This document summarizes a study commissioned by Portland's Economic Development Agency to review Portland's entrepreneurship and innovation ecosystem. The University of Portland was selected to lead the study. The study involved interviews and surveys of key stakeholders in Portland and benchmarking against other cities. The study assessed Portland's talent/workforce, innovation, access to capital, entrepreneurial ecosystem and activity. It analyzed metrics like research and development, sources of startup funding, industry clusters and economic growth. The study found that high levels of entrepreneurial activity do not necessarily lead to large companies or wealth, and that attitudes and aspirations significantly influence business growth. It questions if high wages and wealth are the best measures of entrepreneurial economic development.