Market facts - 2013

MARKETFACTS2013

Everett Clinic CEO Rick Cooper and others in health care explain why Snohomish County has drawn so much recent investment, 6

The statistical profi le of Snohomish County

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WHAT’S INSIDE MARKET FACTS 2013

PUBLISHERDavid Dadisman425-339-3007 — [email protected]

ADVERTISING SALESSusan Bonasera425-339-3445 — Fax [email protected]

EDITORKurt Batdorf425-339-3102 — [email protected]

CONTRIBUTING EDITORJocelyn Robinson

CONTRIBUTING WRITERSEric Fetters, M.L. Dehm, Christina Harper, Debra Smith and John Wolcott

CONTRIBUTING PHOTOGRAPHERAnnie Mulligan

COVER DESIGNKurt Batdorf

COVER PHOTOAnnie Mulligan

SUBSCRIPTIONS425-339-3200 www.theheraldbusinessjournal.com

CUSTOMER SERVICE425-339-3200 — Fax [email protected]

COVER STORYHealth-care organizations are

investing big in Snohomish County to meet the challenges of a growing popu-lation and to improve patient care at a lower cost .............................................5

FINANCENew bank capital regulations pro-

posed by the Federal Reserve may make it harder for local businesses to get loans ...............................................8

EDUCATIONWashington State University wants

$2 million to bring more degree pro-grams through the University Center of North Puget Sound ..............................8

Public and private colleges in Sno-homish County offer an array of degree programs for students ........................15

MANUFACTURINGQuantum Windows and Doors Inc.

is reaping the benefi ts of the hard decisions made during the economic downturn ............................................16

Silicon Energy, one of the top manufacturers of solar modules, uses

locally sourced materials for their world-class products .....................................20

BIOTECHSeattle Genetics in Bothell is

leading the way in the fi ght against lymphoma with their drug Adcetris ...24

REAL ESTATEInvesting in commercial property?

Tom Hoban advises patience in the fi rst quarter of 2013, but see the market “fi rming up” later in the year .............28

With home prices up and inventory down, the local real estate market cur-rently favors sellers .............................29

AEROSPACECobalt Enterprise Inc., a Granite

Falls company that manufactures preci-sion machine parts, may fl y under the radar, but is expected to bring in $6 million in sales ....................................34

TRANSPORTATIONConstruction on Highway 522 in

Monroe may be cause congestion, but the project will lead to a smoother com-mute later ...........................................38

By adding GPS to its buses, Com-munity Transit hopes to improved operations and customer service .......39

U.S. NAVYThe USS Nimitz and Naval Station

Everett provide an economic boon to Snohomish County and its communi-ties .....................................................40

PROGRESSEconomic Alliance of Snohomish

County plans to build on the strong growth the organization experienced last year .............................................41

STATISTICAL SNAPSHOTSSnohomish County chartered banks

and credit unions ............................12Snohomish County commercial

banks and savings, 1990-2011 ........12Snohomish County unincorporated

and incorporated population ...........13Consumer Price Index, 1982-2012,

Seattle-Tacoma-Bremerton area ......18Snohomish County per capita

income ...............................................21Snohomish County new housing

units building permits ..................22-23

2012 Snohomish County population by age, gender and race ..................26

Snohomish County home sales and prices, 2005-2012 ........................31-32

Snohomish County housing, 2000-2012 ...................................................33

Snohomish County aerospace com-panies ............................................35-37

Snohomish County’s largest public and private employers ......................37

Snohomish County PUD electricity sales and new connections ...............41

Seattle metro area unleaded fuel prices, 1998-2012 .............................42

Seattle metro area piped natural gas, per therm, 1998-2012 ..............42

Seattle metro area eletricity per kilowatt hour, 1998-2012 .................42

Quantity indexes for Real GDP, Seattle Metropolitan Area ................43

Gross Domestic Product, Seattle metro area .........................................44

Snohomish County civilian labor force and employment, 2000-2012 ...................................................45

Taxable retail sales of select industries in Snohomish County, 2004-2012 ...................................................46

Snohomish County occupational employment projections, 2010-2012.......................................................47-50

THE HERALDBUSINESS JOURNAL

Copyright 2013The Daily Herald Co.Everett, Washington

Health care providers have been investing a lot of capital in Snoho mish County over the last few years for a number of reasons.

To serve a growing, aging population. To update and improve their own facilities to serve that population in better hospitals and clinics with newer, more advanced diag-nostic equipment and treatment options. And because the competi-tion demands it and consumers use it.

But another reason for all the investment —

some $680 million here since 2007 — is the drive to make health-care delivery more efficient and less expensive. All

providers are striving to set new standards of performance and reduce costs.

“Right now, we’re working to lower the cost of care by an audacious goal of 25 percent over the next five years, and our more efficient facili-ties and programs are designed to help us do that,” said Rick Cooper, CEO of The Everett Clinic (at left).

To that end, Snohomish County health-care consumers are seeing more partnerships and cooperation among onetime health business rivals. The first milestone came with the building of the $62 million Providence Regional Cancer Partnership in Everett in 2007, an alliance of Providence Regional Medical Center, The Everett Clinic, Western Washington Medical Group and Northwest Radiation Oncology Associates.

The alliances are growing. The Everett Clinic and Group Health Cooperative now share patients’ elec-tronic medical records. Cascade Valley Hospital and Skagit Valley Hospital teamed up to open and operate the Cascade Skagit Health Alliance medical

clinic in Smokey Point in early 2012. Providence and Swedish Medical Center, which took over management of Stevens Hospital in Edmonds, are forming their own business alliance.

“We’re very competitive but we also know we’re all in this health-care business together and we always have an eye on collaboration opportunities,” said Dave Brooks, CEO of Providence Regional Medical Center Everett. “The Everett Clinic, for instance, has been a great partner. No institution alone could create what we have to offer because of our partnership with institu-tions that said ‘enough is enough’ and decided it’s time to work together for a greater good.”

— Kurt Batdorf, HBJ Editor

On the cover: Why the big investment in health care?

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By John WolcottHBJ Freelance Writer

2013 will mark $35 million in con-struction of new health-care facilities in Snohomish County, each providing additional space, medical staff and the latest in high-tech diagnostic and treat-ment equipment in preparation for the future.

Those investments are part of $680 million in major health-care expansions, upgrades and new locations launched by several health-care organizations since 2007 to meet the challenges of a grow-ing and aging population, protecting market sectors and gaining efficiencies that provide improved patient care at lower costs.

From the $62 million establishment of the Providence Regional Cancer Partnership in Everett in 2007, the list includes a $46 million expansion of Cascade Valley Hospital in Arlington; Community Health Center’s $10 mil-lion Everett expansion; the $30 million Swedish/Mill Creek Emergency Center at I-5 and 128th Street SE; Providence Regional Medical Center Everett’s $460 million medical tower; the $12 million Cascade Skagit Health Alliance medi-cal center and The Everett Clinic’s $25 million facility, both in Smokey Point; Community Health Center’s $13 mil-lion clinic in Edmonds; and the $22 mil-lion Providence Clinic in Monroe. The last two are due for completion in 2013.

Just as significant as the brick-and-mortar structures has been the inter-twining alliances in recent years by major health-care providers that, as Everett Clinic CEO Rick Cooper explains, must balance “competing and collaborating” at the same time.

In a far-ranging interview, Coo-per described the massive health-care investments in the county and the grow-ing number of partnerships among competitors as a time of major changes in services, access and market structure.

“When we decided to build our $25 million Smokey Point facility, we felt we needed a presence between Marysville and Stanwood to serve our many clients in that area but also because north Sno-homish County is expected to grow in population as well as reflecting the aging of the area’s residents,” he said. “We’re delighted that in the first week after Thanksgiving we saw 1,600 patients there, ahead of what we had forecast.”

Cooper said The Everett Clinic focuses on new programs and services as well as its facilities and technology, such as the move to electronic records

and providing a facility designed to pro-vide faster ways of getting to see medi-cal staff, eliminating much of the time patients sit in waiting rooms.

First, reduce costsStriving to improve services and

maintain quality medical staff for its

295,000 patients has made The Everett Clinic one of the most successful and well recognized medical care providers in the Northwest, said Cooper, who also plays leadership roles in local, state and national medical groups. The Everett Clinic has grown into the largest inde-pendent medical group in the region and the fifth-largest private Snohomish

County employer, with 450 health-care providers among its 1,740 employees.

“Right now, we’re working to lower the cost of care by an audacious goal of 25 percent over the next five years, and our more efficient facilities and pro-grams are designed to help us do that,” Cooper said. All health-care providers are striving to set new standards of per-formance and reduce costs.

In a recent presentation to the Ever-ett Rotary Club, Cooper said he sees a future of market shakeout and consoli-dation for efficiencies, more emphasis on disease management and prevention, increased accountability, fixed budgets, shared savings, direct contracting, more

Health-care investment is big business

PHOTOS BY ANNIE MULLIGAN / FOR HBJ

ABOVE: The Cascade Skagit Health Alliance clinic in Smokey Point opened on March 26, 2012. The new facility was built to improve health services for the community and in hopes of attracting physicians to the area.

LEFT: Construction has begun on the new Providence Medical Building in Monroe. The clinic is scheduled to open in October 2013.

Continued on Page 6

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transparency and emphasis on results, value and cost containment.

The federal Affordable Care Act aims to reduce insurance costs in 2013 and in 2014. Those who don’t have insurance coverage will be able to buy it through the government’s new exchanges, Coo-per said.

“But the cost of care increasingly requires attention, too, as a part of our health-care future,” he said.

Innovative approaches to health-care needs and costs are already producing positive results, he said.

For instance, The Everett Clinic recently partnered with the Boeing Co. to focus on chronically ill workers and dependents to improve their health. That program resulted in a 60-minute program that the Public Broadcasting Service aired last February.

“We’ve learned from the Boeing expe-rience, where our work resulted in a drop in emergency room visits and fewer hos-pital stays,” Cooper said. “Programs like that are more labor intensive but they can reduce costs. This is the kind of work we’ll see for years to come, including reducing the costs of prescriptions. We’ve saved our patients $90 million by being out in front on solving medical-care issues.”

Competition will growDave Brooks, CEO of Providence

Regional Medical Center Everett and its myriad facilities in Snohomish County, said the growing competitiveness in the health-care market is a reality affecting the whole region, yet collaboration and alliances with those competitors have become just as essential.

“The need for working together in a changing health-care delivery market began being recognized five years ago in the region, including in King County where health-care organizations real-ized they had to get tentacles into Sno-homish County where they had so many patients,” Brooks said.

“But Providence was changing the market and they couldn’t compete like they did a decade ago when people thought King County had superior ser-vices. That’s been a major accomplish-ment, convincing Snohomish County residents they didn’t have to make that long trip anymore because the same quality of care was available in commu-nities where they live.”

Brooks said Providence and other providers are focused on being competi-tive and constantly raise the bar on ser-vices and performance to survive.

“The downside is that increasing costs sometimes shut out the margin-alized people, which we (as a Catholic

organization) are particularly sensitive to,” Brooks said. “We’re faced, too, with serving the Northwest’s share of the 45 million people in America with-out insurance. That’s why five years ago most health-care organizations began evaluating their clinical and strategic development strategies.”

For Providence, that meant expand-ing its collaborative alliances as well as building its new Everett hospital tower and expanding its network of clin-ics. The most recent example was the November 2012 groundbreaking for its $22 million Monroe clinic that will be twice the size of its present one.

“We’re very competitive but we also know we’re all in this health-care busi-ness together and we always have an eye

on collaboration opportunities,” Brooks said. “The Everett Clinic, for instance, has been a great partner. No institution alone could create what we have to offer because of our partnership with institu-tions that said ‘enough is enough’ and decided it’s time to work together for a greater good.”

A major milestone in collaboration came with the building of the $62 mil-lion Providence Regional Cancer Part-nership in Everett in 2007, an alliance of Providence Regional Medical Center, The Everett Clinic, Western Wash-ington Medical Group and Northwest Radiation Oncology Associates.

The result has been a highly concen-trated focus on offering a variety of cancer treatments, providing Seattle-level cancer

patient care within Snohomish County and bringing a major coalition of com-petitors to the table to work out a plan for working together for common goals.

Competition still exists not only within the county but also from neigh-boring health-care providers, which is why Swedish Medical Center is reaching out to its present and potential patients in Snohomish County.

Two years ago, Seattle-based Swedish Medical Center began creating a major new presence in Snohomish County “to provide health care much closer to where people live and work,” Kevin Brown, Swedish Medical Center senior vice president and chief administrative officer, said at the time.

One of the major changes came when Swedish took over management of Ste-vens Hospital in Edmonds, where new signage proclaims it Swedish/Edmonds. Brown said at the time that Swedish took a comprehensive look at the region and the market study showed significant areas, such as south Snohomish County, where adequate health-care facilities have not kept pace with the growing population.

Since Swedish had already part-nered with Stevens Hospital on many

ANNIE MULLIGAN / FOR HBJ

Everett Clinic CEO Rick Cooper talks during an interview on Monday, Dec. 3, in his offi ce in The Everett Clinic administration building.

Continued from Page 5

Recent Snohomish County health-care investments:Providence Clinic, Monroe. Opens late 2013. $22 millionCommunity Health Center, Edmonds. Opens June 2013. $13 millionCascade Skagit Health Alliance, Smokey Point. March 2012. $12 millionThe Everett Clinic, Smokey Point. September 2012. $25 millionCommunity Health Center, Broadway Expansion, Everett. January 2011. $10 millionSwedish/Mill Creek Emergency Center, Everett. February 2011. $30 millionProvidence Regional Medical Center Everett tower. Summer 2011. $460 millionSwedish/Edmonds. Swedish Health Care-Stevens Hospital management agreement. Sep-tember 2010Cascade Valley Hospital expan-sion, Arlington. February 2010. $46 millionProvidence Regional Cancer Partnership, Everett. June 2007. $62 million

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transparency and emphasis on results, value and cost containment.

The federal Affordable Care Act aims to reduce insurance costs in 2013 and in 2014. Those who don’t have insurance coverage will be able to buy it through the government’s new exchanges, Coo-per said.

“But the cost of care increasingly requires attention, too, as a part of our health-care future,” he said.

Innovative approaches to health-care needs and costs are already producing positive results, he said.

For instance, The Everett Clinic recently partnered with the Boeing Co. to focus on chronically ill workers and dependents to improve their health. That program resulted in a 60-minute program that the Public Broadcasting Service aired last February.

“We’ve learned from the Boeing expe-rience, where our work resulted in a drop in emergency room visits and fewer hos-pital stays,” Cooper said. “Programs like that are more labor intensive but they can reduce costs. This is the kind of work we’ll see for years to come, including reducing the costs of prescriptions. We’ve saved our patients $90 million by being out in front on solving medical-care issues.”

Competition will growDave Brooks, CEO of Providence

Regional Medical Center Everett and its myriad facilities in Snohomish County, said the growing competitiveness in the health-care market is a reality affecting the whole region, yet collaboration and alliances with those competitors have become just as essential.

“The need for working together in a changing health-care delivery market began being recognized five years ago in the region, including in King County where health-care organizations real-ized they had to get tentacles into Sno-homish County where they had so many patients,” Brooks said.

“But Providence was changing the market and they couldn’t compete like they did a decade ago when people thought King County had superior ser-vices. That’s been a major accomplish-ment, convincing Snohomish County residents they didn’t have to make that long trip anymore because the same quality of care was available in commu-nities where they live.”

Brooks said Providence and other providers are focused on being competi-tive and constantly raise the bar on ser-vices and performance to survive.

“The downside is that increasing costs sometimes shut out the margin-alized people, which we (as a Catholic

organization) are particularly sensitive to,” Brooks said. “We’re faced, too, with serving the Northwest’s share of the 45 million people in America with-out insurance. That’s why five years ago most health-care organizations began evaluating their clinical and strategic development strategies.”

For Providence, that meant expand-ing its collaborative alliances as well as building its new Everett hospital tower and expanding its network of clin-ics. The most recent example was the November 2012 groundbreaking for its $22 million Monroe clinic that will be twice the size of its present one.

