Foreign investment is humming right along nationwide. After a slight drop during the Great Recession, investments are strong once again, topping $373.4 billion nationwide. Washington State is focused on attracting quality investments that support our key sector strategy and which will contribute to prosperity and economic growth throughout the state. Part of the Office of Economic Development and Competitiveness, the FDI team markets the state to potential investors worldwide.
Success stories
- Silfab – The Canadian manufacturer opened its first solar panel assembly facility in Bellingham, Washington and a second one in Burlington, about 24 miles south. Companies like Silfab are helping the state reach its goal of 100% clean energy by 2045.
- ZeroAvia – A startup developing
hydrogen powered commercial jetliners, ZeroAvia will open a research facility in Everett, investing $5.5 million to lease and prepare their new site. - Jubilant-HollisterStier – The Indian life-sciences company broke ground on a $92 million expansion in Spokane in late 2021. The expanded office is expected to create 200 additional jobs at the pharmaceuticals firm and will boost Jubilant’s production capacity by 50%.
- StabiCraft – This New Zealand based firm builds rugged aluminum boats for fishing, diving, and recreation. In late 2021, StabiCraft leased a new manufacturing facility in Port Angeles, which will serve as their North American HQ.