ADVANCED MANUFACTURING
Think it. Make it. Ship it.
KEY SECTOR
ADVANCED MANUFACTURING Innovation is in Greater Portland’s DNA; it’s how we stay ahead of the game. Advanced Manufacturing in the greater Portland area—known for cutting-edge products and industry standards—is reinventing and reenergizing itself. TALENT & WORKFORCE ACCESS & COST BUSINESS INCENTIVES
OVERVIEW
TALENT & WORKFORCE
Advanced Manufacturing
Labor Resources
Portland-Vancouver thrives on the strength of its advanced manufacturing sector. With an employment concentration that’s twice the U.S. average, metals manufacturing is a cornerstone of the industry. It’s also no coincidence that greater Portland-based Precision Castparts, Schnitzer Steel Industries and ESCO appear on the Fortune 500 and Inc. 5000 lists.
Greater Portland is a place where things are made. The region’s skilled manufacturing talent—engineers, welders, machinists, industrial designers, and assemblers—is 22% greater than the U.S average. The production workforce in Portland-Vancouver is also twice as concentrated as in other U.S. metros of the same size.
108k
Our Advanced Manufacturing industry is 108,000 people strong—and growing.
Greater Portland’s manufacturing exports have doubled in the last decade, now exceeding $21 billion annually. Advanced manufacturing, when included with computer & electronics, makes up 85% of Oregon’s total exports. Portland-Vancouver accounts for more than 70% of the employment in the sector. The Greater Portland region was recently selected as one of four U.S. regions to participate in the Brookings Institution Metropolitan Export Initiative. With a plan for continued growth in regional exports, this no doubt means a strong future for advanced manufacturing in the area. Interested in locating or expanding your business to Greater Portland? [email protected] 503.445.8065
Community colleges play a critical role in training the next generation of manufacturing workers. With more than 30,000 students, Portland Community College is the largest public or private college in the region. At the same time, a wide range of universities also maintain close connections to key partners in the industry from businesses to labor unions.
Training and Research Greater Portland has a strong commitment to nurturing research and development. With four state research universities and three Signature Research Centers, the region is a place that fosters collaboration and innovation in the advanced manufacturing sector. The Signature Research Centers—Oregon Nanoscience and Microtechnologies Institute (ONAMI), Oregon Built Environment & Sustainable Technologies Center, and Oregon Translational Research and Drug Institute (OTRADI)—use a ground-breaking approach to fostering research and development by providing a platform for cross-institutional collaboration. Key Sector Profiles: Advanced Manufacturing
1
Top Companies Encompassing more than 1,700 businesses, PortlandVancouver’s advanced manufacturing sector boasts specialties in metals manufacturing, electronics and components, aircraft and aerospace, and even modern-day streetcar design and production. Below are the region’s 10 leading advanced manufacturing companies, ranked by revenue:
Easy access to shipping and receiving is essential to most advanced manufacturing companies. Portland-Vancouver offers two ports, and its location on the Pacific Coast makes for direct and affordable access to Pacific Rim markets. With more than 250 daily non-stop flights, the region is also directly connected to many major U.S. cities: Atlanta, Boston, Dallas, Chicago, Houston, Los Angeles, New York, San Francisco, and Washington, D.C.
BUSINESS INCENTIVES Employer Name
Revenue ($ Millions)
Precision Castparts Corp.
6220.1
Daimler Trucks North America LLC
3049.1
ESCO Corporation
1122.3
Hyster-Yale Materials Handling, Inc.
484.3
BLOUNT, INC.
321.9
Electro Scientific Industries, Inc.
256.8
Evraz Inc. NA
218.2
Erickson Air-Crane Incorporated
152.8
Gunderson LLC
121.4
Oregon Iron Works, Inc.
98.5
ACCESS & COST Cost Advantages Nearly 50,000 Greater Portland residents are employed in the advanced manufacturing industry; the average wage for workers is $55,825. Industrial and warehouse space in the region is very reasonably priced when compared to other West Coast port cities. Industrial space is $0.51 per square foot and warehouse space is $0.45 per square foot—which is lower than most other West Coast cities. “We’ve been very fortunate to find both engineering talent and other technical talent. The machines that we use in our manufacturing operations, for instance, require skilled people. And due to the concentration of technology here in the Portland area, we’ve been fortunate to really find good people to help us fill those roles..” Steve Metzger - CEO of Biamp
Transportation Advantages A commuter’s paradise, Greater Portland is known for its amazing bicycle network and reliable public transit. With TriMet buses, MAX lightrail and the expanding streetcar network, it’s easy to navigate the city without a car. Six percent of commuters use public transit to get to work, and an impressive 3% bike or walk, which ranks the region among the top 10 in the country.
