{"id":11720,"date":"2024-07-17T13:19:21","date_gmt":"2024-07-17T20:19:21","guid":{"rendered":"https:\/\/mattfife.com\/?p=11720"},"modified":"2024-07-14T13:26:05","modified_gmt":"2024-07-14T20:26:05","slug":"now-oregon-tech-is-shrinking","status":"publish","type":"post","link":"https:\/\/mattfife.com\/?p=11720","title":{"rendered":"Now Oregon software has been shrinking since 2022, chips and entrepreneurs since 2023"},"content":{"rendered":"\n<p>Not content to <a href=\"https:\/\/mattfife.com\/?p=11687\" data-type=\"link\" data-id=\"https:\/\/mattfife.com\/?p=11687\">see 3 years of decreasing population<\/a>, Oregon is now seeing its innovation hubs of software and chip design dry up and move away.<\/p>\n\n\n\n<p>Software employment statewide is down 7.4% from its peak in the summer of 2022. The software cutbacks may mirror what\u2019s happening in Oregon\u2019s chip industry, which boomed during the pandemic and then\u00a0<a href=\"https:\/\/www.oregonlive.com\/silicon-forest\/2024\/02\/oregons-semiconductor-industry-stumbled-last-year-cutting-jobs-by-5.html\" target=\"_blank\" rel=\"noreferrer noopener\">lost jobs last year<\/a>.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.oregonlive.com\/business\/2024\/01\/oregon-venture-capital-plunges-again-to-lowest-point-in-6-years.html\" target=\"_blank\" rel=\"noreferrer noopener\">Venture capital investment in Oregon startups fell sharply last year<\/a>\u00a0\u2014 to its lowest level since 2017. Relatively few entrepreneurs are starting tech companies in Oregon and those that are launching don\u2019t seem to be attracting much attention. The Portland Incubator Experiment, which was at the center of Oregon\u2019s software boom a decade ago,\u00a0<a href=\"https:\/\/www.oregonlive.com\/silicon-forest\/2023\/08\/portland-incubator-experiment-abandons-software-dreams-seeks-fresh-start.html\" target=\"_blank\" rel=\"noreferrer noopener\">shut down its tech component last summer<\/a>\u00a0as tech entrepreneurship waned.<\/p>\n\n\n\n<p>The article noted that Multnomah County now has one of the highest personal income tax rates that is likely making Portland less attractive for ambitious entrepreneurs.<\/p>\n\n\n\n<p>Links:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/oregon-s-software-industry-is-shrinking\/ar-BB1pXp87#:~:text=O%20regon%E2%80%99s%20software%20industry%2C%20which%20helped%20anchor%20the,period%20during%20which%20overall%20Oregon%20jobs%20grew%20steadily.\">https:\/\/www.msn.com\/en-us\/money\/markets\/oregon-s-software-industry-is-shrinking\/ar-BB1pXp87#:~:text=O%20regon%E2%80%99s%20software%20industry%2C%20which%20helped%20anchor%20the,period%20during%20which%20overall%20Oregon%20jobs%20grew%20steadily.<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Not content to see 3 years of decreasing population, Oregon is now seeing its innovation hubs of software and chip design dry up and move away. Software employment statewide is down 7.4% from its peak in the summer of 2022. The software cutbacks may mirror what\u2019s happening in Oregon\u2019s chip industry, which boomed during the pandemic and then\u00a0lost jobs last year. Venture capital investment in Oregon startups fell sharply last year\u00a0\u2014 to its lowest level since 2017. Relatively few entrepreneurs&#8230;<\/p>\n<p class=\"read-more\"><a class=\"btn btn-default\" href=\"https:\/\/mattfife.com\/?p=11720\"> Read More<span class=\"screen-reader-text\">  Read More<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9,12],"tags":[],"class_list":["post-11720","post","type-post","status-publish","format-standard","hentry","category-cool","category-local-interest"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4WECr-332","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/posts\/11720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mattfife.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11720"}],"version-history":[{"count":3,"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/posts\/11720\/revisions"}],"predecessor-version":[{"id":11723,"href":"https:\/\/mattfife.com\/index.php?rest_route=\/wp\/v2\/posts\/11720\/revisions\/11723"}],"wp:attachment":[{"href":"https:\/\/mattfife.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mattfife.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mattfife.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}