Structure Of The Local Economy - 1193 Words

Seattle Washington Research Paper: Structure of the Local Economy Seattle Washington has been one of the fastest growing economic states in the country with a current estimated population of roughly 668,342 according to the United States Census Bureau. Part of the Seattle-Tacoma-Bellevue metropolitan statistical with a total population of 3,733,580, Seattle is the 15th largest metropolitan area in the United States. Located within the Puget Sound region of the Northwest coast, Seattle has thrived in various industries that has made it a key state to the economy. Population job growth has led Seattle into an economic boom. Seattle is a fortunate city, home to a total eight fortune 500 companies, grossing millions in revenue each year†¦show more content†¦A multifaceted transportation network of freeways, railroads, airport, ferry system, and port facilities, Seattle is the main trade, distribution, financial, and services center for the Northwest. Another major contributor to the trade transportation networ k is The Alaskan Way Viaduct. The Viaduct is one of the state s most important transportation corridors, carrying 110,000 vehicles a day the Viaduct is a reliable resource that has contributed to the suburbanization of Seattle. This infrastructure provides a large travel route to and from the city with ease, for those living in Seattle greater metropolitan area they can now live outside the downtown district but can still commute to purchase the vast amounts of goods services located in the city. One of the most profitable businesses in the world calls Seattle their home. Founded in 1975 by Bill Gates, Microsoft has been atop Seattle’s tech industry since entering the market. Microsoft is the leading software company in the United States. IN the Puget Sound region alone, Microsoft employs 42,618 people (Microsoft 2016). With an average income of $113,000 according to the 2016 pay scale, this leave a large amount of discretionary income to trickle down to other service sectors in the city. Microsoft mission statement states; â€Å"Our mission is to empower every person and every organization on the planet to achieve more†. I believe Microsoft is fully committed to this mission and it has progressively made Seattle a