America's Growth Cities
From Start To Finish
Portland, Oregon could be a metaphor for a city that brackets the life cycle, it being one of the most fertile places for tech startups and the entrepreneurs who give them birth, and the lowest cost city in which they can later enjoy their retirement years (as determined by MagnifyMoney.com). To put it simply, Portland is a low-cost thriving city in which to live a pleasurable life and to do business.
Live In America EB-5 has entered into an agreement with international real estate company Coldwell Banker that will aid us in helping EB-5 investors and their families make quality-of-life decisions in their relocation to America.
Portland is a quality city that we believe EB-5 investors would do well to explore. As Coldwell Banker says in their Portland literature, “Music, art and food are just a few of the highlights of this ever-evolving, highly desirable urban center.” The evolving began in the 1830s when cross-country travelers drove their covered wagons to the end of the Oregon Trail. Portland’s first startups were steam-driven lumber mills that sawed the area’s giant pines into lumber that was shipped to the rest of the world, via ships that came off the Pacific and up the Willamette and Columbia Rivers to where the city now stands with its 639,000 enterprising people.
Portland was in essence a rough-and-tumble timber, cattle and manufacturing town until the 1990s when the technology industry began to emerge. The eye-opener was when Intel established four campuses in what is now Portland’s tech district, Silicon Forest, a move that attracted $10 billion in investments in 1995 alone. The Oregon Historical Society says that Intel’s main reason for choosing Portland was that the city offered cultural amenities for the professionals the company wanted to attract. The Society estimates that Intel’s yearly economic impact on the state is in the neighborhood of $9 billion.
Those amenities that Intel sought, in addition to the region’s outdoor activities like fishing and skiing and hiking and biking, include a range of performing arts institutions, namely the Portland Opera, the Oregon Symphony and the Portland Youth Symphony, the first youth orchestra formed in the United States. There’s also the Oregon Ballet Theater and a number of dramatic theater companies as well, among them Portland Center Stage, Artists Repertory Theatre, Miracle Theatre and Northwest Children’s Theatre. The city’s popular music scene was named by the Guardian as one of the “most vibrant” in the United States. As for movies, a number of films have been shot in Portland, and several of the city’s movie theaters have a “brew and view” tradition where they serve beer during revival showings of the favorites.
Portland is home to three major league sports teams – the Portland Trail Blazers of the National Basketball Association, the Portland Timbers of Major League Soccer, and the Portland Thorns of the National Women’s Soccer League. The Trail Blazers advanced to the NBA Finals three times and won the Championship once in the days of Hall of Famer Bill Walton. The team’s strong following was shown when, from 1977 to 1995, it sold out 814 consecutive home games, the longest such streak in professional sports at the time.
Getting back to Intel’s professionals, schools, of course, were also a prime consideration for their coming to Portland, and the following are some of the factors they likely considered.
The Portland suburb of Lake Oswego is ranked by Niche as having the best public schools in Oregon. Lake Oswego High School is ranked as #1 in the state. The Lake Oswego community is also rated as one of the state’s best in which to raise a family.
The Oregon College of Art and Craft is located on a wooded 9-acre campus just outside Portland. It is a private non-profit school that grants Bachelor and Master Degrees in all the fine arts and provides continuing arts instruction and education to the local community.
Niche ranks Portland’s Reed College as the top college in Oregon. It is small and beautifully located, and, says President John Kroger, has the distinction of being referred to as one of the most intellectual colleges in the country. It has graduated over one hundred Fullbright Scholars and 32 Rhodes Scholars. Other achievers who attended Reed were chef James Beard and Apple co-founder Steve Jobs.
Number three in Niche’s best-in-state ranking is the University of Portland, a private Roman Catholic university of 4,300 students that stands on a bluff overlooking the Willamette River. In addition to its main College of Arts and Sciences, U of P has schools of Business Administration, Education, Engineering, and Nursing. As testament to its support by the local community, U of P has more than 13,000 alumni living in the Portland area.
Coldwell Banker lists the median price of a home in Portland at $559,900.
Live In America EB-5 will continue to feature opportunities and appealing lifestyles in cities throughout the country. If you have questions about how to proceed with the EB-5 process, or would like more information about Portland, its amenities and schools and startup culture, please send an email to: