Introduction Policy Strategies
A growing and healthy economy generates demand for commercial and industrial site development, housing starts, and construction activity. Building rehabilitation and neighborhood revitalization are dependent upon a favorable business climate. Market opportunities stimulate the expansion and diversification of existing businesses, the attraction of new economic activities, and generation of employment opportunities. Conversely, a community with a constrained or deteriorating economy experiences high unemployment and building vacancy rates, substantial slowdowns in rehabilitation, construction and site development activities, and loss of business and industry.
The 1960's and 1970's were a period of industrial development, commercial expansion and job generation in Oregon and Multnomah County. Households attracted by growing job and business opportunities generated new local markets for consumer goods and services. Wholesale trade and industrial activities grew in response to increased demand for Oregon products and expanded foreign trade activities with the Pacific Rim countries. Historically, a labor force exporter, Oregon in the 1970's became a labor force importer. Local land use and economic development planning efforts were supported by the adoption of statewide land use goals, availability of federal and State planning grants, and a growing economy. Economic debate around the State tended to focus on the growth - no growth policy alternatives. Private and public resources were available to stimulate private capital investment and build public services and facilities. The State and local economies recovered quickly from the short-term recession of 1974-75.
Planning efforts in the 1980's are not occurring under the favorable economic conditions of the 1970's. The long-term recession of the late 1970's and early 1980's has affected every sector of the economy and segment of the community. Unemployment is higher than it has been since 1940. The number of bankruptcies has tripled. Inflation rates have dropped, but the real costs of capital, land, energy and labor have increased dramatically. Business and industry are faced with survival issues. Public and private resources are decreasing while demand for community and individual social and financial support services is escalating. No longer are jurisdictions faced with the growth - no growth policy alternatives and how to direct economic activity growth in the landscape. While Multnomah County's Diversified Economic Base and position as a major American trans-shipment point for international trade initially softened the impacts of the recession on its economy relative to the other areas of Oregon, the accumulative effect of the national economic trends and decline in demand for Oregon lumber and wood products have caused record unemployment rates, firm closures, bankruptcies and budget deficits.
Multnomah County's economic development program is faced with two distinct but interdependent tasks: revision of the long-range economic development program policies and strategies, and further elaboration of a public response and interim set of strategies to minimize current recessionary impacts. Present economic conditions have dramatized the importance of maintaining a diversified economy that will minimize the community's vulnerability to national trends and business cycle fluctuations. The long-term policies must be aimed at the stabilization, diversification and growth of the local economy and maintenance of a favorable market climate for business and industry. Interim measures must focus on immediate steps available to a local government for the amelioration of recessionary impacts on the individual, household, and firm.
National recovery and development of new market opportunities will stimulate business investment and job generation. Each region embodies a unique set of physical, environmental, social and economic constraints and potentials. Whether a local community will be able to capitalize on opportunities will be dependent upon its local policies, regulations and business climate. The long range goals of Multnomah County's economic development program are:
Provision of present and future employment opportunities to meet the needs of citizens in Multnomah County;
Introduction Policy Strategies
The County's policy is to:
Maintain the economic deveiopment advisory commission and implement a County economic development program consistent with federal, state and local land use policies and programs and responsive to private sector development needs.
Maximize the use of developable commercially and industrially zoned sites, and
Introduction Policy Strategies
The County should participate in the following efforts to meet the employment needs of residents and private sector firms:
Columbia Industrial District, Cully/Parkrose Business and Industrial Districts, Mall 205/Gateway Commercial District, Prunedale Industrial Area, Light Rail Transit Corridor Station Areas, Rockwood Commercial Center, Wilkes Industrial District, SE 122nd and Division, SE 122nd and Stark, SE 182nd and Division and SE 82nd Avenue in Errol Heights.
The adequacy of available developable commercial and industrial sites varying in size, locational features, levels of public services and facilities, and amenities to meet the needs of varying scales and types of business and industry;