04-17-10
Economically Advantaged
We’ve discussed the agricultural scene of Washington, but it’s important to elaborate on all the other commodities and products that keep this state in business. If you’re planning to purchase land here and perhaps start an operation such as farming, ranching, or another form of production, it can be beneficial to know what else is going on around you. Being aware of your new surroundings and keeping up with the economy is the first step to successful investment and beneficial returns.
First and foremost, one cannot talk about Washington’s economy without mentioning the large presence of the Boeing Company. Specializing in the manufacturing of aircraft products, Boeing employs roughly 73,000 people in Washington alone and generates approximately 60 billion in revenue annually. The state also leads the nation in shipbuilding—the Puget Sound being the epicenter for both these industries.
Close behind, in terms of annual revenue, are the following: food processing, farming and livestock, mining, and fishing. Washington is also a leader in the real estate, personal finance, and insurance markets. The state is the unlikely hero behind such international giants such as Starbucks, Microsoft, REI, Nordstrom, and Amazon.com.
One wouldn’t think it when looking at the many towns, small urban centers, and coastal villages sprinkled all over the state, but the region is a true economic powerhouse, creating and owning many of our countries most successful businesses. Production and creativity is never lacking, with new ideas buzzing around all the time—also, cash flow never seems to be an issue. Rich in more ways than one, Washington is the perfect balance of serenity and productivity.