“We’re very competitive but we also know we’re all in this health-care busi-ness together and we always have an eye

on collaboration opportunities,” Brooks said. “The Everett Clinic, for instance, has been a great partner. No institution alone could create what we have to offer because of our partnership with institu-tions that said ‘enough is enough’ and decided it’s time to work together for a greater good.”

A major milestone in collaboration came with the building of the $62 mil-lion Providence Regional Cancer Part-nership in Everett in 2007, an alliance of Providence Regional Medical Center, The Everett Clinic, Western Wash-ington Medical Group and Northwest Radiation Oncology Associates.

The result has been a highly concen-trated focus on offering a variety of cancer treatments, providing Seattle-level cancer

patient care within Snohomish County and bringing a major coalition of com-petitors to the table to work out a plan for working together for common goals.

Competition still exists not only within the county but also from neigh-boring health-care providers, which is why Swedish Medical Center is reaching out to its present and potential patients in Snohomish County.

Two years ago, Seattle-based Swedish Medical Center began creating a major new presence in Snohomish County “to provide health care much closer to where people live and work,” Kevin Brown, Swedish Medical Center senior vice president and chief administrative officer, said at the time.

One of the major changes came when Swedish took over management of Ste-vens Hospital in Edmonds, where new signage proclaims it Swedish/Edmonds. Brown said at the time that Swedish took a comprehensive look at the region and the market study showed significant areas, such as south Snohomish County, where adequate health-care facilities have not kept pace with the growing population.

Since Swedish had already part-nered with Stevens Hospital on many


Everett Clinic CEO Rick Cooper talks during an interview on Monday, Dec. 3, in his offi ce in The Everett Clinic administration building.


Recent Snohomish County health-care investments:Providence Clinic, Monroe. Opens late 2013. $22 millionCommunity Health Center, Edmonds. Opens June 2013. $13 millionCascade Skagit Health Alliance, Smokey Point. March 2012. $12 millionThe Everett Clinic, Smokey Point. September 2012. $25 millionCommunity Health Center, Broadway Expansion, Everett. January 2011. $10 millionSwedish/Mill Creek Emergency Center, Everett. February 2011. $30 millionProvidence Regional Medical Center Everett tower. Summer 2011. $460 millionSwedish/Edmonds. Swedish Health Care-Stevens Hospital management agreement. Sep-tember 2010Cascade Valley Hospital expan-sion, Arlington. February 2010. $46 millionProvidence Regional Cancer Partnership, Everett. June 2007. $62 million

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programs over the past 20 years, it was a natural path for Swedish to take when it assumed management of the hospital’s operations to provide improved services for county residents.

Swedish also opened a three-story, $30 million Swedish/Mill Creek emer-gency room facility in 2011 at I-5 and 128th Street SE on the site of the for-mer Puget Park Drive-In theater.

Collaboration amid the competition

Collaboration among competing health-care providers in Snohomish County is getting complicated and that trend may not be over. The result of competitors working together ultimately provides more services in specialized facilities, lower costs and a wider range of care providers to serve patients.

As never before, patients are finding care coming from organizations they’ve never belonged to, but referrals get peo-ple the care they need in highly efficient ways unheard of in recent years, said Brooks, the Providence CEO.

Providence Regional Medical Center, for instance, is teaming with Swedish Health Services to form a new nonprofit health-care system, a regional division of Providence Health & Services. Both organizations will continue to operate independently but the new affiliation

will enable them to share resources, such as having a Swedish neurosurgeon treat a Providence patient from Everett.

Also, a blood conservation program that Providence pioneered in Everett could be shared with Swedish, helping patients heal more quickly while reduc-ing costs.

Western Washington Medical Group announced in November that it would add Marysville Family Medicine to its roster of medical specialties beginning Jan. 2, 2013. The Everett Clinic is form-ing a new alliance with Group Health Cooperative to expand its Snohomish County footprint.

The two organizations have worked together since 2010, offering such ser-vices as Group Health’s ClearCare Medicare Advantage health plan. The Everett Clinic and Group Health already exchange secure electronic med-ical records between their systems.

Considering the past years of major expenditures for facilities, staff and equipment and the increasing collabo-ration of long-time competitors, the intense pace of building and investment isn’t expected to continue at the same level, Cooper said. Much has already been put into place to change health-care delivery in Snohomish County.

Ultimately, the providers survive and grow and those who need medical care are finding it easier and faster than ever before, often at lower cost.


Jane Root, chief administrative offi cer for Skagit Regional Clinics, shows the features of one of 58 primary care rooms in the new Cascade Skagit Health Alliance clinic in Smokey Point.

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By Debra SmithHBJ Freelance Writer

EVERETT — Those who wish to expand or start a small business can still find credit in the local market, but it’s more difficult than before the 2008 financial meltdown.

It’s likely to get even tougher because of bank capital rules proposed by the Federal Reserve.

It’s no surprise that accessing credit has become far more difficult since the meltdown and subsequent recession. Especially hard to obtain are commer-cial and industrial loans, the type used to finance inventory and buy equipment. It’s also difficult for businesses to get a construction loan.

“There is credit available. It’s just the underwriting is tougher than it was five years ago,” said Mark Duffy, CEO and president of Mountain Pacific Bank in Everett.

The loss of small banks in Snohomish County is partly to blame, he said.

Community banks often are the go-to place for small businesses to get a loan because they’re generally more flexible than large banks. Since 2008, the num-ber of community banks countywide has dropped from 15 to six.

Large banks, of course, have advan-tages that smaller ones don’t, including the ability to make far bigger loans and to offer more products. Interest rates offered by larger banks can sometimes be lower.

Community banks often evaluate customers on more than credit scores and financial statements. Loan officers at community banks also consider soft factors — such as character and busi-ness relationships — that might make a small-business owner a better bet than they appear on paper.

Bank capital rules proposed by the Federal Reserve will likely make it more difficult for local businesses and indi-viduals to obtain credit and could even drive more community banks out of business, say some financial experts.

That would stifle smaller businesses, the lifeblood of the local economy.

The new federal rules enact an inter-national banking agreement known as

Basel III, named for the city in Switzer-land where it was negotiated. Inter-national regulators conceived Basel III to create a more resilient banking sector by strength-ening global capital and liquidity rules.

Regulators want to put a stop to laissez-faire lending practices by the mega banks that led to the global financial crisis in 2008. They want banks to rely more on equity than debt to fund themselves.

The international accord and the fed-eral proposal would require banks to maintain capital equal to 7 percent of their risk-bearing assets. That’s about

three times what’s required now. The rules would be phased in between 2013 and 2019.

In a comment letter to the Federal Reserve, the Independent Community Bankers of America asked regulators to exempt community banks from the pro-posed capital standards.

Applying the capital standards to community banks would shift the defi-nition of regulatory capital, minimum capital requirements and risk sensitivi-ties, representatives from the national organization wrote. The standards were “never intended to apply to a domestic community bank.”

They added that the proposals would significantly erode community bank profitability and credit availability and drive community banks out of business.

Requiring banks to have higher levels

of minimum capital on hand is a positive change, said Duffy, the CEO and presi-dent of Mountain Pacific Bank.

He objects to the one-size-fits-all approach to calculating the risk of loans. The rules are needlessly complicated for small banks, which generally don’t offer complex investment and loan products.

On some loans, the rules assign higher amounts of risk than before, which means a bank would have to hold onto more capital. That in turn limits the amount of money the bank can loan out.

Take a loan with a balloon feature. Mountain Pacific Bank doesn’t handle many mortgages, but when they do, they typically offer a fixed interest rate for the first five years. After five years,

Banking accord could hamper local lending


Glen Bayha, of Arlington, owner of Cascade Door and Hardware, poses in his offi ce in a building that was funded by a small-business loan from Mountain Pacifi c Bank in Everett.

Continued on Page 10

Everett banker sees trouble making loans to small businesses under Basel III

Mark Duffy

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By Debra SmithHBJ Freelance Writer

EVERETT — Those who wish to expand or start a small business can still find credit in the local market, but it’s more difficult than before the 2008 financial meltdown.

It’s likely to get even tougher because of bank capital rules proposed by the Federal Reserve.

It’s no surprise that accessing credit has become far more difficult since the meltdown and subsequent recession. Especially hard to obtain are commer-cial and industrial loans, the type used to finance inventory and buy equipment. It’s also difficult for businesses to get a construction loan.

“There is credit available. It’s just the underwriting is tougher than it was five years ago,” said Mark Duffy, CEO and president of Mountain Pacific Bank in Everett.

The loss of small banks in Snohomish County is partly to blame, he said.

Community banks often are the go-to place for small businesses to get a loan because they’re generally more flexible than large banks. Since 2008, the num-ber of community banks countywide has dropped from 15 to six.

Large banks, of course, have advan-tages that smaller ones don’t, including the ability to make far bigger loans and to offer more products. Interest rates offered by larger banks can sometimes be lower.

Community banks often evaluate customers on more than credit scores and financial statements. Loan officers at community banks also consider soft factors — such as character and busi-ness relationships — that might make a small-business owner a better bet than they appear on paper.

Bank capital rules proposed by the Federal Reserve will likely make it more difficult for local businesses and indi-viduals to obtain credit and could even drive more community banks out of business, say some financial experts.

That would stifle smaller businesses, the lifeblood of the local economy.

The new federal rules enact an inter-national banking agreement known as

Basel III, named for the city in Switzer-land where it was negotiated. Inter-national regulators conceived Basel III to create a more resilient banking sector by strength-ening global capital and liquidity rules.

Regulators want to put a stop to laissez-faire lending practices by the mega banks that led to the global financial crisis in 2008. They want banks to rely more on equity than debt to fund themselves.

The international accord and the fed-eral proposal would require banks to maintain capital equal to 7 percent of their risk-bearing assets. That’s about

three times what’s required now. The rules would be phased in between 2013 and 2019.

In a comment letter to the Federal Reserve, the Independent Community Bankers of America asked regulators to exempt community banks from the pro-posed capital standards.

Applying the capital standards to community banks would shift the defi-nition of regulatory capital, minimum capital requirements and risk sensitivi-ties, representatives from the national organization wrote. The standards were “never intended to apply to a domestic community bank.”

They added that the proposals would significantly erode community bank profitability and credit availability and drive community banks out of business.

Requiring banks to have higher levels

of minimum capital on hand is a positive change, said Duffy, the CEO and presi-dent of Mountain Pacific Bank.

He objects to the one-size-fits-all approach to calculating the risk of loans. The rules are needlessly complicated for small banks, which generally don’t offer complex investment and loan products.

On some loans, the rules assign higher amounts of risk than before, which means a bank would have to hold onto more capital. That in turn limits the amount of money the bank can loan out.

Take a loan with a balloon feature. Mountain Pacific Bank doesn’t handle many mortgages, but when they do, they typically offer a fixed interest rate for the first five years. After five years,

Banking accord could hamper local lending


Glen Bayha, of Arlington, owner of Cascade Door and Hardware, poses in his offi ce in a building that was funded by a small-business loan from Mountain Pacifi c Bank in Everett.


Everett banker sees trouble making loans to small businesses under Basel III

Mark Duffy

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FINANCE

the loan is repriced. This type of loan is given a much higher risk score under Basel III.

The new rules also change how capi-tal assets are calculated. Some assets that are now considered part of a bank’s capi-tal would not factor into the equation, which means small banks would be on the hook to raise even more capital they couldn’t loan.

Duffy estimates that the new require-ments will decrease Mountain Pacific’s lending capacity by $11 million annu-ally. That’s about 10 percent of the bank’s current outstanding loans.

His own bank, Mountain Pacific, got stuck with some troubled loans when the economy fell apart, causing the Federal Deposit Insurance Corp. to place a cease-and-desist order on lend-ing. FDIC has since lifted that order, after Mountain Bank raised $10.5 mil-lion in additional capital, increased liquidity and added to its loan-loss reserve fund.

The solution, Duffy said, is to let the regulators who directly oversee local banks calculate the lending risk for-mulas, not an international banking committee.


Cascade Door and Hardware occupies a huge, functional space outside of Arlington that was funded by a small-business loan from Mountain Pacifi c Bank three and a half years ago.


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FINANCE

the loan is repriced. This type of loan is given a much higher risk score under Basel III.

The new rules also change how capi-tal assets are calculated. Some assets that are now considered part of a bank’s capi-tal would not factor into the equation, which means small banks would be on the hook to raise even more capital they couldn’t loan.

Duffy estimates that the new require-ments will decrease Mountain Pacific’s lending capacity by $11 million annu-ally. That’s about 10 percent of the bank’s current outstanding loans.

His own bank, Mountain Pacific, got stuck with some troubled loans when the economy fell apart, causing the Federal Deposit Insurance Corp. to place a cease-and-desist order on lend-ing. FDIC has since lifted that order, after Mountain Bank raised $10.5 mil-lion in additional capital, increased liquidity and added to its loan-loss reserve fund.

The solution, Duffy said, is to let the regulators who directly oversee local banks calculate the lending risk for-mulas, not an international banking committee.


Cascade Door and Hardware occupies a huge, functional space outside of Arlington that was funded by a small-business loan from Mountain Pacifi c Bank three and a half years ago.


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1ST & 2ND MORTGAGES • PURCHASES • REFINANCING FIXED RATE HOME EQUITY LINES OF CREDIT • LOCAL LENDER

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FINANCE

BanksThe Bank of Washington

5901 196th St. SW, LynnwoodPresident and CEO: Bruce Clawson425-275-5600www.the-bank.com

Coastal Community Bank10520 19th Ave. SE, EverettPresident: Eric Sprink425-257-9000www.coastalbank.com

1st Security Bank of Washington6920 220th St. SW, Suite 300,

Mountlake TerraceCEO: Joe Adams425-771-5299 or 800-683-0973www.1stsecurityofwa.com

Mountain Pacific Bank3732 Broadway, EverettPresident: Mark A. Duffy425-263-3500www.mountainpacificbank.com

Pacific Crest Savings Bank 3500 188th St. SW, Suite 575,

LynnwoodPresident: Sheryl Nilson425-670-9600www.pacificcrestbank.com

UniBank16929 Highway 99, Suite 110,

LynnwoodCEO: Daniel Changyol Lee425-275-9700www.unibankusa.com

Credit unionsCommunity Healthcare Federal Credit Union

1503 Pacific Ave., Everett425-259-6446www.commhealthcu.org

Fluke Employees Credit Union9028 Evergreen Way, Everett425-446-5930

Snohomish County chartered banks and credit unionsMill Town Credit Union

2516 W. Marine View Drive, EverettManager: Laura Leuze425-252-5139800-819-9093www.milltowncu.org

MountainCrest Credit Union3710 168th St. NE, Suite A108,

ArlingtonCEO: Mark Morrison360-435-5400877-601-0000www.mountaincrestcu.com

Northwest Plus Credit Union2821 Hewitt Ave., EverettCEO: Douglas Bennett425-297-1000800-456-6481www.nwpluscu.com

SnoCope Credit Union3130 Rockefeller Ave., EverettCEO: Steve Ellis425-388-3481www.snocope.org

Source: Washington State Department of Financial Institutions, December 2012

Commercial banks (FDIC insured) Offi ces Total depositsCommercial banks as of June 30, 1990 76 $1,881,197,000Commercial banks as of June 30, 1991 80 $1,932,323,000Commercial banks as of June 30, 1992 79 $1,953,104,000Commercial banks as of June 30, 1993 80 $2,026,911,000Commercial banks as of June 30, 1994 86 $2,107,730,000Commercial banks as of June 30, 1995 91 $2,213,178,000Commercial banks as of June 30, 1996 94 $2,278,726,000Commercial banks as of June 30, 1997 97 $2,142,081,000Commercial banks as of June 30, 1998 95 $2,202,679,000Commercial banks as of June 30, 1999 97 $2,493,694,000Commercial banks as of June 30, 2000 100 $2,700,445,000Commercial banks as of June 30, 2001 103 $3,007,771,000Commercial banks as of June 30, 2002 107 $3,392,000,000Commercial banks as of June 30, 2003 113 $3,870,000,000Commercial banks as of June 30, 2004 109 $4,067,000,000Commercial banks as of June 30, 2005 130 $5,009,000,000Commercial banks as of June 30, 2006 141 $5,787,000,000Commercial banks as of June 30, 2007 145 $6,659,000,000Commercial banks as of June 30, 2008 148 $7,489,000,000Commercial banks as of June 30, 2009 174 $9,145,000,000Commercial banks as of June 30, 2010 169 $7,590,000,000Commercial banks as of June 30, 2011 173 $7,211,522,000

