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The New Events Continue

Posted By Samantha Bowers, Friday, February 27, 2015

Written by Casey Davis, Small Business Development Manager

 

Last week EASC kicked off our first Speaker Series event, with great success. We are looking forward to our next Speaker Series luncheon on March 12th with Dan Purdy from Western Washington University. Sign up now. 

 

Our second inaugural event is After 4 networking. This FREE event, running from 4:30 to 6:30, has been rescheduled to launch on March 25th. Diamond Knot Brewery is our host for this open networking event in the Mountlake Terrace area. Sign up now. 

 

Our third new event is for our newest investors - the EASC Introductory Seminar. Here, our new and renewing investors learn about what EASC does, how we partner with our investors to promote growth, and how to take advantage of the benefits of investment. It’s a great chance to meet some of the staff, learn our goals for 2015, and network! Sign up now. 

 

Our goal is to provide a variety of opportunities - from our signature events to our partner activities - that enable our investors to interact productively with each other and the community.

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Esterline Corporation Completes Acquisition

Posted By Samantha Bowers, Friday, February 27, 2015

Written by Matt Smith, Industry & Resource Development Director

Esterline Corporation has finalized the purchase of the aerospace and defense display businesses of Barco N.V. of Belgium for about US$175 million. The integration of Barco into Esterline’s business will expand their global display capability and better position the company across a wide range of growing end markets. EASC Investor, Esterline Control and Communication Systems, headquartered in Everett with 650 employees, will incorporate Barco’s touchscreen technology into their product lines. 

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U.S. Export-Import Bank Still Under Threat

Posted By Samantha Bowers, Thursday, February 26, 2015

Written by Glenn Coil - Senior Manager, Public Policy & Research

After a short reprieve last year, the U.S. Export-Import Bank is under renewed threat to being shut down. If Congress does not act by June 30, the sole U.S. export credit agency will cease functioning.

The Ex-Im Bank, as it’s commonly called, is utilized by many businesses in Snohomish County, including Boeing. The financing the bank provides for businesses looking to export their products creates many jobs in the region, particularly for small and medium-sized businesses that provide supplies and parts to larger companies. It is also an indispensable tool for the local economy; where 60% of the jobs in Snohomish county are tied to international trade and exports.  

In a recent Forbes Magazine article, “Ex-Im Bank Death Would Devastate Thousands Of Small Businesses” Loren Thompson provided a detailed picture of the effect closing down the Ex-Im Bank would have on small businesses.  

For further information on how to support this self-sustaining, essential agency, which provides a profit to U.S. taxpayers, please contact Glenn Coil at glennc@economicalliancesc.org.

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Snohomish Co. Legislator’s Reception a Huge Success

Posted By Samantha Bowers, Friday, February 20, 2015

Written by Glenn B. Coil - Senior Manager, Public Policy & Research

Olympia – On Thursday, EASC welcomed members of the Snohomish County legislative caucus and other state leaders and thanked them for their efforts in advancing legislation that benefits the county and region in areas of transportation, education and competitiveness.

Over 75 people were on hand, including business leaders, local officials, higher education representatives, members from Washington STEM, and the newly formed Snohomish STEM education network (which seeks to increase skills and career opportunities in science, technology, engineering and math fields).

The event was predominantly discussions of the Senate transportation package proposal, which included $570 million in road and transit projects for the county. The current proposal contains many of the region’s transportation priorities and the crowd noted both gratitude for efforts to date, and a request that follow-up conversations include the addition of other strategic projects that are vital to the state economy, including SR 531 in Arlington, and the U.S. 2 trestle, which was recently cited by PSRC as the worst chokepoint in Snohomish County. Congestion on I-5 in Snohomish County has increased 84% in the last 4 years.

Troy McClelland, EASC President and CEO, noted that Snohomish County’s population has grown 25% from 2003-13, the fastest in the region, and the county has the second largest economy in the State. Investments in the county are not only vital for the region, but for the state as a whole.

