Porkland's "leaders" have for years yammered on about how they're remaking the city to attract the "Creative Class" (hipsters), and they've been marginally successful at doing so. You know the drill: the Creative Class is all into green&sustainable, so they should provide a perfect mix of rubes to keep the whole visioning thing going. Just one little problem: when the Creatives start making some actual money, they find that Porkland's tax policies are decidedly unfriendly to their small enterprises. And the latest to bail is Rise Records; the recording label has packed up and moved to Beaverton. Washington County seems to be the place where successful businesses relocate - Columbia Sportswear did the same thing several years ago, when they packed their corporate headquarters out of Porkland and moved west.
Portland is the only city in the state that has its own business tax.
And Multnomah County adds another business tax to the equation.
By corporate standards, Rise is pretty small - but moving out of Porkland is expected to save them hundreds of thousands in tax payments annually.
Craig Ericson could have become an advertisement for Portland's economic vision, which banks on transforming the ideas and energy of young creatives into growing businesses that fit the city's culture. Instead, he moved his company, Rise Records, to Beaverton.
For a small recording operation, paying a few hundred thousand a year less in taxes provides a means to grow the business. Porkland's economic "vision" - as implemented by the city's "leaders" - seems doomed to tank.