Newberg is a wonderful, growing community in which a business can prosper. The Economic Opportunities Analysis offers a comprehensive overview of our economy.
On February 1, 2010, the Newberg City Council adopted a revised Economic Opportunities Analysis along with associated Comprehensive Plan amendments. The revisions and updates to the EOA include the following:
population, demographic, economic and employment statistics; an economic trends analysis section that looks at national, state and regional trends, regional economic development industry clusters and target industries, Yamhill County agri-business, and regional industrial land availability; a new section that covers an assessment of our community economic development potential; a more robust discussion of Newberg’s economic development strategy; and updated buildable land inventories and the addition of maps that illustrate the available industrial and commercial buildable land by area.
The Comprehensive Plan has a small section with population and land supply and need information. Those numbers have changed with the updated Economic Opportunities Analysis and needed to also be updated in the Comprehensive Plan document. The Comprehensive Plan amendments also add five new policies to Section H (The Economy).