Business Environment

Historically, Hillsboro has been a rural, agricultural community with a diverse population that reflects the changing settlement patterns of the region.  Recent economic development and attention to diversification has begun to stimulate job growth.  Steady population growth is already creating a need for new housing, which is keeping pace with the city’s increasing numbers.  Population growth is improving earnings, and carefully planned retail and service clusters are being used to grow retail sales.

Within the 10-mile market area, there are 10,260 residents, and the average household income within the market area is $40,738.  Median household income for the market area is $31,793.  There are 4,118 employees working in 470 businesses, with an average employment ratio of 8.8 employees per business.

*Data from Business Plans Etc. November 16,2001