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State Economic Survey and Incentive Comparison€¦ · Gross Domestic Product % Growth: 3.4%...

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INCOME AND OUTPUT This section highlights your state's productivity and income to provide an understanding of the amount of business conducted and the rate of growth for businesses and individuals. Gross Domestic Product, in millions: 445,413 (in millions, all industries, 2015); source: U.S. Bureau of Economic Analysis Gross Domestic Product % Growth: 3.4% (quarter 3 2016); source: U.S. Bureau of Economic Analysis Per Capita Personal Income (*GDP/Population) This is often used as a standard of living measurement: $51,898 (2015); source: U.S. Bureau of Economic Analysis Per Capita Personal Income % Change: 3.1% (2-14-2015); source: U.S. Bureau of Economic Analysis WORKFORCE Total Population: 7,288,000 (1 July 2016 estimate); source: U.S. Census Bureau Total Civilian Labor Force: 3,677,100 (civilian labor force, seasonally adjusted, December 2016); source: U.S. Bureau of Labor Statistics Total Number of Persons Employed: 3,487,900 (seasonally adjusted, December 2016); source: U.S. Bureau of Labor Statistics State Economic Survey and Incentive Comparison CONTACT INFORMATION Name: Allison Clark, Managing Director, Business Development, Office of Economic Development and Competitiveness, Washington State Department of Commerce Phone Number: (206) 256-6124 Email Address: [email protected] US State Name: Washington State Abbreviation: WA State Economic Development Web Address: www.choosewashingtonstate.com State Economic Development Email Address: [email protected] State Economic Development Phone Number: (206) 256-6100 Additional Relevant Links for Relocating Companies: http://choosewashingtonstate.com/research- resources/helpful-links/
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Page 1: State Economic Survey and Incentive Comparison€¦ · Gross Domestic Product % Growth: 3.4% (quarter 3 2016); source: U.S. Bureau of Economic Analysis Per Capita Personal Income

INCOMEANDOUTPUTThissectionhighlightsyourstate'sproductivityandincometoprovideanunderstandingoftheamountofbusinessconductedandtherateofgrowthforbusinessesandindividuals.

GrossDomesticProduct,inmillions:445,413(inmillions,allindustries,2015);source:U.S.BureauofEconomicAnalysis

GrossDomesticProduct%Growth:3.4%(quarter32016);source:U.S.BureauofEconomicAnalysis

PerCapitaPersonalIncome(*GDP/Population)Thisisoftenusedasastandardoflivingmeasurement:$51,898(2015);source:U.S.BureauofEconomicAnalysis

PerCapitaPersonalIncome%Change:3.1%(2-14-2015);source:U.S.BureauofEconomicAnalysis

WORKFORCETotalPopulation:7,288,000(1July2016estimate);source:U.S.CensusBureau

TotalCivilianLaborForce:3,677,100(civilianlaborforce,seasonallyadjusted,December2016);source:U.S.BureauofLaborStatistics

TotalNumberofPersonsEmployed:3,487,900(seasonallyadjusted,December2016);source:U.S.BureauofLaborStatistics

State Economic Survey and Incentive Comparison

CONTACTINFORMATIONName:AllisonClark,ManagingDirector,BusinessDevelopment,OfficeofEconomicDevelopmentandCompetitiveness,WashingtonStateDepartmentofCommercePhoneNumber:(206)256-6124EmailAddress:[email protected]:WashingtonStateAbbreviation:WAStateEconomicDevelopmentWebAddress:www.choosewashingtonstate.comStateEconomicDevelopmentEmailAddress:[email protected]:(206)256-6100AdditionalRelevantLinksforRelocatingCompanies:http://choosewashingtonstate.com/research-resources/helpful-links/

Page 2: State Economic Survey and Incentive Comparison€¦ · Gross Domestic Product % Growth: 3.4% (quarter 3 2016); source: U.S. Bureau of Economic Analysis Per Capita Personal Income

TotalNumberofPersonsUnemployed:189,200(seasonallyadjusted,December2016);source:U.S.BureauofLaborStatistics

UnemploymentRate%:5.1%(seasonallyadjusted,December2016);source:U.S.BureauofLaborStatistics

ManufacturingEmployment:288,793(September2016)source:U.S.BureauofLaborStatistics

ProfessionalandBusinessServicesEmployment:402,167(September2016)source:U.S.BureauofLaborStatistics

StateRight-to-WorkLaw?:No

LargeFactoryOpeningsduringPreviousyear:Examplesinclude:

