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Portland is ‘Best for Business and Careers’ says Forbes

October 26, 2017

We’re not the only ones who think Portland may be the best place for you to start your career.

Forbes has just released its 19th annual ranking of the “Best Places for Business and Careers,” and Portland is right at the top.

What accounts for the recognition? “Our ranking compares the business climates of the 200 largest metro areas by population in the U.S.,” Forbes writes. “We rated them on 14 metrics related to job growth, costs (business and living), income growth, quality of life and the education of the labor force.” The City of Roses finished in the top quartile for 12 of the 14 metrics.

Forbes credits Portland with a strong economic outlook and a valuable “talent surge.”

“The influx of educated young adults has been a boon to the $157 billion economy, with household incomes up 4 percent annually since 2011 and unemployment falling below 4 percent from a peak of 11.3 percent in 2009,” Forbes writes. “Portland now has the ninth-highest concentration of highly educated millennials based on data from Experian.”

Another interesting statistic from the announcement: “Well-paid STEM fields (science, technology, engineering and math) account for 7.2% of all jobs in the metro area, well above the national average of 5.8%.”

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