Brad's Business Highlights
One of our state's biggest builders of luxury yachts was just purchased by a wealthy Louisiana investor. The Puget Sound Business Journal reports Westport Shipyards will continue to operate at the port of Grays Harbor. Westport employs 400 people at three sites in Washington. Terms of the deal were not immediately released.
Chris Hansen may have lost his bid to bring the Sacramento Kings to Seattle, but he's not giving up on buying land in Seattle's SODO neighborhood. The Puget Sound Business Journal reports Hansen has an option to buy nearly five acres near where he has proposed building a 490-million dollar arena. The price of the land was not disclosed. Hansen already owns nearly 65-million dollars worth of properties around the site of the proposed arena.
We know our state is a great place to live; now Forbes magazine confirms Washington is the best state to make a living. Forbes says the evergreen state ranks a little below average in unemployment and cost of living, but we're strong in wages, state taxes and work environment. Texas, Minnesota, Colorado and Utah round out the top five. Hawaii and New York rank as the worst states to make a living.
Columbia Bank's Business Insight: How to choose a financial partner in a recovering economy.
While the loan process can be intimidating, business owners should use a standard when determining the right bank to partner with. Perhaps most important, consider how and where the decisions are made for business loans. Is there a local influence? Are the decisions made elsewhere in the country? Decision makers are responsible for offering deals that are flexible and sustainable for your business, and that should require considerable expertise on a local level. Member FDIC. Equal Housing Lender.
Some good news for Alaska Airlines investors. The company announced its board declared a two-for-one stock split. The additional shares will be doled out on July 9th to shareholders as of June 23rd. Last week, Alaska announced the addition of daily nonstop flights to seven new destinations from Salt Lake City, as well as more flights between Utah and Seattle.
Local tech companies are raking in the cash from venture capitalists to grow their business. The Puget Sound Business Journal reports more than 60 Washington companies have already raised 550 million dollars this year. That total is expected to top 1 billion dollars by 2015. Most of the money comes from Silicon Valley investors. The Journal says that cash is seeding dozens of next-generation companies that will fuel our economy.
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