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Economic Development: Why Washington
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Why Washington?

We have Over 25 Years of Life Changing-Life Science Innovation: View Our Legacy Timeline to Learn More!

 

From the shores of the Puget Sound to the peaks of the Cascade Mountains, on to the plains of the Palouse, and framed by the Columbia River Valley all the way to the Okanagan, Washington state draws some of the highest ratings for quality of living, prospects for employment, talented workforce and educational opportunities in the nation.

 

However, when it comes to starting a business, the question of "where” can be just as important as "what,” "why” and "how.” Some states offer better business climates for entrepreneurs than others. And in today’s economy, entrepreneurs need all the help they can get when launching a new business.

Washington is first among the states in efforts made toward energy efficiency and use of alternative energy sources. It also has a highly productive manufacturing sector, signaling high wages and a tech-intensive economy. Washington leads the nation in value added per production hour—the difference in value between inputs in the production process and the value of the units as finally sold. But in addition to these nonpolitical factors, Washington also has very low taxes, making the costs of growing a business quite low. It does not have its own income or capital-gains taxes, either personal or corporate.

 

#7 SEATTLE- Top 10 U.S. Biopharma Clusters | GEN’s Annual Ranking of the Nation’s Most Nurturing Regions

 

"From the Space Needle to the 175-foot-high Great Wheel, the region likes to aim high—and in biopharma, at least, it has some positive results. The home of Starbucks has racked up a lot of bucks in private capital (more than $300 million since 2013) and an initial public offering (about $265 million last December) through a single company, home-grown Juno Therapeutics..." READ MORE

Seattle-Bellevue-Everett Metropolitan Area is Ranked #6 in Milken Institute's 2013 Best-Performing U.S. Cities Index

The 2013 Milken Institute Best-Performing Cities Index ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth. The components include job, wage and salary, and technology growth. In most years, these give a good indication of the underlying structural performance of regional economics. WBBA is proud that our region is ranked #6 on the 2013 index (up seven places from 2012)! Our organization is dedicated to supporting and helping grow Washington State's life science ecosystem, which is vital to the health of Washington State's economy and those communities it serves. Download the FULL REPORT here...

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