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The Oregon Business Plan is a vision for Oregon's economic future and a road map for what it takes to get there.
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The Oregon Business Plan
Spring 2010
What is the Oregon Business Plan?
• A shared vision of Oregon’s economic future and what it takes to get there
• A common agenda for the business community
• A sustained, productive partnership between business and public leaders
Business Plan Framework
Goal+
Vision+
Strategy+
Initiatives
Oregon Business Plan Goal
Jobs and the
Economy
Goal: Create quality jobs for all Oregonians.
Business Plan Framework
Goal+
Vision+
Strategy+
Initiatives
OBP Vision: Traded Sector Success Through Innovation
• Leading-edge traded sector (export) companies are the engine that grow quality jobs and statewide prosperity.
• Oregon has many companies competing well through innovation in product and process, good R&D, smart marketing, and other practices.
Traded Sector Drives Growth
Traded/Export Sector
Suppliers
Local
Sales to the rest of the world
Most jobs are here: schools, hospitals, grocery stores, restaurants
But firms in this sector drive the economy
Clustering is Critical
• Traded sector success isn’t random – traded sector businesses cluster
• Similar and related businesses draw advantages from proximity
• Places specialize
Business Plan Framework
Goal+
Vision+
Strategy+
Initiatives
Four Ps for Prosperity
• People: Support for the education & training of our current & future workforce.
• Place: Working to enhance Oregon’s quality of life and resource utilization.
• Productivity: Ensuring the availability of cost-competitive public and private resources and services.
• Pioneering Innovation: Support for innovative research, business formation, availability of investment capital, and commercialization of research.
The 5th P – Public Finance
Business Plan Framework
Goal+
Vision+
Strategy+
Initiatives
Progress on Some Specific Initiatives of the Plan
• Reform the PERS system• Identify shovel-ready industrial land• Support higher K-12 standards• Invest in roads and bridges• Improve international air access• Establish innovative signature research
centers• Simplify and streamline state regulation and
permitting• Create a state rainy-day fund
……..but much work remains.
Business Association Endorsements (Partial List)
• American Electronics Association, Oregon Council• Associated Oregon Industries• Oregon Association of Minority Entrepreneurs• Oregon Business Association• Oregon Business Council• Portland Business Alliance• Oregon Science & Technology Partnership• Software Association of Oregon• Ambassador Program of the Portland Development Commission• Oregon Independent Colleges Association• Strategic Economic Development Corporation• Albany Area Chamber of Commerce• Beaverton Area Chamber of Commerce• Canby Area Chamber of Commerce• Corvallis Area Chamber of Commerce• Forest Grove Chamber of Commerce• Grants Pass/Josephine County Chamber of Commerce• Gresham Area Chamber of Commerce• Hillsboro Chamber of Commerce• Lake Oswego Chamber of Commerce• The Chamber of Medford/Jackson County• Newberg Area Chamber of Commerce• North Clackamas County Chamber of Commerce• Roseburg Area Chamber of Commerce• Sherwood Chamber of Commerce• Tualatin Chamber of Commerce• Woodburn Area Chamber of Commerce
Regional Meetings 2010
• Two rounds: spring and fall
• Bring business and community leaders together to discuss the facts about Oregon’s economic and budgetary trends and trajectory.
• Develop ideas for specific initiatives to pursue in partnership with elected leaders in three areas:
-Specific actions to create jobs and increase incomes now-Ideas to improve the state budget and budget process-Tax reform from tweaks to overhauls
Leadership Summit: December 13 2010Oregon Convention Center
• Bring together business, political& community leaders from across Oregon
•Make commitments to act on specific initiatives identified in the Plan
• Identify road blocks
•Celebrate successes