Tacoma is the home of several international companies, such as Labor Ready, Inc. and the Russell Investment Group.
U.S. Oil and Refining operates an oil refinery on the tideflats in the Port of Tacoma. Built in Tacoma in 1952, it currently refines 39,000 barrels of petroleum per day.
The Tacoma Mall is the largest shopping center in Tacoma. It is owned by Simon Property Group. Anchor tenants include JC Penney, Sears, Macy's, and Nordstrom.
Today Commencement Bay serves the Port of Tacoma, a major player in international trade on the Pacific Coast.
Recently the city has been undergoing a Renaissance of sorts; investing great sums of money in the downtown core to establish the University of Washington, Tacoma; Tacoma Link, the first modern electric light rail service in the state; various art and history museums; and a restored inlet, the Thea Foss Waterway.
The median income for a household in the city was $37,879, and the median income for a family was $45,567
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