Savings institutions (FDIC insured) Offi ces Total depositsSavings institutions as of June 30, 1990 16 $494,041,000Savings institutions as of June 30, 1991 32 $998,784,000Savings institutions as of June 30, 1992 34 $1,077,481,000Savings institutions as of June 30, 1993 32 $1,030,470,000Savings institutions as of June 30, 1994 35 $997,975,000Savings institutions as of June 30, 1995 34 $983,304,000Savings institutions as of June 30, 1996 40 $1,194,564,000Savings institutions as of June 30, 1997 46 $1,607,633,000Savings institutions as of June 30, 1998 54 $1,701,950,000Savings institutions as of June 30, 1999 56 $1,808,881,000Savings institutions as of June 30, 2000 61 $1,871,721,000Savings institutions as of June 30, 2001 60 $2,044,936,000Savings institutions as of June 30, 2002 50 $2,033,000,000Savings institutions as of June 30, 2003 53 $2,214,000,000Savings institutions as of June 30, 2004 57 $2,365,000,000Savings institutions as of June 30, 2005 47 $2,229,000,000Savings institutions as of June 30, 2006 39 $2,289,000,000Savings institutions as of June 30, 2007 38 $2,196,000,000Savings institutions as of June 30, 2008 37 $2,213,000,000Savings institutions as of June 30, 2009 14 $967,000,000Savings institutions as of June 30, 2010 17 $1,253,000,000Savings institutions as of June 30, 2011 17 $819,937,000

Source: U.S. Census Bureau

Snohomish County commercial banks and savings, 1990-2011

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STATISTICAL SNAPSHOT

Change and rank, April 1, 2010, to April 1, 2012

Snohomish County unincorporated and incorporated population

2011 2012 % share % share % share Pop. chg. Pop. chg. 2010 OFM OFM Numeric Numeric Numeric Percent Percent Percent of state of state of state Rank by Rank by Rank by due to due to population, pop. pop. change, change, change, change, change, change, tot. pop. tot. pop. tot. pop. pop. pop. pop. annex. annex. U.S. Census estimate estimate ‘10-’11 ‘11-’12 ‘10-’12 ‘10-’11 ‘11-’12 ‘10-’12 ‘10-’11 ‘11-’12 ‘10-’12 2010 2011 2012 ‘10-’11 ‘11-’12Snohomish County 713,335 717,000 722,900 3,665 5,900 9,565 0.51 0.82 1.34 10.61 10.59 10.60 3 3 3 NA NAUnincorporated 302,292 304,435 308,445Incorporated 411,043 412,565 414,455Arlington 17,926 17,930 17,970 4 40 44 0.02 0.22 0.25 0.267 0.265 0.264 54 54 54 0 18Brier 6,087 6,100 6,155 13 55 68 0.21 0.90 1.12 0.091 0.090 0.090 109 109 109 0 0Bothell (inc. King Co.) 33,505 33,720 34,000 215 280 495 0.64 0.83 1.48 0.498 0.498 0.499 30 31 31 0 0Bothell (exc. King Co.) 16,415 16,570 16,720Darrington 1,347 1,345 1,345 -2 0 -2 -0.15 0.00 -0.15 0.020 0.020 0.020 183 185 185 0 0Edmonds 39,709 39,800 39,800 91 0 91 0.23 0.00 0.23 0.591 0.588 0.584 25 26 26 0 0Everett 103,019 103,100 103,300 81 200 281 0.08 0.19 0.27 1.532 1.523 1.515 6 7 7 0 0Gold Bar 2,075 2,060 2,060 -15 0 -15 -0.72 0.00 -0.72 0.031 0.030 0.030 160 160 161 0 0Granite Falls 3,364 3,370 3,380 6 10 16 0.18 0.30 0.48 0.050 0.050 0.050 132 133 133 0 0Index 178 180 180 2 0 2 1.12 0.00 1.12 0.003 0.003 0.003 273 272 272 0 0Lake Stevens 28,069 28,210 28,510 141 300 441 0.50 1.06 1.57 0.417 0.417 0.418 39 39 39 0 0Lynnwood 35,836 35,860 35,900 24 40 64 0.07 0.11 0.18 0.533 0.530 0.527 29 30 30 0 0Marysville 60,020 60,660 61,360 640 700 1,340 1.07 1.15 2.23 0.893 0.896 0.900 15 16 17 0 0Mill Creek 18,244 18,370 18,450 126 80 206 0.69 0.44 1.13 0.271 0.271 0.271 52 52 52 0 0Monroe 17,304 17,330 17,390 26 60 86 0.15 0.35 0.50 0.257 0.256 0.255 59 59 59 0 21Mountlake Terrace 19,909 19,990 20,090 81 100 181 0.41 0.50 0.91 0.296 0.295 0.295 48 48 48 0 0Mukilteo 20,254 20,310 20,360 56 50 106 0.28 0.25 0.52 0.301 0.300 0.299 47 47 47 0 0Snohomish 9,098 9,200 9,215 102 15 117 1.12 0.16 1.29 0.135 0.136 0.135 85 84 84 0 0Stanwood 6,231 6,220 6,300 -11 80 69 -0.18 1.29 1.11 0.093 0.092 0.092 107 107 108 0 0Sultan 4,651 4,655 4,660 4 5 9 0.09 0.11 0.19 0.069 0.069 0.068 122 123 123 0 0Woodway 1,307 1,305 1,310 -2 5 3 -0.15 0.38 0.23 0.019 0.019 0.019 187 187 187 0 0

Source: Washington State Offi ce of Financial Management, Forecasting Division. November 2012

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By Jerry Cornfi eldHerald Writer

OLYMPIA — Washington State Uni-versity wants an infusion of state dollars in 2013 to add courses and teach more students in Everett.

WSU is seeking $2 million to offer bachelor’s degrees in electrical engineer-ing, communications and hospitality-business management through the Uni-versity Center of North Puget Sound on the campus of Everett Community College.

If the money materializes, WSU could greatly expand its presence on the cam-pus where it launched a mechanical engi-neering program in September.

“We’re still in the infancy of what we’re hoping to do there. We think this represents a meaningful expansion of the center,” said Chris Mulick, director of

state relations for WSU.University officials wrote the $2 mil-

lion into the school’s 2013-15 budget request they sent to Gov. Chris Gre-goire in October. Gregoire will consider whether to fund it in her final budget proposal to lawmakers in December.

Final action won’t be taken until the spring when the next Legislature and incoming Gov. Jay Inslee act on a budget.

“We certainly think it’s doable,” said Mulick, noting he’s outlined the univer-sity’s request to lawmakers serving Sno-homish, Island and Skagit counties.

Gretchen Rowe, University Center’s associate dean, is hopeful it works out.

“The University Center is all about increasing baccalaureate degree offer-ings to the Everett Community College students and the folks in our region,” she said.

WSU chose programs it perceived would best serve the needs of the north Puget Sound region and gain the univer-sity a higher profile in the community.

With electrical engineering, there is a very clear demand, Mulick said.

The hospitality-business management program began in 1932 and is the third oldest of its kind in the nation. It pro-duces graduates who manage hotels and tourist destinations, he said.

Leaders of the Tulalip Tribes, which owns a casino and resort hotel a few miles north of the Everett campus, expressed interest in WSU bringing their program to Everett, he said.

Finally, WSU is looking to offer an integrated communications degree through its renowned Edward R. Mur-row College of Communication.

“It gives us a chance to bring a signa-ture WSU program to Everett,” Mulick said.

From the University Center’s perspec-tive, “communication has always been a degree we’ve wanted to bring here,” Rowe said.

WSU envisions enrolling 20 third-year students in each program for the 2013 school year. In 2014, and every year after, there would be 20 fourth-year students and 20 third-year students for a total of 40 in each program and 120 in total each year. Adding the mechanical engineer-

ing students, WSU, by 2015, would have 180 students enrolled in the University Center — a collaboration of WSU, Uni-versity of Washington-Bothell, Western Washington University, Central Wash-ington University, Eastern Washington University, The Evergreen State Col-lege, St. Martin’s University and Hope International University — providing bachelor’s and master’s degree courses.

A 2011 state law prescribes a path for EvCC to hand over administration of the center to WSU by mid-2014.

In the meantime, if WSU secures funds for the additional offerings, it will almost certainly renew talk of establishing a full WSU branch campus in Everett.

Mulick said that is a whole different conversation.

“There are a series of very specific steps to creating a branch campus,” Mulick said. “We’re focused on this expansion of the University Center and additional expansions of the center in years to come.”

Jerry Cornfi eld: 360-352-8623; jcornfi [email protected].

WSU wants $2M to expand its EvCC degreesElectrical engineering, communications and hospitality would be new

0001803102-01

Advertising 2013

www.TheHeraldBusinessJournal.com

Contact Susan Bonasera, Advertising Manager [email protected] 00

0180

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By Jerry Cornfi eldHerald Writer

OLYMPIA — Washington State Uni-versity wants an infusion of state dollars in 2013 to add courses and teach more students in Everett.

WSU is seeking $2 million to offer bachelor’s degrees in electrical engineer-ing, communications and hospitality-business management through the Uni-versity Center of North Puget Sound on the campus of Everett Community College.

If the money materializes, WSU could greatly expand its presence on the cam-pus where it launched a mechanical engi-neering program in September.

“We’re still in the infancy of what we’re hoping to do there. We think this represents a meaningful expansion of the center,” said Chris Mulick, director of

state relations for WSU.University officials wrote the $2 mil-

lion into the school’s 2013-15 budget request they sent to Gov. Chris Gre-goire in October. Gregoire will consider whether to fund it in her final budget proposal to lawmakers in December.

Final action won’t be taken until the spring when the next Legislature and incoming Gov. Jay Inslee act on a budget.

“We certainly think it’s doable,” said Mulick, noting he’s outlined the univer-sity’s request to lawmakers serving Sno-homish, Island and Skagit counties.

Gretchen Rowe, University Center’s associate dean, is hopeful it works out.

“The University Center is all about increasing baccalaureate degree offer-ings to the Everett Community College students and the folks in our region,” she said.

WSU chose programs it perceived would best serve the needs of the north Puget Sound region and gain the univer-sity a higher profile in the community.

With electrical engineering, there is a very clear demand, Mulick said.

The hospitality-business management program began in 1932 and is the third oldest of its kind in the nation. It pro-duces graduates who manage hotels and tourist destinations, he said.

Leaders of the Tulalip Tribes, which owns a casino and resort hotel a few miles north of the Everett campus, expressed interest in WSU bringing their program to Everett, he said.

Finally, WSU is looking to offer an integrated communications degree through its renowned Edward R. Mur-row College of Communication.

“It gives us a chance to bring a signa-ture WSU program to Everett,” Mulick said.

From the University Center’s perspec-tive, “communication has always been a degree we’ve wanted to bring here,” Rowe said.

WSU envisions enrolling 20 third-year students in each program for the 2013 school year. In 2014, and every year after, there would be 20 fourth-year students and 20 third-year students for a total of 40 in each program and 120 in total each year. Adding the mechanical engineer-

ing students, WSU, by 2015, would have 180 students enrolled in the University Center — a collaboration of WSU, Uni-versity of Washington-Bothell, Western Washington University, Central Wash-ington University, Eastern Washington University, The Evergreen State Col-lege, St. Martin’s University and Hope International University — providing bachelor’s and master’s degree courses.

A 2011 state law prescribes a path for EvCC to hand over administration of the center to WSU by mid-2014.

In the meantime, if WSU secures funds for the additional offerings, it will almost certainly renew talk of establishing a full WSU branch campus in Everett.

Mulick said that is a whole different conversation.

“There are a series of very specific steps to creating a branch campus,” Mulick said. “We’re focused on this expansion of the University Center and additional expansions of the center in years to come.”

Jerry Cornfi eld: 360-352-8623; jcornfi [email protected].

WSU wants $2M to expand its EvCC degreesElectrical engineering, communications and hospitality would be new

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HBJ staff

Snohomish County has numerous educational institutions offering a wide array of choices in degree programs.

Edmonds Community College, Lynnwood

Website: www.edcc.eduTwo-year associate and transfer degreesSpecialized offerings: materials sci-

ence technology; aerospace mechanical-electrical-composites assembly; CATIA 3-D design, aerospace emphasis; ener-gy-construction management; medical device certificate; fire officer.

Everett Community College, Everett

Website: www.everettcc.eduTwo-year associate and transfer degreesSpecialized offerings: airframe and

powerplant FAA Part 147; compos-ites; medical technology; nursing (jointly with University of Washing-ton); precision machining; welding and fabrication.

Cascadia Community College, Bothell

Website: www.cascadia.eduTwo-year associate and transfer degreesSpecialized offerings: information

technology; energy management-solar photovoltaics; health care; environmen-tal technologies-sustainability.

Central Washington University (branch at EdCC), Lynnwood

Website: www.cwu.edu/lynnwoodBA degrees, Secondary Mathemat-

ics Teaching Certificate, Supply Chain Management Institute.

CityUniversity of Seattle, Everett

Website: www.cityu.edu

Columbia College, Marysville

Website: www.ccis.edu/nationwide/main.asp?marysville

AA, BA, MA degrees targeted to mili-tary personnel.

DeVry University, Lynnwood

Website: www.devry.edu/locations/campuses/loc_lynnwood.jsp

Embry-Riddle Aeronautical University, Everett

Website: www.erau.eduAS, BS, MS degrees

University Center of North Puget Sound, Everett

Website: www.uceverett.orgPartnership with Washington State

Univ., Western Washington Univ., Cen-tral Washington Univ., Eastern Washing-ton Univ., Univ. of Washington-Bothell, The Evergreen State College, St. Mar-tin’s Univ. and Hope International Univ. to offer bachelor degrees at EvCC.

University of Phoenix, Lynnwood

Website: www.phoenix.edu

Western Washington University (branch at EvCC), Everett

Website: www.wwu.eduBA, Human Services

University of Washington

Website: www.washington.eduBA, BS, MA, MS, PhD degreesThe UW is the state’s leading research

university and has a world-class aca-demic medical center.

UW-Bothell

Website: www.uwb.eduBA, BS, MA, MS degrees

ITT Technical Institute, Everett

Website: www.itt-tech.edu

Lake Washington Institute of Technology, Kirkland

Website: www.lwtech.eduOffers two- and four-year degrees.

Washington Aerospace Training and Research Center, Everett

Website: www.washingtonaerospace.comMechanical, electrical, composite

assembly certificates for aerospace.

Sno-Isle TECH Skills Center, Everett

Website: www.snoisletech.comPublic school offering technical train-

ing for high school students.

Public or private, county’s colleges offer plenty of options

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By Christina HarperHBJ Freelance Writer

EVERETT — Throughout the last few years of the 2008 recession, many Snohomish County businesses have been forced to close their doors. Staff have been laid off, machines ground to a halt, and all that’s left in some cases are empty rooms or factory floors where the ghosts of people who worked hard to make a living still linger.

But there are some companies that managed to keep their business running when times were difficult. And now that the economy is looking up, the tough

stance some businesses took is now pay-ing off.

“Over the years we’ve weathered the storm,” said Melissa Benton, director of client services at Quantum Windows and Doors Inc.

Quantum is an Everett business that is now reaping the benefits of the hard decisions made by staff in the wake of the 2008 economic downturn.

At its height, the manufacturer of high-end windows and doors employed 120 workers. That number has been

MANUFACTURING

Quantum weathers economic stormPHOTOS BY ANNIE MULLIGAN / FOR HBJ

A look into the production rooms at Quantum Doors and Windows in Everett.

The management team at Quantum Doors and Windows includes (from left) Paul Humphreys, Jeff Quillen, Tim Kummer and Melissa Benton.

Quantum Windows and Doors Inc.2720 34th St.Everett, WA 98201www.quantumwindows.com

LEARN MORENew leadership builds on manufacturer’s successful formula

lower than the approximately 50 there today. Quantum had to let go good workers throughout the work drought as the housing market went through a severe contraction.

“We have highly trained, highly skilled staff continuing to produce high-end work,” Benton said. “We were let-ting go good core people.”

