Prosperity and Industrial Development: Review of Concepts and Measurements

This report, researched and written for the Port of Portland by the Northwest Economic Research Center, summarizes local efforts to measure and improve regional prosperity, both within and outside of Portland, Oregon, and offers a framework for assessing varying industrial land uses with respect to prosperity. As part of this review, definitions of prosperity from a variety of sources are presented. The purpose of the report is dual: First, a context for community and regional economic prosperity is established via the review of existing definitions and initiatives, and secondly, NERC offers a framework for assessing specific uses in terms of prosperity drivers. This framework suggests factors related to prosperity for the Port to use in evaluating industrial property development, in the form of a table that categorizes and lists variables derived from a review of prosperity initiatives, with additions deemed relevant to industrial land use