Business View Magazine | October 2020

307 BUSINESS VIEW MAGAZINE OCTOBER 2020 SHERWOOD , OREGON Today, Sherwood is a bedroom community of approximately 20,000, on the edge of the Greater Portland metro area, with an average household income of $120,000. Single-family and multi-family homes comprise 79 percent of the city’s assessed value, and the vast majority of its citizenry commute to work. Its major employers are the city government, the local school district and YMCA, large retail outlets, and a few industrial firms, such as Allied Systems Company, an engineering and manufacturing firm with a focus on cranes and material handling equipment for commercial applications and the US Navy. According to Mayor Keith Mays, Sherwood’s number one priority is economic development. “We are focusing on retention and expansion of existing businesses; new business attraction; new business creation and local entrepreneurial development; workforce/talent development; and attention to our Old Town town center,” he explains. Some of the types of businesses Courtesy of David Gilmore