1. Progress Report on the City’s Economic Development Strategy:
Small Business & Neighborhood Vitality
November 12, 2009

2. Outline Overview of Strategy Progress Report on Goals:
Small Business Focus
Progress Report on Goals:
Goal 1: Maximize Competitiveness
Goal 2: Urban Innovation
Goal 3: Neighborhood Business Vitality
Presentation November 12th

3. The Approach

4. Portland is a Small Business Town
94% of business have < 50 employees
87% of businesses < 20 employees
Note: Firms with zero employees are sole proprietorships

5. PDC is a Small Business Agency
Services for our customers
Small Business
Finance
Technical Assistance
Workforce Equity
Revitalization

6. Target Industry Clusters
Organization
PDC Commission
Other PDC departments include:
Central Services
Executive
Executive Director
Urban Development Dept. (NEW)
Central City
Team
Business and Industry
Neighborhoods
North/NE
(Interstate/MLK
East/SE
(Lents/
Gateway)
Target Industry Clusters
Business Finance
Westside
URAs
Close-in Eastside
URAs
Comm.
Eco Dev.
International
Industrial
North Mc/
South Wat. 6 6

7. GOAL 1: Maximize Competitiveness % of firms with 20 employees or less
Target Industries are Predominantly
Small Businesses
Portland Profile
Target Industry
Avg. # of Employees
% of firms with 20 employees or less
Advanced Manufacturing 58
66%
Clean Tech/Sust Industries 21
77%
Software 10
90%
Activewear 18
92%

8. GOAL 2: Drive Urban Innovation
Connecting Small Businesses & Local Workforce
with Opportunities
Providing working Capital for Small Contractors
Connecting local contractors to Clean Energy Works
Investing $200,000 in Green Features grants to 8 small businesses
M/W/ESB contracts exceeded $74 million in last two years, 35.2% of all PDC contracting dollars
Set stage for additional $42 million of private investment in M/W/ESB contracts in South Waterfront
Of construction hours on PDC projects:
24% by women and minorities
23% by state registered apprentices
Cue video
Leveraged $350,000 in private investment.
(goal is 20%)

9. GOAL 3:Neighborhood Business Vitality
Implementation Update 0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
3.1. Small Bus. Technical Assistance & Entrepreneurial Education
3.2 Small Business Portal and Hotline
3.3 Green Main Streets
Activewear Study - Local activewear CEOs are convening in October to kick off a study of the activewear industry. The study will produce an industry directory and genealogy map, and is expected to lead to additional industry collaboration.
Materials Lab is a collaborative, industry-led effort to establish a library to share innovative materials for industries ranging from apparel to industrial design to architecture. An advisory committee has been established and a business plan is being developed for the Lab.
ReVolt Technology selected Portland as the home for its U.S. headquarters, with up 250 jobs projected for the region.
eTek awarded $100 million to study electric vehicle usage. Nissan will partner with eTek to test 1,000 electric cars and 2,500 charging stations in the Portland area.
Three Oregon battery manufacturers received $340 million in stimulus to develop new battery technology.
Portland and Oregon continue to generate strong interest for EV manufacturing operations.
Iberdrola Renewables awarded over $550 million in stimulus grants to invest in wind farms throughout the the U.S., including $94 million in Oregon.
Horizon Wind Energy received $47.7 million to develop a wind farm in Oregon.
PDC is working with local wind companies and manufacturers to develop a supply chain map to identify opportunities for local produced components.

10. GOAL 3: Neighborhood Business Vitality Quarterly Report
Achievements to Date
Small Bus. Technical Assistance & Entrepreneurial Education
Commercial District Revitalization
Alignment of Services & the Small Business Portal
Small Business Law Clinic:
331 businesses; 771 matters; 77% of businesses MW or recent immigrants
Chambers of Commerce:
African American Chamber of Commerce of Oregon*: 446 businesses; 1117 phone consultations
Hispanic Metropolitan Chamber of Commerce**: 445 businesses; 445 ESB, 66% WBE, 25% M
Micro Enterprise Investments:
$900,000 across 7 providers (including OAME, MercyCorps, PSU)
*over a 10-month period
**over a 15-month period
Portland Main Streets/Nationally recognized program launched and applications will be available in January 2010.
Commercial streetscapes underway:
Russell Street (Lower - Albina)
102nd Avenue (Gateway)
Denver Avenue (Kenton)
Foster/Woodstock (Lents)
N/NE Economic Dev. Initiative Launched
MAX Green Line Station Area Planning underway
Hotline launched 865-4BIZ
1-Stop Website driving alignment between providers
Economic Opportunity Initiative joins PDC
Community Investments
Storefront Grants:
84 grants – aprx. $1M invested
Dev Opp. Grants: 144/$1.4M
Loans/Grants to Businesses:
11 investments/$1.1M
Community Livability Grants: grants awarded to 6 nonprofits in Interstate Corridor URA - $350,000
Hotline launched 865-4BIZ
1-Stop Website driving alignment between providers:
Small Business Development Center
Alliance for Portland Neighborhood Businesses Associations
City Economic Opp. Initiative

11. GOAL 3: Neighborhood Business Vitality
Community Economic Development:
Helping Small Businesses and Boosting Neighborhoods
What the Future brings…
Within 1 year
2 - 5 years
Up to four neighborhoods selected for national recognized Portland Main Street program
Small Business Hotline and Web Portal in operation
Comprehensive community economic development strategy adopted
N/NE Economic Initiative and decision on expansion of the Interstate URA to bring more wealth-creation opportunities to N/NE
Up to 6 additional neighborhoods incorporated into Portland Main Street program
Localized Neighborhood Investment
Lents
“Green” Urban Plaza in Gateway
92nd/Harold
Vanport Phase III
Downtown Kenton redeveloped
Created seed fund, new financial tools and a better environment for start-ups and entrepreneurs

12. Questions/Comments