For more than 100 years, aerospace has been an economic cornerstone of Washington state. Today more than 136,000 Washingtonians are employed in the industry, all across the state. From Boeing to aerospace suppliers and the thousands of businesses that support them directly and indirectly, our state’s economy and its future are closely tied to this important industry.
Washington’s aerospace industry is an economic driver for communities across the state. The industry directly employs more than 136,000 workers, with a presence in nearly every county. Its impact on total employment is even larger, and people in industries like restaurants, retail, wholesale trade,construction and waste management services benefit from the aerospace industry’s indirect and induced jobs.
Some quick facts about aerospace in Washington state:
Download a PDF of the latest Washington State Aerospace Economic Impacts 2016 Update, a study that assesses the large and important impacts of aerospace on the Washington state economy, including on jobs, wages, revenues, exports, and tax incentive users.
The Governor and legislature have made smart, strategic investments in recent years. The aerospace industry tax incentive package passed in 2013 has produced strong results:
Aerospace growth in Washington state remains strong, attracting hundreds of companies and creating thousands of new jobs. Boeing is preparing to launch a new airplane program in the coming years that promises to build on the investments the state has already made in the 787 and 777X airplanes. In addition, our growing space exploration industry, with companies like Space X and Blue Origin, is opening up another dimension for Washington’s continued aerospace leadership role. However, increased international competition is putting new economic pressure on growth for the entire global industry.
We need a strong statewide partnership in order to remain a global leader in this industry for generations to come. Rather than talking about reopening a deal that is already working for Washington, we should focus on the approaching challenges and potential for a new airplane program in the state. Changing the aerospace industry tax incentives casts doubt on the state’s willingness to honor its commitments and puts thousands of jobs at risk. The best thing the state can do to maintain and grow aerospace jobs is honor its commitment. Let’s keep the industry working for everyone.
Aerospace Works for Washington is a statewide coalition of elected, business and community leaders working to ensure Washington state remains a leader in aerospace.
Aerospace Works for Washington is a statewide coalition of elected officials, business and community organizations advocating for our state’s aerospace industry. We are a project of the Seattle Metropolitan Chamber of Commerce: (206) 389-7200.
This study assesses the large and important impacts of aerospace on the Washington state economy and quantifies these impacts, both across the state and by select sub-state geographies. Analytics presented in this report represent updated estimates for 2015, leveraging the most recently published data, including on jobs, wages, revenues, exports, and tax incentive users.