Now, Quantum has quoted and bid-ded more work in the past year than at any other time during Benton’s almost 10-year tenure.

“There’s an upward swing,” she said.The strengthening economy and

more positive figures in the housing market means for some companies like Quantum that they can rehire some employees. A few Quantum workers, including one due to start shortly before Christmas, have returned to their for-mer employer and are once again help-ing to create quality product for homes, businesses and other buildings through-out the U.S. and Canada.

Quantum opened its doors in 1981 when two men, Paul Vexler and Herb Hulse, were looking for local sources to supply windows and doors for their con-struction business.

The product, windows and doors made of mahogany, Douglas fir, teak, oak and other woods, is made to an architect’s or customer’s specifications in Everett. Milling the wood, assembly, painting and staining and glass installa-tion are all done at the workshop. Some oversized window projects require that glass be installed on site because of weight.

Many custom homes fitted with Quantum doors or windows are those costing up to $5 million. But that’s not always the case. The company’s well-engineered products are used in smaller homes and business buildings.

Other changes at Quantum have included management personnel with new president John Humphreys coming on board in July and doubling his duties in a sales director role. He says that what has partly kept the company going and able to keep its doors open could be due to its longevity.

“The bottom line is the company has been around for 30 years,” Humphreys said.

The Everett business has focused on higher end architecture and continues to build a strong reputation in and around the U.S.

“Our clients are intimate with who we are,” Humphreys said.

During the last two years, Quantum has been hiring new sales people. The company has also increased business in British Columbia, California and Hawaii.

Quantum’s core product lines, its

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This closeup shows the tight grain and careful milling details in a wood plank at Quantum Windows and Doors.

Classic and Signature window and door systems, can be found in upscale resorts and Pike Place Market among other installations. While Quantum can design and engineer one front door, the likelihood is that the company will make all doors for a customer’s home.

Variation on design is a key feature, Humphreys said.

Quantum earned the Energy Star award last year and clients, particularly with large glazing projects, can rely on the benefit of reduced energy costs.

Staff works with clients near and far, some in challenging areas, when it comes to doors and windows. From the Pacific Northwest to other shoreline climates where salt affects doors and windows, to high altitudes exposed to desert heat and ultraviolet light, they find solutions. Products are made to the highest standard, crafts-manship and quality and are tested in independent labs.

“Our products weather very well,” Humphreys said.

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EVERETT — Throughout the last few years of the 2008 recession, many Snohomish County businesses have been forced to close their doors. Staff have been laid off, machines ground to a halt, and all that’s left in some cases are empty rooms or factory floors where the ghosts of people who worked hard to make a living still linger.

But there are some companies that managed to keep their business running when times were difficult. And now that the economy is looking up, the tough

stance some businesses took is now pay-ing off.

“Over the years we’ve weathered the storm,” said Melissa Benton, director of client services at Quantum Windows and Doors Inc.

Quantum is an Everett business that is now reaping the benefits of the hard decisions made by staff in the wake of the 2008 economic downturn.

At its height, the manufacturer of high-end windows and doors employed 120 workers. That number has been

MANUFACTURING

Quantum weathers economic stormPHOTOS BY ANNIE MULLIGAN / FOR HBJ

A look into the production rooms at Quantum Doors and Windows in Everett.

The management team at Quantum Doors and Windows includes (from left) Paul Humphreys, Jeff Quillen, Tim Kummer and Melissa Benton.

Quantum Windows and Doors Inc.2720 34th St.Everett, WA 98201www.quantumwindows.com

LEARN MORENew leadership builds on manufacturer’s successful formula

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Year Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec. Annual HALF1 HALF21982 97.1 96.2 98.8 97.3 99.1 97.6 97.7 1983 97.6 97.7 98.7 99.7 100.5 100.7 99.3 1984 101.3 101.8 102.7 103.1 103.8 104.4 103.0 102.1 103.91985 104.8 105.4 105.3 105.6 105.6 106.3 105.6 105.2 106.01986 107.3 106.6 106.1 106.2 107.0 106.9 106.8 106.7 106.6 106.71987 109.2 108.2 110.31988 112.8 111.9 113.81989 118.1 116.7 119.61990 126.8 124.2 129.41991 134.1 133.0 135.21992 139.0 137.8 140.21993 142.9 141.9 143.91994 147.8 146.4 149.21995 152.3 151.2 153.31996 157.5 155.6 159.41997 165.0 163.0 161.9 164.11998 166.5 166.4 167.5 168.5 169.3 169.4 167.7 166.6 168.91999 170.6 172.2 172.7 173.4 174.7 174.4 172.8 171.6 174.02000 176.1 177.8 179.2 180.3 182.1 181.5 179.2 177.3 181.12001 184.0 184.2 186.3 186.8 187.9 186.1 185.7 184.4 186.92002 187.6 188.8 189.4 190.3 190.9 190.0 189.3 188.3 190.32003 191.3 192.3 191.7 194.4 193.7 191.0 192.3 191.6 193.12004 193.5 194.3 195.3 194.6 196.5 195.1 194.7 194.0 195.42005 197.6 201.3 199.8 199.9 203.3 200.9 200.2 199.2 201.32006 203.6 207.4 208.2 209.6 209.8 209.3 207.6 205.8 209.52007 211.704 215.767 215.510 215.978 218.427 218.966 215.656 213.810 217.5022008 221.728 223.196 228.068 227.745 225.915 222.580 224.719 223.569 225.8692009 224.737 225.918 227.257 227.138 226.277 225.596 226.028 225.580 226.4752010 226.085 226.513 226.118 227.645 227.251 226.862 226.693 226.195 227.1902011 229.482 231.314 233.250 233.810 235.916 234.812 232.765 230.815 234.7152012 235.744 237.931 239.540 240.213 241.355 237.344

Note: 1982-84=100. Only semiannual CPI statistics were compiled between December 1986 and December 1997. Source: U.S. Bureau of Labor Statistics, November 2012

Consumer Price Index, 1982-2012, Seattle-Tacoma-Bremerton area

0001803343-01

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Year Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec. Annual HALF1 HALF21982 97.1 96.2 98.8 97.3 99.1 97.6 97.7 1983 97.6 97.7 98.7 99.7 100.5 100.7 99.3 1984 101.3 101.8 102.7 103.1 103.8 104.4 103.0 102.1 103.91985 104.8 105.4 105.3 105.6 105.6 106.3 105.6 105.2 106.01986 107.3 106.6 106.1 106.2 107.0 106.9 106.8 106.7 106.6 106.71987 109.2 108.2 110.31988 112.8 111.9 113.81989 118.1 116.7 119.61990 126.8 124.2 129.41991 134.1 133.0 135.21992 139.0 137.8 140.21993 142.9 141.9 143.91994 147.8 146.4 149.21995 152.3 151.2 153.31996 157.5 155.6 159.41997 165.0 163.0 161.9 164.11998 166.5 166.4 167.5 168.5 169.3 169.4 167.7 166.6 168.91999 170.6 172.2 172.7 173.4 174.7 174.4 172.8 171.6 174.02000 176.1 177.8 179.2 180.3 182.1 181.5 179.2 177.3 181.12001 184.0 184.2 186.3 186.8 187.9 186.1 185.7 184.4 186.92002 187.6 188.8 189.4 190.3 190.9 190.0 189.3 188.3 190.32003 191.3 192.3 191.7 194.4 193.7 191.0 192.3 191.6 193.12004 193.5 194.3 195.3 194.6 196.5 195.1 194.7 194.0 195.42005 197.6 201.3 199.8 199.9 203.3 200.9 200.2 199.2 201.32006 203.6 207.4 208.2 209.6 209.8 209.3 207.6 205.8 209.52007 211.704 215.767 215.510 215.978 218.427 218.966 215.656 213.810 217.5022008 221.728 223.196 228.068 227.745 225.915 222.580 224.719 223.569 225.8692009 224.737 225.918 227.257 227.138 226.277 225.596 226.028 225.580 226.4752010 226.085 226.513 226.118 227.645 227.251 226.862 226.693 226.195 227.1902011 229.482 231.314 233.250 233.810 235.916 234.812 232.765 230.815 234.7152012 235.744 237.931 239.540 240.213 241.355 237.344

Note: 1982-84=100. Only semiannual CPI statistics were compiled between December 1986 and December 1997. Source: U.S. Bureau of Labor Statistics, November 2012

Consumer Price Index, 1982-2012, Seattle-Tacoma-Bremerton area

0001

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MANUFACTURING

By M.L. DehmHBJ Freelance Writer

MARYSVILLE — Rainy, gray West-ern Washington may seem an odd loca-tion for a solar energy business. But one of the top manufacturers of world-class solar photovoltaic (PV) modules is actu-ally headquartered in a business park in Marysville.

Silicon Energy was the first solar module manufacturer in Washington state. The company stands out among the competition for offering customers an almost-unheard-of 30-year power warranty on its systems.

“We’re one of the best in the world at doing this and we’re very proud of that,” said Silicon Energy President Gary Shaver.

That’s not always the case in an indus-try that’s booming due to the growing number of federal and state incentives for consumer installation and the ready availability of cheap solar panels from China. Solar companies have popped up all over the U.S. ready to become Silicon Energy’s competition.

But that competition doesn’t worry Shaver at all. He knows that the high quality of his company’s products and the fact that their materials are almost all locally sourced swings the balance in his company’s favor.

Local sourcing is important to Shaver. “We’re not anti-Chinese. We just want

to take care of our village,” he said. “We look very hard for local manufacturers. If we can’t get a local manufacturer, we look for a distributor in Washington.”

The metal on the units is fabricated in Seattle. It’s powder coated in Arlington and the actual construction occurs in Marysville.

The difference between Silicon Ener-gy’s panels and other solar panels is clear even to the untrained eye, which is why the company welcomes visitors to its showroom. Customers are able to com-pare competing products side by side.

Solar cells are extremely fragile and require sturdy encasement to prevent damage. The Silicon Energy modules are solid and resist movement. The competition’s panels show some give, suggesting that the solar cells inside maybe easily damaged under high wind or pressure.

Silicon Energy’s panels feature a dou-ble-glass construction. “It gives us amaz-ing durability,” Shaver said. The glass panels are hermetically sealed against moisture. Moisture damage is the most common reason for solar panel failure.

In testing conducted by the U.S.

Department of Energy’s National Renewable Energy Laboratory, Silicon Energy’s modules proved to be the most durable modules tested. The laboratory put them through a simulated 80-year performance test and noted no measur-able performance loss. Some of the com-petition exhibited hot spotting and dead zones after a simulated 18 years.

“In almost four years now, we’re less than one percent failure rate in the field,” Shaver said.

Another feature unique to Silicon Energy is the frame design. Their Cas-cade model is essentially frameless. Water, snow or ice can easily slip off and there is no place for moss to gain a foot-hold between the frame and glass.

The sleek appearance of the mod-ules, their ability to allow light to pass through along with the option to custom color the hardware means consumers have a lot more flexibility as to where they install their modules.

In addition to traditional roof instal-lations, the modules can be ground mounted or used as patio covers, on car-ports or on boat docks. The Woodland Park Zoo in Seattle incorporated them as a design feature in the roof of the car-ousel cover.

Wiring for the modules is routed inside the mounting hardware, not only for appearance but also for safety. Enclosed wiring prevents squirrel or rodent damage and reduces the hazard of electrical shock for those working around the system.

Safety is another focus for Silicon Energy. Nothing leaves the facility that hasn’t been tested and the modules have earned a high fire safety rating.

“We have the highest safety rating in the industry,” Shaver said.

Conscious of both safety and envi-ronmental impact, the company also ensures workers at the Marysville plant are exposed to no chemicals stronger

than isopropyl alcohol, Shaver said. Water used to clean the modules has to be ultra cleaned itself prior to use in order to ensure a perfect hermetic seal. This means that water leaving the facil-ity may actually be cleaner than it was when it came in.

Consumers in the Pacific Northwest are known for being environmentally conscious. In 2008, Seattle was named a Solar America City for its large number of solar installations. Despite the amount of rain received, the state actually receives more sunlight per year than Germany, the world’s solar energy leader.

With these statistics in mind, it’s not surprising that Washington should become home to a leading solar power manufacturer.

“And we’re not done yet,” Shaver said. “We’re just going to continue to march onwards and upwards.”

Learn more information about Silicon Energy at www.silicon-energy.com.

Silicon Energy marches into a bright future

M.L. DEHM / FOR HBJ

Gary Shaver, president of Silicon Energy, points out features that have made their photovoltaic solar modules unique in the industry. Because of their track record in the fi eld and outstanding results in independent laboratory tests, Silicon Energy offers a 30-year guarantee on their panels.

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Year Personal income Population 1 Per capita income 2

1969 $1,030,870,000 262,756 $3,9231970 $1,042,319,000 265,442 $3,9271971 $1,043,460,000 267,945 $3,8941972 $1,104,942,000 262,648 $4,2071973 $1,243,997,000 266,082 $4,6751974 $1,635,140,000 265,883 $5,3151975 $1,635,140,000 273,486 $5,9791976 $1,864,739,000 279,239 $6,6781977 $2,122,837,000 286,965 $7,3981978 $2,584,341,000 303,351 $8,5191979 $3,201,251,000 323,357 $9,9001980 $3,714,885,000 340,545 $10,9091981 $4,144,026,000 351,169 $11,8011982 $4,380,490,000 356,563 $12,2851983 $4,584,880,000 359,921 $12,7391984 $4,975,619,000 368,105 $13,5171985 $5,411,034,000 377,091 $14,3491986 $5,937,863,000 388,967 $15,2661987 $6,434,889,000 404,871 $15,8941988 $7,176,750,000 425,190 $16,8791989 $8,171,352,000 446,325 $18,3081990 $8,978,961,000 471,080 $19,0601991 $9,651,158,000 484,450 $19,9221992 $10,455,543,000 500,283 $20,8991993 $10,978,012,000 513,959 $21,3601994 $11,692,077,000 523,911 $22,3171995 $12,383,384,000 533,870 $23,1961996 $13,578,519,000 545,612 $24,8871997 $15,356,792,000 568,184 $27,0281998 $16,512,113,000 587,350 $28,1131999 $17,359,636,000 597,931 $29,0332000 $18,893,772,000 609,185 $31,0152001 $19,826,949,000 622,390 $31,8562002 $20,136,581,000 631,526 $31,8862003 $20,627,988,000 635,612 $32,4542004 $21,632,182,000 643,533 $33,6152005 $23,200,836,000 654,849 $35,4292006 $25,578,064,000 670,706 $38,1362007 $28,328,071,000 683,997 $41,4152008 $30,427,333,000 694,622 $43,8042009 $29,482,068,000 706,302 $41,7412010 $29,858,602,000 715,358 $41,7392011 $31,266,357,000 722,400 $43,281

1: Census Bureau midyear population estimates. Estimates for 2000-2011 refl ect county population estimates available as of April 2012.

2: Per capita personal income was computed using Census Bureau midyear population esti-mates. Estimates for 2000-2011 refl ect county population estimates available as of April 2012.

Note: All state and local area dollar estimates are in current dollars (not adjusted for infl a-tion). New estimates for 2011; revised estimates for 2009-2010. Last updated Nov. 26, 2012.

Source: U.S. Bureau of Labor Statistics, Bureau of Economic Analysis. November 2012

Snohomish County per capita income, 1969-2011

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MANUFACTURING


MARYSVILLE — Rainy, gray West-ern Washington may seem an odd loca-tion for a solar energy business. But one of the top manufacturers of world-class solar photovoltaic (PV) modules is actu-ally headquartered in a business park in Marysville.

Silicon Energy was the first solar module manufacturer in Washington state. The company stands out among the competition for offering customers an almost-unheard-of 30-year power warranty on its systems.

“We’re one of the best in the world at doing this and we’re very proud of that,” said Silicon Energy President Gary Shaver.

That’s not always the case in an indus-try that’s booming due to the growing number of federal and state incentives for consumer installation and the ready availability of cheap solar panels from China. Solar companies have popped up all over the U.S. ready to become Silicon Energy’s competition.

But that competition doesn’t worry Shaver at all. He knows that the high quality of his company’s products and the fact that their materials are almost all locally sourced swings the balance in his company’s favor.

