Economy of Portland

on Forest is home to facilities for hardware makers such as Tektronix, TriQuint Semiconductor, Lattice Semiconductor, Siltronic, ON Semiconductor, WaferTech, LaCie, Genentech, FLIR Systems and others. The area also hosts facilities for software companies such as McAfee, Mentor Graphics, Jive Software, Extensis and Autodesk. Software-oriented startup companies, supported by seed funding organizations and business incubators, include Clicky, COLOURlovers, AppFog, Vizify, CPUsage, Urban Airship and many others.

The Portland metro area has become a hub for athletic and footwear manufacturers. The area is home to the global, North American or US headquarters of Nike, Adidas, Columbia Sportswear, Li Ning (China's largest footwear manufacturer), Keen, Hi-Tec Sports, Korkers and The Combs Company. Additional manufacturers that have opened offices in Portland include Under Armour, Merrell and Amer Sports.

Portland-based Precision Castparts is one of two Fortune 500 companies headquartered in Oregon, the other being Nike. Other manufacturing companies based in Portland include Freightliner Trucks, Daimler Trucks North America, Zidell Companies and The Collins Companies. Western Star Trucks builds their trucks in the city. Leatherman Tools and Langlitz Leathers, considered – respectively – the industry leaders in multi tools and motorcycle riding wear, are also based in Portland.

The steel industry's history in Portland predates World War II. By the 1950s, the steel industry became the city's number one industry for employment. The steel industry thrives in the region, with Schnitzer Steel Industries, a prominent steel company, shipping a record 1.15 billion tons of scrap metal to Asia during 2003. Other heavy industry companies include ESCO Corporation and Oregon Steel Mills.

Portland