Portland Business Taxes Have Increased 32% Since 2019
The Portland Business Alliance and Downtown Portland Clean and Safe released the “2023 State of the Economy” report with research from ECONorthwest in late February. The report found:
- There has been a 32% increase in local business taxes in the City of Portland since 2019
- Portland metro employment grew faster than U.S. employment in 2022
- Jobs were recovered nearly or fully across the state by December 2022 but were down 4.5% compared to pre-pandemic levels in Multnomah County
- Construction and leisure/hospitality industries added the most jobs in the last year, but trade, transportation and utilities are lagging
- Census data estimates show sizable Multnomah County out-migration but Clark County growth
Read more and download the full report at PortlandAlliance.com/2023
HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com