Local sourcing is important to Shaver. “We’re not anti-Chinese. We just want

to take care of our village,” he said. “We look very hard for local manufacturers. If we can’t get a local manufacturer, we look for a distributor in Washington.”

The metal on the units is fabricated in Seattle. It’s powder coated in Arlington and the actual construction occurs in Marysville.

The difference between Silicon Ener-gy’s panels and other solar panels is clear even to the untrained eye, which is why the company welcomes visitors to its showroom. Customers are able to com-pare competing products side by side.

Solar cells are extremely fragile and require sturdy encasement to prevent damage. The Silicon Energy modules are solid and resist movement. The competition’s panels show some give, suggesting that the solar cells inside maybe easily damaged under high wind or pressure.

Silicon Energy’s panels feature a dou-ble-glass construction. “It gives us amaz-ing durability,” Shaver said. The glass panels are hermetically sealed against moisture. Moisture damage is the most common reason for solar panel failure.

In testing conducted by the U.S.

Department of Energy’s National Renewable Energy Laboratory, Silicon Energy’s modules proved to be the most durable modules tested. The laboratory put them through a simulated 80-year performance test and noted no measur-able performance loss. Some of the com-petition exhibited hot spotting and dead zones after a simulated 18 years.

“In almost four years now, we’re less than one percent failure rate in the field,” Shaver said.

Another feature unique to Silicon Energy is the frame design. Their Cas-cade model is essentially frameless. Water, snow or ice can easily slip off and there is no place for moss to gain a foot-hold between the frame and glass.

The sleek appearance of the mod-ules, their ability to allow light to pass through along with the option to custom color the hardware means consumers have a lot more flexibility as to where they install their modules.

In addition to traditional roof instal-lations, the modules can be ground mounted or used as patio covers, on car-ports or on boat docks. The Woodland Park Zoo in Seattle incorporated them as a design feature in the roof of the car-ousel cover.

Wiring for the modules is routed inside the mounting hardware, not only for appearance but also for safety. Enclosed wiring prevents squirrel or rodent damage and reduces the hazard of electrical shock for those working around the system.

Safety is another focus for Silicon Energy. Nothing leaves the facility that hasn’t been tested and the modules have earned a high fire safety rating.

“We have the highest safety rating in the industry,” Shaver said.

Conscious of both safety and envi-ronmental impact, the company also ensures workers at the Marysville plant are exposed to no chemicals stronger

than isopropyl alcohol, Shaver said. Water used to clean the modules has to be ultra cleaned itself prior to use in order to ensure a perfect hermetic seal. This means that water leaving the facil-ity may actually be cleaner than it was when it came in.

Consumers in the Pacific Northwest are known for being environmentally conscious. In 2008, Seattle was named a Solar America City for its large number of solar installations. Despite the amount of rain received, the state actually receives more sunlight per year than Germany, the world’s solar energy leader.

With these statistics in mind, it’s not surprising that Washington should become home to a leading solar power manufacturer.

“And we’re not done yet,” Shaver said. “We’re just going to continue to march onwards and upwards.”

Learn more information about Silicon Energy at www.silicon-energy.com.

Silicon Energy marches into a bright future

M.L. DEHM / FOR HBJ

Gary Shaver, president of Silicon Energy, points out features that have made their photovoltaic solar modules unique in the industry. Because of their track record in the fi eld and outstanding results in independent laboratory tests, Silicon Energy offers a 30-year guarantee on their panels.

0001803318-01

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Snohomish County unincorporated area only YTD YTD unit YTD percent2012 Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec. total change changeSF 81 95 112 125 125 130 127 119 107 1,021 NA NADUP (units) 4 0 0 2 2 10 13 4 0 35 NA NAMF (units) 12 0 372 36 0 4 8 145 341 918 NA NAMH 2 0 4 3 0 1 1 0 2 13 NA NAADU 1 0 0 1 1 0 2 2 1 8 NA NAOther 0 1 2 0 0 2 4 6 3 18 NA NATOTAL 100 96 490 167 128 147 155 276 454 2,013 NA NA

2011SF 97 100 108 89 83 131 69 124 105 91 100 92 1,189 79 7%DUP (units) 6 0 8 8 4 2 6 2 2 2 4 0 44 -16 -27%MF (units) 0 8 0 175 8 21 40 4 0 0 4 88 348 212 156%MH 1 1 2 6 3 3 1 2 2 2 2 0 25 6 32%ADU 3 0 2 0 0 4 1 0 3 1 1 2 17 13 325%Other 0 0 0 0 0 0 0 0 1 1 1 2 5 5 NATOTAL 107 109 120 278 98 161 117 132 113 97 112 184 1,628 299 22%

2010SF 146 107 132 95 60 95 82 54 73 104 79 83 1,110 -58 -5%DUP (units) 2 14 0 14 0 0 0 14 16 0 0 0 60 -46 -43%MF (units) 0 4 0 11 0 0 0 15 5 97 4 0 136 73 116%MH 1 2 0 2 2 3 2 2 2 0 1 2 19 -10 -34%ADU 0 0 0 0 0 0 1 0 0 0 2 1 4 -1 -20%Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NATOTAL 149 127 132 122 62 98 85 85 96 201 86 86 1,329 -42 -3%

2009SF 62 43 51 79 102 114 124 73 125 160 99 136 1,168 -22 -2%DUP (units) 4 2 8 0 10 12 2 36 6 10 14 2 106 -4 -4%MF (units) 11 0 11 13 16 0 0 0 0 0 8 4 63 -101 -62%MH 1 3 0 2 3 0 4 2 5 3 3 3 29 -25 -46%ADU 1 0 0 0 1 2 1 0 0 0 0 0 5 -9 -64%Other 0 0 0 0 0 0 0 0 0 0 0 0 0 -1 -100%TOTAL 79 48 70 94 132 128 131 111 136 173 124 145 1,371 -162 -11%

2008SF 148 127 155 136 88 99 100 113 67 70 46 41 1,190 -1,300 -52%DUP (units) 12 14 4 10 4 4 2 14 6 10 16 14 110 -28 -20%MF (units) 32 7 8 7 24 75 0 4 7 0 0 0 164 -169 -51%MH 2 4 5 2 5 7 8 4 6 0 7 4 54 -8 -13%ADU 1 0 1 1 2 2 3 0 1 2 1 0 14 2 17%Other 0 0 0 0 0 0 0 0 0 0 0 1 1 -1 -50%TOTAL 195 152 173 156 123 187 113 135 87 82 70 60 1,533 -1,504 -50%

2007SF 254 239 312 311 276 286 226 153 95 121 130 87 2,490 -773 -24%DUP (units) 12 2 22 6 10 8 16 14 10 28 0 10 138 -22 -14%MF (units) 6 0 36 16 22 9 24 148 29 24 13 6 333 103 45%MH 5 4 8 5 3 5 6 9 3 4 7 3 62 -16 -21%ADU 0 1 0 2 0 0 0 1 5 1 1 1 12 0 0%Other 0 0 1 0 1 0 0 0 0 0 0 0 2 2 NATOTAL 277 246 379 340 312 308 272 325 142 178 151 107 3,037 -706 -19%

2006SF 265 302 343 267 340 328 279 289 231 247 166 206 3,263 -644 -16%DUP (units) 12 20 14 4 12 20 14 20 12 18 0 14 160 18 13%MF (units) 0 0 0 32 0 0 0 0 5 169 0 24 230 98 74%MH 8 5 10 9 2 11 6 4 5 11 5 2 78 -21 -21%ADU 0 2 1 0 3 2 2 1 1 0 0 0 12 4 50%Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NATOTAL 285 329 368 312 357 361 301 314 254 445 171 246 3,743 -545 -13%

2005SF 250 296 372 343 295 362 348 421 346 276 293 305 3,907 833 27%DUP (units) 4 28 8 12 12 10 16 10 8 10 8 16 142 -22 -13%MF (units) 0 7 19 23 0 7 62 0 0 14 0 0 132 -91 -41%MH 4 6 8 6 8 10 5 14 7 14 11 6 99 -34 -26%ADU 0 2 0 0 0 1 2 0 0 1 1 1 8 -3 -27%Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NATOTAL 258 339 407 384 315 390 433 445 361 315 313 328 4,288 683 19%

Snohomish County new housing units building permits, 2002-2012

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Snohomish County unincorporated area only YTD YTD unit YTD percent2012 Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec. total change changeSF 81 95 112 125 125 130 127 119 107 1,021 NA NADUP (units) 4 0 0 2 2 10 13 4 0 35 NA NAMF (units) 12 0 372 36 0 4 8 145 341 918 NA NAMH 2 0 4 3 0 1 1 0 2 13 NA NAADU 1 0 0 1 1 0 2 2 1 8 NA NAOther 0 1 2 0 0 2 4 6 3 18 NA NATOTAL 100 96 490 167 128 147 155 276 454 2,013 NA NA

2011SF 97 100 108 89 83 131 69 124 105 91 100 92 1,189 79 7%DUP (units) 6 0 8 8 4 2 6 2 2 2 4 0 44 -16 -27%MF (units) 0 8 0 175 8 21 40 4 0 0 4 88 348 212 156%MH 1 1 2 6 3 3 1 2 2 2 2 0 25 6 32%ADU 3 0 2 0 0 4 1 0 3 1 1 2 17 13 325%Other 0 0 0 0 0 0 0 0 1 1 1 2 5 5 NATOTAL 107 109 120 278 98 161 117 132 113 97 112 184 1,628 299 22%

2010SF 146 107 132 95 60 95 82 54 73 104 79 83 1,110 -58 -5%DUP (units) 2 14 0 14 0 0 0 14 16 0 0 0 60 -46 -43%MF (units) 0 4 0 11 0 0 0 15 5 97 4 0 136 73 116%MH 1 2 0 2 2 3 2 2 2 0 1 2 19 -10 -34%ADU 0 0 0 0 0 0 1 0 0 0 2 1 4 -1 -20%Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NATOTAL 149 127 132 122 62 98 85 85 96 201 86 86 1,329 -42 -3%

2009SF 62 43 51 79 102 114 124 73 125 160 99 136 1,168 -22 -2%DUP (units) 4 2 8 0 10 12 2 36 6 10 14 2 106 -4 -4%MF (units) 11 0 11 13 16 0 0 0 0 0 8 4 63 -101 -62%MH 1 3 0 2 3 0 4 2 5 3 3 3 29 -25 -46%ADU 1 0 0 0 1 2 1 0 0 0 0 0 5 -9 -64%Other 0 0 0 0 0 0 0 0 0 0 0 0 0 -1 -100%TOTAL 79 48 70 94 132 128 131 111 136 173 124 145 1,371 -162 -11%

2008SF 148 127 155 136 88 99 100 113 67 70 46 41 1,190 -1,300 -52%DUP (units) 12 14 4 10 4 4 2 14 6 10 16 14 110 -28 -20%MF (units) 32 7 8 7 24 75 0 4 7 0 0 0 164 -169 -51%MH 2 4 5 2 5 7 8 4 6 0 7 4 54 -8 -13%ADU 1 0 1 1 2 2 3 0 1 2 1 0 14 2 17%Other 0 0 0 0 0 0 0 0 0 0 0 1 1 -1 -50%TOTAL 195 152 173 156 123 187 113 135 87 82 70 60 1,533 -1,504 -50%

2007SF 254 239 312 311 276 286 226 153 95 121 130 87 2,490 -773 -24%DUP (units) 12 2 22 6 10 8 16 14 10 28 0 10 138 -22 -14%MF (units) 6 0 36 16 22 9 24 148 29 24 13 6 333 103 45%MH 5 4 8 5 3 5 6 9 3 4 7 3 62 -16 -21%ADU 0 1 0 2 0 0 0 1 5 1 1 1 12 0 0%Other 0 0 1 0 1 0 0 0 0 0 0 0 2 2 NATOTAL 277 246 379 340 312 308 272 325 142 178 151 107 3,037 -706 -19%

2006SF 265 302 343 267 340 328 279 289 231 247 166 206 3,263 -644 -16%DUP (units) 12 20 14 4 12 20 14 20 12 18 0 14 160 18 13%MF (units) 0 0 0 32 0 0 0 0 5 169 0 24 230 98 74%MH 8 5 10 9 2 11 6 4 5 11 5 2 78 -21 -21%ADU 0 2 1 0 3 2 2 1 1 0 0 0 12 4 50%Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NATOTAL 285 329 368 312 357 361 301 314 254 445 171 246 3,743 -545 -13%

2005SF 250 296 372 343 295 362 348 421 346 276 293 305 3,907 833 27%DUP (units) 4 28 8 12 12 10 16 10 8 10 8 16 142 -22 -13%MF (units) 0 7 19 23 0 7 62 0 0 14 0 0 132 -91 -41%MH 4 6 8 6 8 10 5 14 7 14 11 6 99 -34 -26%ADU 0 2 0 0 0 1 2 0 0 1 1 1 8 -3 -27%Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NATOTAL 258 339 407 384 315 390 433 445 361 315 313 328 4,288 683 19%

Snohomish County new housing units building permits, 2002-2012

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2004SF 156 220 259 318 252 379 341 237 208 264 185 255 3,074 582 23%DUP (units) 18 10 34 18 8 18 2 20 6 8 18 4 164 2 1%MF (units) 13 6 6 3 6 15 7 11 63 7 0 86 223 -65 -23%MH 7 7 12 10 10 12 12 16 13 8 15 11 133 10 8%ADU 0 3 0 0 0 0 1 4 0 0 3 0 11 2 22%Other 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NATOTAL 194 246 311 349 276 424 363 288 290 287 221 356 3,605 531 17%

2003 SF 191 161 197 188 264 183 248 276 208 213 174 189 2,492 33 1%DUP (units) 6 6 20 8 16 14 6 6 20 24 16 20 162 -88 -35%MF (units) 0 0 30 21 36 0 0 0 139 14 36 12 288 63 28%MH 9 13 9 10 7 13 14 17 9 11 7 4 123 -39 -24%ADU 1 0 0 1 2 1 1 3 0 0 0 0 9 -17 -65%Other 0 0 0 0 0 0 0 0 0 0 0 0 0 -1 -100%TOTAL 207 180 256 228 325 211 269 302 376 262 233 225 3,074 -49 -2%

2002 SF 169 153 176 259 203 279 263 204 201 228 180 144 2,459 DUP (units) 14 10 20 46 18 26 10 26 42 20 10 8 250 MF (units) 24 14 36 12 12 39 50 26 0 0 0 12 225 MH 15 10 9 11 14 10 12 12 23 18 10 18 162 ADU 2 2 1 2 3 3 2 2 2 5 2 0 26 Other 0 0 0 0 0 0 1 0 0 0 0 0 1 TOTAL 224 189 242 330 250 357 338 270 268 271 202 182 3,123

Terms and abbreviationsSF: Single-family detached units (one-unit structures)DUP: Duplex units (units within structure containing two units)MF: Multi-family units (units within structures containing three or more units; includes condominiums)MH: Mobile homesADU: Accessory dwelling units, or accessory apartmentsOther: New dwelling units created that aren’t counted in other categoriesNA: Not applicableSource: Snohomish County Planning and Development Services, November 2012

YTD YTD unit YTD percent Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec. total change change

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Story by Eric FettersPhotos by Annie Mulligan

HBJ Freelance Staff

BOTHELL — Blazing a trail, staying ahead of the pack and building a last-ing business at the same time is hard for any company to accomplish. In the risky field of biotechnology, it can be doubly difficult.

Seattle Genetics, which marks its 15th year in 2013, has accomplished that so far and quietly become one of the region’s largest biotech companies.

The Bothell-based company’s first approved drug, Adcetris, is being used to treat patients with Hodgkin’s lym-phoma, a cancer of the body’s lymphatic system. But Seattle Genetics’ targeted therapies are being tested against a much longer list of cancers.

“We are very focused on Adce-tris, on making a difference in the lives of patients with this drug,” said Clay Siegall, chief executive officer and co-founder of Seattle Genetics. “Our vision is that this gets approved for many, many other types of lymphomas.”

