When a county places excessive and irrational hope in building houses instead of businesses, a couple of bad things can happen. First, the residents-to-jobs ratio becomes imbalanced. That ratio is about 2-to-1 at the state and national levels, but in Clark County, it’s 3-to-1, reflected partly in the estimated 55,000 local commuters to jobs in Oregon. Second, the local economy becomes dangerously dependent on the housing market. When that market deflates (sound familiar?), the community’s pain during a recession is more piercing than what the state and nation feel.
It’s time for local leaders — political and business — to look beyond their provincial interests and collaborate to stimulate the local economic recovery. They can do that by emphasizing jobs over houses in land-development policies. The need is urgent, as described by Scott Bailey, regional labor economist for the state: “Having enough land that’s zoned and serviced and shovel-ready is really important in a competitive market, and it’s one of the things we have control over locally.” Indeed, but you’d never know that by observing the political and economic development wrestling matches of recent years.
Bailey’s comment appeared in a Sunday Columbian story by Aaron Corvin and Stephanie Rice. The article focused on a recent study by the Columbia River Economic Development Council that identified two daunting roadblocks in developing land for employment:
The shortage of available land in our county constricts job creation. The metro area in Portland has 56 large industrial sites ready for job-creating businesses. Clark County has only 13.