Seawall plan pivots Seattle toward mid-sized firms and diversification
Seattle Mayor Katie Wilson unveils the 'Seawall' plan to reduce reliance on a few corporate giants by revamping city permitting, opening public assets to support local business growth, and forming a Resilient Seattle Economy Task Force to bolster mid-sized firms and new industries, following a Business Climate Assessment that shows large firms drove the majority of job growth while mid-sized firms lag and households face rising costs; the initiative also aims to streamline approvals and create a Seattle Strategic Initiatives Fund to back major economic projects and diversify Seattle’s economy.
