Archive of: Work Force

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Home elevation grants news release

Residential building owners around Chehalis and the Deschutes River might be able to receive flood preparation grants. There will be a special meeting to highlight Thurston County's Flood Elevation Grant Program for homeowners in flood-prown areas that suffered damage during last year's flood.

November 2008

Cash is king during down economy

In a day when credit card debt is at an all-time high and paying with "plastic" is as common as driving a car or checking e-mail, Americans are renewing their affinity for cash.

The new Coinstar National Currency Poll on economic trends reveals that nearly a quarter of Americans report using cash more often to pay for purchases than they did just one year ago. Reasons cited include helping to manage budgets and control credit card debt. In addition, more than 60 percent of Americans polled said they will be changing their financial plans for 2009 due to difficult economic times.

November 2008

Columbia, Heritage complete Treasury deals

Tacoma-based Columbia Banking System, Inc. and Lacey-based Heritage Bank announced separately that they had completed federal transactions with the Department of the Treasury.

Columbia raised $76.9 million in capital by issuing 76,898 shares of Series A preferred stock for $1,000 per share to the U.S. Department of Treasury as a voluntary participant in the federal government's Capital Purchase Program.

"We are pleased to have been selected as one of the first regional banks to participate in the Treasury's program, further affirming our financial strength," said Melanie Dressel, president and chief executive officer. "The additional equity bolsters our already strong capital levels, enhances our ability to lend and increases our flexibility to pursue strategic opportunities which may arise. We believe this additional measure of strength will be well received by our employees, customers and shareholders."

November 2008

State launches video to help businesses with tax planning

Washington State has launched a multi-agency streaming video that gives new and small businesses easy-to-understand basics on how to plan for, prepare and pay state business taxes and insurance premiums.

The video guides business owners through the process as they face their tax reports. It answers basic questions, such as: which taxes, and what rate, businesses will have to pay;    how and when to file state taxes; and what steps business owners should take to plan ahead.

"Small businesses play a critical role in growing our state's economy," Gov. Chris Gregoire said. "We need to provide Washington's small business owners with as much information as possible so they can successfully develop and build their companies -- and this video helps achieve that. A strong business climate will keep Washingtonians employed, and contribute to our state's growth."

November 2008

Storm damages reach $7.2 million

As flood waters recede, the process of damage assessment has begun for the Veterans Day storm. To date governmental costs and damages have reached $7.2 million in Pierce County. This includes roads and levees that were damaged, as well as costs incurred by jurisdictions responding to the floods. Six private residences reported a total damage loss of $45,000.

Pierce County is encouraging all jurisdictions and citizens to report flood damage. A presidential disaster declaration and FEMA assistance may be available if Washington State meets a total of $7.8 million in allowable disaster damages.  

November 2008

Filing unemployment taxes is easier than ever

A new online tool is available that gives Washington employers more flexibility for filing their unemployment taxes and managing their accounts.
 
The Employer Account Management Service was developed by the state Employment Security Department.

November 2008
Saint Martin's names new president

Saint Martin's names new president

Ken F. Parsons, chairman of the board of trustees of Saint Martin's University announced today that Roy F. Heynderickx, Ph.D., will be the university's new president.
 
Heynderickx succeeds Bryan M. Johnston, J.D. who died in June just prior to assuming his role as president replacing Douglas M. Astolfi, Ph.D.
 
"Heynderickx's ability and skills, honed from his extensive senior level management experience in Catholic higher education, will make him an effective leader for Saint Martin's," said Parsons.  "The board of trustees is confident that Heynderickx will set a positive tone and build collegiality within the Saint Martin's community."

November 2008
Technology is about innovation, UWT conference told

Technology is about innovation, UWT conference told

The ninth annual South Sound Technology Conference was held at the William W. Philip Hall on the University of Washington, Tacoma campus and offered a host of views on the state of  technology, particularly in the South Sound.

"Technology is such an important part of this economy," said UWT Vice Chancellor Beth Rushing, noting that the university and its Institute of Technology feed into that growing industry by providing local businesses with well-trained workers. "We definitely see education as a driver of economic development."

November 2008

People on the move

Tacoma was recently named Port of the Year for its hosting of this summer's Tall Ships Tacoma Festival in July. This is the second time that Tacoma has received this honor from the American Sail Training Association. Tacoma was also named Port of the Year after the 2005 festival. To win the award, Tacoma beat larger host cities participating in the Pacific Coast Tall Ships CHALLENGE, including San Francisco, Los Angeles and San Diego.
The Port of the Year Award is awarded to a city that demonstrates significant success in supporting ASTA's Tall Ships CHALLENGE race. It is based on overall performance of a host city and award criteria include services provided to the ships and crews, community involvement, volunteer participation and overall operations. A significant portion of the award is based on voting by the captains and crews of the participating ships.
While the 2008 festival resulted in a deficit of roughly $500,000, the award highlights many of the organization's achievements, including: more than $19.2 million in economic impact to the local economy, 300,000 visitors to the Foss Waterway, More than $1.5 million in permanent improvements to the Foss Waterway and more than 2,000 volunteers who donated more than $800,000 worth of time.

November 2008

State revenue forecast continues to fall

Economic conditions in both the nation and the state have deteriorated sharply since the last Revenue Forecast in September, according to the state Economic and Revenue Forecast Council.

"The credit crunch has knocked the wind out of an already weakening national economy," an economic forecast released today stated. "Consumer and business spending have stalled as access to credit has been choked off, and confidence has worsened."

November 2008
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