In the January 2017 edition of the Home Building Association's HBA News, Shannon McKinney, our controller, gave some excellent insights on why the cost of doing business in Portland continues to rise.
Shannon touched on a few important factors when it comes to skyrocketing costs.
"Where before we could schedule two large projects in a day, now we can only do one large and one small project because such a big chunk of time is sitting in traffic. When the city talks about solving traffic issues, they talk about forcing people into public transportation. They never seem to talk about the impact on commercial traffic - especially for products like ours that require a heavy load bearing transport on a stable system."
2. Increased cost of Portland housing
With the rapidly increasing cost of housing in Portland, many homeowners are staying away from optional, higher-cost upgrades.
3. New licensing and HR rules
Paid sick leave, increased minimum wage requirements, and scheduling mandates, as well as an ever-changing and complex list of fees and licenses have made doing business in Portland so much more expensive. "The city acts as if business has a huge bunch of money we are holding back. They just can't seem to recognize that all these added costs are passed onto the consumer."