How do 60,000 new employees affect Seattle?

On February 14th, at Downtown Seattle Association’s (DSA) State of Downtown event, several note-worthy stats were brought to light to paint a picture of Downtown Seattle’s story, since 2010. The driving factor behind the city’s transformation is the demand for more employees; it’s clear that housing is the “traffic jam.”

Reported statistics for Downtown Seattle

2010 – present:

  • 60,000 new jobs were added
  • Population has grown 22%
  • Taxable brick-and-mortar retail sales have increased 34%

2016

  • Downtown businesses contributed $3.2 Billion in local, state, and federal taxes

2017

  • From construction, 3.6 million square feet of space was added above street level
  • 5,725 residential units and 637 hotel rooms were added

Present – 2020

  • 3 million square feet of space will be completed
  • More than 8,700 residential units and 2,400 hotel rooms will be developed
  • Public projects, budgeted around $330 Million are planned or underway

The short version

The takeaway is more people are moving to Downtown Seattle than there are places for them to live. For the majority of Downtown Seattle, the only way to accommodate these new residents is to build upward. Two major concerns that the DSA discussed were homelessness and affordable housing, and traffic. They have not developed a solution, however, there is a 20-year plan called One Center City to develop a solution.

The event discussion was focused on Downtown Seattle (Downtown Seattle area defined by the DSA), but the findings reflect the story of all of Metro Seattle. Without an adequate supply of housing for the thousands of new employees hired per month, it’s not difficult to see how problems can arise. Downtown Seattle has its issues of traffic and congestion that other neighborhoods may not have, but the bottleneck in the story is the amount of available housing. Below is a snapshot of statistics for all of Metro Seattle, telling a similar story. The snapshot is taken from our 2017 Annual + Quarterly (Q4) Report.

What do you think?

Click to view the Puget Sound Business Journal article.

Posted on February 16, 2018 at 17:03
Brandon Sturgis | Category: 2017, Annual Report, OWN, Quarterly Report, Report | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

STEM: Inspiring Students to Create a Brighter Future

Washington State is a National Leader in STEM!

In 2013, the state of Washington passed a bill to significantly improve its STEM (Science, Technology, Engineering, and Mathematics) learning opportunities and educational outcomes for K-12 students. Simply put, Washington schools, government, and non-profit organizations have teamed together to create more ways to give our children opportunities to learn and apply STEM skills. Each year, more opportunities arise, more grant money is budgeted, our children get excited, and a brighter future is painted.

Why is STEM important?

So, you may think STEM education has been around since you were in school. Unless you participated in Science Fairs and went out of your way to expose yourself to STEM activities, you probably only scratched the surface of what is available to children today. Traditional education teaches about cool technology, math equations, and engineering marvels. STEM education goes a step further and puts the student in the driver’s seat and creates opportunities to put their education to work. Wouldn’t it be fun to learn how to build a robot? Code a program to control the robot? Or use the robot to gather samples of ecosystems in the Puget Sound? With real-world application, students are given the opportunity to get excited about possible career paths at an early age.

There are limitless benefits of STEM education, but here are a few to get you thinking: for years to come,

  • education standards and curriculum quality education will increase
  • high school graduation rates will increase
  • job satisfaction will increase
  • the global economy will increase, beginning in Seattle
  • there will be a greater number and quality inventions
  • the poverty level will decrease
  • the price of education will decrease

Washington STEM put together an amazing video outlining what STEM means and how students can thrive from STEM education.

[arve url=”https://www.youtube.com/watch?time_continue=27&v=DT5wR70lNDY” title=”Washington STEM – Inspire, Engage and Unleash Potential” description=”Washington STEM advances excellence, innovation, and equity in science, technology, engineering, and math (STEM) education for all Washington students. Our vision is to see all students succeed in thriving communities all within a vibrant Washington state.” upload_date=”Nov 29, 2016″ /]

STEM is Important for Seattle

Let’s be frank for a minute. Consider the industry that has moved into Seattle. No, we’re not talking about all of the construction. We’re talking about the tech industry that is creating all of the construction. Companies like Amazon, Google, Facebook, Microsoft, Expedia (and the list goes on) are continuing to grow and change the landscape of Metro Seattle – not to mention the other giant corporations like Boeing, Starbucks, Nordstrom, Nintendo, Weyerhauser, and Windermere. The employees that these global companies are looking for are (for all intense and purposes) STEM employees. That said, 30% of their tech-savvy and STEM employees are transplants (not from Seattle).

The more foreign employees these companies recruit, the more real estate construction and buildings will be built to accommodate them. Following all of these employees will be more consumer businesses, restaurants, traffic and more advancements in the city infrastructure, and ultimately a bigger Metropolitan area.

The changes in Seattle are happening and will continue for years to come. The key to growing with the city is to acclimate our children to the new and future economy. Resources are widely available and access is becoming easier.

How can my child get involved in STEM education?

There’s a good chance your student is already involved in STEM education at school. Beginning in preschool and Kindergarten, students in Seattle public and private schools are provided with workshops, classroom learning and out of classroom exposure to STEM education. Middle and high schools offer clubs and organizations to further their interests.

Check the Seattle Public Schools’ website to find out if your young student has access to STEM learning. See how your children’s school ranks for STEM, in the Seattle Area.

Extra-Curricular STEM Opportunities

Great resources put together by Washington STEM
20-plus STEM Summer Camps for Seattle-Area Kids by ParentMap
Marine-based STEM learning by Salish Sea Expeditions

Help us expand our list! Let us know which STEM Ed opportunity opened your student’s eyes.


STEM Success Stories

STEM grads step right into the future by The Seattle Times
A life-changing summer in Seattle for six STEM students by PATH – Stories of innovation and impact
Inside the pioneering Seattle area school that’s shaking up how STEM education is taught by GeekWire

Posted on September 18, 2017 at 15:05
Brandon Sturgis | Category: OWN | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,