Washington State’s bustling economy truly has something for everyone. With more than a quarter million businesses in the state, we cover nearly every industry and profession imaginable. Following are the key industries we dedicate additional resources to, largely because they have the most potential for creating economic wealth and job growth throughout the state in the years to come.
Washington offers small businesses a high chance of survival, second only to California. In 2013, the number of businesses founded in the state was 3.5 times the number failed businesses. Washington has a high per-capita GDP of $60,476 and the sixth-lowest business tax climate score in the nation, which indicates a solid economic and business foundation for new business growth.
Other factors that help make Washington the best state for entrepreneurs is the state's large pool of available employees, equal to 5.8 percent of the state's population, and a high rate of small business lending. Even with Washington's higher-than-average cost of living, new companies can thrive in this state.
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