Business

Business news

Austin Jenkins / N3

Construction of Washington's new $300 million data center complex is expected to wrap-up this summer. But as state agencies prepare to move in, the rent per square foot is causing some sticker shock.

David Zalubowski / AP Photo

The merger of two of our region’s biggest telephone companies is generating relatively little static. CenturyLink appears likely to get regulatory clearance soon to take over Qwest Communications. But the merger comes with conditions.

Home sales bumped up in December, in King County.  Analysts disagree over whether it’s sign of an important trend or not.  The Seattle Times calls it the biggest month for home sales since a federal tax credit expired last summer. 

But the Seattle P-I quotes Glenn Crellin of Washington State University as saying the real estate market is likely to stay sluggish for several months or longer:

Tom Banse / N3

Montana Governor Brian Schweitzer is trying to clear the way for coal exports through the Pacific Northwest. He’s worried Washington state will block a proposed Columbia River shipping terminal for Montana and Wyoming coal. Schweitzer is making a hastily scheduled trip to southwest Washington Wednesday.

Shelby SuperCars

A company that designs super-fast cars is hoping to build a new factory in the state. Shelby SuperCars is eyeing a site in south-central Washington, in the city of West Richland.

Until recently, Shelby held the record for the making the fastest production car on earth: an average of about 256 miles per hour. Now the company working on their next generation speed demon. Shelby has applied for an $800,000 state loan to buy property and build a new manufacturing facility.

queen of subtle/via Flickr

As 2010 comes to an end, many people are looking at a pile of requests for year-end donations.  We know it's wise to set a budget for personal giving to worthy causes – but how much is the right amount? 

AP

Most of the Boeing Company is taking a break  for the holidays.  But, not crews involved in test flight activities for the 787 Dreamliner.  The new jet is resuming test flights after a six-week grounding because of an electrical fire.

NorthwestMilitary.com

When 17-thousand troops returned from deployments in Iraq and Afghanistan this past fall, Joint Base Lewis McChord became the 3rd largest employer in the state. 

That's according to the City of Lakewood, which has released a plan to accommodate the rapid population growth in the communities around the base. 

Boeing 777
Courtesy of Boeing

Boeing is still struggling to iron out kinks in the production of its new 787 Dreamliner.  The company is expected to announce the latest delay for that program this week. 

Meantime, it says demand is so great for its tried and true 777 that it will be increasing output of that jet.

Courtesy City of Seattle

A controversial proposal that would allow major employers in Seattle to put signs at the tops of their skyscrapers will be decided in March.  City Council President Richard Conlin says he delayed the vote to give the city time to respond to a number of concerns.

Russell Investments requested the change, to help them re-brand their tower, which is the former home of Washington Mutual Bank.  The company moved to their new 2nd Avenue address from Tacoma this fall.

© Edgar Turner

Three books by Pacific Northwest authors have come to my attention this season that would please airplane aficionados of many persuasions. 

Tom Banse / N3

Forget Wall Street. One way some well-off Northwesterners avoided steep losses in the stock market in recent years was by making unusual alternative investments: in small farms and food businesses. These “angel investors” are organizing loose networks to match their money with cash-hungry local producers. Think of it as slow-food meets slow money.

Washington's Employment Security Department is sending out 2011's tax-rate notices this week to more than 170,000 businesses.

The agency says next year's average rate will increase by nearly a full percentage point.  Most employers' rates are going up for the second year in a row.  It's the highest average rate in more than two decades. 

Photo by Huasheng Wang

China's aerospace sector is taking off.  Washington state has hundreds of suppliers - and many want in to that growing market.  The state's Department of Commerce is more than a year in to a new push to promote them.  

Tom Banse / N3

One of the catch phrases of the local food movement is “farm-to-table” -- eating food grown nearby. Now small forest owners want to join the local food party. And no, they’re not talking about feeding you sawdust. Instead, local forest products include edible mushrooms, berries, and a salad green called miner’s lettuce. 

Pages