Join Boeing’s Ray Conner at 2012 Prosperity Partnership Luncheon

October 8, 2012

Join Boeing Commercial Airplane’s new President and CEO Ray Conner on Monday, November 5 at 11:30am to honor Congressman Norm Dicks at the Prosperity Partnership’s Fall Luncheon. The Prosperity Partnership’s centerpiece event is the region’s premier civic event focused on sustaining a competitive regional economy, and it will be held at the Seattle Westin.

This year, business, government and community leaders will honor Congressman Norm Dicks for his 44 years of stellar public service. This pre-election day luncheon will feature regional leadership from far and wide paying tribute to Norm’s accomplishments, which have been focused on shoring up the foundations of the region’s economy and the region’s place in the world.

Monday, November 5, 2012
11:30 a.m. – 1:30 p.m.
The Westin Seattle
Register for this event

Sponsorship opportunities are available— please contact Chris Endresen Scott, Director of Economic Development, at 206-971-3269.

Prosperity Partnership Luncheon Sponsors

 


2012 Farnborough International Air Show

July 9, 2012

The Farnborough International Air show started on Monday, July 9 in England. Boeing announced the first big order of this year’s show – a $7.2 billion order from Air Lease Corporation, a jet leasing company based out of Los Angeles, California. The order is for 75 737 MAX planes, with an option to purchase 25 more. On Tuesday, GECAS (GE’s aircraft leasing unit) announced an order for 75 of the new 737 MAX planes and 25 of  the current 737NG model.


Aerospace Industry Cluster Tour Recap

February 13, 2012

On Friday, February 10 the Prosperity Partnership led a sold out group on the Aerospace Industry Cluster Tour. Aerospace is an industry that employs more than 80,000 people in Washington State at more than 150 different companies. In the cluster there are also another 650 companies that support the industry – including machine shops, tooling firms, advanced materials companies, engineers and designers. The state aerospace industry has been receiving a lot of positive press lately, and the tour was an opportunity to highlight some of our regional strengths. More than 50 people were in attendance and visited Electroimpact, a company that supplies automation equipment to  aerospace companies around the world. The tour also  stopped at the Washington Aerospace Training & Research Center to see and hear about training opportunities that are developing the next generation of workers. Washington State is also a leader in the development of technologies that support the industry, and Marcia Garrett and Alexis Holzer of WSU gave a presentation on developments in biofuels and fuel cells. The tour wrapped up with a trip to Boeing where attendees heard about the company’s outlook and strategy before touring the plant in Renton. Check out a few photos from the tour below and stay tuned for news about upcoming Industry Cluster Tours.


Recent Aerospace News Recap

January 23, 2012

It has been a period of positive news for the local aerospace industry. There was the news that the 737 MAX was going to be built in the state and Boeing announcing its largest order in both dollar value and number of airplanes by Southwest Airlines. The airline ordered 208 737’s, which includes 150 of the new 737 MAX planes. Down in Renton, Boeing recently organized a celebration for employees for reaching a production rate milestone – 35 jets every 20 work days. That marks a significant increase from 14 per month back in 2003, and major increases are still expected over the next few years to meet demand for the new jets. Scheduled rate increases are expected to bring production up to 38 jets per month by 2013 and to 42 by 2014.

At the state level, three bills were passed during the end of 2011 special session to support the industry. These bills focused on the aerospace industry’s education and training needs and will better prepare Washington’s young people to be the next generation of aerospace workers and engineers.  The Washington Aerospace Partnership, which works to support and grow the aerospace cluster in Washington State, will be seeking additional legislation in 2012. Find out more here

Local company Alaska Airlines topped the Wall Street Journal’s Middle Seat scorecard this year. The Middle Seat scorecard ranks major carriers each year on a number of key measures important to travelers: on-time arrivals, long delays, canceled flights, mishandled bags, passengers bumped from flights and complaints filed with the Department of Transportation.

There are also a number of aerospace conferences coming up in the region for those interested. The 2012 Pacific Northwest Aerospace Alliance (PNAA) Aerospace Conference will be held from February 6-8 at the Lynnwood Convention Center. The Aerospace & Defense Supplier Summit will be held from March 12-15 at the Washington State Convention & Trade Center.


Aerospace Industry Cluster Tour – February 10

January 6, 2012

Due to extremely high level of interest, the Aerospace Industry Cluster Tour has sold out! Please contact Jason Thibedeau at jthibedeau@psrc.org to get on the waiting list.

The Prosperity Partnership will lead an Aerospace Industry Cluster Tour on Friday, February 10th from 8:00am-4:00pm. The Aerospace Industry Cluster Tour is an opportunity to learn about this exciting, impactful cluster firsthand.

You will hear about the latest trends and recent developments in the industry. Attendees will tour Boeing’s Renton production and visit Electroimpact, premier supplier of automated equipment to the worldwide aircraft industry. In addition, the tour will also cover some of the region’s aerospace training programs, including the Washington Aerospace Training & Research Center at Paine Field.

The cost to attend is $50 and includes lunch.

Contact Jason Thibedeau at 206.389.2879 or jthibedeau@psrc.org with questions.

Please forward this information to anyone you feel would be interested.


40th Annual Economic Forecast Conference

December 22, 2011

 Thursday, January 12, 2012 ~ 7:30 a.m. – 1:30 p.m. ~ Washington State Convention Center

enterpriseSeattle’s 40th Annual Economic Forecast Conference will address the opportunities, challenges and trends for 2012. Don’t miss your chance to join in the conversation, learn what lies ahead for the region, and connect with other regional leaders at the largest economic forecast event in the Northwest. Gain insight into critical business issues with timely forecasts from nationally recognized experts from The Conference Board, Puget Sound Economic Forecaster and Russell Investments as they cut to the bottom line at this must-attend event.