• MitsubishiAircraftCorporation(Aerospace)-EngineeringresearchcenterinSeattle,WA;100jobs;• Autozone(Retail-Aftermarketautomotiveparts)-DistributioncenterinPasco,Washington;250jobs• BestBuy(Retail-ConsumerTechnology)-E-commercecenterinSeattle,Washington;250jobs;• GKNAerospace(Aerospace)-AssemblyfacilityinSumner,Washington;75jobs;• Héroux-Devtek(Aerospace)-AssemblyfacilityinEverett,Washington;20jobs;

Thissectionprovidesfurtherinsightintothepotentialworkforceeducationlevels,advancedareasofeducation,andpartnershipsbetweenhighereducationandindustryforinsightintoqualityoflaborforceandgrowthsustainability.

%HighSchoolDiplomaorMore:90.4%(percentofpersonsage25years+,2011-2015);source:U.S.CensusBureau

%Bachelor'sDegreeorHigher:32.9%(percentofpersonsage25years+,2011-2015);source:U.S.CensusBureau

EnrollmentinHigherEducationInstitutions:390,000(2012);source:WashingtonStudentAchievementCouncil

ScienceandEngineeringGraduateStudents:Science,Engineering,andHealthGraduateStudentsper1,000Individuals25–34YearsOld(Students):9.7(2013);source:NationalScienceFoundation

ListofHighschool,College,orUniversityManufacturingPartnershipPrograms:Examplesinclude:

• WashingtonStateBoardforCommunityandTechnicalColleges;http://www.sbctc.edu/for-employers/grants-loans.aspx

o JobSkillsProgramo CustomizedTrainingProgram

• SkillUpWashington;https://skillupwa.org/our-work/o ManufacturingAdvancementPathwaysProject(MAPP)o Supportingvarioustrade,transportation,andlogistictraininginitiativesandprogramssuchasPortJobso Supportingvarioushealthcaretraininginitiativesandprogramso SupportingtheCollegeforWorkingAdults(CWA)initiativeandtheBusinessInformationTechnology(BIT)

programo Supportingvariousconstruction/utilitiestraininginitiativesandprograms

• CenterofExcellenceAerospaceandAdvancedManufacturing;http://www.coeaerospace.com/o Supportingvariousadvancedmanufacturing,aerospace,composites,construction,andcleanenergy

trainingprogramsviagrantfunding

ListofAdditionalManufacturingTrainingPrograms:Examplesinclude:

• CenterforAdvancedManufacturingPugetSound;http://camps-us.com/programs/o CAMPSMedicalDeviceAlliance(CMDA)o MilitarytoManufacturingCareerPathwaysProgram(M2M)o ManufacturingInternshipProgramo Maritime/MarineIndustrySupplyChainProgramo NationalPurchasingProgramo PlasticIndustryTrainingProgram

• AerospaceJointApprenticeshipCommittee;http://www.ajactraining.org/about/• AdvancedManufacturingTrainingandEducationCenter;https://www.everettcc.edu/ccec/amtec

Page 3: State Economic Survey and Incentive Comparison€¦ · Gross Domestic Product % Growth: 3.4% (quarter 3 2016); source: U.S. Bureau of Economic Analysis Per Capita Personal Income

COSTOFDOINGBUSINESSThissectionhighlightsthecostsassociatedwithdoingbusinessinyourstateincludingtaxes,wages,insurance,andenergyexpenses.StateCorporateIncomeTax%:0.00%;source:TheTaxFoundation,2017StateBusinessTaxClimateIndex

StateIndividualIncomeTax%:0.00%;source:TheTaxFoundation,2017StateBusinessTaxClimateIndex

StateLevelSalesTax%:6.50%;source:TheTaxFoundation,2017StateBusinessTaxClimateIndex

StateUseTax:Yes;sameasthesalestaxrate(state+local);source:WashingtonStateDepartmentofRevenue

UnemploymentInsuranceTax%(estimate):0.13%-5.72%;source:TheTaxFoundation,2017StateBusinessTaxClimateIndex

AdditionalRelevantTaxes:

• BusinessandOccupationTax:0.13%-3.30%;source:TheTaxFoundation,2017StateBusinessTaxClimateIndex

Workers'CompensationEmployerInsuranceCostsper$100ofPayroll:$2.00(2016);source:WashingtonStateDepartmentofCommerce

AverageIndustrialElectricRate:4.39cents(December2016);source:U.S.EnergyInformationAdministration

