Jobs & Economy in Corvallis
Corvallis's economy runs on two real, distinct pillars: Oregon State University (approximately 5,000 employees, a cited $1.4 billion annual economic impact) and HP Inc.'s real, continuously operating and currently expanding R&D/manufacturing campus, alongside Samaritan Health Services' regional healthcare hub.
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Learn moreOregon State University: the real, central economic anchor
OSU employs approximately 5,000-plus people directly and is cited as generating a $1.4 billion annual economic impact on the Corvallis-area economy -- the single largest, most consistent driver of the local job market.
HP Inc.: real, current, and actively expanding -- not a legacy site
HP has operated a continuous Corvallis campus since 1976, where the inkjet printer was genuinely invented. In 2024, HP Inc. was awarded up to $53 million in federal CHIPS Act funding (plus $9.5 million in Oregon state funding) to expand and modernize semiconductor and microfluidics manufacturing there -- a real, current, growing presence, not a closed or downsized legacy footnote.
Healthcare and the HP/OSU startup ecosystem
Samaritan Health Services operates Good Samaritan Regional Medical Center, the largest hospital in Benton, Lincoln, and Linn counties. Separately, HP's donated 25-year campus lease to OSU has incubated 39 companies (20 of them OSU spinouts), a real, disclosed innovation-ecosystem contribution.
Key takeaways
- OSU is Corvallis's real, central economic anchor -- roughly 5,000 employees and a $1.4 billion cited annual economic impact.
- HP Inc.'s Corvallis campus is real, current, and actively expanding, recently awarded $53 million in federal CHIPS Act funding.
- Samaritan Health Services and an HP/OSU-incubated startup ecosystem (39 companies) round out the real, disclosed economic picture.
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