Seattle Economic Study Finds Strong Tech Assets, a Risky Concentration, and a Tax that ‘Penalizes’ Hiring

‘Seawall’ — After long reliance on big tech, Seattle mayor orders pivot to cultivate mid-sized businesses

Seattle economic study finds strong tech assets, a risky concentration, and a tax that ‘penalizes’ hiring

A new report says Seattle’s economy “may not be in decline, but it is in danger.” (GeekWire Photo / Kevin Lisota) An independent study commissioned by the City of Seattle says the city’s tax structure is unique among its peers in the way it “specifically penalizes the hiring of senior, high-compensation workers,” with that penalty falling overwhelmingly on large tech employers. Overall, Seattle’s business taxes are actually in line with competin…

Seattle mayor launches task force as city faces 'fragile' economic moment

Warning that Seattle’s economy is at a “fragile moment,” Mayor Katie Wilson has ordered the creation of a new task force aimed at helping businesses 'start, sta