Oregon Transportation Electrification Initiative: Opportunities for University/Industry Collaboration and Support Final Report Prepared for: Oregon Transportation Research and Education Consortium (otrec) Prepared by
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Expectations of GrowthThe next set of questions looked at how optimistic entrepreneurs are about their potential for growth. Question 5 asked, “Assuming fairly strong growth, a reasonably receptive market and the collaborative support of Drive Oregon and the Oregon University System, what number of employees (measured in FTE) does you think you will have in 3 years?” While 16% of those who answered the question guessed that they would continue to generate three or fewer full-time equivalent positions, overall, the group of respondents thought that their businesses would grow nearly 600 percent in employment capacity during the next three years, implying that the group feels hugely optimistic. The top three companies believe they will be able to employ over 230 while the group as a whole indicated an expected gain of 333 jobs. Figure 4-4: Assuming fairly strong growth, a reasonably receptive market and the collaborative support of Drive Oregon and the Oregon University System, what number of employees (measured in FTE) do you think you will have in 3 years? (Q-5) 
Source: OTREC EV Industry Needs Assessment Survey, CPW July 2011 In Question 6, survey takers were asked, “If you had revenue in 2010, please compare your projected revenue for 2014 with your actual revenue in 2010.” Consistent with positive expectations of employment growth, all of the respondents believe their revenues will grow a minimum of 26% over the next three years. Nearly 38% of the companies predict over 100% increase in revenues over three years. Figure 4-5: If you had revenue in 2010, please compare your projected revenue for 2014 with your actual revenue in 2010. (Q-6) 
Source: OTREC EV Industry Needs Assessment Survey, CPW July 2011 Although it may be tempting to consider the anticipation of growth at such high levels as being wildly optimistic, it is worth noting that previous episodes of economic recovery have been carried by young firms creating new jobs. In the 2009 Kauffman Foundation article, “Where Will the New Jobs Come From?” the authors point out that since 1980, all of the net new jobs have come from firms that were less than five years old. Of the twelve million jobs created in 2007, eight million of them came from young firms.50
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