Source: City of Seattle Department of Finance and Administrative Services (March 2012)
In 2011, businesses generated $53.8 billion in taxable revenues. Citywide taxable business income increased by 2.9% between 2010 and 2011 (Ex. 1-1).
Seattle-based businesses generated $53.8 billion in taxable income in 2011, 82% of all business income reported in Seattle. Businesses based outside of Seattle reported $10.6 billion in income earned from activity and transactions within Seattle. Out-of-town businesses account for approximately 20% of revenues reported in the City.
Total business income generated by tax-paying businesses increased by 3.3% in the same period. Sectors with projected 2011 revenue growth include all sectors except FIRE (finance, insurance and real estate).
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