“Washington has a global reputation for bold innovation. As we look to the future, we are investing heavily in clean technologies, sustainable fuels, artificial intelligence and emerging clusters that will shape the world for generations to come.”
— Mike Fong, Director, Washington State Department of Commerce
The Seattle skyline, with views of Mount Rainier in the distance (Photo: Choose Washington)
TARGETED GROWTH SECTORS
ICT: Washington is home to cutting edge research centers and more than 100 international tech companies, including Amazon, Expedia, T-Mobile, and Microsoft.
Clean Tech: Washington’s clean energy sector employs approximately 90,000 scientists, researchers, technicians, and other workers, backed by more than $200 million in venture capital.
Aerospace: With more than 1,300 aerospace-related companies, Washington’s supply chain is the largest in the United States. Washington’s aerospace industry specializes in aerostructures, composites, advanced materials, avionics, and much more.
TOP PROJECTS
COMPANY
LOCATION
INVESTMENT
BP Cherry Point Refinery
Cherry Point
$1.5 billion
IonQ
Bothell
$1 billion
Atlas Agro
Richland
$1 billion
SkyNRG
Eastern Washington
$800 million
ATI
Richland
$111 million
FEATURED LOCATIONS
The City of Richland is home to the Northwest Advanced Clean Energy Park and the first Targeted Urban Area in the state. The perfect location for advanced manufacturing and clean energy businesses, the city’s one-stop shop for planning, permitting, and power connection creates a streamlined process for new development.
FAST FACTS
Population (July 2022 est.): 7,785,786¹
Largest Cities (2020): Seattle (738,172); Spokane (228,850); Tacoma (219,383); Vancouver (191,071); Bellevue (151,839)¹
Real GDP (2022): $582.2 billion²
¹U.S. Census Bureau ²Bureau of Economic Analysis, U.S. Dept. of Commerce
STATEWIDE PROGRAMS
Job Skills Program: This state program enables employers to partner directly with technical colleges to develop fully customized training solutions.
Sales and use tax deferral for clean tech projects: This new incentive provides a deferral or reduction of up to 100% of sales and use taxes for eligible investments in clean technology projects.
TOP BUSINESS FACILITIES RANKINGS
#1 Aerospace/Defense
2024 State Rankings
Top 10 AI Growth Hubs
2024 State Rankings
Top 10 Exports
2024 State Rankings
Top 10 GDP Growth
2024 State Rankings
#2 Sustainable Cities: Seattle
2024 Metro Rankings
Top 5 AI Growth Hubs: Seattle
2024 Metro Rankings
Top 10 Best Business Climate (Mid-Sized): Olympia/Tumwater
2024 Metro Rankings
Top 10 Best Business Climate (Small): Wenatchee
2024 Metro Rankings
Top 10 Life Sciences Growth: Seattle/Tacoma/Bellevue
Highlighting the life sciences industry’s evolution, JLL’s new 2024 Life Sciences Real Estate Perspective and Cluster Analysis introduces new rankings for talent and AI.
