Amazon, one of Seattle’s leaders in economic drive, is not just to creating jobs in their own sector but has created over 28,000 additional non-Amazon jobs in Washington state alone. Since the company moved to the South Lake Union neighborhood eight years ago, it has transformed to the community resulting in a $5 billion windfall for the region in 2014 alone. Jeff Wilkey, Amazon senior vice president of consumer business states that “employees and those employed as a result of the company’s urban location contributed over $400 million in tax revenue to Washington state.” [Source]
This is an interesting realization even though Amazon has been criticized for not being as involved in the local community as similar companies in Washington and Seattle. However, Amazon has recently tried to make itself more visible to the community over the last six months. Amazons global real estate chief John Schoettler recently became the cochairman of the Seattle Metropolitan Chamber of Commerce. This is the type of non-Amazon job growth taking Seattle by storm.
Boeing and Amazon has accounted directly and indirectly for more than 40% of the jobs created in the Puget Sound region for the last five years according to the city of Seattle.
South Lake Union continues to be transformed as the northeast corner of Boren Avenue and Thomas Street has expanded the nearly 400,000 square-foot South Tower of the Troy block complex as an ongoing campus expansion from their existing building at 333 Bourne Ave. In addition to these expansion, Amazon expects its employees to venture outside the building and patronize local establishments for lunch, which has resulted in new restaurants and significant growth in this neighborhood.
For more information on the South Lake Union neighborhood, job growth and Seattle companies in general, feel free to browse the website or contact Mary Pong with Better Properties Seattle for homes and real estate in the Seattle area.