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