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2016 Bend Profile

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2016 Bend Profile Quick Reference 1 Land Availability 11 Population 2016 BEND PROFILE 2 Top Employers & Industries 12 Education Economic Development for Central Oregon 3 Wage Information 14 Utilities 705 SW Bonnett Way, Ste. #1000 4 Industry Mix 15 Services 5 Entrepreneurial Landscape 16 Parks & Recreation Bend, OR 97702 6 Business Costs 16 Transportation www.edcoinfo.com 8 Employment Trends 17 Travel Distances, Commuting 9 Housing Costs 18 Topography & Climate 541.388.3236 | 800.342.4135 10 Tax Rates 19 Business Resources 10 Financial Institutions 20 About EDCO WELCOME TO BEND! Bend—Oregon’s largest city east of the Cascades--is the commercial, recreational, social, and innova- tion hub of Central Oregon, combining big-city amenities (art, culture, fine dining, and medical facilities) with small-town living (short commutes, real neighborhoods, and lower costs of living), all wrapped in scenery, sunshine, and year-round fun. Bend’s economy is defined by dynamism, entrepreneurship, and diverse businesses that span many sectors. Manufacturing—long the region’s economic core--now shares the limelight with software and high tech, craft brewing, bioscience, recreational products, aviation-related enterprises, distilling operations, food production, and, of course, tourism. Add in Bend’s skilled workforce, attractive incentive packages, competitive tax environment, robust infra- structure and you’ve got unrivaled quality of life and business opportunity. As a result, Bend- Redmond ranked 8 th on the Milken Institute’s 2015 list of Best Performing Small Cities. This Bend Profile , with its key business demographics, shows why Bend is a premier destination for moving, starting, or growing a business. 1 DIVERSE LAND CHOICES Bend has a total of 1,735 acres zoned for industrial use, 705 acres zoned for mixed use, and 1,657 for commercial use. The City is undergoing an Urban Growth Boundary (UGB) expansion process that will bring additional property into the city boundary. The process is ongoing and significant new construction will be limited until the process and new growth boundary are final. Industrial: Bend offers a mix of industrial buildings and land to suit business needs of all types. From light and heavy industrial use in just a few thousand square feet to just under 80,000 square feet in a single, existing facility, industrial space totals 4.2 million square feet, of which 3.4% was vacant in April 2016. Many spaces are turnkey properties. Commercial: After significant building over the past decade, Bend boasts an impressive mix of office space, from class A to class C. Available space as of April 2016, was 156,000 square feet of commercial space available, reflecting a vacancy rate of 6.3%. Total commercial space is nearly 2.5 million square feet. Retail: Total retail space in Bend is nearly 4.5 million square feet, with 4.7% vacant in April 2016. Bend offers several high-traffic shopping districts including Downtown Bend, Old Mill District, Cascade Village Shopping Center, Bend River Promenade, Bend Facto- ry Stores, and more. 1 EDCO works to MOVE , START , and GROW vibrant business diversity and economic prosperity all across Central Oregon. Page 1 Updated 5/12/2016 Bend Profile © Copyright EDCO 2016 Central Oregon's Top 50 Private Employers TOP EMPLOYERS Employees 2015 2016 According to the Oregon Employment Department, 81% of Oregon firms have nine or fewer employees. However, those firms account for St. Charles Medical Center regionwide 2,830 3,057 only 15.5% of Oregon jobs. Nearly 50% of all Oregon jobs are in the Sunriver Resort 900 936 1.7% of Oregon firms with 100 or more employees. Les Schwab regionwide (HQ & CO stores) 880 871 Bright Wood Corporation regionwide 870 855 By contrast, 84% of Deschutes County firms have fewer than 9 em- Safeway regionwide 590 828 ployees and these small firms account for nearly one quarter of Mt. Bachelor 775 769 Deschutes County’s jobs. Big firms (100 or more employees) only pro- McDonald's regionwide 668 735 vide about one-third of jobs. Bend Memorial Clinic regionwide 652 701 WalMart regionwide 574 639 According to Damon Runberg, the State’s Regional Economist for Cen- Consumer Cellular 585 580 tral Oregon, these differences between state and local composition Fred Meyer regionwide 528 564 likely stem from industry clusters in Central Oregon that favor smaller IBEX 595 545 firm sizes, such as construction, real estate, lodging, and food services and by innovative firms producing niche-market products and services Jeld Wen Windows and Doors 460 517 Northview Hotel Group 450 450 Sectors with the largest employment numbers in Bend include