The Evergreen State is one of the hottest states for attracting new businesses thanks to tax-breaks and a skilled talent pool.
Washington is one of the hottest states in the country at attracting new residents and businesses, and there are several reasons for that. It has a high quality of life, a thriving business economy, and the fourth highest percentage of available employees in the country. The Evergreen state consistently ranks among the top twenty best states to start a business or franchise in as well, due partly to their lack of a personal income tax. Small businesses also see a tax-free break on their first $43,000 revenue. Have no doubts, Washington loves small businesses too. They have over 600,000 small businesses in the state that employ 1.4 million workers. This represents over ninety-nine percent of all Washington-based businesses, which helps them boast the twelfth largest economy in the country. For entrepreneurs looking for financial help, there are several accelerators and development centers available to help provide it and experienced mentorship. People who live in Washington love shopping local and supporting local businesses which help them succeed. Another perk of opening a business in Washington is the skilled talent pool. The workforce is filled with brilliant, skilled people businesses can draw from, which is always key in launching a new venture. The benefits of raising a family in Washington are plentiful as well, of which the beautiful environment featuring mountains, forests and the gorgeous Pacific Ocean plays a large part.