Puget Sound Business Journal: Charitable giving by state’s major corporations tops $158 million in cash; great corporate citizens

There are a lot of reasons to be thankful for having corporate headquarters and major industries located in your state. We usually think about job opportunities and capital investment. Charitable giving should also be on the list.

The Puget Sound Business Journal has released its Top 25 Corporate Philanthropists List

Microsoft Corp., The Boeing Co. and Starbucks Corp. topped this year’s Top 25 Corporate Philanthropists List.

The 25 companies ranked in the large category – those with revenues exceeding $500 million – gave more than $158 million in cash in Washington last year.

Read the story to learn more about who gave how much. And for insight into why and how corporations make their charitable decisions. For example,

“It’s important for us to make sure that there is access to technology and access to technology skills for the people who need them most,” said Mary Snapp, Microsoft corporate vice president and head of Microsoft Philanthropies…

Corporate citizenship is a value for many of our state’s businesses, large and small. So it’s great also to hear good news about their plans to stay and expand here. Which brings us to a couple more PSBJ stories related to Boeing’s plans in the state.

The Business Journal writes,  

Vietnam’s VietJet signed a deal to buy 100 of Boeing Co.’s 737 MAX 200 airplanes in the largest single commercial plane purchase in that nation’s history. The deal was inked during the first day of President Barack Obama‘s visit to Vietnam.

Boeing Co. said Monday that low-cost airline VietJet Joint Stock Co. finalized a deal to buy 100 of 737 MAX 200 airplanes, valued at about $11.3 billion.

Those orders bolster the state economy. The PSBJ also reports on another major Boeing commitment here.

Everett and Boeing (NYSE: BA) celebrated what both hope will be years of future work Friday, with the opening of Boeing $1 billion 777X Composite Wing Center…

In an interview before the ceremony, Boeing Commercial Airplanes CEO Ray Conner said construction of the 1.3 million-square-foot wing center proves the company is here to stay.

“This is a huge statement of our commitment to be here for a long time,” he said.

 That’s good news, underscoring the positive return the state receives from the sensible investment in aerospace tax incentives