Seattle could lose $750M as Starbucks expands in Tennessee, adding 2,000 jobs

Seattle could lose hundreds of millions of dollars in tax revenue as Starbucks expands operations in Tennessee, local outlets estimate.

Fox 13 Seattle reported Tuesday that the Emerald City “could lose up to $750 million in tax revenue in the coming years as Starbucks expands in Tennessee instead of Washington.”

In a Press release On Tuesday, Starbucks announced that it will invest $100 billion and bring 2,000 new jobs to Nashville.

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“Starbucks has big plans for its new corporate location, where it will hire up to 2,000 people over the next few years to work in a variety of corporate-related roles,” the announcement said.

“The Nashville office will directly support the coffeehouse's continued growth and increased customer demand, particularly in the southeastern US, while collaborating with the company's global headquarters in Seattle.”

Tennessee Gov. Bill Lee welcomed the announcement on Tuesday, writing in a send to X“Great to welcome @Starbucks' continued investment in TN as it launches its new Southeast location in Music City.

“This historic $100 million global investment — a testament to our strong economy and unparalleled workforce — will create 2,000 new jobs for Tennesseans.”

Fox 13 Seattle called Lee's stance “a stark contrast to Seattle Mayor Katie Wilson's when she encouraged a crowd to boycott the company shortly after being elected mayor,” noting that Wilson's words were given to a crowd during a Starbucks union meeting in November.

“I don't buy Starbucks, and neither should you,” Wilson said.

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A closed Starbucks at 505 Union Station as protesters demonstrate near Seattle on July 16, 2022. (David Ryder/Bloomberg via Getty Images/Getty Images)

In a statement to Fox 13 Seattle, Wilson said, “Starbucks is a central part of Seattle's identity. We are proud to be home to its first store, its headquarters and the many employees who make the company what it is. We are focused on maintaining strong partnerships with leadership and employees, so Starbucks continues to succeed in the city where it all began.”

The Tax Foundation ranked Washington state sixth in the nation for doing business in the 2014 State Business Tax Climate Index.

In 2026, the Tax Foundation ranked the country 45th overall.

In March, Washington state Democrats passed a “million tax,” which Democratic Gov. Bob Ferguson signed on March 30.

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Starbucks employee Charlie Grandos leads a rally as part of collective action over the Pride decoration dispute outside the Starbucks Reserve Roastery in Seattle on June 23, 2023. (Reuters Photos/Matt Mills McKnight / Reuters)

The “millionaires tax” is the first federal income tax, supported by progressives and socialists and opposed by conservatives. I The Wall Street Journal editorial board he called it a “con” after its role that would “definitely capture the middle class.”

It will force a 9.9% of household income tax earns more than $1 million a year. The tax applies to any income earned after the first $1 million of an individual's annual income. It will go into effect on January 1, 2028, and the first payments will be made in April 2029, KOMO News reports.

Seattle area (Juan Mabromata/AFP via Getty Images/Getty Images)

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Fox News Digital reached out to Starbucks and Wilson for comment but did not immediately receive responses.