AveragePriceofNaturalGasDeliveredtoIndustrialConsumers:$7.30(December2016);source:U.S.EnergyInformationAdministration

AverageHourlyEarningsofProductionWorkersinManufacturing:$20.70(May2015);ProductionOccupations,occupationcode:51-0000,WashingtonState;source:U.S.BureauofLaborStatistics

MinimumWage(current):$11.00(January2017);source:U.S.DepartmentofLabor

PendingLegislationRegardingMinimumWage:Initiative1433;annualincreaseinminimumwageupto$13.50in2020;source:WashingtonStateDepartmentofLaborandIndustries

ENTREPRENEURSHIPANDINNOVATIONThissectionunderscoresthesuccessesofyourstateintermsofbusinessinnovationthroughawards,venturecapital,andintellectualpropertyattainment.

TotalSmallBusinessInnovationResearch(SBIR)Awards:85

TotalSmallBusinessTechnologyTransfer(STTR)AwardsFound:10

VentureCapitalDeals,inmillions:$1,000.31(2016);source:PitchBook;https://pitchbook.com/newsletter/the-top-6-vc-investors-in-washington-state

%ofStatewithInternetAccessibility:83.4%ofindividualsliveinahouseholdwithhigh-speedinternetuse(2013);sources:U.S.CensusBureau;ComputerandInternetUseintheUnitedStates:2013

NewlyRegisteredBusinesses:113,524(2016);source:WashingtonStateDepartmentofRevenue-StateofWashingtonBusinessLicensingService

NewlyRegisteredPatents:7,038(2015);source:U.S.PatentandTrademarkOffice

Page 4: State Economic Survey and Incentive Comparison€¦ · Gross Domestic Product % Growth: 3.4% (quarter 3 2016); source: U.S. Bureau of Economic Analysis Per Capita Personal Income

FOREIGNDIRECTINVESTMENTThissectionprovidesinsightintotheamountofcurrentinvestmentoverseasandthepotentialstatemarketformanufacturerstoreshore.

ForeignDirectEmployment:Foreigncompaniesemploy96,000workers;4%ofthestate’sprivatesectorworkforce;32%ofthesejobsareinmanufacturing;source:WashingtonStateDepartmentofCommerce

Companies:Abengoa,Aciturri,Aernnova,AtkinsGlobal,BAESystems,Biomar,BuddyTV,Bucher,BritishPetroleum,Camper,Cosentino,CulinaryCollective,DassaultSystems,Encon,Enerfin,Fiberdyne,HSBC,Huawei,Iberdrola,Iberia,IndustrialNeotex,iSoftStone,Itron,Inc,Jasic,Jubilant,KyoceraIndustrialCeramicsCorp,Liebherr,Mitsubishi,MtorresAmerica-PacificaEngineering,NabtescoAerospace,NovoNordisk,Pactera,PhilipsHealthcare,Repsol,Safran,SaintGobainPerformancePlastics,SEHAmerica,Inc,SGLAutomotiveCarbonFibers,SharpMicroelectronicsoftheAmericas,Shell,T-Mobile,Talgo,Tata,Technosylva,Toray,UmbraCuscinetti,Inc,Zara,Zodiac

TRANSPORTATIONANDINFRASTRUCTUREThissectionshedslightonthebasicinfrastructureofyourstateandwhatacompanycanexpectintermsofthelogisticsofshippingtheirproduct.

Numberofmajor2or4-LaneHighwaysrunningthroughstate:3primaryinterstatehighways(I-5,I-82,I-90);4auxiliaryinterstatehighways(I-182,I-205,I-405,I-705);Over7,000milesofStateHighways;source:WashingtonStateDepartmentofCommerce

Numberofmajorrailwaysgoingthroughstate:2classonerailroads;24shortlinerailroads;source:WashingtonStateDepartmentofCommerce

Numberofmajorportsconnectedtostate:75ports;source:WashingtonStateDepartmentofCommerce

Numberofairportsthroughoutstate:4majorairports;source:FederalAviationAdministration:

• Seattle-TacomaInternationalAirport:17,888,080enplanements(passengerboardings)• SpokaneInternational:1,445,572enplanements(passengerboardings)• BellinghamInternational:543,346enplanements(passengerboardings)• Tri-CitiesAirport:329,087enplanements(passengerboardings)

NumberofInternationalairportsthroughoutstate:3majorinternationalairports;source:FederalAviationAdministration:

