State personal income growth leads the nation

Latest U.S. Bureau of Economic Analysis data for the third quarter of 2017 shows our state’s personal income growth led the nation, increasing by 1 percent. The country as a whole performed at 0.7 percent. Leading the way for Washington was our information and communication technology sector, accounting for one-third of the income growth due to vesting of employee stocks. Even as robust performance continues to buoy our state’s overall economy, we remain

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Commerce successfully attracts ‘Who’s Who’ of corporate location pros

Our business development team scored a big win in partnering with the Port of Seattle to co-host the Site Selectors Guild Annual Fall Forum. This group is the primary national association of corporate location consultants, and it was the first time one of their annual professional summits had taken place on the west coast. Other sponsors were Economic Development Council of Seattle-King County, Tri-Cities Development Council (TRIDEC), Economic Development Board

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Making sure children are safe from lead exposure

You may not know that Commerce manages the state’s Lead-Based Paint Program, ensuring that work performed on homes containing lead-based paint is completed safely. According to the Center for Disease Control, lead-based paint is the leading environmental hazard to children under the age of six — far more common than lead water pipes. Lead paint was commonly used in homes built before 1978. KOMO-TV in Seattle ran a great story

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Cultivating tech investment, new opportunities with Japan

Japan + Seattle A.I. Innovation Meetup 6.0 was an inbound trade mission connecting a dozen Japanese companies, including multinationals Mitsubishi Corporation, Fujitsu and Sojitz, with about 100 members of Washington’s tech startup community. The event is the sixth such business-to-business meetup since Commerce entered into a memorandum of cooperation with Japan and partnered with Tokyo-based Innovation Finders Capital and Orrick Herrington & Sutcliffe. Japan is keenly interested in artificial intelligence

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80,000 Washingtonians benefit from Housing Trust Fund investments

“Making sure every person has a suitable place to live is one of the most critical areas of focus at Commerce.” — Connie Robins, Commerce Deputy Director Hundreds of partners work with Commerce every year to support Washington State Housing Trust Fund and affordable housing projects, strengthening communities all across the state. At the recent Housing Washington Conference in Spokane, Commerce Deputy Director Connie Robins acknowledged the many contributions of

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Tech meets timber, bringing jobs to Spokane Valley

We congratulate and welcome Katerra to Spokane Valley, Washington! The innovative California-based company will open a 250,000-square-foot plant to make engineered wood products used in its own and potentially other residential developments, including the new Pine Valley Ranch and River House Senior Apartments in Spokane. Working closely with Gov. Inslee and our associate development organization partners at Greater Spokane, Inc., Commerce provided a $150,000 grant from the economic development strategic

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Washington is America’s #1 state for business

“With the nation’s fastest-growing economy and an all-star business roster of household names and up-and-comers, Washington — the Evergreen State — soars above the competition as America’s Top State for Business in 2017.” — Scott Cohn, CNBC Landing in the top spot may come as no surprise to those of who live, work and play in our beautiful state. We are fortunate to have a diversity of strong industry sectors

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Legislative Update

The recent legislative session was the longest ever, and for many, the most difficult in memory. Lawmakers failed to reach an agreement on a capital budget. This is unprecedented, and, depending on how long it takes to finally pass the budget, will have far-reaching and disruptive impacts on the lives of Washington residents, on our communities and businesses, and on Commerce. Most projects currently underway will continue, thanks to a

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Connecting employers with Washington’s hidden workforce

We all must work together to ensure that those re-entering the community after incarceration have opportunities for housing and employment and other connections to community. Commerce has been directly involved in re-entry in a number of ways this past year – and we will stay involved in years to come. It is critical that re-entry after jail or prison go smoothly. Successful re-entry improves public safety and reduces recidivism. Commerce

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Northrop Grumman: “one of our best small business events”

Nearly 130 small and diverse manufacturers and other businesses attended a one-day supplier summit with defense contractor Northrop Grumman on July 21 in Renton. Congressman Adam Smith delivered keynote remarks at the event organized by Commerce, Washington State Procurement Technical Assistance Center (PTAC), Pacific Northwest Aerospace Alliance, Pacific Northwest Defense Coalition, and the Washington Center for Women in Business. The event is a one-of-a-kind opportunity to showcase Washington innovation, manufacturing

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