Central Oregon Trucking 312 382 healthcare, tourism-focused businesses, local city and county govern- Black Butte Ranch 360 378 ment, the school district, and large retailers. Deschutes Brewery 295 358 PCC Schlosser 305 347 Some of the key, growing, traded-sector industries in Bend include: Bend Research 264 334 Bi-Mart regionwide 265 317 Bioscience (Bend Research, Suterra, Patheon) BendBroadband (incl. Zolo Media & The Vault) 261 297 Costco 285 296 Aviation and aerospace (Epic, Leading Edge) Mosaic Medical 243 268 Outdoor Recreation Equipment and Apparel Lowe's regionwide 262 259 (Nosler, Hydroflask, Ruffwear) Bank of the Cascades regionwide 237 243 Software (G5, Navis, GL Solutions) Contact Industries 225 240 Home Depot regionwide 235 239 Specialty manufacturing (Jeld-Wen, CertainTeed) The Center (Ortho/Neuro Care & Research) 213 238 Corporate administrative and back office centers Opportunity Foundation 392 221 (IBEX, Navis, Les Schwab) Ray's Food Place regionwide 143 220 Brewing and Distilling (Deschutes Brewery, Atlas, 10 Barrel) Navis 211 217 Albertson's regionwide 216 216 Epic Air 160 210 Keith Manufacturing Co. 190 205 Athletic Club of Bend 200 200 The Riverhouse 200 200 Kah Nee Ta Resort 200 200 G5 192 194 Neighbor Impact regionwide 196 189 The Bulletin 190 188 Nosler 170 186 Indian Head Casino 168 186 Touchmark at Mt. Bachelor Village LLC 178 180 Facebook Data Center 157 178 Medline Renewal 153 175 Brasada Ranch 172 172 BASX N/A 170 Haggen Northwest Fresh 163 163 Hooker Creek Companies 150 150 Target 105 150 Page 2 Updated 5/12/2016 Bend Profile © Copyright EDCO 2016 WAGE INF ORMATI ON Below are average hourly wages in Oregon, Washington, and California for a broad array of occupations. California and Washington wages routinely run as much as 20% higher than those in Oregon. Central Oregon wages typically run 10% to 20% below the statewide averages, which are driven by Portland metro area wages. In recent years, Central Oregon wages in certain technical occupations are on par with, or exceed, statewide averages. Wage Comparison for Selected Occupations (annual average, $ per hour) Occupation OR East Cascades CA WA Accountant/Auditor 31.65 29.24 34.71 35.56 Architect, except Landscape & Naval 33.26 36.32 41.45 36.61 Carpenter 20.77 20.39 24.16 25.04 Chef & Head Cook 19.49 19.03 19.60 24.93 Clinical, Counseling, and School Psychologist 34.57 29.06 39.25 34.16 Computer-Controlled Machine Tool Operator 18.90 18.74 18.02 25.47 Computer Programmer 34.69 36.49 41.93 56.27 Computer User Support Specialist 23.37 23.53 27.20 27.54 Computer Systems Analyst 40.21 37.61 43.62 46.58 Customer Service Representative 16.64 13.93 17.92 17.77 Dental Hygienist 36.98 37.20 48.31 44.54 Electrician 33.02 27.71 29.91 31.96 Electrical Engineer 41.81 36.49 54.97 50.09 Financial Manager 50.66 46.90 62.48 54.83 Food Service Manager 23.56 21.35 23.20 25.88 General & Operations Manager 46.81 38.10 50.75 57.92 Graphic Designer 23.33 21.57 26.18 26.83 Industrial Machinery Mechanic 26.39 25.97 27.27 27.20 Industrial Production Manager 43.02 39.84 48.24 49.86 Landscape Architect 27.92 23.66 38.52 31.09 Marketing Manager 49.52 43.95 72.90 66.67 Mechanical Engineer 39.01 41.42 46.77 44.53 Medical Transcriptionist 18.52 17.43 23.19 21.09 Middle School Teacher, except Special Ed 28.22 26.92 n/a n/a Multimedia Artist & Animator 30.39 n/a 38.90 36.92 Network and Computer Systems Administrator 33.96 29.87 41.68 40.70 Paralegal 26.67 22.46 27.91 27.59 Physical Therapist 38.17 36.26 44.57 40.79 Police/Sheriff Patrol Officer 30.60 28.18 43.60 35.49 Receptionist/Information Clerks 13.53 12.98 14.20 15.06 Registered Nurse 39.87 39.24 47.03 38.29 Secretary/Administrative Assistant, except Legal, 16.64 14.89 18.29 18.80 Medical, & Executive Software Developer, Applications 42.82 34.21 56.35 56.24 Software Developer, Systems Software 49.23 40.26 58.71 55.38 Supervisor, Administrative & Office Workers 24.33 22.25 27.22 n/a Supervisor, Retail Sales Workers 18.57 18.54 19.72 n/a Truck Driver, Heavy & Tractor-Trailer 19.34 19.09 20.23 21.54 Urban/Regional Planner 36.48 32.72 38.86 37.44 Sources: Oregon Employment Department , Washington State Employment Security Department , and California Employment Development Department . The data used to create these estimates came from the Occupational Employment Survey. Data is for Q2 2016 – the most recent data available. Page 3 Updated 5/12/2016 Bend Profile © Copyright EDCO 2016 Covered employment & payroll Covered employment payroll is used to determine the average wage for each of Oregon's 36 counties. Below are the number of business establishments (units), employment, payroll, and average pay in Deschutes County and the Tri-County region.
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