(The Center Square) – A new report from the Seattle Metropolitan Chamber of Commerce finds that the aerospace industry is a key driver of economic growth in Washington state.
The aerospace industry generated more than $71 billion in business revenues and $19.4 billion in labor income last year, according to the report.
The report also found that the aerospace sector directly generated more than $580 million in tax revenues for the state, including $173 million in business and occupation taxes.
In King County alone, retail sales spending by aerospace workers generated just under an estimated $270 million for the local economy.
“With 77,400 aerospace employees in the state, over 66,000 at Boeing, aerospace generates more th …