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.

Read more about this topic:  Pacific Northwest

Famous quotes containing the word economy:

    I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.
    Calvin Coolidge (1872–1933)

    War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?”
    Doris Lessing (b. 1919)

    The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.
    Ralph Waldo Emerson (1803–1882)