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Economic Development Strategic Plan
Why is Economic Development Important?
The City of Tualatin recognizes that a fundamental element to the overall quality of life is the health of the local economy. Businesses provide jobs, a strong tax base to support high quality services, and bring prosperity to the community. Furthermore, businesses contribute significantly to local charities and sponsor community events.
What is the Focus of the Economic Development Strategic Plan
The overall goal for Tualatin’s economic efforts is to continue a leadership role as one of the premier economic activity centers in the greater Portland metropolitan region by focusing on growing family wage jobs in targeted business clusters while encouraging high standards and excellence in urban design.
Every job created in Tualatin is a benefit to the local community. With limited time and resources, the Economic Development Strategic Plan targets five key industry clusters for two distinct reasons. First, the strongest industry clusters in Tualatin provide the most jobs with significantly higher average wages. Second, over 90 percent of the available developable land is targeted for industrial growth.
What are the Strategies?
The strategies are centered under the following objectives and actions:
Strategy 1: Business Retention, Expansion, & Recruitment
- Retain and Expand Existing Businesses
- Focus on Filling Existing Buildings
- Target Key Industries
- Assist with Site Readiness
- Market Tualatin's Assets
Strategy 2: Business Climate / Competitive Positioning
- Identify Code and Process Changes
- Collaborate Regionally
- Assist Business Startups and Entrepreneurship