Washington #6 in Nation for Best Business Tax Climate

October 9, 2012

The Tax Foundation, a non-partisan research group based in Washington, D.C. just released the 2013 edition of the State Business Tax Climate Index. Washington ranked #6 in this measurement, which is an overall ranking that considers corporate, individual income, sales, property and unemployment insurance tax rates for each state. Read details here.

Seattle OED February City Business Casual

February 8, 2012

This month’s City Business Casual is this Thursday, February 9, from 5:00 to 7:00 p.m at O’Asian Kitchen, located at:

800 5th Avenue, Suite Plaza 1 (located on the P level)
Seattle, WA  98104

Special guests for this month’s theme, Major Institutions (educational and healthcare), include:
Tim Burgess, Councilmember, City of Seattle
Dan Dixon, Vice President, External Relations, Swedish
Theresa Doherty, Director, Regional and Community Relations, UW
Beth Hester, Communications Director, Office of the Mayor, City of Seattle
Paul Killpatrick, President, Seattle Central Community College
Bernie Matsuno, Director, Dept. of Neighborhoods, City of Seattle
Edna Shim, Director, Regional Gov’t Affairs & Community Relations, Children’s
Diane Sugimura, Director, Dept. of Planning & Development, City of Seattle
Jill Wakefield, Chancellor, Seattle Community Colleges

Seattle Chamber’s Job Sector Survey

July 27, 2011

Do you operate a business in King, Pierce, Snohomish or Kitsap county? If so, you should participate in the Seattle Chamber of Commerce’s second annual Job Sector Survey.

“The more businesses that return the survey, the better we can understand how to grow jobs in our region and get people back to work,” said King County Executive Dow Constantine in a press release announcing the survey launch. “An accurate picture of what it takes to attract new businesses and support the businesses that are here will help us in government foster the climate for a prosperous and sustainable economy.”

You have until August 13th to complete the survey and participants will be included in a drawing to win two Southwest Airlines Green LUV tickets.

Click here to complete the survey

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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“The Goal of Business isn’t to Create Jobs.”

May 6, 2011

Yesterday was the kick-off meeting of the Regional Economic Strategy Technical Advisory Group…or, as I like to call them, the RESTAG (you already know from things like B-MOW and REDEW that I’m terrible at acronyms). For those of you who have been reading about our preparations to start developing a new Regional Economic Strategy, you’ll be happy to hear that we’ve moved from talking about doing it to actually starting!

And start, we did. With about 50 people packing the PSRC Boardroom, we introduced our consultants – TIP Strategies of Austin, TX – and got people thinking about the major issues that are going to frame our thinking about the strategy: things like the increasing divergence in economic opportunity between people with and without college education, the impacts of our aging workforce and trends (both positive and negative) with regard to manufacturing.

But what stood out the most from the TIP Strategies presentation wasn’t any of those, but rather a point so simple yet fundamental that it was almost revolutionary to hear. And, with full attribution to them, I wanted to share it with all of you: “the goal of business isn’t to create jobs.”

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Economic Development Through Tax Incentives

April 8, 2011

Often, us in the Washington state economic development world mention the challenges that we have in not being able to engage in traditional economic development incentives. Because of our state constitution, we can’t do a lot of the direct financial offerings to companies that other states do, as it violates our “lending of credit” provision.

But this article in the trusty New York Times points out that using incentives to lure companies across state borders can be a tough way to do economic development“:

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Prosperity Blog on Citytank

March 30, 2011

Many of you in the blogosphere know Dan Bertolet, formerly of hugeasscity then Publicola: urban thinker and writer extraordinaire. You may or may not know that Dan has started a new blog, Citytank, which “believes that cities are the solution. Our mission is to propagate ideas that help fulfill the promise of cities to both expand the human spirit, and sustain a thriving planet.”

In particular, he’s started this “C200 Series” that attempts to explain “why cities matter. In 200 words. By a bunch of wicked smarty pants authors.” And your Prosperity Blog is nothing if not smarty pants.

So here’s our contribution. Which is a distillation of an older post we did on that same topic back around the time of the NYT Magazine Year in Ideas. And you know how we feel about the Year in Ideas.

Anyway, enjoy our Citytank post!