October 7, 2019
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State retirement fund invests in Everett's Propeller Airports

The Washington State Investment Board is now part owner of Propeller Airports, which operates the newly-opened Paine Field terminal in Everett, The Puget Sound Business Journal reports.

The board’s investment will be managed by Global Infrastructure Partners, an investment firm that also owns investments in London’s Gatwick Airport, and the Edinburgh Airport. The state board is a limited partner investor in Global Infrastructure Partners, reporter Andrew McIntosh reports.

"Rather than having only private investors and investment firms be beneficiaries of the new Paine Field terminal, the state's public workers can now participate in its future and financial success," Propeller Airports CEO Brett Smith said. "This deal properly positions us for long term success."

The airport currently handles 24 daily flights operated by Alaska Airlines and United Airlines, the newspaper reported. More than 600,000 passengers have taken advantage of the new infrastructure investment since it opened earlier this year.

Check out this feature from the summer edition of Washington Business to learn more about the new passenger terminal.




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A Win-Win for Washington Communities

Innovative mills help economy, environment at same time

By AWB President Kris Johnson and state Commissioner of Public Lands Hilary Franz

Business, government, and residents share the same values. We place the highest premium on vibrant communities, healthy lands, and clean water.

With the right leadership and bold vision, we can create jobs and economic opportunity and preserve a healthy and clean environment. This clearly is apparent with the emergence of cross-laminated timber, which will play a key role in creating jobs in rural communities, providing building supplies to cities and towns, and reducing wildfire danger.

Read the full op-ed in the Spokane Journal of Business.
Let's call a timeout on rulemaking

Washington state's massive rulemaking is strangling businesses and must be reined in

By state Rep. Vicki Kraft, R-Vancouver

During the final three days of the 105-day legislative session in April, more than $2 billion in new and higher taxes were approved by majority Democrats. These included new and increased business and occupation taxes on more than 90,000 employers and certain banks, a graduated real estate excise tax on both residential and commercial sales, a higher tax on oil and ending the sales tax exemption for Oregonians and changing it into an annual remittance program.

Because Oregon is so close to Southwest Washington's 17th Legislative District, which I represent, I've been concerned about how these tax increases affect us locally, especially our smaller businesses operating on razor-thin margins...

Read the full column in The Reflector of Battle Ground.