Washington Business Summer 2018 | Washington Business | Page 31

washington business washington in six-plus-one parts The BCG-Roundtable report divided the state into “six parts based on human geography (connected regions where people live, work commute and trade).” The six — Olympic, Southwest, North I-5, Southwest, South Central, North Central and Eastern — show clear differences while sharing common characteristics. It’s appropriate to consider the regions as six separate econo- mies, said Sean Matthewson, principal with Boston Consulting Group in Seattle. “Obviously, the major differences are urban and rural,” Matthewson says, adding that thinking about the subareas “provides a nice way of understanding what policy levers you might be able to deploy to improve the economic outlook in a given region.” “The reality is that the solutions within each of these regions don’t fit into a nice neat statewide economic development box,” says Wash- ington Roundtable Vice President Neil Strege. While some issues transcend local areas — infrastructure and workforce development, for example — others are directly tied to local concerns. “The regional economies are different,” he says, “and their needs are different.” Washington Research Council (WRC) research director and economist Kriss Sjoblom believes that the regional variation within the state has increased over time. “The state is a collection of separate regional economies that have remarkably little linkage between them,” he says. “Probably less linkage today than they had 50 years ago, in part due to globalization. “As the regions tie into global markets, the local linkages are attenuated some.” Given its size and prosperity, King County gets singled out in this article for separate treatment as a seventh region. As Sjoblom says, “Statistics of the state are dominated by the largest economy in the state, the Seattle metro area.” Pulling it out allows a better understanding of how the North I-5 corridor looks exclusive of the outsized impact of King County. summer 2018 31