The Stakeholder Group: Portland's Development Commission

The Stakeholder Group has the main goals of supporting business, enriching the creative economy and growing the economy. The three goals steer the economic growth direction for the City.
The City also has a Development Commission that was created in 1958 by the voters. It is Portland’s economic development and urban renewal agency. The commission has an executive director who is accountable to the Board of Commissioners that is made up of five (5) members who are nominated by the mayor and accepted by the City Council. (Portland Developmet Commission, 2014)
The sole mission of Portland’s Development Commission is to create economic opportunity as well as oversee growth for the City of Portland. The Commission also promotes the best parts of
Once a strategic plan has been finalized, the Commission directs the drafting and negotiation of the memoranda of understanding and agreements between the major stakeholders and actors in charge of specific elements of implementing the strategic plan.
In implementing economic development plans, Portland’s Development Commission has joined forces with partners to encourage job creation and economic growth through global entrepreneurship and trade, well developed programs that support the industry clusters, direct business expansion and enlargement, and management of programs like business lending and Enterprise Zone.
The commission stimulates a wide range of economic prosperity by supporting contracting practices that are equitable, providing technical assistance for small businesses, developing a workforce and providing local businesses with grants.
Finally, the Commission promotes Portland’s prime places through the improvement of infrastructure such as parks, transportation, providing service grants, investing in property redevelopment and partnering with the public as well as the private
However, the City’s position in traditional economy has become fragile over time and thus, it needs to be at the top of the emerging green technology economy. The City is aiming at becoming the giant in the green technology economy throughout the world. It finds itself at a very special competitive position because of several interconnected factors. First and foremost, Portland has some of the highest concentrations of companies in green building, recycling, environmental services, and renewable energy sectors. Specifically, the city is well known for concentrations in wind energy and green building firms. The City is also at an advantage as it has almost forty firms dealing with solar energy. It also has a lot of employees who are quite experienced in the clean technology firms. To sum it up, when green and clean technology firms need a new location for business expansion, Portland is usually among the first Cities to be