Five years in, new analysis ties Seattle’s ‘JumpStart’ tax to downtown decline

Amazon’s headquarters and neighboring towers in downtown Seattle. (GeekWire Photo / Kurt Schlosser) A new Downtown Seattle Association report asserts that Seattle’s signature tax on big employers is backfiring, five years after it went into effect, holding up nearby Bellevue as an example of the jobs and prosperity the city has missed out on in the process. The report, released Monday afternoon , finds that downtown Seattle has lost about 30,000 jobs since 2020 and that the taxable value of its