• Seattle-TacomaInternationalAirport:17,888,080enplanements(passengerboardings)• SpokaneInternational:1,445,572enplanements(passengerboardings)• BellinghamInternational:543,346enplanements(passengerboardings)

Numberofforeigntradezones:11;source:WashingtonStateDepartmentofCommerce;http://choosewashingtonstate.com/i-need-help-with/site-selection/foreign-trade-zones/

• FTZNo.5Seattle• FTZNo.85Everett• FTZNo.86Tacoma• FTZNo.120CowlitzCounty• FTZNo.128WhatcomCounty• FTZNo.129Bellingham• FTZNo.203MosesLake• FTZNo.212Tacoma• FTZNo.173GraysHarbor• FTZNo.216Olympia• FTZNo.224Spokane

Page 5: State Economic Survey and Incentive Comparison€¦ · Gross Domestic Product % Growth: 3.4% (quarter 3 2016); source: U.S. Bureau of Economic Analysis Per Capita Personal Income

INCENTIVES

Differentstatesofferdifferentincentivestoenticecompaniestomovetotheirstate.Thissectionwillallowyoutohighlighttheseincentives.

PendingLegislationProposedIncentivesCurrentlyPendingApproval?:Yes

• HB1894-2017-18:“Reinstatingtaxpreferencesforcertainhigh-technologyresearchanddevelopment”;source:WashingtonStateLegislature

CashIncentivesDoesyourstateprovideanyCASHincentives?:No

StateTaxCreditsDoesyourstateprovideanyTaxCreditincentives?:Yes;http://dor.wa.gov/content/FindTaxesAndRates/TaxIncentives/IncentivePrograms.aspx

EmployerTaxIncentivePrograms:

B&OTaxCreditforNewEmployeesinManufacturingandResearch&DevelopmentinRuralCounties

• Availableto:Manufacturers,R&Dlaboratories,andcommercialtestingfacilitieslocatedinruralcountiesorwithinaCEZ.

• QualifyingActivity:Creatingnewemploymentpositions/increasein-stateemploymentby15%.• Amount:

o $2,000credit/positionwithannualwages/benefitsof$40,000orless;oro $4,000credit/positionwithannualwages/benefitsofmorethan$40,000

CommuteTripReductionProgram–B&OTax/PublicUtilityTaxCredit

InternationalServices–B&OTaxCreditfornewemployment

WashingtonCustomizedEmploymentTrainingProgram–B&OTaxCredit

MiscellaneousIncentivePrograms:

MainStreetTaxCredit–B&OTax/PublicUtilityTaxCredit

WashingtonFilmworksContributorsB&OTaxCredit(formerlyMotionPictureCompetitivenessProgram)

AluminumSmeltingIndustryTaxIncentivePrograms:

B&OTax/PublicUtilityTaxCreditforElectricity,NaturalGas,orManufacturedGassoldtoAluminumSmelters

B&OTaxCreditForStatePortionofSalesTaxonMaterialsUsedinAluminumSmelter

B&OTaxCreditforPropertyTaxonAluminumSmelter

RenewableEnergy/GreenIncentives:

HogFuelandForest-DerivedBiomass–B&OTaxCreditandSales/UseTaxExemption

StateTaxExemptionsDoesyourstateprovideanyTaxExemptions?:Yes;http://dor.wa.gov/content/FindTaxesAndRates/TaxIncentives/IncentivePrograms.aspx

GeneralManufacturingIndustry:

MachineryandEquipment(M&E)Sales&UseTaxExemption

Page 6: State Economic Survey and Incentive Comparison€¦ · Gross Domestic Product % Growth: 3.4% (quarter 3 2016); source: U.S. Bureau of Economic Analysis Per Capita Personal Income

• Availableto:ManufacturersandprocessorsforhireperformingmanufacturingandR&D.Testingoperationforamanufacturerandprocessorforhire.

• QualifyingActivity:Purchaseofqualifyingmachineryandequipmentuseddirectlyinamanufacturingoperationorresearchanddevelopmentperformedbyamanufacturer,ortestingoperationsperformedforamanufacturer.

• Amount:Savingsamountto6.5%+localrate.

HighUnemploymentCountySales&UseTaxDeferral/WaiverforManufacturingFacilities(EffectiveJuly1,2010)

• Availableto:Manufacturers,personsconditioningvegetableseeds,researchanddevelopmentandcommercialtestingformanufacturersinaqualifyingcountyorinaCommunityEmpowermentZone(CEZ).

• QualifyingActivity:Certainconstructionandequipmentpurchasesfornewandexpandingbusinesses.

