Editing Portland, Oregon (section)

==Economy==
{{See also|Category:Companies based in Portland, Oregon|l1=Companies based in Portland, Oregon}}[[File:Adidas Village Giant Shoes.jpg|thumb|[[Adidas]] has its North American headquarters in the [[Overlook, Portland, Oregon|Overlook neighborhood]]]]Portland's location is beneficial for several industries. Relatively low energy cost, accessible resources, north–south and east–west Interstates, international air terminals, large marine shipping facilities, and both west coast intercontinental railroads are all economic advantages.<ref name="citydata_economy" />

The city's marine terminals alone handle over 13 million tons of cargo per year, and the port is home to one of the largest commercial dry docks in the country.<ref name="answers_cg">{{cite web|title=Cascade General, Inc|website=[[Answers.com]]|url=http://www.answers.com/topic/cascade-general-inc?cat=biz-fin|access-date=June 4, 2008}}</ref><ref name="portofportland_report">{{cite web|title=Portfolio|url=http://www.portofportland.com/PDFPOP/Portfolio_06_07.pdf|access-date=June 4, 2008|archive-url=https://web.archive.org/web/20130115174439/http://www.portofportland.com/PDFPOP/Portfolio_06_07.pdf|archive-date=January 15, 2013|url-status=dead}}</ref> The [[Port of Portland (Oregon)|Port of Portland]] is the third-largest export tonnage port on the west coast of the U.S., and being about {{convert|80|mi|km}} upriver, it is the largest fresh-water port.<ref name="citydata_economy" />

The scrap steel industry's history in Portland predates World War II. [[Radius Recycling]] (formerly Schnitzer Steel), a major [[scrap]] recycler is headquartered in the [[KOIN Tower]] in Portland.<ref>{{Cite news | url=https://www.oregonlive.com/business/2023/07/schnitzer-steel-rebrands-as-radius-recycling.html | title=Schnitzer Steel scraps name, rebrands as Radius Recycling | work=[[The Oregonian]] | date=July 29, 2023}}</ref> Other heavy industry companies in Portland include [[ESCO Group]],<ref>{{Cite news | url=https://www.oregonlive.com/news/2023/09/esco-not-bailing-on-portland-has-leased-new-space-in-northwest-portland.html | title=ESCO not bailing on Portland, has leased new space in Northwest Portland | work=[[The Oregonian]] | date=September 24, 2023}}</ref> and [[Evraz Oregon Steel Mills]].<ref>{{Cite news | url=https://www.aist.org/evraz-to-acquire-oregon-steel-mills-for-us$2-3-billion | title=Evraz to Acquire Oregon Steel Mills for US$2.3 Billion | work=[[Association for Iron and Steel Technology]] | date=November 21, 2006}}</ref>

Technology is a major component of the city's economy, with more than 1,200 technology companies existing within the metro.<ref name="citydata_economy" /> This high density of technology companies has led to the nickname [[Silicon Forest]] being used to describe the Portland area, a reference to the abundance of trees in the region and to the [[Silicon Valley]] region in Northern California.<ref name=name>Rogoway, Mike (April 9, 2006). Bizz blog: Silicon Forest. ''The Oregonian''.</ref> The area also hosts facilities for software companies and online [[startup companies]], some supported by local [[seed funding]] organizations and [[business incubator]]s.<ref>{{cite news|url=https://blogs.wsj.com/venturecapital/2012/01/23/portland-makes-bid-to-become-budding-techlandia/|title=Portland Makes Bid To Become Budding Techlandia|work=Venture Capital Dispatch|date=January 23, 2012|first=Deborah|last=Gage}}</ref> Computer components manufacturer [[Intel]] is the Portland area's largest employer, providing jobs for more than 15,000 people, with several campuses to the west of central Portland in the city of [[Hillsboro, Oregon|Hillsboro]].<ref name="citydata_economy">{{cite web|title=Portland: Economy – Major Industries and Commercial Activity|url=http://www.city-data.com/us-cities/The-West/Portland-Economy.html|access-date=June 4, 2008}}</ref>

