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More than 100,000 jobs were created in WA in 2017, with more than a dozen foreign owned firms arriving in 2017

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More than 100,000 jobs were created in WA in 2017, with more than a dozen foreign owned firms arriving in 2017

Posted on Feb 05 by Doris Chin

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More than 100,000 jobs were created in WA in 2017, with more than a dozen foreign owned firms arriving in 2017

2017 saw a significant rise in employment opportunities with help from the arrival of new foreign-owned companies tapping in to the region’s skilled workforce. Some well-known foreign-owned companies include KPMG LLP, AIM Aerospace, Harris Rebar, HCL Technologies, and T-Mobile, amongst others. Just last year, more than a dozen foreign-owned companies arrived in the Greater Seattle region.

In 2014, the most recent year data is available, a report from the International Trade Administration showed that 18,500 jobs in Washington State have been created by Canada-owned firms, followed by UK-owned firms with 18,100 jobs, Japanese firms with 14,600 jobs, German firms with 13,200 jobs, and French firms with 7,200 jobs. Among all industries, Washington State attracts more foreign business in aerospace, manufacturing, information and communication technology, and life science/global health industries with manufacturing attracting the most foreign business.

Recently, the Federal Aviation Administration opened a new regional headquarters in the Des Moines Creek Business Park, a few miles south of the Seattle-Tacoma International Airport. Bartell Drugs will also be moving its Seattle distribution center operation to Des Moines Creek and Greencore Group, an Ireland-based convenience food maker, already maintains a distribution center in the area. A game-changer for Des Moines Creek, the arrival of prominent domestic U.S. companies showcases the Greater Seattle region as an attractive destination for foreign-owned companies.

   

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(Credit: International Trade Administration)