PORTLAND, Ore.–(BUSINESS WIRE)–Despite economic uncertainty, Portland’s Silicon Forest is lifting the local economy and remains insulated from the worst of the pandemic-driven downturn. Budgets are increasing, companies are hiring, and salaries are rising. These findings and other key sentiments from ProFocus Technology’s “Portland Tech in Focus: 2021 Trends Report” point to near-term economic recovery and upbeat forecasts for technology development and teams throughout the Portland area.
According to the survey of more than 260 local technology professionals, more than a third of respondents say their 2021 budget will increase (36%) and another third say it will stay the same (33%), compared to just 20% who expect a decrease. Companies are hiring, too, with 42% expecting an increase in full-time employees and 27% anticipating more contractors next year. Portland’s technology community is positioned for growth and opportunity, with 68% reporting they can personally innovate in their jobs and 62%