New report highlights the value of jobs & international trade in Oregon
1 in 5 Oregon jobs are connected to trade, offering 11% higher wages on average
PORTLAND, Ore. – Trade is a major economic driver for Oregon and continues to grow in value, as highlighted in a new report released today and featured at the Portland Business Alliance’s Forum Breakfast on Wednesday, June 19 at the Sentinel Hotel.
The report, produced by the Alliance, Pacific Northwest International Trade Association (PNITA) and the Value of Jobs coalition, with research conducted by ECONorthwest, tracks the latest data and explores the impact of international trade across the greater Portland region and the state of Oregon.
“We are proud to lead this coalition in critically analyzing the value of jobs in trade for Oregon,” said Andrew Hoan, president and CEO of the Portland Business Alliance. “This report provides regionally specific facts, and helps drive important policy decisions that support jobs and keep Oregon competitive.”
“As trade talks heat up, it’s important to understand the impact federal policies may have on Oregon and why we need to preserve market access for our region,” said Maria Isabel Ellis, executive director of PNITA and director of federal affairs for the Portland Business Alliance.
“International trade in Oregon is what drives innovation and is closely tied with the history of commerce in our region,” said John Tapogna, president of ECONorthwest. “Oregonians who work in jobs connected to trade are three times more productive and earn, on average, significantly more.”
Oregon’s state of trade report at a glance:
- 505,700 jobs connected to trade in Oregon (1 in 5).
- Trade with Canada and Mexico supported 154,000 Oregon jobs in 2017.
- $58,730, average wage, weighted, 11% above state average.
- $28 billion produced and exported goods and services in 2017.
- 12% gross domestic product (GDP) depends on exports in Oregon.
- 88% exporters in Oregon are small and medium businesses.
The full report, including detailed data, can be found at ValueofJobs.com/TradeinOR.
Members of the press are invited: Wednesday, June 19 @ 7:30 a.m. at the Sentinel Hotel for our Forum Breakfast where experts on trade in Oregon will discuss the report’s findings. RSVP at firstname.lastname@example.org.
This report is made possible through generous support from Bank of America.
Pacific Northwest International Trade Association (PNITA) is an affiliate organization of the Portland Business Alliance, greater Portland’s Chamber of Commerce. PNITA is dedicated to supporting the global competitiveness of our region through education and advocacy on issues affecting Pacific Northwest industries reliant on international commerce. Learn more at: PortlandAlliance.com/PNITA.
Portland Business Alliance strives to promote and foster an environment that attracts, supports and retains private-sector jobs, spurs economic vitality and enables quality educational opportunities. Learn more at PortlandAlliance.com.
Value of Jobs Coalition members include Greater Portland, Inc., Port of Portland, Oregon Business Council and Oregon Business & Industry. Learn more at: ValueofJobs.com.