Archive of: Work Force

Title Issue

Lakewood bank accepts $2 million from feds

Lakewood's Northwest Commercial Bank will use the $2 million it has received from the U.S. Treasury's stimulus package to boost business loans in the area.

February 2009

Financial checkups offered by O Bee Credit Union

With so much global economic turmoil, people and businesses are looking for financial answers. Tuwmater-based O Bee Credit Union is offering a free personalized financial check-up to do just that.

February 2009

Port cleanup aided by grant

Port of Olympia has accepted a Washington State Department of Ecology matching grant that is helping clean up Budd Inlet and is restoring parts of two shipping berths. The project is also helping the port evaluate future clean-up alternatives for the port's remaining navigational areas.

February 2009

Goldmark launches biomass initiative

Commissioner of Public Lands Peter Goldmark today launched an effort to create jobs, renewable energy, and healthier forests by utilizing woody biomass in our state's forests.
"Through this biomass initiative, DNR has an opportunity to be part of the climate change solution at the same time that we are creating jobs and improving forest health," said Commissioner Goldmark. "This effort will help bring emerging technologies to the marketplace and help to establish another positive and sustainable use of our public's natural resources."

February 2009

Owners are no longer in denial about home values

American homeowners' perceptions of the value of their own homes moved more in line with reality at the end of 2008, at least when it came to hindsight. More than half believe their own home lost value during the year, according to the recent Zillow Homeowner Confidence Survey. This is markedly more than the 38 percent who believed their home's value was declining when asked during the second quarter of 2008.

February 2009

More counties added to disaster benefits roster

Workers in Grays Harbor and six other counties may now be eligible for disaster unemployment benefits if they lost their jobs or cannot work because of the storms and flooding that struck the region in January.
Residents of these counties have until March 11, to apply for the benefits. 

February 2009

Tacoma traffic troubles starts Friday

Getting from the Tacoma Narrows Bridge to Interstate 5 is going to take more time the next few years, because traffic changes required to build a new State Route 16 Nalley Valley viaduct will cut into lanes used to flow traffic along that main route.

"Traffic flow through Tacoma will bog down during construction, but the local economy gets a boost as this project creates more than 200 full-time construction-related jobs over the next three years," said Washington State Department of Transportation administrator Kevin Dayton.

February 2009

State tax collections fall short again

Washington's General Fund for the last month fell short of the tax collection forecast set in November.

Total receipts for the month were $62.6 million, or 5.3 percent, lower than expected. That makes the running total now $200 million short since the November collection forecast. The cumulative shortfall since the November forecast is now $196.8 million, down 5.1 percent, from initial projections.

February 2009

REI post loss, announces local layoffs

Outdoor retailer Recreational Equipment Inc. announced 2008 sales totaled $1.4 billion, an increase of 6.9 percent from the previous year.

Reflecting the challenging economic environment, however, REI's operating income for the year dropped 31 percent to $73.6 million. Net income was down 65 percent from $41.4 million in 2007. 

February 2009

Economic chill hampers two big projects in the area

What was going to be a commercial and industrial hub in South Tacoma will remain a vacant lot for a bit longer than first expected now that the developers of the site have backed away from their construction plans. The site could have created up to 900 jobs.

ProLogis has formally ended plans to construct a 115-acre industrial park just off South Tacoma Way on property that was once a railroad service center. BNSF Railway, the parcel's owner, will continue the permitting process based on those plans and seek another developer of its propert

February 2009
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