Economy

Pet Products Are Big Business in Seattle, U.S.
Surveys prove Seattle is a pet city as consumers across the U.S. spend in record amounts
For years, Seattle has routinely ranked atop numerous lists for being pet-friendly. Rover and Redfin recently released a survey saying Seattle was the top dog-friendly city of 2019, while Dogtime ranked it No. 2. Now, according to a new report by global analytics company Edge by Ascential, peoples growing affinity with their pets is driving…

Pacific Northwest Managers, Workers Dont See Eye to Eye on Salaries
Washington State University study also notes a similar contrast over business-climate perceptions
Employers and employees diverge on some key issues related to their perceptions of the Pacific Northwest economy and what motivates employees most, according to a survey sponsored by the Carson College of Business at Washington State University. The survey, which polled some 1,000 individuals evenly split between managers and employees, indicates that 61% of business…

Ongoing Tariff Battles Drive Surge in Seaport Cargo Volume
Shipments through the ports of Seattle and Tacoma hit record level
The Northwest Seaport Alliance turned in a record April in terms of international cargo, with container volumes up by double digits, both year over year and year to date, NWSA officials announced. The robust international cargo traffic recorded by NWSA played out during a booming economy that also is enduring turbulent trade winds with the…

Navigating Tangled South Lake Union Just Got Easier
New website offers transportation options around the busy neighborhood
Getting around the bustling South Lake Union neighborhood can be difficult for both residents and an increasing number of tech workers. A new website is out to change that. Commute Seattle, the city Department of Transportation and the South Lake Union Chamber of Commerce have launched the Lets Go South Lake Union website that details…

Seattle Receives Mixed Reviews as a Bike City
Bicycling to work has economic advantages
Two new reports offer conflicting views of Seattle’s status as a bicycle-friendly city. A study by Berlin-based insurance company Coya ranked 90 major cities across the world for their bicycling cultures, based on accidents, theft, infrastructure and road quality. Seattle placed a lofty No. 49. Another study by People for Bikes ranked Seattle No. 68…

Washington Ranks First in a Study of U.S. States Measuring Performance
The state shines as an economic powerhouse but has room to improve in providing opportunity for all citizens
Washington state commands the leading position in a ranking of states just released by U.S. News & World Report. The rankings are based on eight variables designed to measure a states performance and its success in meeting citizen needs. Ranking behind No. 1 Washington in the U.S. News report were New Hampshire, Minnesota, Utah and…

Google This: Media Giant Says it Generated $18.6B in Economic Activity in Washington
Economic impact report says 37,000 organizations and publishers used the companys products last year
Google Inc. says its search and advertising tools helped drive $18.6 billion for about 37,000 businesses in Washington state last year. The Mountain View, California-based companys 10th annual economic impact report says the companys products helped businesses, publishers and nonprofits increase their online presence, pumping money and jobs into the state economy. Google also says…

Some 130 Years After the Great Seattle Fire, Pioneer Square Is Still a Hot Neighborhood
Seattle | 1890
This article appears in the May 2019 issue. Click here for a free subscription. Known as Seattles original neighborhood, Pioneer Square dates back to 1852. After surviving the Great Seattle Fire of 1889, it flourished with the Klondike Gold Rush, as an estimated 100,000 prospectors descended on the Klondike region of the Yukon in Northwest…

SBA Lauds Six Small Business Owners From Washington State
The awards coincide with National Small Business Week
Six small business owners across Washington state have been recognized for their business acumen and growth strategies by the U.S. Small Business Administration. Noting that 99 percent of businesses in the Pacific Northwest are considered small generally defined by the SBA as fewer than 1,500 employees SBA Regional Administrator Jeremy Field emphasized innovation, job creation…

The ‘King of Vegetables’ Retains Its Throne in Washington
Washingtons crop is pumping big money into the economy after years of decreased production
This article appears in the May 2019 issue. Click here for a free subscription. Washington state is the reigning king of the King of Vegetables. The state, known for its apple and cherry exports, also is the top producer of asparagus in the United States, according to a new report. Washington is No. 1 for…

Real Estate Development in Pasco Taps Into a Zone of Opportunity
An ambitious project aims to draw visitors and investment to Pasco
This article appears in the May 2019 issue. Click here for a free subscription. Mitch Gilbert is out to make the city of Pasco a culinary and entertainment destination. Gilbert created his development company, Eaty Gourmet LLC, three years ago with one express purpose: to develop a 52-acre site alongside the scenic Columbia River. Called…

The Entrepreneur of the Year 2019 Award Finalists List Is Out
Candidates represent the wide swath of industries that propel the Pacific Northwest economy
Jessie Woolley-Wilson, president and CEO of Bellevue-based DreamBox Learning LLC is one of the Pacific Northwest region finalists for the Entrepreneur of the Year 2019 Award.

Washington among most-taxed states
A study finds that the state has the highest sales and excise taxes in the country
Despite having no income tax, Washington ranks a lowly No. 37 in a study on the Best and Worst States for Taxpayers. The states 8.5 percent sales and excise tax rates are the highest in the country, according to a study by financial website WalletHub. Thats 2 percentage points higher than South Dakota, which ranks…