For more information contact Glenn Coil at GlennC@economicalliancesc.org.

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Efforts Underway to Reinstate R&D Tax Credits

Posted By Samantha Bowers, Friday, February 20, 2015

Written by Matt Smith, Industry & Resource Development Director

Washington State offered Business & Occupation and Sales Tax incentives to encourage research and pilot-scale manufacturing activity in our state. This is a common practice in other states and is a valuable tool to encourage technology development and commercialization. After 20 years, these two incentive programs expired in 2014. House Bill 1769 has been introduced in the 2015 Legislature to reinstate these tools. Data from the Washington State Department of Commerce indicates that state’s with two or more tax incentives supporting bioscience produced considerably more job growth in the biosciences than states with one or less incentives. To keep us competitive, please contact your legislator to communicate your support. Senator Marko Liias of our 21st Legislative District is a co-sponsor of companion bill SB 5665.

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Snohomish County’s Economic Diversity Ensures our Future

Posted By Samantha Bowers, Tuesday, February 17, 2015

Written by Troy McClelland, President & CEO

The Puget Sound region is recognized as the aerospace capital of North America because of final assembly, our supply chain, and the educational programs that support the industry. Aerospace is the foundation that keeps our county economically and technologically strong. To maintain that strength over the long-term, we must build upon the diversity of our business and industrial enterprises, the varied job skills of our workers, and the creativity of our entrepreneurs.

That is why Economic Alliance Snohomish County (EASC) continually works to help all sectors of our economy develop and grow.

Many significant high-tech developments in Snohomish County offer a sampling of just how diverse our economy really is; an advantage not all regions in the Pacific Northwest, or even across the country, have been able to develop.


In the Technology Corridor, which stretches from Bothell to Everett, you‘ll find Philips Healthcare and their international ultrasound headquarters. Their 2,000 employees design and manufacture medical ultrasound equipment found in hospitals around the world.

Arlington and Marysville have plans to develop a manufacturing industrial center that includes aviation businesses, tooling companies, and innovative, fast growing manufacturing businesses such as MicroGREEN Polymers. This successful start-up business, based on technology developed at the University of Washington, is expanding to increase production of beverage cups made from recycled plastic pop bottles. If you have recently had a cup of coffee on Alaska Airlines, you used their product.


In Bothell, CMC Biologics offers product development and contract manufacturing services to biopharmaceutical companies that want to outsource production. To meet the needs of growing global markets, they established a presence in the U.S. market by acquiring the former ICOS Corp. facility. CMC has a sister facility in Copenhagen and has combined employment of 400.

At Paine Field, Boeing’s 40,000 workers assemble the 747, 777 and 787 aircraft, plus the new KC-46A refueling tanker. Boeing draws regional, national, and global suppliers and subcontractors to the county. The new 777X program will attract additional suppliers and education programs in response to the composite and robotics technologies involved.


These are just a few examples of the types of innovative, quality industrial technology firms operating in Snohomish County. They reflect the county’s expanding employment base, which is creating the necessary diversity of industries to maintain our manufacturing prowess.

Overall, EASC works with business leaders, public organizations, and business associations locally, in Olympia, Washington, D.C., and internationally, to preserve and grow the diversity of our local economy. Speaking with a unified voice, EASC represents the economic interests of Snohomish County, builds relationships with business leaders and develops an annual legislative agenda that aligns and champions Snohomish County business interests.

We are always an advocate to enhance our already robust business climate - promoting initiatives that nurture and support emerging business sectors, advocating for roads, transit, rail, ports, utilities, and telecommunication needs. Our county’s economic diversity falls within EASC’s strategic goals to attract new investment and respond to employer needs. Also, given its importance, our Board of Trustees made several specific action items under the objective ‘Foster Industry Diversity’. With the right focus, and by working together, we can grow all sectors of our economy. 