This year’s conference will also highlight the future of the aerospace industry in the region with a panel discussion moderated by King5 Aerospace Reporter Glenn Farley to include representatives from The Boeing Company, the International Association of Machinists and Aerospace Workers, the Washington Aerospace Partnership, and the King County Aerospace Alliance. Additionally, the conference will feature both an Aerospace Innovation Showcase, and an Aerospace Workforce Showcase with displays from regional suppliers.

Click here for more details on the conference or to register


New Reasons for Onshoring

June 7, 2011

Deep in the hearts of local economic development people everywhere is the hope that maybe, just maybe, jobs that have been outsourced to other countries will come back. It’s called “onshoring,” the idea that local companies who opened factories in other parts of the world will say, “this isn’t working…I’m going back to the old way of doing things.” Or rather, “I’m going back to the old place where I used to do things: the U.S.!”

But one of the newest reasons for this trend has nothing to do with our labor costs or quality issues. Rather, it’s the fact that workers here don’t get shot at.

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Blast from the Past…and Future?

March 21, 2011

We here at the Prosperity Blog are still cleaning up all the bottles from the tanker celebration, and yet it’s amazing that this is already our third post on the efforts that are getting underway to prepare our region to compete for the next major Boeing competition. Except, in this one, it won’t be us helping Boeing submit a bid, but rather us submitting a bid to Boeing…to be the location for the manufacture and assembly of the next generation 737.

How will we figure out our best strategy for securing that economic development prize? As someone once said, “You need to know where you’ve been so that you can figure out where you’re going.”

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Weekly B-MOW: Washington Innovation Summit

March 18, 2011

I go to a lot of events. Many of them are boring. But I put my neck out a few weeks ago and said that the Washington Innovation Summit would not be. And I was right. I mean, really interesting panels, very forward thinking topics and some great keynotes. If you haven’t heard Geoffrey Moore speak on the transition in enterprise IT from “systems of record” to “systems of engagement,” then you don’t know what the next major business opportunity in the global economy will be.

Apparently, the whole day was video recorded, and will be available on the Technology Alliance website. And you can follow the audience’s questions and comments on Twitter via the hashtag #WAInnovation (including several insightful tweets from yours truly and a back and forth on how funny Bill McSherry is).

But if you want an immediate taste, I took a video of the opening panel, featuring some of the state’s economic development luminaries talking about how we continue to invest in economic development in a time of scarce public money.

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Weekly FWSR: Snacks, Bosses & Competitors

March 17, 2011

Two weeks ago, we started a new feature at the Prosperity Blog: Fun With Search Referrers! And yes, I know, we start more features here than a first run movie theater, but what can we say. If it sounds like something that can help us fill blog content, we’ll take it! So, here’s the latest Fun with Search Referrers, featuring snacks, bosses, competitors and more.

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The Many Economic Development Impacts of the Military

March 14, 2011

Over the last few years, Prosperity Partnership has been a leading proponent of making better connections with the military cluster here in the region. And it seems like everywhere I turn these days, that topic is a focus of conversation – whether it be the meeting we hosted here last week with the Pacific Northwest Defense Coalition to try to address clean technology contracting opportunities or the success of legislation in the current state legislative session towards allowing military training to count toward civilian professional licenses.

Here’s a quick summary of some the major focuses and opportunities that our region needs to be considering.

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The Exact Opposite of the Global Supply Chain

March 11, 2011

Well, there’s been a lot of talk about how Boeing’s global supply chain for the 787 has or has not worked. And a lot of folks have been thinking that, in the future, Boeing probably won’t rely as much on shipping various parts from vendors around the world without any quality control until final assembly. But I have a feeling that not too many people thought that they’d go in the exact opposite direction!

Which is what seems to be under discussion.

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Watch Some of Our Region’s Elected Officials Celebrate the Boeing Tanker Contract

February 25, 2011

So, as I mentioned, we hosted Senator Murray, Senator Cantwell and Congressman Inslee in their press conference to celebrate the Air Force’s award of their aerial refueling tanker contract to the Boeing Company. And I thought that maybe y’all would like to watch that press conference.

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The Choice That Wasn’t Made

February 25, 2011

So, a funny thing happened when I was watching the live stream of the Pentagon Channel yesterday. I was watching a lovely story about military dentists providing cleanings to Korean children, when all of the sudden a press conference came on to announce the awarding of the Air Force aerial refueling tanker. Imagine my surprise!

Of course, I was actually watching the Pentagon Channel for the press conference (although I did see some fascinating things while I waited), and I did indeed jump up and down when I heard the announcement that Boeing had been awarded the contract. In fact, there is much jubilation and celebration across the region, as it’s clearly great news: 11,000 direct and indirect jobs, many of them current 767 machinists in Everett whose jobs would have been otherwise phased out. Regional leaders made statements, issued press releases and generally rejoiced.

But the most amazing thing to me is not just that Boeing won the contract, which most of us had given up hope for, but why they won it. It wasn’t for any of the reasons we thought.

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What Does a Full Replacement of the 737 Mean for our Region?

February 14, 2011

Last week, the news came out that Boeing is highly likely to develop an entirely new replacement for the 737, rather than re-engineer the existing one. And by highly likely, I quote:

Boeing Chairman and CEO James McNerney told analysts, “We’re going to do a new airplane.”

But what I couldn’t find much of in the newspapers was an analysis of what that means for our region. Is it good news, bad news or something in between? Well, as they say, “nature abhors a vacuum,” and the Prosperity Blog is nothing if not nature’s handmaiden (the “Prosperity Blog is Nature’s Handmaiden” t-shirts should be in next week. And so, here we are, ready to rush into the void to provide you the answers to all your questions on the topic.

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