The trip to Vietnam, sponsored by the Association of Washington Business, has been postponed until later in the year. We’ll provide an update as soon as it is available. Why Vietnam? Business & Economy Top 20 customer of Washington state merchandise exports (2018) Washington state exports valued at $900 million+ (2018), more than double the…
The Greater Seattle region’s economy sizzled in 2018, growing faster than any other major U.S. metropolitan area. Greater Seattle Partners (GSP) released an analysis today showing that the region’s gross domestic product (GDP) increased by more than $23 billion in 2018. “Innovation and talent drive growth,” said GSP CEO Brian P. McGowan. “We are overtaking…
Companies that depend on access to global markets today face very real and serious risks. Tariffs are reducing our trade flows and threatening over half the imports into the Seattle-Tacoma gateway. More than 40% of jobs throughout Washington state are tied to international trade, and trade with China contributes to nearly 200,000 jobs and $7 billion…
State-level export data is out for October, which highlights a 17.5% increase in Washington state exports from September – October 2019. That said, October numbers are significantly below export values for the same time last year. When looking at the MSA-level, Greater Seattle exports totaled over $9.5 billion in Q2 2019, a 21% decrease from…
The Bureau of Labor Statistics’ (BLS) Quarterly Census of Employment and Wages Q2 figures were released this week. Regional employment and wage growth were impressive, though not always equally distributed among the three counties. While the number of establishments in the region also grew, Pierce and Snohomish counties posted larger gains than King County in…
A partnership with three Chinese companies formalized in Shanghai earlier this month aims to raise $20 million to support the greater Seattle region’s innovation and startup ecosystem. Onelin Capital, One Piece Work and Up Honest Capital signed an agreement to establish the fund to support the expansion and soft landing of Chinese technology innovation companies…
This month, GSP attended the Seattle Times’ interactive symposium on artificial intelligence (AI) and the future of work featuring University of Washington (UW) public-policy lecturer Akthar Badshah, co-executive director of United for Respect Andrea Dehlendorf, and UW technology and law professor Ryan Calo. Seattle Times business reporter Melissa Hellmann moderated a lively discussion on artificial…
Agriculture ranks as the second leading export sector in Washington state after civilian aircraft and ahead of computers and electronics. Washington farmers produce more than 300 commodities and topped $10.6 billion agriculture production in 2016 alone. Among many high-value crops produced in the state are apples, cherries, hops and potatoes. In Snohomish County, Washington, the…
Oct. 31, 2019 Clean tech, aerospace, capital investment events highlight relationship-building mission to Shanghai and Hangzhou by Department of Commerce officials, Greater Seattle Partners and Washington State China Relations Council SEATTLE, WA – The Washington State Department of Commerce is leading a state delegation with Greater Seattle Partners, Washington State China Relations Council, Economic Alliance…
Greater Seattle’s economic growth, led in part by leading industries like aerospace and software, has propelled our region onto the international stage. Our emerging identity as a global city also offers opportunity for small businesses to scale up and grow, sharing in the benefits of our red-hot economy. Too often we put the responsibility of…
While Seattle is famous for its coffee and London still reaches for that cup of tea, both cities can agree on one thing: innovative tech businesses have landed in both cities and changed the ecosystem forever. From a company that is developing AI cancer diagnostics to help doctors radically improve patient outcomes, to a…
SEATTLE – Greater Seattle Partners and the Vancouver Economic Commission (VEC) have announced a new cooperation agreement to promote the economy throughout the Cascadia Innovation Corridor. Leaders from both economic development organizations formalized the agreement today at a signing ceremony. The Corridor runs from Vancouver, British Columbia to Portland, Oregon and includes all of western…