RuralCounty/CommunityEmpowermentZone(CEZ)Incentives:

PurchasesofServerEquipmentandPowerInfrastructureforuseinEligibleDataCenters–Sales/UseTaxExemption

• Availableto:Theownerofaneligibledatacenterwithacombinedsquarefootageofatleast100,000squarefeetandtenantsoftheownerofaneligibledatacenterlocatedinaruralcounty.Toqualifythedatacentermusthaveabuildingpermittoconstruct,renovate,orexpandthedatacenterissuedbetween:

o April1,2010andJune30,2011;o April1,2012andJune30,2015;oro July1,2015andJune30,2025

• QualifyingActivity:Sales/usetaxexemptionon:o Purchasesofeligibleserverequipmentandlaborandservicestoinstallserverequipmentinaneligible

datacenter.o Purchasesofeligiblepowerinfrastructure,andlaborandservicestoconstruct,install,repair,alter,or

improveeligiblepowerinfrastructure.

Sales&UseTaxDeferral/WaiverforCorporateHeadquartersLocatinginCommunityEmpowermentZone

• Availableto:BusinesswithcorporateheadquarterslocatinginaCEZ.• QualifyingActivity:LocatewithinaCEZ;Investatleast$30millioninqualifiedbuildings,tangiblepersonalproperty,

andfixtures,etc,includinglaborandplanning;Employatleast300employees,eachwhomustearnatleasttheannualaveragewageforthestateforthatyear;MeetthedefinitionofcorporateheadquartersasdefinedinRCW82.82.010.

11ForeignTradeZones:

• Ifyourcompanyimportscomponentsfordistributionormanufacturesfinishedproductsthatareexported,Washington'sForeignTradeZones(FTZ)canofferyouatremendouscompetitiveadvantage.BusinesseswithoperationsinaFTZcanreceiveforeignmerchandiseforstorage,assembly,manufacturingandprocessingwithoutbeingsubjecttoformalCustomsentryprocedures,dutiesandfederalexcisetaxes.ThesefeesarenotdueuntilthemerchandiseistransferredfromtheFTZandisreadyforconsumptionbyU.S.customers.Ifthegoodsareexported,thennodutiesortaxesarepaidonthoseitems.

• ForthepurposesofCustoms,FTZsareconsideredtobeoutsidetheU.S.CustomsTerritory.Sincetheyhaven'tformallyenteredtheUnitedStates,componentsandmerchandisecanbeshippedinandoutoftheFTZexemptfromdutypayments.GoodscanremainintheFTZforanindefiniteamountoftimeandabusinesscanconductanynumberofactivities,includingassembly,packaging,storing,cleaning,re-packing,distributing,sorting,grading,repairing,testingorrecycling.

• FTZscangreatlyreducethecostofdoingbusinessandsimplifyprocessingandentryfeesaswellasthepaperworkrequired.Italsoallowscompaniestoretainmorecapital,improvingcashflowasgoodsaremovedinandoutoftheUnitedStates.

AerospaceIndustry:

Sales&UseTaxExemptionforAerospaceBusinessesforComputerHardware/Software/Peripherals

RetailSalesandUseTaxExemptionfortheConstructionofNewFacilitiesUsedtoManufactureCommercialAirplanes,FuselagesorWingsofCommercialAirplanesConstructionofNewFacilitiesUsedforAirplaneRepairandMaintenance-RetailSalesandUseTaxExemption

Page 7: State Economic Survey and Incentive Comparison€¦ · Gross Domestic Product % Growth: 3.4% (quarter 3 2016); source: U.S. Bureau of Economic Analysis Per Capita Personal Income

FoodManufacturingIndustry:

B&OTaxExemptionforManufacturersofFreshFruit&Vegetables

B&OTaxExemptionforManufacturersofSeafoodProducts

BiofuelIndustry:

WasteVegetableOil–Sales/UseTaxExemptionandSpecialFuelTaxExemptiononPurchasesforPersonalUse

Property/LeaseholdTaxExemptionforManufacturersofBiodiesel/AlcoholFuel,etc.

