Portland businesses face closure due to high private security costs and rising crime rates

The high cost of private security is posing a significant challenge for businesses in Downtown Portland, as highlighted during the Multnomah County Regular Meeting on December 12, 2024. Local leaders expressed concern that the financial burden of security measures is deterring new businesses from opening and existing ones from expanding, ultimately putting the area at a competitive disadvantage.

In a compelling testimony, a community member pointed out that ten businesses in their neighborhood have closed in less than two years, leading to job losses and increased risk of homelessness for residents. The speaker emphasized that the decline in business not only affects employment but also results in a direct loss of tax revenue for local government, which is crucial for sustaining essential services.

The discussion underscored the importance of revitalizing Downtown Portland to maintain its vibrancy and appeal. The speaker noted that without addressing security challenges, the urban landscape could deteriorate further, discouraging economic activity and community engagement.

To combat these issues, the meeting referenced successful initiatives from other cities. For instance, Los Angeles has implemented a business improvement district program that offers supplemental security services, while Chicago and New York have dedicated units to assist businesses with crime prevention. These examples illustrate how proactive security measures can enhance safety and support local economies.

The meeting concluded with a call for Multnomah County to invest in similar strategies, suggesting that such investments could ultimately save taxpayer dollars by reducing the need for extensive law enforcement and emergency services. As the county moves forward, the focus remains on fostering a safer environment that encourages business growth and community stability.