Tech employment outlook is bright
Tech activity remains concentrated in the Portland metro, dubbed Silicon Forest, with 43,580 people employed as of 2018.
September 25, 2019
- Collectively, the top 25 largest technology companies in Oregon and SW Washington employ 32,796, with employment at Intel outweighing all other employers significantly at more than 12 times the next largest employer, Comcast.
- Tech activity remains concentrated in the Portland metro, dubbed Silicon Forest, with 43,580 people employed as of 2018.
- Intel has long been the largest tech employer in the state and it currently employs roughly 14,500 at their Ronler Acres Campus in Hillsboro and over 20,000 statewide. The company has officially broken ground on the third phase of its D1X manufacturing complex named Mod3, which will add 1.5 million square feet, taking the 3 phase plant to just under 4 million square feet. The cost of the addition is expected to run Intel between $4-5 billion and the company is predicting that it will add 1,750 employees to their Oregon workforce by 2021.
- Two other tech manufacturing companies made major news this month in Hillsboro. British semiconductor maker Edwards Vacuum opened their new 75,000 square foot North American headquarters and will increase their local presence to more than 250 people. Japanese firm JSR Micro Inc. recently began construction on a $100 million, 79,000 square foot quality assurance facility. Both companies are located in close proximity to Intel.
- Software leasing activity has also been on the rise with Google, New Relic, Coinbase, Act-On and Bumped all growing their Portland footprint significantly in 2019.
Source: Portland Business Journal, Oregon Live, JLL Research