Business Competitiveness Analysis
In 2021, the legislature commissioned a comprehensive business competitiveness and SWOT analysis of the state’s economy by the Legislative Committee on Economic Development and International Relations (LCEDIR) to be administered by the Office of the Lieutenant Governor. This effort was predicated on the underlying consensus of Washington economic future - strong, quality, and equitable growth. Growth that meets or exceeds national performance and growth that is not built on either low wage jobs or that could tarnish Washington’s high quality of life.
The following report reviews existing industry studies to establish a baseline understanding of the state’s economy, completes a SWOT analysis, and - through focus groups, public interest meetings, and more - creates a peer state evaluation metric that can be reutilized for years to come. The report also proposes 3 big ideas for legislators, community advocates, and more to take action on while providing context for how these issues impact the economic success of Washington state. For your convenience, variations of the business competitiveness report can be accessed below including:
Full Report (Executive Summary + Report + Appendices + Industry Cut Sheets)
Simplified Report (Executive Summary + Report)
Appendices
SWOT Industry Cut Sheets including:
Aerospace
Agriculture and Agribusiness
Climate and Energy
Forest Products
Information and Communication Technology
Life Science and Health
Maritime
Military, Defense, and National Security
Trade and Logistics
Manufacturing
Construction
Hospitality and Tourism
Financial Services
