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Brad's Business Highlights
If you're planning a cheap summer vacation, you may want to avoid San Francisco. Trip Advisor released its list of the most expensive U.S. cities to visit between June and August. San Francisco topped the list, followed by New York and Boston. For the fourth year in a row, Las Vegas came in as the least expensive destination, followed by Miami and Atlanta. The survey compared the cost of an evening out and an overnight stay.
With legal pot shops set to open in just a few weeks, a local businessman has an online solution for making sure those stores have enough supply. Potmarket.co is being called the Ebay of marijuana. Dave Comeau's site connects growers with retailers. The pot supply is expected to be tight at first, so the Pot Market site lets storeowners bid on products or buy them for a fixed price.
Microsoft is trying to grow innovation in new home technology. The Puget Sound Business Journal reports Microsoft is teaming up with American Family Insurance to launch startups focused on home automation. Each startup accepted into a new program will earn a 25 thousand dollar grant. They will all gather at Microsoft's Redmond campus in September for a home automation summit.
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.
Crews began drilling at the site of a long delayed office tower project in downtown Seattle. The Puget Sound Business Journal reports the 45-story tower at 5th and Columbia has been in the works since 2008. Construction was delayed after WAMU collapsed. A formal groundbreaking ceremony will be scheduled for August or September.
Coach is closing stores as sales fall. The upscale retailer will shut 70 stores, one of about every eight in North America. Coach will renovate some key locations. The move comes after sales fell 7 percent last quarter. Coach has been losing ground to rivals Michael Kors and Kate Spade.
Columbia Bank's experts can help with your business and personal finance needs. Simply visit www.columbiabank.com