This fact is a major reason behind the robust performance of the local economy over the past decade. Over 250 businesses have been started in the county each of the last five years in all economic sectors. These new firms join the existing 2,300 businesses in the county. The majority of these sales occurred in Port Townsend , the county seat. Construction continues to increase, stimulated by brisk population growth during the late 1980s.
Immigration continues at a steady rate.
Most growth in residential and commercial activity is located in the unincorporated portions of the county, especially Port Ludlow. Three commercial banks, three savings and loans, and two credit unions are located in the county, operating a total of ten branches. Two of the banks have their home offices in Jefferson County while the rest belong to larger regional banks. Economic development financing tools such as the loan programs of the Small Business Administration are available to new and existing businesses in the county through local banks. In addition, several revolving loan pools can be accessed.