June 10, 2019
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Boeing invested $14 billion in Washington state in 2018

The total impact of The Boeing Company in Washington is hard to measure, but numbers released from 2018 were able to quantify the company's direct financial investment: $14 billion.

Employees: The biggest single category of investment was in its employees. Boeing spent more than $8.5 billion on payroll for its workers in Washington. That includes wages and the 2018 bonus that employees received. The average wage in Washington state last year totaled more than $124,000. That is more than $60,000 higher than the average wage for Washington residents.

Washington suppliers: Boeing spent more than $5 billion on suppliers in Washington, buying components from 1,500 suppliers and vendors in nearly every corner of Washington state.

Charity: Employees of Boeing, retirees, and the company itself contributed more than $50 million to community organizations. Boeing focuses its own charitable investments in Washington on education, workforce development, veterans and the environment. However, Boeing also matches cash donations its employees make to nonprofits, and also matches the hours employees spend volunteering at local nonprofits. In 2018, employees volunteered 250,000 hours at Washington nonprofits, which resulted in more than $2.5 million in cash contributions to those organizations.

Capital investments: Boeing invested more than $600 million in new facilities and equipment, as well as upgrades. That includes factory work in Everett, Renton and other sites.

Employee education: The company's Learning Together Program provides tuition assistance for Boeing employees to attend college or university. The company invested $31 million last year in helping its employees pursue higher education.

Learn more about Boeing's investments in Washington.

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By Edmund O. Schweitzer III and Jay Timmons

Manufacturers are in the business of building solutions. When we see a need to be filled or a problem to be solved, manufacturers go to work innovating and making the products that improve our daily lives. But we don't stop there. When we see our nation facing a challenge, we don't just call on our legislators to fix it; we also provide solutions.

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Read the full op-ed in The Wenatchee World
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