Nestled at the confluence of the Willamette and Columbia Rivers in northwestern Oregon, lies the city of Portland, nicknamed the Rose City, The City of Roses, and "Beervana" because it has more micro-breweries inside the city limits than any other city in the world.
Once reliant on timber, fishing and agriculture, Portland’s diversified economy now includes technology, healthcare and education with a special emphasis on clean technology, advanced manufacturing, software and active wear. Fortune 1,000 companies Nike (#115), Precision Castparts (#322), Stancorp Financial Group (#755) and Schnitzer Steel (#803) call Portland home. Intel, the world leader in semiconductor chip manufacturing and the region’s largest employer, has expanded its Hillsboro campus, 16 miles west of downtown, potentially adding as many as 1,000 long-term manufacturing jobs. Providence Health System, Legacy Health System and Kaiser Foundation Health Plan support a combined 33,863 jobs, underscoring the importance of the healthcare industry to the Portland-Vancouver-Hillsboro MSA.
According to the Bureau of Economic Analysis, at 22.8%, Portland had the fastest GDP growth rate from 2008-2013 of all major metropolitan areas in the country; and with annual GDP growth of 2.7% from 2012-2013, the Portland MSA made the Bureau’s recently released Top 20 Major Metro Fastest GDP Growth List for 2012-2013. Domestic and international trade support over 140,000 jobs in the Portland region and generate nearly one-fifth of the city’s economic activity. According to the International Trade Administration, the Portland MSA is the 20th largest export market in the U.S. with $17.6 billion in merchandise exported in 2013, just behind San Diego-Carlsbad at $17.9 billion and Atlanta-Sandy Springs-Roswell at $18.8 billion.