The Economic Impacts of Intel’s Oregon Operations

Posted on October 19, 2011 in by Ann Hollingshead

ECONorthwest estimates the economic impacts associated with Intel's Oregon operations.

In "Intel boots county, state economy," the Oregonian quotes a new ECONorthwest report that measures the economic impact of Intel Corporation between 2005 and 2009. The article notes:

Prepared by ECONorthwest, the report measures Intel’s operations between 2005 and 2009, with a focus on the economic impacts in 2009.

For that year, the total economic impacts attributed to Intel’s operations, capital spending, contributions and taxes amounted to almost $14.6 billion in activity, including $4.3 billion in personal income and 59,990 jobs.

In addition, the report found that every 10 Intel jobs create another 31 jobs in the community.

Although the report showed a small decline of 1.1 percent of employment at Intel from 2007 to 2009, that was much less than the 8.8 percent experienced by other private employers in Oregon. In 2009, the average gross income for Intel employees was $117,000, more than twice the average of other Washington County employees. Average incomes increased 17.8 percent at Intel from 2005 to 2009, compared to 10.4 percent for other private employers.

The report was prepared by Alec Josephson, senior economist, and Carsten Jensen, research analyst. The complete report is available online, here.

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