In 1979, Microsoft made the Puget Sound region our home when the company’s first 30 employees moved into an office building next to The Burgermaster in Bellevue. Over the decades, we’ve grown from a small start-up to become one of the world’s leading technology companies. And along the way, the entire region’s economy has diversified and expanded, bringing new jobs, people and prosperity. It’s an amazing place to call home and it’s a community that has always helped nurture Microsoft’s success.
But the Puget Sound area’s growth has also created new challenges. In recent years, our region hasn’t built enough housing for the people who live here. Since 2011, jobs in the region have grown 21 percent, while growth in housing construction has lagged at 13 percent. This gap in available housing has caused housing prices to surge 96 percent in the past eight years, making the Greater Seattle area the sixth most expensive region in the United States. Read more about this initiative on Microsoft on the Issues.