2014 National Convening Skills Presenations Portland Plan | Page 124

THE PORTLAND PLAN Unemployment Rates, December 2011 Year change Multnomah County 8.3% –1.3 Portland-Vancouver-Hillsboro, OR-WA MSA 8.6% –1.8 Oregon 9.0% –1.7 United States 8.5% –0.9 Source: Oregon Employment Department, Oregon Labor Market Information System, December 2011. While employment is increasing across the board, given past trends, it is likely that some of Portland’s communities of color are still experiencing disproportionately higher unemployment rates. As Portland works to bring more jobs to the city, it will be crucial to support practices that significantly reduce unemployment rates for many of Portland’s communities of color. Employment Status by Race/Ethnicity, 2010 Portland, Oregon Target sector business development, innovation, and international trade Portland’s adopted Economic Development Strategy calls for supporting the traded sector industries in which Portland has a competitive advantage — Advanced Manufacturing, Athletic and Outdoor, Clean Technology and Software and Research, and Commercialization — to increase the global competitiveness of these engines of a economic growth and to retain and cre­ te livingwage jobs. The strategy includes investing in urban innovation to position Portland at the cutting edge of sustainable solutions and maintain the vibrancy of our central city. Infrastructure In coming decades, the City government and partner agencies must do the following to help support job growth across all industries: Source: American Community Survey 2006–2010, 5-year estimates. „„ Invest in freight mobility improvements and transportation demand management to reduce auto travel by increased use of transit, telecommuting, bicycling and walking. „„ Implement our broadband strategic plan to support high tech industry clusters as well as improve our transportation network to provide better access to employment across the city. „„ Continue to maintain and upgrade the transportation and other service systems we already have. The city, and the region, will need to develop new ways to fund infrastructure if we want to provide a competitive and innovative business environment. 118 April 2012 | www.pdxplan.com