Oregon Incentives The Ernst & Young C.O.S.T. study ranked Oregon #2 for lowest taxes on new investment in 2011. Moreover, in Oregon there is no general sales-and-use tax, revenue tax, or inventory tax. While corporate tax is applied, Oregon has an advantage: Oregon’s tax is a single sales-factor tax for national and global businesses. Many states use multi-factor taxes. In other words, companies only pay tax on the amount of income received within state lines. Additional incentives include The Portland Seed Fund, an investment fund designed to address capital needs for entrepreneurs and local businesses.
Washington Incentives Washington has no corporate income or personal income tax. And unique to our region, there is no local business and occupation tax in southwest Washington. Washington also offers a machinery and equipment (M&E) sales and use tax exemption. Exemptions range from aerospace to food processing manufacturing to cater to a wide array of manufacturing businesses under the umbrella of advanced manufacturing.
ABOUT THE REGION Why Greater Portland? With breathtaking natural beauty and a rich history of innovation, the Portland-Vancouver region has defined itself as a world-class destination for business and life. The Greater Portland region, which includes seven counties and covers two states, has something for everyone. It’s no wonder that young, talented, educated, and innovative people are choosing to live in the geographic center of the Pacific Northwest. With the most modest cost of doing business on the West Coast, business-friendly local government, access to a world class shipping industry and a deep pool of talent—the area continues to attract big business as much as it nurtures home-grown enterprises.
Data sources include the following: U.S. Census County Business Patterns; U.S. Census Non-Employer Statistics, U.S. Bureau of Labor Statistics, Colliers, and PWC MoneyTree.
2 www.greaterportlandinc.com | 111 SW Columbia 830 Portland, OR 97201 | 503.445.8065 | ©2014 Greater Portland Inc | Advanced Manufacturing Version 02202014
KEY SECTOR
ADVANCED MANUFACTURING Innovation is in Greater Portland’s DNA; it’s how we stay ahead of the game. Advanced Manufacturing in the greater Portland area—known for cutting-edge products and industry standards—is reinventing and reenergizing itself. TALENT & WORKFORCE ACCESS & COST BUSINESS INCENTIVES
OVERVIEW
TALENT & WORKFORCE
Advanced Manufacturing
Labor Resources
Portland-Vancouver thrives on the strength of its advanced manufacturing sector. With an employment concentration that’s twice the U.S. average, metals manufacturing is a cornerstone of the industry. It’s also no coincidence that greater Portland-based Precision Castparts, Schnitzer Steel Industries and ESCO appear on the Fortune 500 and Inc. 5000 lists.
Greater Portland is a place where things are made. The region’s skilled manufacturing talent—engineers, welders, machinists, industrial designers, and assemblers—is 22% greater than the U.S average. The production workforce in Portland-Vancouver is also twice as concentrated as in other U.S. metros of the same size.
108k
Our Advanced Manufacturing industry is 108,000 people strong—and growing.
Greater Portland’s manufacturing exports have doubled in the last decade, now exceeding $21 billion annually. Advanced manufacturing, when included with computer & electronics, makes up 85% of Oregon’s total exports. Portland-Vancouver accounts for more than 70% of the employment in the sector. The Greater Portland region was recently selected as one of four U.S. regions to participate in the Brookings Institution Metropolitan Export Initiative. With a plan for continued growth in regional exports, this no doubt means a strong future for advanced manufacturing in the area. Interested in locating or expanding your business to Greater Portland? [email protected] 503.445.8065
Community colleges play a critical role in training the next generation of manufacturing workers. With more than 30,000 students, Portland Community College is the largest public or private college in the region. At the same time, a wide range of universities also maintain close connections to key partners in the industry from businesses to labor unions.
