WTC 2010 annual report shows $37 million in direct impact

WTC 2010 Annual Report

Washington Technology Center’s annual report for 2010 serves as one measure of the State of Washington’s efforts in supporting technology-based economic development — a crucial activity during the state’s recovery from a historic period of economic difficulty.

By most measures, the companies supported by Washington Technology Center performed exceptionally well in the past year — creating 121 net direct new jobs, generating $167 million in new investment, and producing $98 million in revenue. In addition, clients attributed $37.6 million of the new investment directly due to having worked with WTC.

In fiscal year 2010 (July 2009-June 2010), WTC clients generated:

  • 121 net direct new jobs
  • 10 percent increased employment by client companies
  • $37.6 million in additional investment directly related to WTC projects
  • 15.8 ratio (to 1) of directly related capital raised by WTC clients to state support for WTC
  • $98.9 million in total revenue
  • $167 million in total new investment
  • $54 million in additional research funding to partner institution
  • 49 percent approval rate for research partners’ applications for grant funding

Download the full report.

Want to receive a printed copy of the 2010 Annual Report? Please send an email to info@watechcenter.org with the subject line “2010 Annual Report” and your full mailing information in the body of the email.

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