What do we know about the Washington state technology industry? At least that the state of Washington is not always considered in the same league as California’s. However, a 2017 analysis suggests that Washington is actually punching well above its weight.
As a separate example, we can consider craftsmen (designers, artisans, etc.). At the moment, many of them are experiencing serious financial difficulties. This type of workers is faced with the fact that the income from their business can’t feed their families. As one of the ways out of this situation can be considered online payday loans in Washington State. Plus payday loans that all information about companies is in the network (it allows you to compare the conditions of different companies and make a better decision) all quickly and clear. However, this is just a way out of their critical situation. States need to start supporting small startup, which in the future should bring good profits.
In its report WalletHub has compared all 50 states and the district of Columbia for 27 indicators of economic health and opportunities. The study came this week when Visual Capitalist, a digital media brand, collected data in an infographic below.
Washington ranked first in such factors as strong growth in gross domestic product, the percentage of high-tech jobs and exports per capita.
The Silicon Valley boom helped California to take second place. However, high housing costs in the state (92.7% higher than the national average) weighed it down in the economic health ranking.
According to the report, it can be concluded that Washington state has relatively low investment per capita. And Washington’s first place is particularly noteworthy. Investments in this state per capita is $154 (while California is $800 and New York $378). The lack of venture capital in Washington is often cited as the reason that the state has no more startup activity.
The top three States — Washington, California, and Utah — all have a relatively similar tax burden, according to the report.