Seattle Genetics’ anti-cancer drugs aren’t going after easy targets. Upon its approval in August 2011, Adce-tris became the first new treatment approved by the U.S. Food and Drug Administration for Hodgkin’s lym-phoma in 34 years. Causing the enlarge-ment of lymph nodes, spleen, chronic fever, weight loss, fatigue and other symptoms, about 8,800 new cases of Hodgkin’s lymphoma diagnosed in the U.S. each year, with about 1,300 annual deaths, according to the National Can-cer Institute.

In studies that led to its approval, Seattle Genetics’ drug was able to shrink tumors in 73 percent of patients with recurring Hodgkin’s lymphoma. In patients with systemic anaplastic large-cell lymphoma, for which the drug also was approved, 86 percent saw improve-ment after using the drug.

Adcetris uses an antibody-drug con-jugate, a technology in which Seattle Genetics is an acknowledged leader. The company has figured out a bet-ter way to attach drugs to antibodies

Seattle Genetics leads with new cancer drug

ABOVE: Empty vials fi ll a yellow bin at Seattle Genetics. They will be used for future experiments at the facility.

LEFT: Scientists use a pipette to deliver solutions into bottles for experiments at Seattle Genetics. The company has three drugs currently in clinical trials.

Scientists perform experiments at lab stations at Seattle Genetics, the leading biotech company in Snohomish County. Seattle Genetics focuses on new cancer medications.

Bothell company’s drug Adcetris is approved to fi ght lymphoma

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Story by Eric FettersPhotos by Annie Mulligan

HBJ Freelance Staff

BOTHELL — Blazing a trail, staying ahead of the pack and building a last-ing business at the same time is hard for any company to accomplish. In the risky field of biotechnology, it can be doubly difficult.

Seattle Genetics, which marks its 15th year in 2013, has accomplished that so far and quietly become one of the region’s largest biotech companies.

The Bothell-based company’s first approved drug, Adcetris, is being used to treat patients with Hodgkin’s lym-phoma, a cancer of the body’s lymphatic system. But Seattle Genetics’ targeted therapies are being tested against a much longer list of cancers.

“We are very focused on Adce-tris, on making a difference in the lives of patients with this drug,” said Clay Siegall, chief executive officer and co-founder of Seattle Genetics. “Our vision is that this gets approved for many, many other types of lymphomas.”

Seattle Genetics’ anti-cancer drugs aren’t going after easy targets. Upon its approval in August 2011, Adce-tris became the first new treatment approved by the U.S. Food and Drug Administration for Hodgkin’s lym-phoma in 34 years. Causing the enlarge-ment of lymph nodes, spleen, chronic fever, weight loss, fatigue and other symptoms, about 8,800 new cases of Hodgkin’s lymphoma diagnosed in the U.S. each year, with about 1,300 annual deaths, according to the National Can-cer Institute.

In studies that led to its approval, Seattle Genetics’ drug was able to shrink tumors in 73 percent of patients with recurring Hodgkin’s lymphoma. In patients with systemic anaplastic large-cell lymphoma, for which the drug also was approved, 86 percent saw improve-ment after using the drug.

Adcetris uses an antibody-drug con-jugate, a technology in which Seattle Genetics is an acknowledged leader. The company has figured out a bet-ter way to attach drugs to antibodies

Seattle Genetics leads with new cancer drug

ABOVE: Empty vials fi ll a yellow bin at Seattle Genetics. They will be used for future experiments at the facility.

LEFT: Scientists use a pipette to deliver solutions into bottles for experiments at Seattle Genetics. The company has three drugs currently in clinical trials.

Scientists perform experiments at lab stations at Seattle Genetics, the leading biotech company in Snohomish County. Seattle Genetics focuses on new cancer medications.

Bothell company’s drug Adcetris is approved to fi ght lymphoma

that can target specific proteins found in cancer cells. That “smart-bomb” approach can reduce some of the toxic effects of traditional chemotherapy while more potently affecting the tar-geted cancer.

Abbott, Bayer, Genentech, Glaxo-SmithKline, Pfizer and others in the biotech and pharmaceutical fields have licensed Seattle Genetics’ “empowered antibodies” and are collaborating on approximately two dozen drug devel-opment programs, generating millions in fees for the company. Millennium: The Takeda Oncology Co., a division of a Japanese drug company, is Seattle Genetics’ partner for Adcetris.

In the third quarter of 2012, sales of Adcetris — which also has been approved in the European Union — reached $33.7 million, and hit just under $103 million for the first nine months of 2012. That didn’t meet some analysts’ expectations, which had been raised by a fast start when the drug hit the market. But others say the long-term potential for the drug is great. David Miller, president of Biotech Stock Research LLC in Seattle, said he thinks most Wall Street analysts’ esti-mates are low.

“Seattle Genetics is one of those com-panies I worry about the least. They’re clearly doing what they need to make Adcetris successful and to make the com-pany successful,” said Miller, whose firm has followed Seattle Genetics since 2002.

He tends to side with Siegall’s pre-diction that if Adcetris is approved for the treatment of other cancers, it could eventually become a “blockbuster” drug, one that generates more than $1 billion in annual sales. At present, Adcetris is being tested in more than 20 trials against a variety of cancers in addition to its approved uses, Siegall said.

The company has three other drug candidates in clinical trials, with plans to start human trials on three more in the next year. It’s important to keep devel-oping new drugs in order to keep grow-ing, Siegall said.

That may delay the point at which Seattle Genetics becomes a consis-tently profitable enterprise, Siegall said, but it’s an investment in the long-term future of the company. He also pointed out the company’s expenses are smaller than they were before Adcetris was approved.

“Our revenues are growing fast enough where we can continue to do research and development without rais-ing more capital,” Siegall said.

The company, which has about $300 million on hand and no debt, hasn’t had to raise outside capital in more than two years, thanks to revenues

from licensing, collaborations and Adcetris sales.

Additionally, with a market value

of more than $3 billion as of early December, Seattle Genetics can boast to being the most valuable publicly

held company based in Snohomish County.

The last biotech company to hold that title was Icos Corp., which grew rapidly ahead of the FDA’s approval of Cialis, an erectile dysfunction drug it developed and marketed with help from Eli Lilly & Co. At its height, Icos employed more than 700 people before it was acquired by Lilly for more than $2 billion in early 2007.

That’s not the future Siegall would prefer for Seattle Genetics, he said.

“The reason I co-founded this com-pany and the reason we exist is to make a difference in people’s lives. I don’t put much effort into thinking about being acquired,” he said. “Right now, Seattle Genetics has never been stronger.”

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Seattle Genetics Inc.Headquarters: BothellFounded: 1998Employees: Approximately 550Stock symbol: SGENWebsite: www.seattlegenetics.com

LEARN MORE

A research scientist at Seattle Genetics places empty vials in preparation for an experiment.

Two scientists at Seattle Genetics work at their lab stations in the Bothell biotech research company.

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Grand total White Black Am. Indian-Am. Native Asian-Pacifi c Islander Two+ racesAge Total M F Total M F Total M F Total M F Total M F Total M F0-4 50,682 25,897 24,785 40,429 20,691 19,737 1,345 674 670 935 441 493 3,881 2,032 1,849 4,093 2,058 2,035 5-9 49,954 25,729 24,225 40,880 21,078 19,802 1,155 581 574 908 467 441 3,854 2,010 1,844 3,157 1,593 1,564 10-14 49,260 25,207 24,053 40,940 20,978 19,961 1,047 547 500 974 499 474 3,755 1,947 1,808 2,544 1,235 1,309 15-19 48,534 24,792 23,742 39,886 20,370 19,516 1,196 676 519 981 506 475 4,353 2,213 2,140 2,120 1,028 1,092 20-24 46,203 24,068 22,135 37,532 19,486 18,046 1,617 1,032 584 925 467 458 4,432 2,265 2,167 1,697 818 879 25-29 51,029 25,771 25,259 41,983 21,250 20,733 1,448 920 528 903 450 453 5,222 2,423 2,799 1,473 728 745 30-34 50,279 25,638 24,641 42,121 21,545 20,576 1,347 870 477 779 390 389 4,840 2,238 2,602 1,192 596 596 35-39 53,023 27,388 25,635 45,236 23,520 21,716 1,286 799 487 811 403 408 4,620 2,135 2,486 1,070 531 539 40-44 53,772 27,742 26,030 46,623 24,198 22,426 1,114 701 413 779 384 395 4,260 1,967 2,294 995 493 502 45-49 54,461 27,554 26,908 47,485 24,117 23,369 964 620 344 773 390 383 4,323 1,983 2,340 915 443 472 50-54 51,341 25,550 25,791 45,549 22,764 22,785 715 429 285 645 299 346 3,753 1,705 2,048 679 352 327 55-59 45,052 22,261 22,791 40,279 19,920 20,359 529 327 202 593 289 305 3,094 1,457 1,638 557 269 287 60-64 35,793 17,483 18,310 31,648 15,526 16,121 407 210 197 500 262 237 2,720 1,209 1,511 518 275 243 65-69 24,040 11,330 12,709 21,666 10,293 11,373 226 126 100 236 106 130 1,648 672 976 264 133 131 70-74 15,975 7,385 8,590 14,708 6,839 7,870 103 53 50 122 61 61 881 351 530 161 82 79 75-79 12,098 5,286 6,813 11,456 5,002 6,454 67 31 36 63 27 36 435 187 248 78 39 39 80-84 8,938 3,575 5,363 8,551 3,431 5,120 33 15 19 32 8 24 265 101 164 57 21 37 85+ 10,664 3,411 7,253 10,319 3,270 7,049 34 6 27 35 13 21 200 86 114 76 35 41 Total 711,100 356,070 355,030 607,291 304,278 303,013 14,632 8,619 6,013 10,991 5,462 5,529 56,538 26,980 29,558 21,647 10,730 10,917

Grand total Total non-Hispanic White non-Hispanic Black non-Hispanic AIAN non-Hispanic API non-Hispanic Two+ races, non-Hisp.Age Total M F Total M F Total M F Total M F Total M F Total M F Total Me F0-4 44,541 22,671 21,870 35,176 17,923 17,253 1,223 612 611 743 358 385 3,716 1,937 1,779 3,683 1,842 1,841 6,142 3,227 2,915 5-9 44,975 23,122 21,853 36,580 18,851 17,730 1,040 522 518 780 387 394 3,710 1,934 1,776 2,864 1,429 1,436 4,979 2,607 2,372 10-14 45,162 23,130 22,032 37,436 19,206 18,230 980 511 469 830 425 405 3,599 1,870 1,728 2,317 1,117 1,200 4,097 2,077 2,020 15-19 44,462 22,609 21,854 36,391 18,491 17,900 1,087 616 470 827 426 401 4,217 2,129 2,088 1,942 947 995 4,072 2,184 1,888 20-24 40,951 21,002 19,949 32,873 16,708 16,165 1,477 945 532 799 407 392 4,275 2,186 2,089 1,527 756 772 5,252 3,066 2,186 25-29 45,930 22,846 23,084 37,407 18,613 18,794 1,364 866 498 781 374 407 5,071 2,358 2,714 1,306 635 671 5,099 2,924 2,175 30-34 45,833 23,176 22,657 38,168 19,356 18,812 1,251 808 443 674 323 351 4,672 2,164 2,508 1,068 525 543 4,446 2,463 1,983 35-39 49,541 25,553 23,989 42,148 21,884 20,264 1,210 753 456 733 366 368 4,466 2,058 2,408 984 492 492 3,482 1,836 1,646 40-44 50,891 26,182 24,709 44,086 22,825 21,261 1,040 652 387 689 336 354 4,160 1,914 2,245 916 455 462 2,881 1,561 1,321 45-49 52,415 26,464 25,951 45,695 23,156 22,540 919 605 314 708 358 349 4,239 1,929 2,310 854 416 438 2,046 1,090 956 50-54 49,949 24,869 25,080 44,375 22,171 22,204 680 414 266 596 282 314 3,666 1,672 1,994 633 331 302 1,392 681 711 55-59 44,147 21,804 22,343 39,526 19,535 19,991 518 319 199 572 275 297 3,002 1,423 1,578 529 251 278 905 458 448 60-64 35,247 17,193 18,054 31,224 15,304 15,920 401 210 192 480 247 233 2,643 1,167 1,476 499 266 233 546 290 256 65-69 23,669 11,160 12,509 21,382 10,170 11,212 220 126 94 232 104 128 1,580 632 949 254 128 126 371 170 200 70-74 15,713 7,273 8,441 14,494 6,744 7,750 97 50 47 118 61 57 847 337 510 157 80 77 262 113 149 75-79 11,928 5,223 6,705 11,318 4,944 6,374 56 26 30 61 27 34 415 187 228 78 39 39 170 62 108 80-84 8,813 3,532 5,281 8,446 3,390 5,055 30 15 16 28 6 21 252 101 151 57 21 37 125 43 83 85+ 10,590 3,380 7,210 10,249 3,244 7,006 34 6 27 33 12 21 200 86 114 74 33 41 74 31 43 Total 664,759 331,188 333,570 566,975 282,514 284,460 13,627 8,056 5,571 9,685 4,773 4,912 54,730 26,084 28,645 19,743 9,761 9,982 46,341 24,881 21,460

Total Hispanic White Hispanic Black Hispanic AIAN Hispanic API Hispanic Two+ races, Hispanic Total M F Total M F Total M F Total M F Total M F Total M F 0-4 6,142 3,227 2,915 5,253 2,769 2,484 121 63 59 192 84 108 165 95 70 411 217 194 5-9 4,979 2,607 2,372 4,299 2,227 2,072 115 59 56 127 80 47 144 76 68 293 164 129 10-14 4,097 2,077 2,020 3,503 1,772 1,731 67 36 31 144 74 70 156 77 80 227 119 108 15-19 4,072 2,184 1,888 3,495 1,879 1,616 109 60 49 154 80 74 136 83 52 178 81 97 20-24 5,252 3,066 2,186 4,659 2,778 1,881 139 87 53 126 60 66 157 79 78 170 62 108 25-29 5,099 2,924 2,175 4,576 2,636 1,939 84 54 30 122 76 46 151 65 85 167 93 74 30-34 4,446 2,463 1,983 3,953 2,189 1,764 97 63 34 105 67 38 167 73 94 124 71 53 35-39 3,482 1,836 1,646 3,088 1,637 1,451 76 46 31 77 37 40 154 77 78 86 39 47 40-44 2,881 1,561 1,321 2,538 1,373 1,165 75 48 26 90 48 42 101 52 48 79 38 40 45-49 2,046 1,090 956 1,790 961 829 45 16 30 65 32 33 84 54 30 61 27 34 50-54 1,392 681 711 1,174 593 581 35 15 20 49 18 32 88 34 54 46 21 25 55-59 905 458 448 753 385 368 11 8 3 21 13 8 92 33 59 27 18 9 60-64 546 290 256 424 223 201 6 0 6 19 15 4 78 42 35 19 10 9 65-69 371 170 200 284 123 161 5 0 5 4 2 2 68 41 27 9 5 5 70-74 262 113 149 214 94 120 6 3 3 4 0 4 34 13 21 5 2 2 75-79 170 62 108 138 58 80 10 5 6 2 0 2 20 0 20 0 0 0 80-84 125 43 83 105 41 65 3 0 3 4 2 2 13 0 13 0 0 0 85+ 74 31 43 70 27 43 0 0 0 2 2 0 0 0 0 2 2 0 Total 46,341 24,881 21,460 40,317 21,764 18,553 1,005 563 443 1,307 690 617 1,808 895 913 1,904 970 935

Notes: The 2010 population estimates by age, gender, race and Hispanic Origin contain 2010 total population estimates by age, gender and race; 2010 non-Hispanic population estimates by age, gender and race; and 2010 Hispanic population estimates by age, gender and race. 2010 non-Hispanic population estimates by age, gender and race; and 2010 Hispanic population estimates by age, gender and race. Please note small numbers in the estimates do not imply precision. They are presented rather than suppressed in order to have all the characteristics add up to the total.

