Study: Manufacturing, maritime generate steady jobs, revenue for city
Mayor Greg Nickels has announced the findings of two economic impact studies that show the manufacturing and maritime industries pump about $17.3 billion into the local economy.
The industries contribute about $93 million in tax revenues - nearly 30 percent of all revenue generated by Seattle businesses - and employ more than 90,400 Seattle workers.
“Manufacturing and maritime industries are the backbone of Seattle’s diverse economy, and we must keep them strong,” said Nickels in a statement. “Especially in tough economic times, these industries provide good-paying jobs and steady growth.”
Commissioned by the city’s Office of Economic Development, the studies found that manufacturing jobs in Seattle grew by 10 percent from 2005 to 2008, while the nation lost nearly 5 percent of its manufacturing jobs during the same time period.