The Portland metro area has become a [[business cluster]] for athletic/outdoor gear and footwear manufacturer's headquarters. The area is home to the global, North American or U.S. headquarters of [[Nike, Inc.|Nike]] (the only [[Fortune 500]] company headquartered in Oregon), [[Adidas]], [[Columbia Sportswear]], [[LaCrosse Footwear]], [[Dr. Martens]], [[Li-Ning]],<ref>{{cite web|last=Gregory|first=Roger|title=Top Chinese shoemaker opens U.S. headquarters in Portland|url=http://blog.oregonlive.com/washingtoncounty/2008/01/top_chinese_shoemaker_opens_us.html|work=The Oregonian|date=January 21, 2008|access-date=September 14, 2013|format=January 21, 2008}}</ref> [[Keen (shoe company)|Keen]],<ref>{{cite web|last=Duxbury|first=Sarah|title=Footwear firm gives Bay Area the boot|url=http://www.bizjournals.com/sanfrancisco/stories/2005/11/14/story4.html|work=San Francisco Business Times|access-date=September 14, 2013|date=November 13, 2005}}</ref> [[Hi-Tec Sports]],<ref>{{cite web|last=Brettman|first=Allan|title=Hi-Tec moving U.S. headquarters to Portland|url=http://www.oregonlive.com/business/index.ssf/2010/10/hi-tec_moving_us_headquarters.html|work=October 10, 2010|access-date=September 14, 2013|date=October 10, 2010}}</ref> and [[Snow Peak (company)|Snow Peak]].<ref>{{cite web|last=Frimoth|first=Savanna|title=USA Flagship and Headquarters|url=https://www.snowpeak.com/blogs/explore/usa-flagship-and-headquarters?srsltid=AfmBOopbdQ-vJ_R79NkmA4Mcq5Ic-GADDrjiWHe2vYFOLqXVOC3UF0z2|work=Snow Peak|access-date=March 8, 2025|date=November 1, 2019}}</ref> While headquartered elsewhere, [[Merrell (company)|Merrell]], [[Amer Sports]] and [[Under Armour]] have design studios and local offices in the Portland area.

Other notable Portland-based companies include industrial goods and metal fabrication company [[Precision Castparts Corp.|Precision Castparts]], film animation studio [[Laika (company)|Laika]]; commercial vehicle manufacturer [[Daimler Trucks North America]]; advertising firm [[Wieden+Kennedy]]; bankers [[Umpqua Holdings Corporation|Umpqua Holdings]]; child care and early childhood education provider [[KinderCare Learning Centers]]; and retailers [[Fred Meyer]], [[New Seasons Market]], [[Storables]], and [[Powell's Books]].

Breweries are another major industry in Portland, which is home to 139 breweries/[[microbreweries]], the 7th most in the nation, as of December 2018.<ref>{{cite web|url=https://chicago.suntimes.com/business/chicago-beer-most-breweries-us-cities-brewers-association/|title=Chicago is home to more breweries than any other US city|website=Chicago Sun-Times|date=December 13, 2018|access-date=March 3, 2019}}</ref> <!-- This contradicts the claim in the "Cuisine and Breweries" section, which says Portland has more breweries and microbreweries than any city in the world.  -->Additionally, the city boasts a robust [[coffee culture]] that now rivals Seattle and hosts over 20 coffee roasters.<ref name="MadeInPortland.org">{{cite web|url=http://madeinportland.org/coffee|title=Coffee made in Portland, Oregon|publisher=MadeInPortland.org|access-date=September 10, 2017}}</ref>

===Top Employers===
As of the city's 2023 Annual Comprehensive Financial Report,<ref>{{cite web|url=https://www.portland.gov/accounting/documents/2023-annual-comprehensive-financial-report/download|title=2023 Annual Comprehensive Financial Report|publisher=City of Portland, Oregon}}</ref> Portland's top employers are:

