Portland entrepreneurs hiring more employees, earning more revenue than global competitors


Study indicates Portland-based entrepreneurs are better positioned than industry peers.

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BY JACOB PALMER | DIGITAL NEWS EDITOR

A study conducted by the Portland chapter of the global Entrepreneurs’ Organization network indicates Portland-based entrepreneurs are better positioned than industry peers.

The survey of more than 10,000 entrepreneurs in 46 countries found that 96 percent of the Portland group would start a business in the current economic state, Portland Business Journal reports.

The PBJ article cited EO Portland chapter president Paul Williams, who described ways in which Portland entrepreneurs bested their industry peers:

  • Boosted the number of full-time employees, 65.8 percent to 56.1 percent, more than their global market peers.
  • Collected higher revenue figures, by a 79 percent to 66.5 percent count.
  • Reported increases in net profits. Some 64.5 percent of Portland-area entrepreneurs experienced net profit increases, compared to 60 percent globally.

Portland’s EO chapter counts 85 member companies that earn a combined $973 million annually and employ nearly 2,000 workers.

 

 




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