traditional manufacturing firms and small businesses. Lawrence Low-wage labor resulted in reconstructing the city’s economic development plan to meet the growing demand of the city.

As the leasing amount and house rent goes up while there is stagnation in wages and salaries, affording the monthly rent becomes difficult leading to gentrification in the city.

During the past few years, gentrification has been on an uprise.“Nearly 20 percent of neighborhoods with lower incomes and home values have experienced gentrification since 2000, compared to only 9 percent during the 1990s.” Gentrification is happening in areas that supposedly need a change, such as the low-income neighborhoods in New York City, Minneapolis, Seattle and Washington, D.C.Factors such as uniqueness, accessibility, the energy of the neighborhood and reasonably priced homes attract gentrifiers. It has altered many cities in the country. Gentrification can be defined as the procedure of reestablishment and remaking due to the flood of prosperous individuals into falling apart and low-income areas that frequently displaces poorer

In response to the lack of effort on the part of businesses to renovate the downtown area, city council members to take action. What are some ways that the city government could promote this kind of revival?

Economic growth is the focus of every city. Through economies of scale cities such as Chicago and New York continue to experience great economic expansion. Continued growth, however, opens up the gateway for urban sprawl and the lack of a centralized economy. As cities expand their land use people disregard once thriving centers of industry and business and locate next to newly developed "Greenfield" type businesses. Often times the only thing left in the wake are rundown, abandoned business districts. In an effort to revitalize these deserted areas, councils in charge of economic development will use many different policies. An occasionally controversial policy is called a TIF or Tax Increment

The classism that gentrification brings into communities cannot be understated, simply because it is one of the negative driven byproducts of it, because when individuals are forced to see homes in their respective communities go for 2 to 3 times the market value for what they were previously going for, it sends the message that those within a higher income bracket are able to dictate the set prices in real estates. Furthermore, this financial inequality goes beyond just the housing market. Areas that have seen the wholesale installment of the businesses that stem from gentrification are often overlooked and not taken in consideration when it comes to the prices set by them. It is almost as if these independent coffee shops, Whole Foods Markets,

So with spatial mismatch becoming a bigger issue as time went by, city gentrification became a routine for all cities creating even more disparity in ranges of wealth. People who have lived in their homes for a long time are now being forced out by plans to incorporate more businesses and malls. Property taxes began rising and as the city centers changed, people weren’t able to afford products in their own communities anymore. They dispersed to different sectors of the city, some moving completely out of the city. Gentrification not only affects where people live. It also affects local businesses. Small business owners can’t keep up with the rent because the community around the owners are now very high in value with new businesses, condos,

Portland property taxes are evaluated by an appraiser that can raise your taxes by simply looking at the value of the surrounding homes. Another thing that may raise your taxes could be improvements to your neighbourhood like a max line being installed near your street. One of the most surprising factors is that your taxes can be raised without the appraiser ever looking at your home directly. They don't have to enter your property or take into account the economic status of the tax payer. Another surprising find in the article was the dramatic difference in tax rates between neighbourhood. neighbourhoods like Lentz saw the largest tax hikes. Inner SE neighbourhoods that have prospered the most during the Portland boom have had the least amount of tax increases. This from a neighbourhood that has gone from junkies to yuppies in 10 years. Where you could buy a house for $75,000.00 in 1998 and now in 2015 you could sell that same house for $1,000,000.00. What happens to those that get pushed

Along with a thorough enough discussion of anything comes the inevitable unearthing of its strengths and weaknesses. The Portland Plan has a number of strengths: it is comprehensive, well thought out, inclusive, and should ultimately lead to a well-planned and sustainable city. How in-depth the Portland Plan is, is a testament to its preparedness to face any challenges to lead the Portland of today into becoming the Portland of tomorrow, as any potential question that may arise is likely addressed within the text of the plan. The mercurial nature of the plan is to its advantage, as anything not addressed within the text of the plan does not render the plan obsolete, but rather may be simply found by finding the popular opinion of the

Our cities offer close proximity to services, entertainment and employment. Building high density housing within reach of the main sectors of the hub

Over the last decade, scholars have been assessing the impact of university spill overs. The most significant being knowledge transfer from university to firms. Firms provide the funding for research in universities through what is termed university-industry (UI) partnership/collaboration. This interaction between universities and firms or UI partnerships provides a mechanism by which both parties are rewarded. Industry provides universities with access to resources by funding their research and development agendas. While industry gain from the new knowledge and available technical skills which in turn increase their capacity and efficiency, making them more competitive. More universities have increased interaction with industry over the last few years, especially to reduce the impact of government budget cuts (Cyert & Goodman 1997). Although, the IU partnerships have made significant contributions to economic development across the world, universities in less developed regions, in countries such as Jamaica have not fully capitalized on this phenomenon. The IU partnership is developed through a culture where there is an understanding of the need for scientific knowledge to support innovation and to inform the development of policies and procedures for solving complex problems. The UI collaboration is also influenced by the availability of resources within universities and the extent to which they have the human and non-human capacity to respond to the needs of industry.