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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Wenatchee awarded nearly $1 million in state funding for McKittrick Street extension project

Community Economic Revitalization Board grant and loan will support $2.4 million private partner investment, create estimated 90 jobs. OLYMPIA, WA – The Washington State Community Economic Revitalization Board (CERB) today approved $973,185 in public infrastructure development funding targeting business growth and job creation in the Wenatchee, Chelan County. A $859,409 loan and a $113,776 grant to the city of Wenatchee is for the McKittrick Street Extension Project, State funding is

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Washington state delegation exhibits at MEDICA in Dusseldorf, Germany this week

Commerce hosts eight companies at world’s largest medical industry trade show Nov. 13-17 OLYMPIA, Wash. – The Washington State Department of Commerce kicked off several days of business-to-business meetings and marketing activities today to showcase the state’s life sciences industry at MEDICA, the world’s largest trade show for the medical technology sector. Germany is Europe’s largest medical device market and the world’s third largest medical market, with an annual market

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Washington State delegation seeks new business at Dubai Airshow

United Arab Emirates one of world’s largest markets for civil and military aircraft OLYMPIA, WA – A 12-member delegation recruited and led by the Washington State Department of Commerce heads to Dubai, United Arab Emirates this weekend, for what has become one of the largest international airshows. Representatives of nine companies will exhibit at the Choose Washington display in the USA Pavilion, and Commerce is representing two additional companies, the

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U.S. Department of Commerce Invests $500K in Washington state maritime sector innovation

“Washington Maritime Blue 2050” project aims to lead the nation in sustainable ocean industry technology and practices, earns regional innovation strategy grant OLYMPIA, WA – The Washington State Department of Commerce was awarded a $500,000 grant through the U.S. Economic Development Administration’s (EDA) Regional Innovation Strategies (RIS) program to support Washington Maritime Blue 2050, a statewide vision for creating and expanding the nation’s most sustainable ocean industry and technology cluster.

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State board approves $100K to study Arlington Marysville Manufacturing Center

Community Economic Revitalization Board awards grants for feasibility studies in Snohomish County OLYMPIA, WA – The Community Economic Revitalization Board (CERB) today announced $100,000 toward public infrastructure development and new economic feasibility studies on the Arlington Marysville Manufacturing Industrial Center near Smokey Point in Snohomish County. The center spans over 4,000 acres including land within the boundaries of both Arlington and Marysville, with close access to Paine Field and Interstate

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Washington state receives $900K SBA grant to boost small business exports

More than $512 million in sales attributed to State Trade Expansion Program (STEP) since inception OLYMPIA, WA – The U.S. Small Business Administration (SBA) has awarded the Washington State Department of Commerce a sixth year of funding to help state small businesses grow through exporting. The $900,000 grant, part of the SBA’s State Trade Expansion Program (STEP), is the highest and maximum amount awarded from a total $18 million nationwide.

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Commerce awards $2.3 million for clean energy research and development

Impact Bioenergy, Janicki Bioenergy, Oscilla Power, SuperCritical Technologies and Zunum Aero selected for latest round of Washington State Clean Energy Fund grants OLYMPIA, WA – The Washington State Department of Commerce today announced five projects awarded matching grants from the state’s Clean Energy Fund to advance research and development in clean power technologies. They include innovative wave energy technology, a hybrid aircraft, bioenergy and small-scale electric power generation. The grants

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