For business owners who are looking to optimize their operating costs while leveraging a vibrant economic environment, Greater Portland is a premier destination.
Along with being one of the cheapest cities on the West Coast, Portland's cost of business offers all businesses a strong foundation for growth with an advantageous tax structure, competitive real estate prices, strategic incentives, affordable utilities, and reasonable labor costs. Learn how the region’s pro-business approach makes managing expenses and maximizing returns easier. Read more below on what makes Portland one of the most affordable West Coast City.
Greater Portland’s Pro-Business Climate
The Greater Portland Oregon area fosters a supportive, innovation-driven business environment. With a skilled workforce, global connectivity, and extensive infrastructure, the region is well-suited for companies aiming to scale and compete on a global level. Whether you choose the City of Portland or the greater region, you’ll find that doing business in Oregon is more affordable compared to similar markets like California
Greater Portland’s Tax Structure - Fast Facts
19%
Cheaper office space per square foot compared to comparable markets (Portland, Oregon)
*GPI Research
4%
lower utility costs than the national average (Portland, Oregon)
*GPI Research
0%
Sales Tax for the State of Oregon
2%
Business Income Tax (Oregon)
Business Friendly Tax Structure
The Greater Portland region boasts a bi-state and local tax landscape designed to encourage business investment. Comprised of Multnomah County, Washington County, and Clackamas County, Greater Portland’s local and state tax incentives and exemptions may be available for further business development.
Oregon businesses benefit from zero general use or sales tax and zero inventory tax, which provides considerable savings on operating expenses. The absence of state capital tax on asset value makes it easier to allocate funds toward growth and new opportunities.
Across the river in Washington, the tax environment is similarly beneficial for both businesses and taxpayers. The state has no corporate or personal income tax. While Washington does have a Business & Occupation (B&O) corporate activity tax based on gross receipts, the absence of taxes on net income allows for strategic tax planning.
Learn more about Greater Portland’s tax structure.
Affordable Commercial Real Estate
Greater Portland businesses can take advantage of operating in one of the most affordable West Coast cities with the region's competitively priced commercial and industrial real estate with affordable property taxes compared to neighboring regions. The average cost per square foot for office space in the Portland metro area is $29.44, giving you an edge in reducing overhead and increasing profitability.
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Wallet-Friendly Utilities
Utility costs in the Greater Portland area are among the most competitive in the region, helping businesses further reduce operational expenses. Portland’s utility rates are about 4% lower than the national average, allowing companies to save on electricity, water, and other essential services. Compared to surrounding metropolitan areas, Portland’s efficient infrastructure of utility providers and lower rates offer a cost advantage that supports sustainable, long-term growth for businesses of all sizes.
Easy-to-Access Resources
Established companies and small businesses can connect to Greater Portland Inc’s (GPI) resources, which can help streamline setup and reduce overhead. From financial incentives to finding the perfect location and local business license support, we’re here to ensure your success.
See How Your Business Can Scale in Greater Portland
Discover how Greater Portland’s operating costs and unique business environment can accelerate your company’s success. Contact the GPI team today to explore opportunities tailored to your needs.