Amidst regulation updates in California that could hurt their businesses, popular ridesharing apps Uber and Lyft are now feeling the pressure from Seattle, as Mayor Jenny Durkan announced that the city plans to implement minimum wage requirements and impose new taxes on the apps.
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According to a recent study by JLL, real estate investors are putting their money into cities with strong technological economies: GeekWire reports that the study “finds a correlation between the real estate investment dollars spent in a community and the strength of its innovation economy.”
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LinkedIn recently released their monthly Workforce Report, which outlines national and local employment trends using data obtained by LinkedIn users. Here I outline key trends from Seattle’s report. In November 2018, hiring was 1.2 percent higher than it was at this same time last year, though seasonal adjustments revealed numbers slightly (0.2 percent) lower in November than October.
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A flurry of news articles have come in the wake of the news that Amazon has officially selected two new HQ cities: one in Long Island City, New York, the other in Crystal City, Virginia. The question on many minds, is how the move will impact the new chosen cities and the company’s relationship to Seattle.
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As Puget Sound Business Journal reporter Marc Stiles recently tells readers, “if it looks like there are more construction cranes dotting the city of Seattle’s skyline, it’s because there are.” According to a report released in mid-July by Rider Levett Bucknall, “Seattle’s crane count increased from 45 to 65 from December through May,” which means “Seattle has more cranes than any other U.S. city for the third year in a row.”
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