Key Industries
From a rich maritime legacy to a burgeoning tech and startup community, Tacoma helps businesses from all backgrounds succeed.
Maritime
With more than 2,700 acres of Port property, Tacoma is home to the seventh largest container port in the U.S. The city’s 100+ year maritime history has helped it build strong trade partners across the globe, particularly in Pacific Rim markets, with which Tacoma trades about $46 billion in goods a year. Tacoma’s thriving maritime industry supports 29,000 jobs and is a major center for bulk, breakbulk, and automobiles cargoes.
Tech & Tech Startups
Ranked by Forbes as the best region in the country for tech jobs, the Seattle-Tacoma region has seen massive growth in tech and cyber security jobs over the last few years. The University of Washington Tacoma’s School of Engineering & Technology trains some of the best tech and computer science experts in the country, and hosts key networking events for big and small tech companies. Affordable office space, top talent, and a lively downtown community have attracted Silicon Valley tech companies, along with new and local tech startups. Tacoma’s retention rate for programmers and tech workers is also significantly higher than the rest of the country, allowing you to reduce employment costs and build a cohesive team. Learn more about Tacoma’s startup community.
Art
Arts, culture, creativity and innovation are key ingredients to Tacoma’s economy and vitality as a community and its residents agree. In 2018, Tacoma passed the state’s first cultural access program, Tacoma Creates, that infuses $5million/year into cultural organizations to support their sustainability and enable increased access to arts, heritage, culture and science opportunities for Tacoma residents and visitors. Tacoma’s world class museums and theaters, active arts community, and innovation by creative entrepreneurs make Tacoma a truly special place.
Healthcare
Tacoma is home to several major healthcare companies, including MultiCare Health Systems, Virginia Mason Franciscan Health and Kaiser Permanente. With a growing population, healthcare training programs, and nearby Madigan Army Medical Center, Tacoma’s healthcare industry is experiencing significant growth. The University of Washington Tacoma also offers degrees in biomedical science, healthcare leadership, and nursing.
Aerospace
Washington is the #1 state in the nation for aerospace production and the Seattle-Tacoma region is a hotbed for aerospace innovation. The region is home to major aerospace companies, such as Boeing, Toray Composites, AIM Aerospace, General Plastics, and Cadence Aerospace. There are more than 136,000 trained aerospace workers and 80 aerospace firms in Tacoma-Pierce County. Washington’s State government fully supports the aerospace industry through enticing incentives and technical assistance.
Banking and Insurance
Tacoma is home to major financial institutions such as Columbia Bank, KeyBank, JP Morgan Chase, BECU and Sound Credit Union. The University of Washington Tacoma’s KeyBank Professional Development Center offers world-class training on entrepreneurship and business, and develops top talent within the banking and insurance industry. UW Tacoma’s Milgard School of Business also offers programs in finance, international business and management, and accounting.
Construction
Construction is booming in Tacoma. In fact, Tacoma has one of the fastest growing construction industries in the country. In 2019-21, nearly 4,000 multi-family homes will break ground; likewise 2020 corporate and government expansion announcements including TOTE Maritime and General Services Administration headquarters plus many planned institutional expansions and maritime logistics centers continue to drive this key sector. New restaurants, breweries, and industrial expansions are also surging, providing significant opportunities for construction throughout the region.
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