Source: Washington State Offi ce of Financial Management, December 2012

2010 Snohomish County population by age, gender and race

0001803360-01

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Grand total White Black Am. Indian-Am. Native Asian-Pacifi c Islander Two+ racesAge Total M F Total M F Total M F Total M F Total M F Total M F0-4 50,682 25,897 24,785 40,429 20,691 19,737 1,345 674 670 935 441 493 3,881 2,032 1,849 4,093 2,058 2,035 5-9 49,954 25,729 24,225 40,880 21,078 19,802 1,155 581 574 908 467 441 3,854 2,010 1,844 3,157 1,593 1,564 10-14 49,260 25,207 24,053 40,940 20,978 19,961 1,047 547 500 974 499 474 3,755 1,947 1,808 2,544 1,235 1,309 15-19 48,534 24,792 23,742 39,886 20,370 19,516 1,196 676 519 981 506 475 4,353 2,213 2,140 2,120 1,028 1,092 20-24 46,203 24,068 22,135 37,532 19,486 18,046 1,617 1,032 584 925 467 458 4,432 2,265 2,167 1,697 818 879 25-29 51,029 25,771 25,259 41,983 21,250 20,733 1,448 920 528 903 450 453 5,222 2,423 2,799 1,473 728 745 30-34 50,279 25,638 24,641 42,121 21,545 20,576 1,347 870 477 779 390 389 4,840 2,238 2,602 1,192 596 596 35-39 53,023 27,388 25,635 45,236 23,520 21,716 1,286 799 487 811 403 408 4,620 2,135 2,486 1,070 531 539 40-44 53,772 27,742 26,030 46,623 24,198 22,426 1,114 701 413 779 384 395 4,260 1,967 2,294 995 493 502 45-49 54,461 27,554 26,908 47,485 24,117 23,369 964 620 344 773 390 383 4,323 1,983 2,340 915 443 472 50-54 51,341 25,550 25,791 45,549 22,764 22,785 715 429 285 645 299 346 3,753 1,705 2,048 679 352 327 55-59 45,052 22,261 22,791 40,279 19,920 20,359 529 327 202 593 289 305 3,094 1,457 1,638 557 269 287 60-64 35,793 17,483 18,310 31,648 15,526 16,121 407 210 197 500 262 237 2,720 1,209 1,511 518 275 243 65-69 24,040 11,330 12,709 21,666 10,293 11,373 226 126 100 236 106 130 1,648 672 976 264 133 131 70-74 15,975 7,385 8,590 14,708 6,839 7,870 103 53 50 122 61 61 881 351 530 161 82 79 75-79 12,098 5,286 6,813 11,456 5,002 6,454 67 31 36 63 27 36 435 187 248 78 39 39 80-84 8,938 3,575 5,363 8,551 3,431 5,120 33 15 19 32 8 24 265 101 164 57 21 37 85+ 10,664 3,411 7,253 10,319 3,270 7,049 34 6 27 35 13 21 200 86 114 76 35 41 Total 711,100 356,070 355,030 607,291 304,278 303,013 14,632 8,619 6,013 10,991 5,462 5,529 56,538 26,980 29,558 21,647 10,730 10,917

Grand total Total non-Hispanic White non-Hispanic Black non-Hispanic AIAN non-Hispanic API non-Hispanic Two+ races, non-Hisp.Age Total M F Total M F Total M F Total M F Total M F Total M F Total Me F0-4 44,541 22,671 21,870 35,176 17,923 17,253 1,223 612 611 743 358 385 3,716 1,937 1,779 3,683 1,842 1,841 6,142 3,227 2,915 5-9 44,975 23,122 21,853 36,580 18,851 17,730 1,040 522 518 780 387 394 3,710 1,934 1,776 2,864 1,429 1,436 4,979 2,607 2,372 10-14 45,162 23,130 22,032 37,436 19,206 18,230 980 511 469 830 425 405 3,599 1,870 1,728 2,317 1,117 1,200 4,097 2,077 2,020 15-19 44,462 22,609 21,854 36,391 18,491 17,900 1,087 616 470 827 426 401 4,217 2,129 2,088 1,942 947 995 4,072 2,184 1,888 20-24 40,951 21,002 19,949 32,873 16,708 16,165 1,477 945 532 799 407 392 4,275 2,186 2,089 1,527 756 772 5,252 3,066 2,186 25-29 45,930 22,846 23,084 37,407 18,613 18,794 1,364 866 498 781 374 407 5,071 2,358 2,714 1,306 635 671 5,099 2,924 2,175 30-34 45,833 23,176 22,657 38,168 19,356 18,812 1,251 808 443 674 323 351 4,672 2,164 2,508 1,068 525 543 4,446 2,463 1,983 35-39 49,541 25,553 23,989 42,148 21,884 20,264 1,210 753 456 733 366 368 4,466 2,058 2,408 984 492 492 3,482 1,836 1,646 40-44 50,891 26,182 24,709 44,086 22,825 21,261 1,040 652 387 689 336 354 4,160 1,914 2,245 916 455 462 2,881 1,561 1,321 45-49 52,415 26,464 25,951 45,695 23,156 22,540 919 605 314 708 358 349 4,239 1,929 2,310 854 416 438 2,046 1,090 956 50-54 49,949 24,869 25,080 44,375 22,171 22,204 680 414 266 596 282 314 3,666 1,672 1,994 633 331 302 1,392 681 711 55-59 44,147 21,804 22,343 39,526 19,535 19,991 518 319 199 572 275 297 3,002 1,423 1,578 529 251 278 905 458 448 60-64 35,247 17,193 18,054 31,224 15,304 15,920 401 210 192 480 247 233 2,643 1,167 1,476 499 266 233 546 290 256 65-69 23,669 11,160 12,509 21,382 10,170 11,212 220 126 94 232 104 128 1,580 632 949 254 128 126 371 170 200 70-74 15,713 7,273 8,441 14,494 6,744 7,750 97 50 47 118 61 57 847 337 510 157 80 77 262 113 149 75-79 11,928 5,223 6,705 11,318 4,944 6,374 56 26 30 61 27 34 415 187 228 78 39 39 170 62 108 80-84 8,813 3,532 5,281 8,446 3,390 5,055 30 15 16 28 6 21 252 101 151 57 21 37 125 43 83 85+ 10,590 3,380 7,210 10,249 3,244 7,006 34 6 27 33 12 21 200 86 114 74 33 41 74 31 43 Total 664,759 331,188 333,570 566,975 282,514 284,460 13,627 8,056 5,571 9,685 4,773 4,912 54,730 26,084 28,645 19,743 9,761 9,982 46,341 24,881 21,460

Total Hispanic White Hispanic Black Hispanic AIAN Hispanic API Hispanic Two+ races, Hispanic Total M F Total M F Total M F Total M F Total M F Total M F 0-4 6,142 3,227 2,915 5,253 2,769 2,484 121 63 59 192 84 108 165 95 70 411 217 194 5-9 4,979 2,607 2,372 4,299 2,227 2,072 115 59 56 127 80 47 144 76 68 293 164 129 10-14 4,097 2,077 2,020 3,503 1,772 1,731 67 36 31 144 74 70 156 77 80 227 119 108 15-19 4,072 2,184 1,888 3,495 1,879 1,616 109 60 49 154 80 74 136 83 52 178 81 97 20-24 5,252 3,066 2,186 4,659 2,778 1,881 139 87 53 126 60 66 157 79 78 170 62 108 25-29 5,099 2,924 2,175 4,576 2,636 1,939 84 54 30 122 76 46 151 65 85 167 93 74 30-34 4,446 2,463 1,983 3,953 2,189 1,764 97 63 34 105 67 38 167 73 94 124 71 53 35-39 3,482 1,836 1,646 3,088 1,637 1,451 76 46 31 77 37 40 154 77 78 86 39 47 40-44 2,881 1,561 1,321 2,538 1,373 1,165 75 48 26 90 48 42 101 52 48 79 38 40 45-49 2,046 1,090 956 1,790 961 829 45 16 30 65 32 33 84 54 30 61 27 34 50-54 1,392 681 711 1,174 593 581 35 15 20 49 18 32 88 34 54 46 21 25 55-59 905 458 448 753 385 368 11 8 3 21 13 8 92 33 59 27 18 9 60-64 546 290 256 424 223 201 6 0 6 19 15 4 78 42 35 19 10 9 65-69 371 170 200 284 123 161 5 0 5 4 2 2 68 41 27 9 5 5 70-74 262 113 149 214 94 120 6 3 3 4 0 4 34 13 21 5 2 2 75-79 170 62 108 138 58 80 10 5 6 2 0 2 20 0 20 0 0 0 80-84 125 43 83 105 41 65 3 0 3 4 2 2 13 0 13 0 0 0 85+ 74 31 43 70 27 43 0 0 0 2 2 0 0 0 0 2 2 0 Total 46,341 24,881 21,460 40,317 21,764 18,553 1,005 563 443 1,307 690 617 1,808 895 913 1,904 970 935

Notes: The 2010 population estimates by age, gender, race and Hispanic Origin contain 2010 total population estimates by age, gender and race; 2010 non-Hispanic population estimates by age, gender and race; and 2010 Hispanic population estimates by age, gender and race. 2010 non-Hispanic population estimates by age, gender and race; and 2010 Hispanic population estimates by age, gender and race. Please note small numbers in the estimates do not imply precision. They are presented rather than suppressed in order to have all the characteristics add up to the total.

Source: Washington State Offi ce of Financial Management, December 2012

2010 Snohomish County population by age, gender and race

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REAL ESTATE


Tom Hoban, CEO of The Coast Group of commercial real estate com-panies in Everett, predicts the first quar-ter of 2013 will be sluggish but he sees “a firming up of the market” later in the year.

Hoban, also a real estate columnist for The Herald Business Journal, bases his vision of the 2013 commercial real estate market on his 25 years of experi-ence. His property management, invest-ment and brokerage businesses, founded and operated by Hoban and his brother, Shawn, employ 350 people in five Northwestern states and manage prop-erties valued at more than $1 billion.

“Commercial property investors and owners are going to need to be very patient through the first quarter,” he said. “There’s just too much uncertainty about the economy that’s carrying over into the new year.”

However, he thinks there will be

improvement by the second or third quarter when “previously weak office and retail sectors should firm up … while apartment demand should con-tinue to be strong because the economy is down,” Hoban said. “The unem-ployed and underemployed can’t afford financing for homes so they’re going to be staying in the rental pool longer.”

The big factor to watch is interest rates, he said.

“In recent years, we’ve been enjoying very low rates consistently, held low by federal policies, but that won’t last for-ever. When inflation and higher interest rates kick in, demand will change again and more people will be living in rental housing,” he said.

In his own business planning, he’s used high unemployment rates as “the new norm in the American economy” for the past three years, he said. He didn’t expect high unemployment to continue, but after the recent presidential election he’s simply extending that assumption further.

“Since a majority of Americans voted for more of the same, we are forecasting that way as well,” he said.

Hoban said he’s seeing more home buyers and apartment renters, par-ticularly young families, explore the strengths of school districts and local schools in deciding where to live.

“In just the last year, the frequency of that question from prospective rent-ers has moved from fifth place to third,” he said. “But we believe it’s also about stable schools, without bomb threats and gang problems, as much as it is about what’s going on in the classroom itself. Families with children are sick of the bullying and violence at schools and are paying attention to that when they look for a place to live. People are look-ing for stability in their lives and their neighborhoods.”

Hoban said he expects parts of north and south Snohomish County to have their own individual growth areas.

“As for commercial development, there’s a very different outlook for the

southern half than the northern half,” he said. “In the Bothell, Mill Creek and Edmonds areas, the economy is tied more directly to aerospace jobs in the Everett area, driven by Boeing’s hir-ing and a growing backlog of aircraft orders.

“For north county, where much of the county’s future growth is expected, the explosive growth of the Tulalip Tribes’ Quil Ceda Village is the game changer there. The village creates its own employment center all by itself, oper-ating independently of the aerospace industry. There are different dynamics there and you could make a good case for a firming up of housing values and commercial real estate in 2013 simply because of the presence of the Tulalips’ developments.”

Hoban has long-term concerns about the length of the weak economy.

“I am worried that we could produce a whole class of people, a whole gen-eration of younger Americans who are going to be left behind, a generation

Commercial market payoff will take patience

JOHN WOLCOTT / FOR HBJ

Quil Ceda Village on the Tulalip Reservation continues to be a growing commercial and shopping hot spot, featuring the Tulalip Resort Casino and hotel, Walmart, Home Depot, Cabela’s and Seattle Premium Outlets with 110 stores.

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REAL ESTATE


Tom Hoban, CEO of The Coast Group of commercial real estate com-panies in Everett, predicts the first quar-ter of 2013 will be sluggish but he sees “a firming up of the market” later in the year.

Hoban, also a real estate columnist for The Herald Business Journal, bases his vision of the 2013 commercial real estate market on his 25 years of experi-ence. His property management, invest-ment and brokerage businesses, founded and operated by Hoban and his brother, Shawn, employ 350 people in five Northwestern states and manage prop-erties valued at more than $1 billion.

“Commercial property investors and owners are going to need to be very patient through the first quarter,” he said. “There’s just too much uncertainty about the economy that’s carrying over into the new year.”

However, he thinks there will be

improvement by the second or third quarter when “previously weak office and retail sectors should firm up … while apartment demand should con-tinue to be strong because the economy is down,” Hoban said. “The unem-ployed and underemployed can’t afford financing for homes so they’re going to be staying in the rental pool longer.”

The big factor to watch is interest rates, he said.

“In recent years, we’ve been enjoying very low rates consistently, held low by federal policies, but that won’t last for-ever. When inflation and higher interest rates kick in, demand will change again and more people will be living in rental housing,” he said.

In his own business planning, he’s used high unemployment rates as “the new norm in the American economy” for the past three years, he said. He didn’t expect high unemployment to continue, but after the recent presidential election he’s simply extending that assumption further.

“Since a majority of Americans voted for more of the same, we are forecasting that way as well,” he said.

Hoban said he’s seeing more home buyers and apartment renters, par-ticularly young families, explore the strengths of school districts and local schools in deciding where to live.

“In just the last year, the frequency of that question from prospective rent-ers has moved from fifth place to third,” he said. “But we believe it’s also about stable schools, without bomb threats and gang problems, as much as it is about what’s going on in the classroom itself. Families with children are sick of the bullying and violence at schools and are paying attention to that when they look for a place to live. People are look-ing for stability in their lives and their neighborhoods.”

Hoban said he expects parts of north and south Snohomish County to have their own individual growth areas.

“As for commercial development, there’s a very different outlook for the

southern half than the northern half,” he said. “In the Bothell, Mill Creek and Edmonds areas, the economy is tied more directly to aerospace jobs in the Everett area, driven by Boeing’s hir-ing and a growing backlog of aircraft orders.

“For north county, where much of the county’s future growth is expected, the explosive growth of the Tulalip Tribes’ Quil Ceda Village is the game changer there. The village creates its own employment center all by itself, oper-ating independently of the aerospace industry. There are different dynamics there and you could make a good case for a firming up of housing values and commercial real estate in 2013 simply because of the presence of the Tulalips’ developments.”

Hoban has long-term concerns about the length of the weak economy.

“I am worried that we could produce a whole class of people, a whole gen-eration of younger Americans who are going to be left behind, a generation

Commercial market payoff will take patience


Quil Ceda Village on the Tulalip Reservation continues to be a growing commercial and shopping hot spot, featuring the Tulalip Resort Casino and hotel, Walmart, Home Depot, Cabela’s and Seattle Premium Outlets with 110 stores.

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Prices are up and inventory is down. The local residential real estate market favors sellers at the moment. But many potential sellers are sitting back to see what happens rather than put their property up for sale.

That’s what Anthony Young and his wife, Briana, of Lake Stevens did for a long time. The Youngs originally put their home on the market in 2011 but took it off after six months produced little interest.

“It was getting close to the holidays and we just weren’t getting that much action,” Anthony Young said.

The couple sat back and waited, watching to see what the market would do. Recently, they were contacted by their real estate agent to let them know that there were now buyers eager to look at their home. The Youngs have relisted and now hope for a quick sale.

It seems likely. Diedre Haines, a regional managing broker in Snohom-ish County for Coldwell Banker Bain and chairwoman of the board of direc-tors for Northwest Multiple Listing Service, sees many houses bringing in multiple offers.

“A lot of buyers out there are very motivated to buy and very frustrated by the fact that there is nothing much to buy,” she said. “We’re just standing at a

place where there is no inventory. The last report I saw was that we had less than a month of standing inventory in Snohomish County.”

According to recent statistics from Northwest Multiple Listing Service, housing inventory around Western Washington has reached its lowest level since February 2006. There is a lot of speculation as to what is responsible for the inventory shortage.

