Portland, OR

Much like Seattle to the North, Portland is investing in green energy. Its government is taking a more modest approach and plans to cut emissions by 40% by 2030 and 80% by 2050.

This broadly involves investing in transit (to take cars off the road) and divesting from fossil fuels. The city also sits at a beneficial location for many industries – with relatively low energy costs, access to air and land freight, and one of the largest ports in the country – and is increasingly looking to capitalize on companies moving away from Silicon Valley. This effort has generally succeeded, and today more than 1,200 tech companies operate in the city – giving it the nickname “Silicon Forest.”

The city’s construction industry is expected to remain relatively stable, although 2022 is shaping up to be a high point. This is driven mainly by the residential sector. Portland’s recent popularity has driven down available housing, and in turn, spurred demand for new developments. The city simply cannot build fast enough. To this end, the construction market has taken in many workers from surrounding communities, roughly keeping pace with demand.

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* Other structures include religious buildings, amusement, government communications, and public recreation projects.
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