Oregon Business Plan What Does The Thesis Statement Do

Participants included state legislators and elected officials, local governments, tribal economic development leaders, heads of regional business development organizations, business CEOs, representatives of academic institutions, entrepreneurs, and Business Oregon staff.

Increase access to new sales markets Enhance competitiveness of small and middle-market manufacturing companies Attract businesses and FDI to grow target industries Prioritize infrastructure investments to directly promote business growth Enhance local economic development capacity in distressed rural communities Promote an environment that supports entrepreneurship and small business growth Expand business development to include non-traded sector companies and organizations Connect rural communities to urban markets through targeted infrastructure investments Jobs created and retained in rural Oregon resulting from business development activities, including accessible middle-wage and high-wage jobs Percent of rural small businesses or start-ups receiving financial assistance from agency that transition to traditional or follow-on financing Number and value of infrastructure investment related to economic development (KPM 9) Number and percent of minority-owned firms utilizing agency business development services (financial and technical assistance) Number and percent of minority-owned firms receiving financial assistance that transition to traditional or follow-on financing Number and value of public contracts awarded to COBID certified firms Be transparent, accountable, and a good steward of public resources Be a sustainable, cohesive agency where all employees feel valued and understand how they contribute to the mission Be a welcoming agency that empowers employees and is inclusive of Oregon's cultural diversity Innovate Oregon's Economy Innovation is a clear driver of economic competitiveness.

Opportunity Insights, which partners with local and regional jurisdictions to apply data to policy solutions, is exploring the potential of working with Oregon on poverty and mobility issues.

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Even in this strong economic expansion, the costs of state and local services are increasing faster than record revenues.States that prioritize sustained investment in innovation and excel accross a broad range of indicators are better positioned to compete long-term in the global economy. Corvallis and the Portland metro are global leaders in patents, driven primarily by invention activity within several large companies.Historically, Oregon has excelled in key indicators of innovation, such as patents and industry productivity. And Oregon consistently ranks top in the nation in terms of manufacturing output, a metric that signals the industry's commitment to adopting the latest advanced and efficient technologies.Over the last decade, employment in rural Oregon communities declined 1.4%, compared to a 4% increase in the state's small metros and 14.2% increase in large metros.In general, poverty levels in Oregon are higher in rural Oregon than the state's rural areas.The balance of the plenary session included TED-style talks on PERS reform, revenue reform, Medicaid funding, education investment, housing shortages, forest fires, water, and growth in the Bend area.The session also heard from leaders of the Legislative Committee on Student Success, which visited communities across the state in 2018 to learn more about what students need to succeed.Chetty took the audience through the institute’s Opportunity Atlas, which identifies factors that aid or inhibit economic mobility across the nation.In the process, he did a deep dive on several Oregon localities.The morning keynote address was delivered live via satellite by Harvard economist Raj Chetty, a leading voice on economic mobility and founding director of Opportunity Insights.(See Chetty video and playlist of additional video segments at left.) The new research and policy institute is focused on using research and big data to revive flagging economic mobility at a state and local level.

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