The Evergreen State has experienced a boom of IPOs in the past year. From January through October 2021, 15 companies in the state announced initial public offerings, a record. In the previous four years, only one company, Adaptive Biotechnologies, had gone public. Remitly Global, Sana Biotechnology and Impel NeuroPharma all announced IPOs in the past year, and, in August, cannabis marketplace Leafly announced an estimated $532 million IPO.
B&O Credits: Offers tax credits of up to $4,000 per position for jobs in rural counties that pay wages of $40,000+.
CERB Committed Private Partner Program: Offers grants of up to $150,000 and loans of up to $2 million for the construction of public infrastructure to support business expansion.
Reduced B&O Rate for Aerospace Business: Offers a reduction in B&O tax liability for manufacturers and processors for hire in the aerospace sector.
B&O Tax Credit for Washington Customized Training Program: Offers a tax credit of up to 50% of the full cost of a training program, with up to $500,000 in training allowances per year.
The Washington State Department of Commerce recently expanded its Community Engagement and Outreach team to promote equity and opportunity for rural and underserved communities, small businesses and organizations.
Eight Fortune 500 companies headquartered in state: