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PORTLAND, Ore. -- Portland's Mayor Sam Adams addressed the city's alternative transportation, sustainability and attracting a creative class -- despite the grim joblessness situation and educational under-achievement in the State of the City speech Friday.

Adams proposed a scaled-back downtown urban renewal district around Portland State University, a tax credit for companies that help with education efforts and what he called investment districts aimed at job creation.

The City has a surplus this year. While other cities are sharply raising taxes or reaching into their reserves just to get by, we re able to make investments in our future today, Adams said. We re well positioned to not only recover, but to emerge from this recession an even stronger city. A more resilient city. A small-and-scrappy, globally competitive city. Where all neighborhoods are complete, connected and beautiful.

More:Read the address

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