Report Reveals Clark County Attracting More Residents than Multnomah County Amid Portland's Economic Struggles
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According to a report by The Oregonian/Oregonian Live, Portland's economic growth has been impacted by the fallout from the COVID-19 pandemic, leading to concerns that it is losing out to its neighbor to the north. The report states that residents moving to the Portland metro area are more likely to choose Washington state's Clark County over Multnomah, Washington or Clackamas counties in Oregon. Additionally, Clark County's job growth since the pandemic began exceeds that of Multnomah County. Mike Wilkerson, partner and director of analytics at ECONorthwest, presented the report's findings and noted that "Portland is not one of the fastest growing cities nor one of the fastest growing regions as it used to be". Portland's struggles are particularly noticeable in its business core, where foot traffic is still down compared to 2019 levels, largely due to the fact that it has relatively more offices and fewer residents. The report also highlights that Portland's downtown has struggled, in part because of its reputation and recent vandalism. The city has also experienced higher business taxes, which could drive businesses to relocate.
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