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A Dynamic Business Profile
As the metropolitan hub of the Eastside, Bellevue is a major player in the global marketplace. With a diverse and dynamic mix of successful and entrepreneurial businesses, Bellevue is leading the way in commerce and industry. Many companies choose our city as their corporate or regional headquarters and over the past three decades, employment growth has transformed Bellevue from a suburban residential center to a thriving economic engine and job importer.
- Bellevue is a proven business hub with over 145 headquartered companies
- Many of the state's largest and fastest growing companies list Bellevue as their base of operation
- CEOs are connected and network with each other to ensure business success
- CEOs live in the community and invest in the civic, cultural, and political infrastructure enhancing Bellevue's quality of life
Professional services, including the "FIRES" category (Finance, Insurance, Real Estate, and Professionals Services) are Bellevue's richest market niche. Other key industries include high-tech, retail, and "WTCU" (Wholesale, Trade, Communications and Utilities).
- Over 50% of Bellevue's 125,000 jobs are in the "FIRES" category
- Bellevue and the Eastside have the highest percentage of high-tech jobs in King county.
(Bellevue alone has 18.5% of high-tech jobs in King County / Eastside has 63% of high-tech jobs in King County)
Bellevue's Corporate Citizens (PDF)
Incentives and Your Cost of Doing Business
Bellevue is the best and most cost efficient location to conduct business. The cost for core services is spread across a large base of residents and employers and the city is proactively committed to planning for future growth and infrastructure needs. Policy makers understand the value of business and municipal funding sources are friendly to business.
- Diversity base allows Bellevue businesses to be more efficient, competitive & profitable
- The only city in the region that has not increased property tax rates in the last seven years
- No employee (head tax)
- No annual business license renewal fees
- Bellevue has one of the lowest municipal assessed valuation in the region
- Budgets and new investments are not balanced on the backs of business
- Bellevue's property tax rate has declined by 32% over the past eight years
- Nine of Washington's largest cities impose a business & occupation (B&O) tax based on gross receipts. Bellevue's gross receipts B&O tax rate is average among those cities
- The 2005 levy marked the 10th time in the past 11 years where no property tax rate increase was adopted.
Bellevue's Competitive Tax Advantage (PDF)
An Expanding Economy
The City and its leaders are committed to dedicating resources and staff to deliver major new office construction projects on time. As the economy continues its forward momentum, tremendous growth is occurring in Bellevue and companies are choosing to relocate to the Eastside's urban center. Bellevue also has a number of exciting new investments in progress that are attractive reasons to move to our community.
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“Aside from the obvious social, cultural and recreational advantages of being located in the Central Puget Sound, my company has found significant economic benefit, as well, from having it's base in Bellevue. I can say without hesitation that we have no regrets whatsoever about our decision to remain a Bellevue-based company."
Steve Reynolds,
President & COO
Puget Sound Energy
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