SemiconductorIndustry:

Sales/UseTaxExemptionforPurchasesofSemiconductorGases&Chemicals

AluminumSmeltingIndustry:

BrokeredNaturalGasUseTaxExemption

Farming&Agriculture:

Sales/UseTaxExemptionforReplacementPartsforFarmMachinery&Equipment

Sales/UseTaxExemptionforLivestockNutrientManagementEquipment&Facilities

Sales/UseTaxExemptionforAnaerobicDigesters

Sales/UseTaxExemptionforFarmFuelUsers

RenewableEnergy/GreenIncentives:

ElectricVehicleBatteriesandElectricVehicleInfrastructure(ChargingStations)-Sales/UseTaxExemption,LeaseholdTaxExemption

Machinery&EquipmentUsedtoGenerateElectricityUsingRenewableEnergy&SolarThermalHeatSystems-Sales/UseTaxExemption

CleanAlternativeFuelandPlug-InHybridVehicles–Sales/UseTaxExemptions

HogFuelandForest-DerivedBiomass–B&OTaxCreditandSales/UseTaxExemption

MiscellaneousIncentivePrograms:

Sales/UseTaxExemptionforMotionPictureandVideoProductionCompaniesonRentalofProductionEquipmentandPurchaseofProductionServices

WeatherizationAssistanceProgram–Sales/UseTaxExemption

PowerforElectrolyteProcessing–PublicUtilityTaxExemption

StateGrantsDoesyourstateprovideanyGrantincentives?:Yes

Governor’sStrategicReserveFund

• Designatedtoassistcompanieswithlegislativelyallowableexpensesrelatedtobusinessrecruitment,retention,andexpansion.

JobSkillsProgramCompetitiveGrant

• Providescustomizedemploymenttraining.$900pertrainee.

Page 8: State Economic Survey and Incentive Comparison€¦ · Gross Domestic Product % Growth: 3.4% (quarter 3 2016); source: U.S. Bureau of Economic Analysis Per Capita Personal Income

WorkStart

• Abusiness-driven,customizedworkforcetrainingprogram.Grantsaverage$1500pertrainee.

StateLoansDoesyourstateprovideanyLow-InterestFinancingincentives?:Yes

CERB/CommittedPrivatePartner(CPP)LoansandGrants

• Forconstructionofpublicinfrastructurenecessaryforprivatebusinessexpansion.CPPProgramrequiresaprivatebusinesscommitmentaspartofthepublicentity’sapplication.$2millionloanmax.Upto$150,000grantor50%ofCERBrequest.

WashingtonSmallBusinessCreditInitiative

• WashingtonoffersthreeprogramsthroughtheWashingtonSmallBusinessCreditInitiative(WSBCI),includingCAP,whichhelpssmallbusinessesthatarehavingtroublegettingconventionalbusinessloans;Craft3,whichservestraditionallyunderservedbusinessesthatneedfunding;andfinally,theWFund,whichisgearedtowardstart-upsandcompaniesemergingfromstateuniversitiesandresearchcenters.

IndustrialRevenueBonds

• Thesebondsareidealforbusinessesbuildingorexpandingmanufacturingandprocessingfacilitiesastheyusuallyoffercompanieslowerinterestloansthanareotherwiseavailableontheopenmarket.

BrownfieldsRevolvingLoanFund

• Brownfieldsaredesignedtoprovidefinancingforpropertiesthatrequireextensivecleanupandreclamationduetocontamination.TheBrownfieldsCoalition,whichoffersthislowinterestfundingoption,canalsoworkwithownersanddeveloperstostreamlinepermittingatthelocal,regional,andnationallevel.

TrainingProgramsDoesyourstateprovideanySpecializedTrainingProgramincentives?:Yes;http://choosewashingtonstate.com/i-need-help-with/workforce-training/

WashingtonWorkStart

• WashingtonWorkStartisidealforbusinessesthataremakingsignificantinvestmentsinnewbusinessactivitiesandexpansionstrategiesorareexpandingtheiroperationsintotheWashingtonStateandneedemployeeswithspecificskillsetsorcompetencies.

CentersofExcellence

• OurCentersofExcellenceareflagshipinstitutionsthatbuildandsustainWashington'scompetitiveadvantagethroughstatewideleadership.Eachcenterfocusesonaspecifickeysectorthatdrivesthestate'seconomyandisbuiltuponareputationforfast,flexible,qualityeducationandtrainingprograms.Atargetedindustryisidentifiedasonethatisstrategictotheeconomicgrowthofaregionorstate.Thereareatotalof11centers,rangingfromaerospacetoadvancedmanufacturing.

IMPACTWashington

• IMPACTWashingtonisastatewideprogramthathelpsbusinessesbecomemorecompetitiveandprofitable.Itisstaffedbyseasonedindustryprofessionalswithexpertiseinadiverserangeofindustries,productsandservices.Fromleanmanufacturingtomarketing,theprogramprovidesone-on-oneconsultations,customizedtrainingandeducationalseminars.

