Business

Forbes says Washington No. 10 in business

We’re No. 10! (On the recently released Forbes Magazine “Best States for Business” list.)

In its annual look at the business climate state-by-state, Forbes placed Washington between South Dakota and Georgia. Utah took top honors, followed by North Carolina, Nebraska, North Dakota and Colorado in the top five.

With a gross state product of $427 billion, Washington is “a cradle for innovation,” Forbes stated.

In a capsule summary, the magazine said the Evergreen State “is the birthplace for a spectrum of iconic companies, including Microsoft, Amazon.com, Nordstrom, Starbucks, Boeing and Costco. Venture capitalists are always searching for the next great Washington company, pouring $2.9 billion of VC money — fifth most in the U.S. — into the state between 2012 and 2014. Though Washington does not collect personal or corporate income taxes, the business and occupation tax (B&O) affects most businesses.”

C.R. Roberts: 253-597-8535

c.r.roberts@thenewstribune.com

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