The financial numbers paint a grimmer picture of Portland than they do of the other west coast cities.
The city, the county, and the state all spend increasing proportions on debt service, and the rewards for earning a lot of money are much less than the neighboring state.
The total fertility rate is also one of the lowest in the country. And Portland lacks a flagship university to bring in young talent.
It might be a nice place to visit during the summer months, but I don’t foresee many high paying jobs or highly profitable businesses being made there.
If OSHU could expand to a serious biotech research uni that could maybe fill the gap and kickstart something. That’s where I would start. But I don’t know if it could eve happen. Portland definitely hurt by not having OSU or OU - compared with Seattle/UW, Austin/UT, Madison/UW etc.
It's a decent school, but beset by the same 'Portland problems' that ruin it for the people who would be starting businesses. For example, during the last riot in Portland, the PSU library was taken over and rendered unusable for several quarters. If you were using this public space to do research or to work with friends to start a business... good luck... It's just gone in a day, and the university does nothing, and even encouraged the rioters.
I agree that Portland does need public space to co-work and to be close to research. Unfortunately that would take investment… and that’s not forthcoming, not even public $.
That being said, as someone who took a few graduate stats courses at PSU, I don’t think the library would have been the right place anyway - it always couched itself as a commuter access school that relied heavily on transfers from community college, and the library reflected that. It’s definitely not a well-resourced research institution, and with the retrenchment of federal funding for research and financial aid I’m not sure what it’ll focus on.
The city, the county, and the state all spend increasing proportions on debt service, and the rewards for earning a lot of money are much less than the neighboring state.
The total fertility rate is also one of the lowest in the country. And Portland lacks a flagship university to bring in young talent.
It might be a nice place to visit during the summer months, but I don’t foresee many high paying jobs or highly profitable businesses being made there.