WorkforceTrainingandEducationCoordinatingBoard

• TheWorkforceTrainingandEducationCoordinatingBoardmaintainsastatewidenetworkofofficesthatworkcloselywithcommunityleaders,employers,jobseekersandunionstocreatehealthyandstableeconomiesandidentifyworkforcegapstoensurethestatehasasteadysupplyofhighlyskilledworkersinkeysectors.Asastateagency,theWorkforceBoardoverseesaworkforcedevelopmentsystemthatincludes18educationand

Page 9: State Economic Survey and Incentive Comparison€¦ · Gross Domestic Product % Growth: 3.4% (quarter 3 2016); source: U.S. Bureau of Economic Analysis Per Capita Personal Income

trainingprogramsreceivingalmost$1billionannuallyinstateandfederalfunds.Theresultsincludeemployer-drivenjobtraining,jobseekerserviceandstrategicplanning.

WorkforceDevelopmentCouncil(WDC)

• TheWorkforceDevelopmentCouncilhelpsresidentsbecomeemployed,re-entertheworkforceormoveaheadintheircareers.TheWDCisastatewidenetworkofofficesestablishedtocollaboratewithcommunityleaders,employers,jobseekersandunions.Theirmissionistocreatehealthyandstableeconomiesandidentifyworkforcegaps.Theresultsincludeemployer-drivenjobtraining,jobseekerservices,andstrategicplanning.

JobSkillsProgram

• Ifyourcompanyneedsacustomizedtrainingprogram,ourJobSkillsProgramcanhelpyouconnectwithalocalcommunitycollegetodesignandteachit.Theprogramcreatesemploymentopportunitiesincommunitieswithhighunemploymentrates,highratesofpoverty,andcommunitiesimpactedbylarge-scalejobloss.JSPfundshalfofthetrainingcost;partneremployersprovideacashorin-kindmatchtofundtheotherhalf.

WashingtonCustomizedTrainingProgram

• TheWashingtonCustomizedTrainingProgramcanalsoprovideyouwithemployee-trainingthatisdeliveredatthelocalcommunitycollege,technicalcenterorprivatecareercollegelevel.Eligibleprogramscanincludeskillsassessment,evaluation,trainingequipment,materials,facilities,suppliesandprovidetraininginbasiceducationandskills,technicalskillsandjob-relatedinstruction,andEnglishasasecondlanguage.Thisparticularprogramallowsyoutopayforthetraining,inpart,withabusinessandoccupationtaxcredit,soyoumustbeaWashingtonStatebusinesstoqualify.

WorkforceCollege

• WorkforceCollegeoffersWashingtonbusinessesaone-stopresourceforemployeetrainingat34CommunityandTechnicalCollegesacrossthestate.Businessescansearchforcollegesthatprovidetraininginaparticularsubjectandrequestproposalsforcustomizedtraining.

WorkSourceLaborAnalysis

• AdivisionofWashingtonStateEmploymentSecurityDepartment,WorkSourceisaninvaluableresourceforemployers,providingin-depthlaborinformationabouttheWashingtonjobmarket.

StateMarketingandPromotionsDoesyourstateprovideanyMarketingandPromotionalincentives?:No

InnovationCentersDoesyourstatehaveInnovationCentersorAdditionalResourceavailableforcompanies?:Yes

14InnovationPartnershipZones

• Collaborationandinnovationarethedualroadsthatleadtosuccessinthemarketplace.Recognizingthepowerofpartneringwithlikemindedcompaniesandindividuals,WashingtonhaslaunchedInnovationPartnershipZones(IPZ)aroundthestate.

• Businesseswantingtodobusinessherehavetheoptionoflocatinginoneofthesezones,whichoffersauniqueenvironmentthatbringsresearch,workforcetrainingandprivatesectorbusinessestogetherinclosegeographicalproximitytocreatenewcompanies,productsandjobs.

• IPZsaresetupbycluster,includingaerospace,cleanenergy,medicaldevices,interactivemedia,watermanagementandevenwineandhospitality.EachIPZissitedtotakeadvantageoftheregion'spooloftalent,resourcesandentrepreneurism.

• Forbusinesses,IPZscanbeasmartbusinessmove.EachIPZoffersuniversityresearcherswhoworkcloselywiththeirprivatesectorpartnerstodevelopprototypes,incubatestart-ups,developcriticaltrainingprogramsandpoolbestpracticesinordertoblazenewtrailsininnovation.

