Natural resources have traditionally been the base of Spokane's economy. Spokane is a major hub for the mining and timber industries. However, the city now also includes biotech and high-tech industries. The healthcare industry has a significant role in the economy and is increasing in economic importance to the city. Spokane is also a prominent center for the service sectors. In addition, the Fortune 1000 company Potlatch Corporation is headquartered in Spokane.
The top manufacturing industries are metal refinery and fabrication, finished wood products and food processing. Agriculture is also important to the region's economy. The region also has numerous wineries and breweries.
Economic development emphasizes aerospace, manufacturing, information technology, health sciences, digital media and clean technology.
All of the branches of the U.S. armed forces are represented in the region. The area's largest military facility is the Fairchild Air Force Base which employs a large number of civilians. The military facilities have a substantial economic impact on the region.
The top employer's in the Spokane area:
- Fairchild Air Force Base
- Sacred Heart Medical Center
- U.S. Federal Government
- Spokane School District 81
- State of Washington
- Signature Genomic Laboratories
- General Dynamics
The top nonagricultural employment sectors in Spokane, Washington:
- Transportation, trade and public utilities
- Professional and business services
- Leisure and hospitality
Details about Spokane, Washington: Estimated median household income in 2007: $39,000. The cost of living index in 2008: 85.0 (national average: 100). The adult population which has achieved a bachelor's degree or higher: 25%.
Local companies are invited to work with organizations including:
- Greater Spokane Incorporated
- Washington Economic Development Association
- Washington State Department of Community, Trade & Economic Development
- Washington Manufacturing Services
- Small Business Administration - Washington
The Spokane Journal of Business provides details about local business and industry activities.