Pacific Northwest - Economy

Economy

  • Agriculture (fruit, potatoes, Tillamook cheese, dairy, wine, vegetables, wheat, Cascade hops, barley, hazelnuts)
  • Aerospace (Boeing Commercial Airplane unit, Air Canada, Alaska Air, CHC Helicopter, Esterline)
  • Diversified (Jim Pattison Group, Finning, Washington Marine Group)
  • Entertainment industry (film and television, Lions Gate Entertainment, Lionsgate Studios, Lionsgate Television, Vancouver Film Studios, Bridge Studios)
  • Finance and Banking (RBC, HSBC Bank Canada, Russell Investments, Umpqua Holdings Corporation)
  • Forestry (Weyerhaeuser, Canfor, Tolko, Boise Cascade, Humboldt and Mendocino Redwood Companies, Green Diamond Resource Company)
  • Fishing and canning (salmon, halibut, herring, geoducks and other clams, crab, sea-urchin)
  • High Technology and E-commerce (Microsoft, Microsoft Canada, Intel, F5 Networks, Nintendo of America, Nintendo of Canada, Tektronix, Amazon.com, Expedia, Ballard Power Systems, MacDonald Dettwiler, EA Canada, Cymax Stores, Micron Technology)
  • Hydroelectric power (Grand Coulee Dam, Bonneville Dam, Bridge River Power Project)
  • Mass Retail (London Drugs, Costco, Blenz, Starbucks, Tullys, Nordstrom, Zumiez, Albertsons)
  • Microbrewing (BridgePort, Deschutes, Lost Coast Brewery, MacTarnahan's, Nelson, Ninkasi, Pyramid, Widmer Brothers, Yukon)
  • Mining (Goldcorp, Cominco)
  • Outdoor Tourism (Alpine Skiing, Snowboarding, Hiking, Kayaking, Rafting, Fishing, Mountain Biking, Water sports)
  • Shoes & Apparel (Nike, Adidas North America, Columbia, R.E.I., Lululemon)
  • Real estate marketing & realty development/construction.

Aluminum smelting was once an important part of the region's economy due to the abundance of once-cheap hydroelectric power. Hydroelectric power generated by the hydroelectric dams on the Columbia River powered at least ten aluminum smelters during the mid-20th century. By the end of World War II these smelters were producing over a third of the United States' aluminum. Production rose during the 1950s and 1960s, then declined. By the first decade of the 21st century the aluminum industry in the Pacific Northwest was essentially defunct. The Alcan smelter at Kitimat continues in operation and is fed by the diversion of the Nechako River (a tributary of the Fraser) to a powerhouse on the coast at Kemano, near Kitimat.

The region as a whole, but especially several specific areas are concentrated high-tech areas: Seattle eastern suburbs, the Portland Silicon Forest area, and Vancouver, BC. These areas are also leading "creative class" economic drivers, feeding thriving cultural sectors, and include many knowledge workers and numerous international advertising, media and design firms present.

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Famous quotes containing the word economy:

    Everyone is always in favour of general economy and particular expenditure.
    Anthony, Sir Eden (1897–1977)

    Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.
    Henry David Thoreau (1817–1862)

    Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.
    Alexander Herzen (1812–1870)