Primary Businesses: Building Blocks of High-Wage Job Creation
Primary businesses export a product or service out of Tacoma-Pierce County and import new dollars into the local economy, thereby “growing the wealth pie.” That wealth energizes the local community through employee wages and purchases from suppliers who employ additional people.
Primary businesses typically pay higher wages than other businesses because higher-value goods and services are produced and sold. In short, primary businesses are the fundamental building blocks of high-wage job creation.
The competition is fierce. Every retention and expansion case for Tacoma-Pierce County is a potential recruitment case for another region. Tacoma-Pierce County faces regional, national and global competition to keep its existing firms, as well as recruit new firms to our market.