________________

Troy McClelland is the President & CEO of Economic Alliance Snohomish County. Questions to info@economicalliancesc.org.

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2015 Ambassador Committee Board Elected

Posted By Samantha Bowers, Friday, February 06, 2015

Written by Casey Davis - Small Business Development Manager


Today, our EASC Ambassadors Committee met and the new 2015 board was announced. EASC would like to thank and congratulate the follow members who will lead the ambassadors for the next year:

  • Chair - Becky Mulhollen, Wallick and Volk, Inc.
  • Scribe - Bill Buckman, The Buckman Consulting Group, Inc.
  • Volunteer Coordinator - Tracy Chambers, Perteet Engineering
  • Treasurer - Jennifer Lundberg, Hascal, Sjoholm & Company, PLLC
  • Recruitment - Rhonda Bradley, Opus Bank
  • Past Chair - Thad Hoover, Windermere Real Estate

In addition we would like to thank, John Carsten, Cindy Rattray, Peg Crawford for their service over the last year!


About our Ambassadors Committee:

Economic Alliance Snohomish County Ambassadors are a voluntary yet select group. Ambassadors benefit from increased visibility as active EASC investors. The opportunity to establish business relationships with a wide variety of individuals helps everyone grow their businesses. Ambassadors take an interactive role at events and are an integral part of the EASC overall retention program. If you would like to learn more, contact Casey Davis at CaseyD@economicalliancesc.org.

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Snohomish County employment at all-time high – 275,000

Posted By Samantha Bowers, Friday, February 06, 2015

Written by Glenn B. Coil - Senior Manager, Public Policy & Research

WA Employment Security Department reported that the County’s local employment in December 2014 was 275,000, an all-time high. Previously employment peaked in 2008 before the recession at 266,000 jobs. The county unemployment rate also dropped to an eight year low to 4.5%. This reflects the regional employment picture, where the Seattle-Bellevue-Everett metro division reported an unemployment rate of 4.2% in December. The statewide rate was 6.2%.

Nationally, economic news has been positive. The BLS and the Labor Department reported that 2014 was the best year for job gains since 1999. The economy overall added about 260,000 per month throughout the year. This year has also started out well. Employers added 257,000 jobs in January 2015 and average hourly earnings grew by 0.5%, the biggest monthly gain in six years.

For more information, contact Glenn Coil at GlennC@economicalliancesc.org

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EASC Testifies in Support of Sound Transit III to Everett

Posted By Samantha Bowers, Friday, January 30, 2015
Written by Glenn Coil, Senior Manager, Public Policy & Research

EASC testified on Wednesday before the Washington House Transportation Committee in support of House Bill 1180. This bill would give Sound Transit, with approval by local voters, revenue tools to finance construction of the light rail spine to Everett, and support the manufacturing employment center near Paine Field and the future Washington State University campus in Everett.

 

Staff noted that this is not an issue just for commuters. Businesses, including manufacturers, are experiencing major delays in moving parts and products to other suppliers and customers and the lack of effective multi-modal transportation options is becoming a driving factor for businesses looking to expand or locate to the region. For questions contact Glenn Coil, GlennC@economicalliancesc.org.

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The City of Arlington Secures CERB Funding

Posted By Samantha Bowers, Friday, January 30, 2015

Written by Matt Smith, Industry & Resource Development Director

The Community Economic Revitalization Board (CERB) provides state grants and loans to fund local infrastructure projects. A $50,000 grant has been awarded  to Arlington for a feasibility study to develop the Arlington Valley Road plan and design. This road, when complete, will provide alternate access for the manufacturing cluster located south of downtown. Major employers located in the area include Aerospace Manufacturing Technologies (AMT), MicroGREEN Polymers, B&B Fabricators, and Hampton Lumber. There is an additional 80 acres of undeveloped land that will be served by the new road. EASC helped Arlington secure $1.0 million in CERB funds in 2012 for stormwater improvements to this same area. Congratulations to Arlington!

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