Archive of: Work Force

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Wilcox Farms Inc. honored for 100 years

Wilcox Farms Inc., headquartered in Roy, was recognized yesterday by the state Senate with the adoption of Senate Resolution 8619, honoring the local company for 100 years of farming and entrepreneurial business operations that have helped uniquely shape the Pacific Northwest.
 
Three generations of the Wilcox family were on hand, and recognized, in Olympia for the reading and adoption of the resolution.

February 2009

Dark state revenue forecast worsens

Rep. Ed Orcutt, the ranking Republican on the House Finance Committee and member of the Economic and Revenue Forecast Council, isn't happy with the failing state of Washington's economy as the forecasted shortfall is now at the $8 billion mark. But also is calling for cooler heads to win the day against adding taxes to fill the budget hole.

February 2009

State posts strong export numbers

Washington exports set a new record in 2008 by growing to $66.8 billion, a $400 million increase over 2007. The state also maintained its rank as the 4th largest exporter in the United States by total value.

"Washington's strong export numbers illustrate how the diversity of our economy can help offset some of the impact of the current recession," said Gov. Chris Gregoire. "Washington offers to our companies some of the best global trade connections and infrastructure in the world. That makes our economy stronger and more competitive."

February 2009

Square One leases last space at DuPont site

Square One Construction Supply, Inc leased 13,750 square feet from Panattoni Development Co. at Industrial Place in DuPont. This transaction completes the lease up of the 54,000-square-foot, industrial building.

The single-story warehouse was completed in 2008 and is located at 3895 Pioneer Ave. NE.  Panattoni recently signed a deal with AGCO who is operating in the other portion of the building. 

February 2009

Producer Price Indexes rose slightly

The Producer Price Index for Finished Goods rose 0.8 percent in January, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This increase followed declines of 1.9 percent in December and 2.5 percent in November. At the earlier stages of processing, the decrease in prices for intermediate materials slowed to 0.7 percent from 4.2 percent in the prior month, and the index for crude materials declined 2.9 percent after dropping 5.3 percent in December.  

February 2009

Inside China: forum to explore U.S., China relations

Military and regional experts will delve into the complexities of the United States' relationship with China during the 2009 Pacific Northwest National Security Forum in Tacoma next month. A diverse panel of diplomatic, military, business and academic experts will discuss "Competitors and Partners: Prospects for China and the United States."

"Thirty years have passed since the United States and the People's Republic of China normalized relations," said retired Lieutenant Colonel Doug Adams, program chair for the forum. "In that time, much has changed in China. China is now among the world's top economies, militaries, and after the Beijing Olympics in 2008, perhaps even cultures. Many national security experts focus on the future competition they see coming between the United States and China.  However, Washington State has been a leader in developing partnerships with China in educational and commercial realms." 

February 2009
Construction materials prices inched down

Construction materials prices inched down

The cost of construction materials continues to move downward as prices fell 0.3 percent last month, according to the Producer Price Index report by the U.S. Labor Department. This is the fourth consecutive month that construction materials prices have fallen. However, on a year-over-year basis, prices are still up 1.8 percent from January 2008.

"One of the few bright spots in the economy is that we live in subdued inflationary times," said Associated Builders and Contractors Chief Economist Anirban Basu. "Both consumer prices and producer prices have been in retreat, a reflection of extraordinarily weak demand for goods and services throughout the global economy. This weakness has certainly become apparent in commodity prices, which have generally trended lower."

February 2009

HIMC announces reduction in shares

Tacoma-based HIMC Corp. has announced the successful recovery and cancellation of 8 million shares of outstanding common stock.

"We are pleased to put another legal issue behind for the benefit of shareholders," said CEO Jerry Cornwell.

February 2009

Sumner company fined for stormwater violations

A Sumner construction company has been fined $36,000 for violations of its construction stormwater permit.

The state Department of Ecology fined Stowe Construction for failure to prevent, control and treat stormwater runoff from its Rainier Park of Industry Division Four construction site, West Valley and 52nd Street East in Sumner. Ecology provided company owner Bryan Stowe with technical assistance several times to help him bring the Rainier Park property and another site in Sumner into compliance with stormwater regulations. 

February 2009
MBA finds promise, faults with stimulus packages

MBA finds promise, faults with stimulus packages

With President Barack Obama signing the federal stimulus package yesterday, it was no surprise that the hot topic at the Master Builders Association of Pierce County 2009 economic forecast event was the state and national stimulus packages and how they will affect the building industry.

Many conversations focused around the $15,000 home buyer tax credit being changed to an $8,000 first-time home buyer tax credit that does not have to be repaid.

"We were a little disappointed," said Gary Pedersen, association president. "We don't feel it's enough."

February 2009
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