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Corvallis ranks 25th best small place for business, careers
Forbes rates areas with less than 240,000 people; Corvallis was ranked No. 67 last year
Theo Hendrickson
Issue date: 4/10/09 Section: News
Forbes Magazine has ranked Corvallis No. 25 on the "Best Small Places for Business and Careers" for small metro cities in the U.S.
The magazine's 11th annual survey takes areas that have populations of less than 240,000 and focuses on nine primary factors (costs, crime, educational attainment, four-year colleges, income growth, job growth, net migration, subprime mortgages and cultural and recreational opportunities) to determine the city's ranking. This year, Forbes added "projected job growth" and "subprime mortgages" to the list, which resulted in Corvallis' higher ranking from last year's survey, where they were ranked 67th.
"The general state of the economy won't affect Corvallis investors who have funds to promote new business or companies that have development problems to solve," said businessisgoodhere.com, a Corvallis-based website.
Hewlett-Packard, one of the main employers in Corvallis, had to lay off "about 250 people" from its workforce in February. According to the U.S. Labor Department, the federal government is giving nearly $1 million in additional job placement assistance and other services to 249 laid-off Hewlett-Packard workers in Corvallis.
The opening of the Oregon Nanoscience and Microtechnologies Institute in Corvallis was a huge development for the economy. They have been open since May of 2004. Operating out of Hewlett-Packard's local campus, they collaborate with Portland State University and the University of Oregon, along with private companies, such as the Pacific Northwest National Laboratory, the state of Oregon, selected researchers from the Oregon Graduate Institute and the Oregon Health Sciences University.
It has opened up Corvallis to the U.S. because it creates jobs for Oregonians through the generation of commercial products.
"Without the University, [Corvallis] wouldn't have anything," said Nina Birgitte, OSU business administration student.
OSU is one of the main contributors to the economic rising in Corvallis. OSU claims that the current overall student population is 19,753 students, which makes up about 25 percent of the city's "82,000 population," Forbes said. The downpour of new students coming to Corvallis creates more revenue for the local shops because "you can make a profit for businesses in a college town," Birgitte said.
The survey also included Bend and Medford for the small metro areas list. Eugene ranked No. 21 on the "Best Places for Business and Careers" list. Portland is ranked No. 26 and Salem is No. 54.
Theo Hendrickson, staff writer
news@dailybarometer.com, 737-2231
The magazine's 11th annual survey takes areas that have populations of less than 240,000 and focuses on nine primary factors (costs, crime, educational attainment, four-year colleges, income growth, job growth, net migration, subprime mortgages and cultural and recreational opportunities) to determine the city's ranking. This year, Forbes added "projected job growth" and "subprime mortgages" to the list, which resulted in Corvallis' higher ranking from last year's survey, where they were ranked 67th.
"The general state of the economy won't affect Corvallis investors who have funds to promote new business or companies that have development problems to solve," said businessisgoodhere.com, a Corvallis-based website.
Hewlett-Packard, one of the main employers in Corvallis, had to lay off "about 250 people" from its workforce in February. According to the U.S. Labor Department, the federal government is giving nearly $1 million in additional job placement assistance and other services to 249 laid-off Hewlett-Packard workers in Corvallis.
The opening of the Oregon Nanoscience and Microtechnologies Institute in Corvallis was a huge development for the economy. They have been open since May of 2004. Operating out of Hewlett-Packard's local campus, they collaborate with Portland State University and the University of Oregon, along with private companies, such as the Pacific Northwest National Laboratory, the state of Oregon, selected researchers from the Oregon Graduate Institute and the Oregon Health Sciences University.
It has opened up Corvallis to the U.S. because it creates jobs for Oregonians through the generation of commercial products.
"Without the University, [Corvallis] wouldn't have anything," said Nina Birgitte, OSU business administration student.
OSU is one of the main contributors to the economic rising in Corvallis. OSU claims that the current overall student population is 19,753 students, which makes up about 25 percent of the city's "82,000 population," Forbes said. The downpour of new students coming to Corvallis creates more revenue for the local shops because "you can make a profit for businesses in a college town," Birgitte said.
The survey also included Bend and Medford for the small metro areas list. Eugene ranked No. 21 on the "Best Places for Business and Careers" list. Portland is ranked No. 26 and Salem is No. 54.
Theo Hendrickson, staff writer
news@dailybarometer.com, 737-2231
Note: writers will not reply to comments.
Viewing Comments 1 - 1 of 1
Heather Bass
posted 4/21/09 @ 8:18 PM PST
Wow, Oregon is looking better and better as our California temps keep rising and our water pressure keeps dropping. How are the jobs in Education and Special Education in that area. (Continued…)
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