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 reserve fund to help establish Katerra’s first of several planned cross-laminated timber (CLT) manufacturing plants, bringing 150 jobs to the Spokane community. Read the Spokesman-Review news story.
Katerra is one of nine successful business recruitments Commerce helped accomplish this year, bringing an estimated $135 in capital investment and 600 jobs to Washington state. Three of these projects are strengthening rural communities, bringing 400 jobs and $105 million in capital investment to areas outside our major metropolitan areas.