{| class="wikitable sortable"
|-
! # !! Employer !! Number of employees
|-
| 1 || [[Providence Health & Services]] || 23,100
|-
| 2 || [[Intel|Intel Corporation]] || 22,328
|-
| 3 || [[Oregon Health & Science University]] || 19,603
|-
| 4 || [[Nike, Inc.]] || 15,522
|-
| 5 || [[Legacy Health]] || 13,087
|-
| 6 || [[Kaiser Permanente|Kaiser Foundation Health Plan]] || 12,514
|-
| 7 || [[Fred Meyer]] || 9,000
|-
| 8 || [[Portland Public Schools (Oregon)|Portland Public Schools]] || 7,111
|-
| 9 || City of Portland || 6,753
|-
| 10 || [[Multnomah County, Oregon|Multnomah County]] || 6,317
|-
|}

===Housing===
In 2016, home prices in Portland grew faster than in any other city in the United States.<ref>{{Cite news|url=http://www.oregonlive.com/front-porch/index.ssf/2017/01/zillow_portland_area_leads_nat.html|title=Zillow: Portland area leads nation in home-price increases, second in rent hikes|newspaper=The Oregonian|access-date=February 14, 2017}}</ref> Apartment rental costs in Portland reported in November 2019 was $1,337 for two bedroom and $1,133 for one bedroom.<ref>{{cite web|last=Eastman|first=Janet|date=November 17, 2019|title=Portland rents are holding steady with two-bedroom units at $1,337 a month|url=https://www.oregonlive.com/business/2019/11/portland-rents-are-holding-steady-with-two-bedroom-units-at-1337-a-month.html|access-date=October 23, 2020|website=The Oregonian}}</ref>

In 2017, developers projected an additional 6,500 apartments to be built in the Portland Metro Area over the next year.<ref>{{cite web|url=https://www.wweek.com/news/city/2017/08/02/sick-of-portland-changing-too-bad-here-are-7-places-where-this-city-could-soon-go-big/|title=Sick of Portland Changing? Too Bad. Here Are 7 Places Where This City Could Soon Go Big|date=August 2, 2017}}</ref> However, as of December 2019, the number of homes available for rent or purchase in Portland continues to shrink. Over the past year, housing prices in Portland have risen 2.5%. Housing prices in Portland continue to rise, the median price rising from $391,400 in November 2018 to $415,000 in November 2019.<ref>{{cite web|url=https://www.oregonlive.com/realestate/2019/12/portland-area-homebuyers-face-even-fewer-choices-as-prices-rise-25-over-last-year.html|title=Portland-area homebuyers face even fewer choices as prices rise 2.5% over last year|date=December 23, 2019}}</ref> There has been a rise of people from out of state moving to Portland, which impacts housing availability. Because of the demand for affordable housing and influx of new residents, more Portlanders in their 20s and 30s are still living in their parents' homes.<ref>{{cite web|url=https://www.wweek.com/news/2019/10/10/portlands-housing-crisis-would-be-a-lot-worse-if-so-many-20-and-30-somethings-werent-living-with-their-parents/|title=Portland's Housing Crisis Would be a Lot Worse if So Many 20- and 30- Somethings Weren't Living with Their Parents|date=October 11, 2019}}</ref> There is a considerable amount of "[[Airbnb]] type" rentals in the city. An audit in 2018 located around 4,600 listings, of which 80% were illegally operated.<ref>{{Cite web|agency=Associated Press|date=August 8, 2018|title=Audit: 80 percent of Portland's Airbnb-style rentals are illegal|url=https://www.seattletimes.com/nation-world/report-80-percent-of-portland-short-term-rentals-not-legal/|access-date=September 8, 2023|website=The Seattle Times}}</ref><ref>{{Cite web|last=Friendman|first=Gordon|date=August 8, 2018|title=80 percent of Portland Airbnb-style rentals operate illegally, audit finds|url=https://www.oregonlive.com/portland/2018/08/80_percent_of_portland_airbnb-.html|access-date=September 8, 2023|website=The Oregonian}}</ref>