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Business Oregon Releases New Five Year Strategic Plan
Business Oregon [6]
Business Oregon released a strategic plan that maps out priorities, strategies, and actions for the state of Oregon’s economic development agency over the next five years.
“Stepping back to craft a thoughtful, prioritized strategic plan is critical for any organization, but particularly for our state’s economic development agency charged with driving economic opportunity and growth,” said Governor Kate Brown. “Business Oregon has delivered a plan that takes valuable analysis and lays out clear priorities focused on innovation, growing Oregon small businesses, stabilizing our rural economies, and promoting shared prosperity.”
The plan identifies the most pressing economic development challenges confronting the state of Oregon, from both quantitative analysis and qualitative perspectives of stakeholders. The resulting priorities and strategies developed specifically address the shifting economic landscape, changing demographics, and unique strengths of Oregon’s industries, businesses, and entrepreneurs.
“This plan is targeted and outcome-focused,” said Business Oregon director Chris Harder. “Our strategic plan will inform our initiatives, work plans, program implementation, and budget decisions. And we know outcomes of our work will not be achieved alone, our partnerships throughout the state will determine our shared success.”
Business Oregon communicated with hundreds of stakeholders. Participants included state legislators and elected officials, local governments, tribal leaders, heads of regional business development organizations, business CEOs, representatives of academic institutions, entrepreneurs, and Business Oregon staff.
Priorities identified in the plan are:
•Innovate Oregon’s Economy
•Grow Small- and Middle-market Companies
•Cultivate Rural Economic Stability
•Advance Economic Opportunity for Underrepresented People
•Ensure an Inclusive, Transparent, and Fiscally Healthy Agency