Financial Services

Quick Stats

• There are 8,500 public and private financial services entities statewide that provide 131,800 direct jobs
• The financial services sector supported nearly 314,500 jobs in 2010 and generated $27 billion in revenues

Thanks to technology, more and more financial services companies are enjoying the freedom to base operations where it best suits their needs. And Seattle/King County is increasingly becoming a hub of major financial players who want their headquarters far from the negativity conjured up by Wall Street.

Ideal growing market.

As a center for innovative industries such as technology, aerospace, and life science, the Seattle area is home to thousands of startups and educated, up-and-coming professionals. In addition, the region offers one of the best lifestyles in the country, making it an attractive option for employees. So in addition to offering a broad base of potential customers, this region is great for attracting and keeping top talent.

Locals who shop local.

Seattle and King County residents are fiercely loyal to locally-based businesses large and small. The affinity for “homegrown” brands has contributed significantly to the meteoric growth of companies like Starbucks and Russell Investments. And with the Northwest’s more laid-back reputation across the country, financial services brands can finally use their location as a selling point instead of a drawback.

Financial Services Cluster Study - Commissioned by the EDC in 2011 to study the Financial Services Cluster in the state of Washington

WA State Financial Services Strategic Plan - Developed by the Washington State Financial Services Collaborative