ADVERTISEMENT
Advertise Here

Office Hours

Posts tagged: gavin cooley

Spokane’s retail picture is brighter, but not crazy good, at least not yet

What are the biggest areas of the Spokane economy in terms of retail spending?
Let's take a look, compliments of the city's chief financial officer, Gavin Cooley. Today's news story, about how much area cities and counties rebounded in retail sales last year, noted that Washington has a big net called “taxable retail sales” and a smaller part of that group, which is called retail trade.

Retail trade covers products sold like cars, stereos, computers, furniture. Taxable retail covers services and those products purchased by construction crews or manufacturers, who also pay a sales tax on those items.

Inside the city, this is the breakdown:

Construction taxes accounted for 11 percent of the city's retail taxes last year.

Retail trade accounted for 45 percent.  Services accounted for 29 percent. The remaining 15 percent is distributed among a number of small categories.

As a general rule in Washington state, the breakdown between taxable non-trade and trade retail is 55 to 45 percent.

Looking just at 2014's first two months, Spokane city retail shows the largest gain this year is in services, up 10 percent from Jan-Feb. 2013.

Retail trade is down 2 percent. Which makes me wonder if Spokane hosted some major spectator events or touring shows in January or February 2013.

 

 

 

 

 

Get blog updates by email

About this blog

The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.

Sign up for our business email newsletter
Latest comments »

Read all the posts from recent conversations on Office Hours.

Contributors

John Stucke John Stucke is a deputy city editor who helps build local news coverage and writes about health care, bankruptcy and rural affairs.

Recent work by John

Alison Boggs (@alisonboggs) Online Producer Alison Boggs posts and manages content on spokesman.com and its social networking accounts.

Recent work by Alison

Scott Maben Scott Maben is a Deputy City Editor who covers North Idaho news and higher education.

Addy Hatch is the city editor, and formerly was business editor.

Search this blog
Subscribe to this blog
ADVERTISEMENT
Advertise Here