Source: City of Seattle Department of Finance and Administrative Services (March 2012)
In 2012, businesses generated $58.3 billion in taxable revenues. Citywide taxable business income increased by 9% between 2011 and 2012 (Ex. 1-1).
Seattle businesses generated $46.1 billion in taxable income in 2012, 79% of all business income reported in Seattle. Businesses based outside of Seattle reported $12.2 billion in income earned from activity and transactions within Seattle, representing a 33.4% increase over 2011 (Ex. 1-2).
Sectors with the largest 2012 revenue growth were construction and resources (20.6%), retail (15.9%), and professional services (10.0%). Wholesale, transportation, and utilities (WTU) revenues declined 5.4% year-over-year in 2012 (Ex. 1-3).
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