Training and Research Greater Portland has a strong commitment to nurturing research and development. With four state research universities and three Signature Research Centers, the region is a place that fosters collaboration and innovation in the advanced manufacturing sector. The Signature Research Centers—Oregon Nanoscience and Microtechnologies Institute (ONAMI), Oregon Built Environment & Sustainable Technologies Center, and Oregon Translational Research and Drug Institute (OTRADI)—use a ground-breaking approach to fostering research and development by providing a platform for cross-institutional collaboration. Key Sector Profiles: Advanced Manufacturing
1
Top Companies Encompassing more than 1,700 businesses, PortlandVancouver’s advanced manufacturing sector boasts specialties in metals manufacturing, electronics and components, aircraft and aerospace, and even modern-day streetcar design and production. Below are the region’s 10 leading advanced manufacturing companies, ranked by revenue:
Easy access to shipping and receiving is essential to most advanced manufacturing companies. Portland-Vancouver offers two ports, and its location on the Pacific Coast makes for direct and affordable access to Pacific Rim markets. With more than 250 daily non-stop flights, the region is also directly connected to many major U.S. cities: Atlanta, Boston, Dallas, Chicago, Houston, Los Angeles, New York, San Francisco, and Washington, D.C.
BUSINESS INCENTIVES Employer Name
Revenue ($ Millions)
Precision Castparts Corp.
6220.1
Daimler Trucks North America LLC
3049.1
ESCO Corporation
1122.3
Hyster-Yale Materials Handling, Inc.
484.3
BLOUNT, INC.
321.9
Electro Scientific Industries, Inc.
256.8
Evraz Inc. NA
218.2
Erickson Air-Crane Incorporated
152.8
Gunderson LLC
121.4
Oregon Iron Works, Inc.
98.5
ACCESS & COST Cost Advantages Nearly 50,000 Greater Portland residents are employed in the advanced manufacturing industry; the average wage for workers is $55,825. Industrial and warehouse space in the region is very reasonably priced when compared to other West Coast port cities. Industrial space is $0.51 per square foot and warehouse space is $0.45 per square foot—which is lower than most other West Coast cities. “We’ve been very fortunate to find both engineering talent and other technical talent. The machines that we use in our manufacturing operations, for instance, require skilled people. And due to the concentration of technology here in the Portland area, we’ve been fortunate to really find good people to help us fill those roles..” Steve Metzger - CEO of Biamp
Transportation Advantages A commuter’s paradise, Greater Portland is known for its amazing bicycle network and reliable public transit. With TriMet buses, MAX lightrail and the expanding streetcar network, it’s easy to navigate the city without a car. Six percent of commuters use public transit to get to work, and an impressive 3% bike or walk, which ranks the region among the top 10 in the country.
Oregon Incentives The Ernst & Young C.O.S.T. study ranked Oregon #2 for lowest taxes on new investment in 2011. Moreover, in Oregon there is no general sales-and-use tax, revenue tax, or inventory tax. While corporate tax is applied, Oregon has an advantage: Oregon’s tax is a single sales-factor tax for national and global businesses. Many states use multi-factor taxes. In other words, companies only pay tax on the amount of income received within state lines. Additional incentives include The Portland Seed Fund, an investment fund designed to address capital needs for entrepreneurs and local businesses.
Washington Incentives Washington has no corporate income or personal income tax. And unique to our region, there is no local business and occupation tax in southwest Washington. Washington also offers a machinery and equipment (M&E) sales and use tax exemption. Exemptions range from aerospace to food processing manufacturing to cater to a wide array of manufacturing businesses under the umbrella of advanced manufacturing.
ABOUT THE REGION Why Greater Portland? With breathtaking natural beauty and a rich history of innovation, the Portland-Vancouver region has defined itself as a world-class destination for business and life. The Greater Portland region, which includes seven counties and covers two states, has something for everyone. It’s no wonder that young, talented, educated, and innovative people are choosing to live in the geographic center of the Pacific Northwest. With the most modest cost of doing business on the West Coast, business-friendly local government, access to a world class shipping industry and a deep pool of talent—the area continues to attract big business as much as it nurtures home-grown enterprises.
Data sources include the following: U.S. Census County Business Patterns; U.S. Census Non-Employer Statistics, U.S. Bureau of Labor Statistics, Colliers, and PWC MoneyTree.
2 www.greaterportlandinc.com | 111 SW Columbia 830 Portland, OR 97201 | 503.445.8065 | ©2014 Greater Portland Inc | Advanced Manufacturing Version 02202014
