Here’s the close to an editorial, “Can Portland capitalize on its popularity with millennials” in The Oregonian, a paper I read the other day while in that fair city.
It’s a cautious but convincing word for less government regulation and less tree-hugging if there is to be a business renaissance.
Where does all of this leave Portland? The city’s social ethic fits well with the millennial generation, which is one reason so many 20-somethings move here. The city is fertile ground for social entrepreneurs, who prioritize a cause over profits.
But Portland also needs to be welcoming to young entrepreneurs interested in starting traditional businesses. That means helping would-be business owners navigate the regulatory system and taking steps to keep office rents and other start-up costs, including taxes, from spiraling out of control.
Otherwise, the gaps between the aspirations of Portland’s millennials and their ability to achieve their goals will only grow.
In a letter to the editorial page, I noted their “Balancing idealism with gritty realities,” with accompanying example and conclusion, “Sometimes there are legitimate reasons that businesses don’t put a higher priority on societal problems.”
I added that “to float such heresy in your (or Chicago’s) climate is admirable.”