Gov. Inslee approves Opportunity Zones in communities across Washington

Special designation provides federal tax incentives for development in low-income areas OLYMPIA, Wash. – Gov. Jay Inslee today approved 139 census tracts in 36 counties for “Opportunity Zone” status, enabling them to offer special federal tax breaks to encourage development and job creation. See a map and list of Washington’s newly designated Opportunity Zones. “Opportunity Zones have the potential to provide a much-needed boost to communities and target development projects,

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Governor’s Choose Washington NMA advisory council highlights statewide aerospace strength with visit to industry assets in Spokane

Over 120 companies in the Spokane area support industry employers across the world, including Boeing, making it America’s fifth largest aerospace cluster SPOKANE, Wash. – Gov. Jay Inslee’s Choose Washington NMA Council met in Spokane today, visiting the region’s aerospace assets that make the Inland Northwest the fifth largest aerospace cluster in the nation. “We are invested in maintaining the largest and finest aerospace workforce and production capabilities in the

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State Public Works Board approves first loans in five years for communities in need

$6 million in pre-construction loans awarded to 12 Washington communities OLYMPIA, Wash. – The Washington State Public Works Board approved 12 cities and counties for approximately $6 million in pre-construction loans for 2018. This is the first time in five years the board has had funding from the state Legislature to issue loans. The Board selected 12 out of 15 projects from applications requesting over $7.5 million. These projects will

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National study shows local gains, but still insufficient affordable housing construction

February 20, 2018

A 2017 study by the National Low Income Housing Coalition that looked at affordable housing in the 50 largest metro areas in the country showed Seattle has 29 units of affordable housing for every 100 households with extremely low income. While we are building more than other regions of the country, Puget Sound population growth still outpaces the rate of construction. Willingness to explore new housing ideas and build homes more quickly is

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State logs robust 4.3% GDP growth for the third quarter

Washington’s state GDP increased 4.3 percent in the third quarter of 2017, the most recent reported by the Bureau of Economic Analysis (BEA). That’s fourth best nationwide, behind only Delaware (5.7), Texas (5.0) and New Hampshire (4.4). Once again, the information sector far outpaced other sectors, contributing 1.29 of Washington’s percentage point change. Other strong sectors were retail trade at .61 percent and finance and insurance at .50 percent. Durable

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