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The Milken Institute, a Santa Monica-based think tank, recently published a study in which the Portland area ranked No. 2 on a list of the nation's top 10 fastest-growing technology centers. Seattle.internet.com caught up with Perry Wong, who worked on the report, to find out why Portland and Eugene ranked so high, how Seattle fits into the picture and what's the deal with Brownsville, Texas taking the top spot?
seattle.internet.com: How have internet companies contributed to Portland and Eugene's placements as fastest-growing technology centers?
Perry Wong: First of all, it is not just "internet companies". It is more a cluster of internet technologies and software engineering. These industries tend to specialize on software producing and servicing. They tend to be smaller or nimbler than the "big service houses" or high-end manufacturing shops. It is relative easy to set up a company in a rather "remote" (relatively speaking) regions such as Portland and Eugene-Springfield. Since 1995, these types of companies experienced the fastest growth, both in terms of outputs and employment.
seattle.internet.com:Is there a reason Seattle didn't make the list? How do you see the growth trends in the Seattle area?
seattle.internet.com: What is unique about Brownsville, Texas? Is there anything the Pacific Northwest market can learn from them?
Perry Wong:It's Telecom!Telecom!Telecom, with a big "tech" in front of it. I guess the real lesson should be that the governments (both at state and local levels) worked hard to re-establish TX industry after the oil-bust. In some sense, both AZ and TX worked hard and proactively to attract tech companies moving their ways at a very early stage. But with such rapid advancement in high-tech, I don't know if there is a quick way to dub that strategy.