Portland is the #1 Place for Business and Careers in 2017

In a story published just last week, Forbes declared that Portland holds the top spot on the list of Best Places for Business and Careers, moving up from the #5 spot last year.

Here are a few highlights from the Forbes data:

  • Annual household incomes are up 4% since 2011 and unemployment has fallen below 4% from a peak of 11.3% in 2009.
  • Portland now has the ninth-highest concentration of highly educated millennials based on data from Experian.
  • Companies with a large local presence in the Portland metro like Nike, Intel, Daimler and Boeing benefit from the 36 universities and 150,000 college students within 50 miles of the city center.
  • Well-paid STEM fields (science, technology, engineering and math) account for 7.2% of all jobs in the metro area, well above the national average of 5.8%.
  • Google opened its first office in Portland last year, joining other tech stalwarts like Hewlett-Packard, eBay and Salesforce. Startups are also popping up, giving rise to the nickname “Silicon Forest.”

Portland also landed the #5 spot on Forbes’ list of Coolest Cities. More details on that can be found here.