March 2012

Seattle’s economy

Since the 1980s, Seattle had become known as a tech city with all the technology companies that are headquartered there. The first thing I thought of when Seattle was mentioned was the tech giant Microsoft but that is actually headquartered in Redmond, Washington on its own street Microsoft Way.

In actual fact, Seattle’s economy is made up of a mixture of older industrial firms and the technological companies that have made the city a tech hub recently. Seattle is actually the twelfth largest metropolitan economy in this country and in 2010, the city’s contribution to GDP was $231 billion. Fortune 500 companies such as, the internet retailer, Starbucks and the high end department store Nordstrom are headquartered in Seattle.