The EDB’S Annual Report
Our annual report provides transparency and demonstrates the results of our work.
The EDB is in the job and wealth creation business. The more high-wage jobs and wealth-creating companies in Tacoma-Pierce County, the better the quality of life and the greater the job and career opportunities for our citizens.
Retaining and recruiting primary businesses is how we compete every day.
Primary businesses export a product or service out of Tacoma-Pierce County and import new dollars into the local economy, thereby “growing the wealth pie.” That wealth energizes the local community through employee wages and purchases from suppliers who employ
Primary businesses typically pay higher wages than other businesses because higher value goods and services are produced and sold. In short, primary businesses are the fundamental building blocks of high-wage job creation.
The competition is fierce. Every retention and expansion case for Tacoma-Pierce County is a potential recruitment case for another region. Tacoma-Pierce County faces regional, national and global competition to keep its existing firms, as well as recruit new firms to our market.
The Last Five Years: 2014–2018
Because most deals take well over a year to conclude, the EDB measures its results in five-year increments for the purpose of the Annual Report. The EDB’s $184:1 return on its investors’ dollars (ROI) from 2014–2018 is indicative of the strength of its recruitment and retention programs.
Trends in 2018
• Global Interest: The EDB fielded international interest from companies based in Canada, China, Turkey, Taiwan, Norway, Croatia, France, and Germany.
• Need for Speed: A driving factor in the site selection process was available inventory that allowed expedited access to the market.
• Workforce Pipeline: Companies focused on workforce availability and sought assurances of the future pipeline of talent. Pierce County’s strong ecosystem of training programs, internships, apprenticeships, certificate programs, and degrees provided assurance that the region can sustain future growth.
Download our Annual Reports
Prior annual reports may be available upon request.