“With its rich history of innovation, Washington State offers businesses a welcoming, collaborative culture that challenges the status quo, from new forms of clean energy and artificial intelligence to life-saving therapies and treatments.”
— Mike Fong, Director, Washington State Department of Commerce
Seattle, Washington skyline along the Puget Sound. (Photo: Adobe Stock/Kirk Fisher)
TARGETED GROWTH SECTORS
Information & Communication Technology: Home to Amazon, Expedia, T-Mobile, and Microsoft, Washington is a global technology center with more than 18,000 firms encompassing innovative startups, high-growth companies, and research centers.
Cleantech: Washington’s clean energy sector employs approximately 90,000 scientists, researchers, technicians, and other workers inspired by leading clean technology policies of the state.
Aerospace: With more than 1,300 aerospace-related companies, Washington’s supply chain is the largest in the United States. The aerospace industry specializes in aerostructures, composites, advanced materials, avionics, and more.
TOP PROJECTS (CAPITAL INVESTMENT)
COMPANY
LOCATION
INVESTMENT
Sana Biotechnology
Bothell
$500 million
Sila Nanotechnologies
Moses Lake
$375 million
Group14
Moses Lake
$223 million
Collins Aerospace
Spokane
$200 million
Rockwool
Walla Walla County
$175 million
FEATURED LOCATIONS
The Port of Bremerton is the fourth oldest public-use Port in Washington State and the largest Port in Kitsap County. Recently named Washington State’s Port of the Year, they operate four facilities with the intention of developing infrastructure, creating economic development, and improving the local quality of life.
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 (2024 est.): 7,841,280¹
Largest Cities (2024 est.): Seattle (759,915); Spokane (229,527); Tacoma (223,968); Vancouver (198,163); Bellevue (151,505)¹
Real GDP (2023): $677 billion²
¹U.S. Census Bureau ²Bureau of Economic Analysis, U.S. Dept. of Commerce
Clean Tech Incentive
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
Grants will help 16 underserved and overburdened communities recruit, train, and place workers for community revitalization and cleanup projects at brownfield sites.
