Grant County EDC January 2010 Newsletter
Feb 3, 2010
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Reserve Your Seat at the EDC Annual Banquet Friday, February 26
This year's keynote speaker is Dr. Arun Raha, Chief Economist for the state of Washington. Dr. Raha is well known for his dynamic and entertaining presentations with the Seattle-Tacoma News Tribune commenting on his "comedy stylings."
Dr. Raha will be delivering a forecast of the Washington State economy for the coming year and will shed some light on what we can expect in Grant County for 2010.
Join us February 26th and find out just how fun economics can be!
Click here to reserve your seat for the Annual Banquet
State Invests $3 Million in Economic Development Projects in Grant County
The Washington State Community Economic Revitalization Board (CERB) approved a $1,500,000 loan and $500,000 grant to the Port of Moses Lake for the construction of a new electrical substation. CERB funds are matched by more than $5 million in private funds.
Also approved was a $1,000,000 loan to the Port of Warden for the upgrade of five existing grain storage silos and associated facilities for a new oilseed crush and biodiesel production facility. CERB funds are matched by more than $3.2 million in public and private funds.
Click here to read the full story
Plan to Create Jobs and Spur Economic Growth
Governor Chris Gregoire has unveiled a plan to create as many as 40,000 jobs over the next three years. The plan contains a combination of capital investments and financial incentives, including:
- A Business & Occupation tax credit for large capital projects equal to five percent of the project cost. The program will be capped at $100 million, distributed first-come-first-served, and is expected to create 20,000 construction jobs and 5,000 ongoing jobs over the next 3 years.
- Reducing the threshold a company must meet in order to qualify for the Rural County New Employee tax credit from a 15 percent to a 10 percent increase in the number of people they employ.
- A $2,000/new employee tax credit for small businesses that don’t qualify for other incentives.
Click here to read the full story
Local Companies are Hiring Graduates of the Pre-Employment Training Program
During these turbulent economic times, local manufacturing companies are continuing to hire new employees. For a job seeker applying for one of these positions, the competition is tough because the number of people looking for a job has increased dramatically.
Despite the competition, over 45 local residents found a sure fire way to get their foot in the door with these companies. Their secret? The Pre-Employment Training Program. The training enables new-hires to hit the ground running, making it possible for them to succeed and move up within the company. Every graduate from the program that has applied for work has been offered a job or has been hired by one of the participating companies.
Click here to read the full story
Washington State Redesigns its Economic Development Website
The Department of Commerce has released a redesigned economic development website at www.ChooseWashington.com.
The new site elevates the state's efforts to showcase Washington's competitiveness and industry sector strengths, and serves as a primary business recruitment tool. Target users of the site include site selectors and the business community.
The new site makes it easy for business to get information the topics that are most important to their success including:
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Growing your Business
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Exporting Your Products
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Starting a New Business
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Finding Incentives & Financing
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Finding a Site or Building
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Researching Counties & Cities
Visit www.choosewashington.com
Upcoming Events
February 17, 7:00 am - EDC Annual Membership Meeting
February 26, 5:30 pm to 9:00 pm - Grant County EDC Annual Banquet
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