Learn more about relocating or expanding to WashingtonWashington business climate, manufacturer incentives, and advantages of WA communities |
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Washington Business Data*  Population: 6,664,195 Total Labor Force: 3,482,900 Unemployment Rate: 7.0% Number of Manufacturers: 6,548 Manufacturing Jobs: 266,400
Right to Work: No
Unemp. Ins. Tax: 0.52–6.03%
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Corporate Income Tax:
None. State levies a Business and Occupancy (B&O) tax based on gross receipts. Rates vary depending on industry. The manufacturing B&O tax rate is .00484%. Sales Tax:
6.5%. Exemptions include: Manufacturing machinery & equipment; solar hot water equipment; renewable energy machinery & equipment; hog fuel and forest-derived biomass. Property Tax:
County assessors appraise industrial property at 100% of Fair Market Value according to the highest and best use of the property. Industrial machinery and equipment may be valued based on Industrial Valuation Tables published by the Department of Revenue. Exemptions include: Manufacturers of biodiesel/alcohol fuel; business inventories; intangible property. Leading Manufacturing Industries:
(by % of total manufacturing employment) 19% Transportation equipment 15% Food and kindred products 11% Industrial machinery and equipment 7% Lumber and wood products 7% Printing and publishing Largest Manufacturing Establishments:
(by number of employees) Microsoft Corp. (Redmond) - 26,200
Boeing Commercial Airplane Co. (Everett) - 20,440 Boeing Co., The (Kent) - 5,500 Amazon.Com, Inc. (Seattle) - 4,000 Terex Aerial Work Platforms (Redmond) - 3,000 |
Counties with the Most Manufacturing Jobs:
King - 144,325 Snohomish - 42,435 Pierce - 22,439 Spokane - 21,911 Clark - 15,625 Cities with the Most Manufacturing Jobs:
Seattle - 45,033 Redmond - 37,497 Everett - 29,761 Kent - 20,633 Spokane - 16,156 Manufacturing Related Business Incentives:
• Brownfields Revolving Loan Fund (BRLF)
• Rural Washington Loan Fund (RWLF) • Forest Products Revolving Loan Fund • Coastal Revolving Loan Fund/Technical Assistance • Community Development Block Grants (CDBG) Float Loans • Industrial Revenue Bonds • Rural County/ Community Empowerment Zones (CEZ) Incentives including B&O Credits for New Employees in Manufacturing and R&D • High Unemployment County Sales & Use Tax Deferral/Waiver for Manufacturing Facilities • Biotechnology & Medical Device Manufacturing Sales & Use Deferral/Waiver • High Technology B&O (Business and Occupation) Credit for R&D Spending • Reduced B&O Tax Rate for Aerospace Business • B&O Credit for Preproduction Development Expenditures • Reduced B&O Tax Rate for Timber Extracting and Manufacturing • Reduced B&O Tax Rate for Manufacturing Wood Biomass Fuel • Reduced B&O Rate for Manufacturers of Semiconductor Materials • Reduced B&O Rate for Manufacturers of Solar Energy Systems • Reduced B&O Rate for Aluminum Smelting • Main Street Tax Credit • B&O Tax Deduction for Sale of Biofuels • NEW: Innovation Partnership Zones (IPZs) |
Economic development agencies, chambers of commerce, and other organizations and businesses to help with your relocation or expansion:
Washington State Department of Commerce
The Department is the lead state agency charged with enhancing and promoting sustainable community and economic vitality in Washington. It administers a diverse portfolio of more than 100 programs and several boards and commissions, all focused on growing and improving jobs in Washington.
1011 Plum Street SE, Olympia, WA 98504 (Map & Aerial View)
(360) 725-4000
www.commerce.wa.gov
Economic Development Board for Tacoma-Pierce County
Leadership, focus and resources from both the private and public sectors provide the EDB with tools for success. It strives to be at the cutting edge of innovation in the marketplace. Its goal is to help businesses succeed.
950 Pacific Avenue, Suite 410, Tacoma, WA 98402 (Map & Aerial View)
(253) 383-4676
www.edbtacomapierce.org
Enterprise Seattle
enterpriseSeattle is the economic development partnership charged with the mission of building a competitive, world-class economy in King County and its 39 cities. The organization provides one-on-one, confidential consulting services, free-of-charge, to businesses seeking to establish, expand, retain or relocate operations to the area.
1301 5th Avenue, Seattle, WA 98101 (Map & Aerial View)
(206) 389-8650
www.enterpriseseattle.org
Greater Seattle Chamber of Commerce
The Chamber is the largest and most diverse network of influential business leaders in Seattle and the metro area. Its nearly 2,200 member companies represent businesses of all types and sizes throughout the four-county Puget Sound region.
1301 5th Avenue, Suite 2500, Seattle, WA 98101 (Map & Aerial View)
(206) 389-7200
www.seattlechamber.com
Greater Spokane Inc.
Greater Spokane Incorporated offers resources to improve a business, and its staff and volunteers use their collective strength in Olympia, Washington, D.C. and local government to improve the region's business climate and build a more prosperous community for all.
801 W. Riverside, Suite 100, Spokane, WA 99201 (Map & Aerial View)
(509) 624-1393
www.greaterspokane.org
Washington Industrial News:
Industrial Directory Reports Manufacturing Jobs In Washington State Climbed 2.2% In 2012 (4/30/2013)
Manufacturing Jobs Increased 1% In Washington State Over Past Year (4/17/2012)
Seattle Manufacturing Jobs Up 2.3% In '07 According To Industrial Directory's 12-Month Report (4/2/2008)
Washington State Manufacturing Jobs Up 10,000 In '06 (3/19/2007)
Washington Manufacturing: Plants Up 3.6%; Jobs Up 2.2% (3/20/2006)
Industrial Directory Reports Manufacturing Jobs In Washington State Climbed 2.2% In 2012 (4/30/2013)
Manufacturing Jobs Increased 1% In Washington State Over Past Year (4/17/2012)
Seattle Manufacturing Jobs Up 2.3% In '07 According To Industrial Directory's 12-Month Report (4/2/2008)
Washington State Manufacturing Jobs Up 10,000 In '06 (3/19/2007)
Washington Manufacturing: Plants Up 3.6%; Jobs Up 2.2% (3/20/2006)
Looking to reach Washington manufacturers? Access the Washington Manufacturers Database compiled by MNI.
*Manufacturing stats updated on 5/17/2013. All other stats updated on 5/17/2013. Listings updated on 5/25/2013.
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