Advantage Commercial Brokers provides sell side advisory and buy side advisory to privately held companies with annual revenues up to $20 million in Washington State and Nevada.
Ranked consistently among the top "Fastest-Growing Large Cities in the Nation", Seattle is a major port city for the Trans-Pacific trade and an advanced hub for business and technology. The friendly business environment in Washington State with no corporate income tax and no personal income tax as well as a highly educated workforce attract some of the world's most influential companies to headquarter in the Seattle MSA, including Amazon, Microsoft, Costco, Starbucks, Paccar, Nordstrom, Expedia, and Weyerhaeuser.
The presence of major employers supports thousands and thousands of thriving small businesses in the region. For example, the presence of Amazon alone resulted in an additional 228,000 indirect jobs created in the Seattle MSA.
Some of the area's largest and notable employers include:
75,000 jobs
58,800 jobs
57,000 jobs
54,000 jobs
31,090 jobs
7,500 jobs
6,300 jobs
5,400 jobs
2,500 jobs
31,090 jobs
According to a recent study from Construction Coverage, the Seattle metro area has more than 100,000 small businesses and about 2.55 small businesses per 100 residents, which makes the Seattle metro area rank #7 in the nation for the most small businesses per capita among large metro areas. Not only does the Puget Sound area boast a large number of small businesses, but many of these small businesses also enjoy a relatively recession-resistant business climate due to the region's diverse economy. During the Great Recession and global pandemic when many areas in the country suffered, the Seattle region weathered the economic storm more unscathed than many other areas in the country.
Greater Seattle also provides one of the most educated workforces. According to WalletHub, the Seattle MSA ranks among the top 10 most educated metro areas in the U.S. With approximately 34,000 faculty and staff, and undergraduate and graduate combined enrollment of approximately 59,660 students, the University of Washington is ranked among the top 10 best public colleges by American City Business Journal.
The Puget Sound region's diverse economy is evidenced by the fact that there is not a high concentration on any one specific industry. The employment by sector in the Seattle-Bellevue-Tacoma MSA is approximately as follows:
A thriving economy, friendly business climate, educated workforce, and world-class living environment full of culture and natural beauty are reasons why many entrepreneurs choose to make the Seattle area their home. As the Puget Sound region continues to experience population growth, there is increasing demand for businesses to provide products and services. Advantage Commercial Brokers has decades of experience assisting small business owners sell their companies, and helping business buyers find the perfect business to buy.
Contact Advantage Commercial Brokers today for a free consultation on how we can help you sell or buy a small business in Washington State!
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