Digital agency directory DesignRush recently released a report revealing that Oregon has overtaken other US states as a top breeding ground for businesses in 2024.

The report covers September 2022 and 2023 and uses data from the Bureau of Labor Statistics. According to this report, Oregon showed a 9.9% rise in new business, meaning 18,273 new entrepreneurs opened shop within that time.

What makes Oregon great for business?

It’s not at all hard to see why Oregon is a great state for growing businesses. Oregon offers a unique blend of factors that make it an attractive destination for entrepreneurs.

Here are some key elements that contribute to the state’s business-friendly environment.

A robust technology sector

Oregon boasts of a strong pool of tech talent that includes engineers, software developers, and data scientists. The state supports research and development initiatives that foster innovation and technological advancements. Portland, in particular, is emerging as a thriving tech hub, attracting startups and established companies alike – which has earned it the nickname “Silicon Forest.”

Outdoor industry and manufacturing

The state has abundant natural resources that provide opportunities for industries like timber, outdoor gear, agriculture, and food processing. This is complemented by Oregon’s solid manufacturing base, which focuses on sectors like aerospace, clean technology, and consumer goods.

Access to infrastructure

The growth of any business is highly dependent on the available infrastructure that allows it to move its products. Oregon has a developed transportation infrastructure for facilitating the efficient movement of goods, from highways and railways to ports and airports. Moreover, the state’s location on the West Coast provides easy access to Asian markets, making it an attractive destination for international trade.

Oregon has plenty of organizations that support entrepreneurs.

Perhaps the biggest thing that Oregon has that makes it an excellent breeding ground for businesses is the support it provides – both from the government and from nonprofits.

On the government side, Oregon offers various tax incentives and programs, including research and development credits and exemptions, through Business Oregon. In addition to these incentives, the state provides resources and assistance to help enterprises start, grow, and succeed.

There’s also the education sector. Oregon has a strong education system and various workforce development programs to ensure a skilled local labor force.

And then, we have nonprofit organizations designed to help small businesses succeed. Here are some of them:

The Mid-Willamette Valley Council of Governments

The Mid-Willamette Valley Council of Governments (MWVCOG) is a voluntary association of local governments in the counties of Polk, Marion, and Yamhill. It assists these LGUs with community planning and development projects to cultivate economic development in the region.

Oregon Entrepreneurs Network

Oregon Entrepreneurs Network (OEN) is dedicated to developing a strong and collaborative business community in Oregon and SW Washington. It focuses on entrepreneurs in the early stages of their journey through funding, education, networking, and mentoring. 

SEDCOR

Strategic Economic Development Corporation (SEDCOR) is committed to building up Willamette Valley as a thriving business hub. SEDCOR gives entrepreneurs opportunities to expand and create more jobs for the community by connecting them to funding, education, networks, and resources. Access to these opportunities is as simple as filling out an intake form.

Oregon is a fertile ground for growing businesses, whether they’re new or established. In this state, anyone who aspires to entrepreneurship has the means to turn that dream into reality.

Sacred Fire Creative helps startups and small businesses launch to greatness by building authentic branding and strong connections with audiences. Contact us today, and let’s see how we can collaborate.