With one vote, the United Kingdom opted to depart the European Union in 2018, saw its six-year prime minister announce his resignation and created enough uncertainty to send global markets into a freefall.
So where does Thursday’s Brexit decision leave businesses in the Washington region?
First, here’s the big picture: About 126,000 jobs in Greater Washington are directly tied to foreign-owned establishments — with England being the top employer, according to a study by the Brookings Institute for the Global Cities Initiative. England-based companies employ about 32,200 people in the area.
The Washington area’s proportion of jobs in foreign-owned businesses is about 5.4 percent of the overall workforce. That puts it in the middle of peer regions such as San Diego, where it’s at 4.8 percent, or San Francisco, with 5.5 percent.
Few can say definitively how the Brexit vote will change Washington business, but here are six ways in which the U.K.’s economy plays an integral role in Washington’s economy.
Click here to read the rest of the article over at Washington Business Journal