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Experttradeassistanceforsmallbusinesses

• Freeservicedesignedtohelpsmallbusinessesbyopeningdoorsoverseas,connectingthemwithforeignpartners,generatingleads,matchingthemwithotherbusinessesandtappingintonewmarketsthroughtradeshows,trademissionsandothereffectivestrategies.OurSmallBusinessExportAssistanceteamfocusesonspecificindustrysectors:aerospace,cleantechnology,informationandcommunicationtechnology,forestproducts,lifescience/globalhealth,maritime,consumerproducts,educationandprofessionalservices.ButwecanhelpanybusinessinWashingtonState,regardlessofindustry.FollowingarejustafewofthemanyservicesyoucantakeadvantageofasaWashingtonStatebusiness:Advocacy,consulting;riskmitigation;marketresearch,trademissionsandtradeshows,businessmatchmaking,andcustomizedprogramsandservices.

REGIONALINFORMATION

PugetSoundRegion

Doesthisregionhaveadesignatedwebsite?:Yes;http://www.psrc.org/;http://www.edc-seaking.org/

Overview:Withapopulationofapproximately3,985,100,thePugetSoundRegionhasseveralmajorcitiesincludingSeattle,Tacoma,andBellevue,andspansKing,Kitsap,Pierce,andSnohomishCounties.

Whatindustryorindustriesareprominentinthisregion?

• AerospaceandDefense• MaritimeandLogistics• CleanTechnology• FinancialandBusinessServices• GlobalTradeandInvestment• LifeSciencesandHealth• InformationandCommunicationsTechnology• OutdoorRecreation,Fashion,andApparel

Whataresomeuniqueaspectsofthisregion?

• HometosomeofthemostinnovativeandsuccessfulcompaniesintheworldincludingAlaskaAirlines,Amazon,BoeingCommercialAirplanes,Microsoft,Starbucks,Costco,Weyerhaeuser,Nordstrom,REI,amongmanyothers.

• 47.9%ofadults(25+)haveabachelorsdegreeorhigher• 92.3%ofadults(25+)haveahighschooldiplomaorhigher

Arethereanyspecialprogramsorincentivesforcompanieswantingtomovetothisregion?(Y/N):Pleasereferencestateincentives

Doesthisregionoffersiteselectionassistance?:Yes

• PrimaryContact:OfficeofEconomicDevelopmentandCompetitiveness,WashingStateDepartmentofCommerce• OtherContacts:TheEconomicDevelopmentCouncilofSeattle&KingCounty,theEconomicDevelopmentBoard

forTacoma-PierceCounty,amongothers

Page 11: State Economic Survey and Incentive Comparison€¦ · Gross Domestic Product % Growth: 3.4% (quarter 3 2016); source: U.S. Bureau of Economic Analysis Per Capita Personal Income

AMERICANMADELABELREQUIREMENTSDoesyourstatehaveanyspecificrequirementsforlabelingproducts"MadeinUSA"?:No

Istherependinglegislationregardingtheserequirements?:No

Doesyourstatehaveanyspecificrequirementsforlabelingproducts"Madeinyourstate"?:No

Istherependinglegislationregardingtheserequirements?:No

Isthereanorganizationorentitythatmonitorsstatelabeling?:Yes-ImpactWashington;https://impactwashington.org/made-in-washington/

• Viathe“MadeinWashington”program,ImpactWashingtonoffersafreeservicetothecommunitythatcertifies,promotes,andconnectsWashingtonStatemanufacturers.The“MadeinWashington”logobadgeisexclusivetoapprovedin-statemanufacturers.Aftercertification,manufacturersarefreetodisplaythebadgeontheirwebsiteandproductpackaging.

• 3303MonteVillaParkway,Suite340,Bothell,WA98021,E-mail:[email protected],Phone:425.287.6808

Istherependinglegislationregardingtheserequirements?(Y/N):No

IfyouansweredYEStothequestionabove,Pleasedescribetheproposedlegislationincludingthebillnumber:

Isthereanorganizationorentitythatmonitorsstatelabeling?(Y/N):No

IfyouansweredYEStothequestionabove,Pleaseprovidethenameandcontactinformationforthetheorganizationorentity:

DateofSubmission:April21,2017

Thankyouforyourtime.Pleaseemailyourresponsestoalevy@reshoringinstitute.organdyourresponseswillberecordedandavailableonlineforreviewatwww.reshoringinstitute.org.


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