Report: After years of steady growth, Portland at an urgent ‘economic crossroads’

After years of steady growth and booming tourism, Portland’s economy is at a “crossroads” and local leaders need to act with urgency, say the authors of a new study.

“We’ve assumed positive population growth, we’ve assumed jobs recoveries from previous recessions. We’ve also assumed a good quality of life and a reasonably affordable place to live. Those assumptions are no longer valid,” said Andrew Hoan, CEO of the Portland Business Alliance who released its 2022 State of the Economy report Wednesday. “And so what the future holds depends on what our leaders in office and policy holders do with this information and how they act on it.”

Read more from KGW here.