Tacoma Urbanist

Mar. 14, 2008 at 12:09am

Downtown Today: Gregoire To Sign Russell Retention Bill

Governor Gregoire will be in at the Tacoma's Convention Center in the Grand Ballroom today at noon to sign SB 6626, ie, the bill to keep the Russell Company in downtown Tacoma.

Here's the letter I obtained from my legislative contact sent from the governor's office on the event.








Second Substitute Senate Bill No. 6626

Relating to creating a sales and use tax deferral program for eligible investment projects in community empowerment zones.

Commentary

Is this a bill designed largely to help to help Tacoma specifically keep Russell?  Of course it is.  We will take it. 

The legislators who sponsored this bill are making a good case for being re-elected if this new law ends up making a difference.

(Could someone ask her to give just a bit more for Murray Morgan Bridge?  I think the state has offered to throw in $40,000,000 to date)

comments [3]  |  posted under tacoma, washington

Comments

by morgan on 3/14/2008 @ 12:37am
Isn't it amazing what can be accomplished in a short amount of time with a little focus?

by Erik on 3/14/2008 @ 12:55am
Isn't it amazing what can be accomplished in a short amount of time with a little focus?

Yeah. $40 million for a bridge. A bill just for Russell. The fair share legislation for felons last year.

Its like the city is finally waking up after 50 years.

The "Russell Challenge" may end up being one of the best things that has happened to Tacoma in 80 years to overcome inertia. (Of course, I used the word "may".)


by Erik on 3/14/2008 @ 10:43pm
Apparently, Gregoire has signed the bill.

Here is her press release:
_____________________________-

Gov. Gregoire signs bill to drive economic development

TACOMA – Gov. Chris Gregoire today signed Senate Bill 6626 at the Economic Development Board of Tacoma-Pierce County’s annual business luncheon. The bill creates incentives for businesses to build or lease corporate headquarters in community empowerment zones throughout the state.

“This tax-break bill is important for Tacoma and for Pierce County,” Gregoire said. “It is another economic development tool to continue this city’s amazing renaissance. These incentives can draw more high-paying, high-demand, professional jobs into Washington state.”

The bill provides businesses an exemption from the sales and use tax for construction of their corporate headquarters in one of the CEZs in the state. The bill also specifies that the business must invest at least $30 million in that corporate headquarters and that the facility would need to employ at least 300 people making the average wage or better in Washington.

“My top priority in Olympia has been the growth of more good jobs in our region. This bill makes us more competitive by giving more cities such as Bremerton and Tacoma additional tools to recruit and retain the major employers that can serve as cornerstones of economic development in areas that need it the most,” said Sen. Derek Kilmer, D-Gig Harbor, the bill’s sponsor. “Several of the states with which we compete have similar incentives. This bill can be a critical tool for more jobs in our area.”

Community empowerment zones include areas of Tacoma, Spokane, Seattle, Yakima, Bremerton and White Center.

“This legislation will help ensure that Tacoma and the other five cities that have community empowerment zones in our state will have the tools we need to continue growing,” said Tacoma Mayor Bill Baarsma. “Tacoma needs these kinds of economic development tools to encourage business growth and retention, and to create a thriving downtown.”

“The EDB of Tacoma-Pierce County is thrilled to have Governor Gregoire sign Senate Bill 6626 today. It gives another tool in the toolbox for Tacoma to become a more competitive place for locating national and international companies’ headquarters,” said Bruce Kendall, president and CEO of the Economic Development Board of Tacoma-Pierce County. “It is a very competitive climate for recruitment of these family-wage jobs; the governor and Pierce County delegations’ leadership has been incredible.”

In her remarks to the group, Gregoire also noted that the supplemental budget passed by the Legislature includes $40 million for the rehabilitation of the Murray Morgan Bridge in downtown Tacoma.

“The Legislature provided a substantial down payment, and a path forward, to restore the Murray Morgan Bridge. The bridge is an important lifeline for emergency responders to the port and an icon in the great history of this great city,” Gregoire said.Gov. Gregoire signs bill to drive economic development

TACOMA – Gov. Chris Gregoire today signed Senate Bill 6626 at the Economic Development Board of Tacoma-Pierce County’s annual business luncheon. The bill creates incentives for businesses to build or lease corporate headquarters in community empowerment zones throughout the state.

“This tax-break bill is important for Tacoma and for Pierce County,” Gregoire said. “It is another economic development tool to continue this city’s amazing renaissance. These incentives can draw more high-paying, high-demand, professional jobs into Washington state.”

[More:]

The bill provides businesses an exemption from the sales and use tax for construction of their corporate headquarters in one of the CEZs in the state. The bill also specifies that the business must invest at least $30 million in that corporate headquarters and that the facility would need to employ at least 300 people making the average wage or better in Washington.

“My top priority in Olympia has been the growth of more good jobs in our region. This bill makes us more competitive by giving more cities such as Bremerton and Tacoma additional tools to recruit and retain the major employers that can serve as cornerstones of economic development in areas that need it the most,” said Sen. Derek Kilmer, D-Gig Harbor, the bill’s sponsor. “Several of the states with which we compete have similar incentives. This bill can be a critical tool for more jobs in our area.”

Community empowerment zones include areas of Tacoma, Spokane, Seattle, Yakima, Bremerton and White Center.

“This legislation will help ensure that Tacoma and the other five cities that have community empowerment zones in our state will have the tools we need to continue growing,” said Tacoma Mayor Bill Baarsma. “Tacoma needs these kinds of economic development tools to encourage business growth and retention, and to create a thriving downtown.”

“The EDB of Tacoma-Pierce County is thrilled to have Governor Gregoire sign Senate Bill 6626 today. It gives another tool in the toolbox for Tacoma to become a more competitive place for locating national and international companies’ headquarters,” said Bruce Kendall, president and CEO of the Economic Development Board of Tacoma-Pierce County. “It is a very competitive climate for recruitment of these family-wage jobs; the governor and Pierce County delegations’ leadership has been incredible.”

In her remarks to the group, Gregoire also noted that the supplemental budget passed by the Legislature includes $40 million for the rehabilitation of the Murray Morgan Bridge in downtown Tacoma.

“The Legislature provided a substantial down payment, and a path forward, to restore the Murray Morgan Bridge. The bridge is an important lifeline for emergency responders to the port and an icon in the great history of this great city,” Gregoire said.