One contributing factor may be that people think that they can’t sell their house for more than they owe on it. That may not be true anymore.

“The best piece of advice that I can give to the consumer is that your house may be worth more than you think and this is a really good time to sell,” Haines said.

There are also fewer bank-owned properties going on the market. HAMP, the Home Affordable Modification Program, and HARP, the Home Affordable Refinance Program, have helped struggling home owners with loan modifications, preventing many foreclosures that resulted after the housing bubble burst and led to the 2008 recession.

Lack of land for sale has affected the new-home market as well. Lynn Eshleman, a past president of the Master Builders Association of King

Residential market gathers momentum

M.L. DEHM / FOR HBJ

Realtor Barbara Nachlinger gets ready to open a model home for prospective buyers in Larimer Highlands near Mill Creek.


that could be the first to not live as well as their parents, a generation not used to having our traditional growth pat-terns and what the effect will be on the economy without the natural upward mobility that we usually expect as peo-ple grow older and their earning power improves,” he said.

However, even in bad economies there are still wants and needs, Hoban added. The future should be a strong market for big-box stores and discount centers. Also, when people don’t have gainful employment and growth, they remain in apartments longer, which will strengthen that market.

“Presently in the county, commercial vacancy rates are still in the teens, and office space — outside of medical and dental space — is still struggling to get filled,” he said. “But apartments and other forms of affordable housing are holding up very well, thriving even.”

“But business growth in and around Quil Ceda Village in north county and Alderwood mall in south county will continue to do well because they each have a concentration of economic activ-ity that will power them,” Hoban said.

As for the Everett Mall, whose own-

ers are battling with lenders over fore-closure and refinancing, future viability could be questionable, he said. Its win-dow of opportunity may have come and gone with the growth of retail centers at Alderwood and Quil Ceda Village.

“Everett’s heavy dependence on Boeing and below-average household income for its citizens is a real problem for outside interests looking to bring opportunities to Everett,” Hoban said.

For 2013, he anticipates the stron-gest investment categories will be in apartments and mobile home parks, with industrial development being next thanks to aerospace businesses.

“In the health-care arena, the strengths of Providence, The Everett Clinic and Swedish Medical Center will with other medical offerings cre-ate growth as a sector, while Class A retail space will thrive and Class B and C space will continue struggling in many locations,” Hoban said. “There’s an upward movement from the weaker locations to the stronger ones in retail. That will continue into 2013,” but new businesses will move into spaces left by Blockbuster, Circuit City and others if they’re located in good retail centers.


Seattle Premium Outlets, at the north end of Quil Ceda Village, offers shopping at more than 100 stores. Construction is under way on an additional 100,000 square feet of retail space that will add more than a dozen new stores in 2013.


The RAM Restaurant and Brewery opened Dec. 3 at the east side of the Seattle Premium Outlets at Quil Ceda Village. RAM has restaurants across the Pacifi c Northwest and in several Midwestern states.

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and Snoho-mish Counties, no longer sees “ghost develop-ments” up for sale that banks repossessed in the recession. That means less available land for builders to start new plats.

“The bank-owned and

FDIC-owned prop-erties are pretty much gone,” Eshleman

said. “There are a few here and there but most of them have been bought up.”

Those that have been purchased are generally owned by larger development companies waiting for the right time to start building, Haines said. That time may be now. She has noted increased activity at old building sites as she drives by them.

Eric Sprink, president and CEO of Coastal Com-munity Bank, has also seen the recent resurgence in residential home building, but through a different indicator.

“We finance construc-tion loans for home builders and we’re seeing the demand for construction loans increase pretty dramatically because the sales volume is increasing dramatically,” he said.

Sprink has also seen, along with continued low interest rates, more first-time home buyers applying for loans and other borrowers refinancing wherever they can. Buyers want to strike deals before mort-gage rates increase or home prices climb any higher.

In October, the median price for single-family homes and condominiums in Snohomish County was up more than 10 percent compared with October 2011. Trends suggest home val-ues may continue to appreciate if new sales listings remain scarce. Haines said price appreciation depends primarily on a home’s neighborhood.

South Snohomish County was once considered the prime local real estate area because of its proximity to King County and its robust job market. But these days many buyers are finding north Snohomish County more desirable. With more biotech and aerospace related firms moving north, fewer workers have to cross the county line for employment.

From the builders’ perspective, Eshleman still prefers south Snohomish County for location. But one thing that Haines, Eshleman and Sprink all agree on is that the county is in pretty good shape overall. That means continued recovery in the real-estate market.

“Yields for the year, at least for us, are higher than our original projections,” Eshleman said. “All our

indications are that we are mov-ing forward quickly.”

Looking closer to home, Haines believes an eco-nomic crisis would have to be pretty severe to affect Snohomish County now.

“We’ve got so many positives going on in our county,” Haines said. “I would say, over the three major counties of the Puget Sound (King, Pierce and Snohomish),

we may be in the best position of the three.”Sprink sees the local picture in terms of the num-

ber of business loan requests that pass through the doors of his bank.

“The trends are positive. We’re seeing it,” he said.

But the real proof is not just whether sellers can sell but whether they can find a replacement to buy. Fortunately for the Youngs, they found a home to buy as they wait for their own to sell.

“It’s a house that had been foreclosed on but it’s in beautiful condition for the price,” Anthony Young said.

REAL ESTATE


Residential housing inventory in Snohomish County is at its lowest

point since 2006. Recent reports suggest there is less than a

month of standing inventory, creating a seller’s market

that’s driving up prices and putting builders

back to work trying to meet

demand.M.L. DEHM

FOR HBJ

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and Snoho-mish Counties, no longer sees “ghost develop-ments” up for sale that banks repossessed in the recession. That means less available land for builders to start new plats.

“The bank-owned and

FDIC-owned prop-erties are pretty much gone,” Eshleman

said. “There are a few here and there but most of them have been bought up.”

Those that have been purchased are generally owned by larger development companies waiting for the right time to start building, Haines said. That time may be now. She has noted increased activity at old building sites as she drives by them.

Eric Sprink, president and CEO of Coastal Com-munity Bank, has also seen the recent resurgence in residential home building, but through a different indicator.

“We finance construc-tion loans for home builders and we’re seeing the demand for construction loans increase pretty dramatically because the sales volume is increasing dramatically,” he said.

Sprink has also seen, along with continued low interest rates, more first-time home buyers applying for loans and other borrowers refinancing wherever they can. Buyers want to strike deals before mort-gage rates increase or home prices climb any higher.

In October, the median price for single-family homes and condominiums in Snohomish County was up more than 10 percent compared with October 2011. Trends suggest home val-ues may continue to appreciate if new sales listings remain scarce. Haines said price appreciation depends primarily on a home’s neighborhood.

South Snohomish County was once considered the prime local real estate area because of its proximity to King County and its robust job market. But these days many buyers are finding north Snohomish County more desirable. With more biotech and aerospace related firms moving north, fewer workers have to cross the county line for employment.

From the builders’ perspective, Eshleman still prefers south Snohomish County for location. But one thing that Haines, Eshleman and Sprink all agree on is that the county is in pretty good shape overall. That means continued recovery in the real-estate market.

“Yields for the year, at least for us, are higher than our original projections,” Eshleman said. “All our

indications are that we are mov-ing forward quickly.”

Looking closer to home, Haines believes an eco-nomic crisis would have to be pretty severe to affect Snohomish County now.

“We’ve got so many positives going on in our county,” Haines said. “I would say, over the three major counties of the Puget Sound (King, Pierce and Snohomish),

we may be in the best position of the three.”Sprink sees the local picture in terms of the num-

ber of business loan requests that pass through the doors of his bank.

“The trends are positive. We’re seeing it,” he said.

But the real proof is not just whether sellers can sell but whether they can find a replacement to buy. Fortunately for the Youngs, they found a home to buy as they wait for their own to sell.

“It’s a house that had been foreclosed on but it’s in beautiful condition for the price,” Anthony Young said.

REAL ESTATE


Residential housing inventory in Snohomish County is at its lowest

point since 2006. Recent reports suggest there is less than a

month of standing inventory, creating a seller’s market

that’s driving up prices and putting builders

back to work trying to meet

demand.M.L. DEHM

FOR HBJ

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Notes: All dollar fi gures shown are based on the closing sales price. Sales fi gures and amounts for 2012 are based on fi gures available through Oct. 31, 2012.

Source: Northwest Multiple Listing Service, November 2012

Single-family homes, 2005MLS Sales, Sales, Average sales price Year-endarea 2005 2004 YTD 2005 YTD 2004 median610 1,909 1,707 $402,764 $340,038 $379,950730 2,579 2,416 $378,068 $318,585 $337,400740 4,058 3,729 $330,923 $283,602 $305,000750 1,659 1,360 $301,484 $262,832 $275,000760 1,503 1,522 $277,624 $237,750 $251,500770 3,041 2,826 $270,476 $227,554 $251,950Total 14,749 13,560 $327,259 $278,029 $297,000Condominiums, 2005610 276 204 $197,988 $192,206 $189,775730 950 857 $231,485 $200,092 $209,950740 1,106 1,040 $183,398 $174,377 $177,990750 82 45 $199,007 $144,395 $185,000760 101 74 $186,147 $153,956 $190,000770 89 78 $191,010 $144,881 $184,400Total 2,604 2,298 $203,346 $183,304 $187,000Combined single-family homes, condos, 2005610 2,185 1,911 $376,898 $324,258 $355,000730 3,529 3,273 $338,607 $287,558 $304,700740 5,164 4,769 $299,326 $259,783 $279,900750 1,741 1,405 $296,658 $259,038 $271,950760 1,604 1,596 $271,863 $233,864 $247,950770 3,130 2,904 $268,216 $225,334 $250,000Total 17,353 15,858 $308,664 $264,302 $279,950

NORTHWEST MULTIPLE LISTING SERVICE

Snohomish County Northwest Multiple Listing Service area sales zones

Single-family homes, 2006MLS Sales, Sales, Average sales price Year-endarea 2006 2005 YTD 2006 YTD 2005 median610 1,773 1,909 $468,308 $402,764 $439,950730 2,551 2,579 $431,520 $378,068 $382,450740 3,658 4,058 $388,981 $330,922 $356,000750 1,390 1,659 $357,408 $301,484 $316,225760 1,643 1,503 $315,431 $277,623 $297,950770 2,767 3,041 $315,201 $270,475 $289,950Total 13,782 14,749 $380,295 $327,259 $345,369Condominiums, 2006610 292 276 $239,598 $197,987 $225,000730 1,047 950 $236,923 $231,484 $214,000740 1,098 1,106 $208,518 $183,398 $197,250750 70 82 $216,562 $199,007 $209,500760 81 101 $211,734 $186,146 $215,000770 105 89 $209,750 $191,010 $212,950Total 2,693 2,604 $223,286 $203,345 $209,950Combined single-family homes, condos 2006610 2,065 2,185 $435,969 $376,897 $419,000730 3,598 3,529 $374,894 $338,606 $345,925740 4,756 5,164 $347,320 $299,326 $327,950750 1,460 1,741 $350,655 $296,658 $310,000760 1,724 1,604 $310,560 $271,863 $293,000770 2,872 3,130 $311,347 $268,215 $287,000Total 16,475 17,353 $354,631 $308,664 $325,000

Snohomish County home sales and prices, 2005-2012

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STATISTICAL SNAPSHOTSingle-family homes, 2007MLS Sales, Sales, Average sales price Year-endarea 2007 2006 YTD 2007 YTD 2006 median610 1,595 1,773 $499,919 $468,308 $471,708730 1,984 2,551 $461,164 $431,520 $400,975740 2,616 3,658 $411,759 $388,980 $369,950750 955 1,390 $385,745 $357,408 $340,000760 1,239 1,643 $349,430 $315,431 $321,000770 2,059 2,767 $345,105 $315,201 $320,000Total 10,448 13,782 $411,694 $380,294 $371,000Condominiums, 2007610 334 292 $255,654 $239,598 $242,700730 844 1,047 $300,783 $236,923 $270,000740 1,026 1,098 $245,244 $208,518 $229,950750 95 70 $207,675 $216,561 $192,500760 69 81 $227,819 $211,733 $222,900770 124 105 $228,856 $209,750 $235,000Total 2,492 2,693 $262,719 $223,285 $239,999Combined, single-family homes, condos, 2008610 1,929 2,065 $457,625 $435,968 $440,000730 2,828 3,598 $413,299 $374,894 $369,521740 3,642 4,756 $364,849 $347,319 $334,990750 1,050 1,460 $369,634 $350,655 $329,725760 1,308 1,724 $343,015 $310,559 $316,875770 2,183 2,872 $338,501 $311,346 $315,000Total 12,940 16,475 $383,004 $354,631 $349,500Single-family homes, 2008MLS Sales, Sales, Average sales price Year-endarea 2008 2007 YTD 2008 YTD 2007 median610 1,055 1,595 $451,470 $499,918 $429,000730 1,096 1,984 $407,605 $461,163 $369,950740 1,562 2,616 $383,554 $411,758 $349,350750 548 955 $359,103 $385,745 $322,000760 835 1,239 $326,878 $349,429 $302,500770 1,195 2,059 $316,903 $345,105 $296,999Total 6,291 10,448 $376,821 $411,694 $345,000Condominiums, 2008610 155 334 $286,372 $255,654 $275,000730 558 844 $293,926 $300,782 $249,245740 584 1,026 $249,178 $245,244 $228,000750 29 95 $238,170 $207,675 $225,000760 149 69 $271,444 $227,818 $279,990770 76 124 $223,494 $228,856 $229,990Total 1,551 2,492 $269,668 $262,719 $247,000Combined single-family homes, condos, 2008610 1,210 1,929 $430,322 $457,624 $411,450730 1,654 2,828 $369,254 $413,299 $335,000740 2,146 3,642 $346,985 $364,849 $320,075750 577 1,050 $353,024 $369,634 $315,000760 984 1,308 $318,484 $343,014 $299,249770 1,271 2,183 $311,319 $338,501 $292,800Total 7,842 12,940 $355,628 $383,004 $325,000Single-family homes, 2009MLS Sales, Sales, Average sales price Year-endarea 2009 2008 YTD 2009 YTD 2008 median610 1,051 1,055 $396,593 $451,470 $380,000730 1,320 1,096 $359,857 $407,605 $325,000740 1,640 1,562 $323,531 $383,553 $299,950750 522 548 $302,182 $359,102 $275,000760 816 835 $281,207 $326,877 $258,000770 1,295 1,195 $266,394 $316,903 $250,000Total 6,644 6,291 $324,294 $376,820 $299,950Condominiums, 2009610 182 155 $272,049 $286,371 $260,225730 459 558 $262,074 $293,925 $250,000740 495 584 $227,786 $249,177 $219,779750 20 29 $165,803 $238,170 $158,250760 87 149 $250,955 $271,444 $256,000770 88 76 $205,174 $223,494 $206,000Total 1,331 1,551 $244,751 $269,668 $235,000Combined single-family homes, condos, 2009610 1,233 1,210 $378,210 $430,321 $360,000730 1,779 1,654 $334,628 $369,254 $305,000740 2,135 2,146 $301,333 $346,984 $284,900750 542 577 $297,149 $353,023 $270,000760 903 984 $278,292 $318,483 $258,000770 1,383 1,271 $262,497 $311,318 $246,945Total 7,975 7,842 $311,018 $355,627 $289,491

Single-family homes, 2010MLS Sales, Sales, Average sales price Year-endarea 2010 2009 YTD 2010 YTD 2009 median610 1,077 1,051 $382,427 $396,592 $360,000730 1,284 1,320 $342,555 $359,857 $300,000740 1,829 1,640 $309,095 $323,531 $280,000750 632 522 $271,466 $302,182 $246,750760 935 816 $259,810 $281,207 $243,990770 1,335 1,295 $252,541 $266,393 $232,500Total 7,092 6,644 $305,792 $324,293 $275,000Condominiums, 2010610 176 182 $215,115 $272,049 $224,500730 368 459 $241,045 $262,074 $230,000740 475 495 $202,933 $227,786 $200,000750 38 20 $167,555 $165,803 $159,500760 97 87 $231,912 $250,954 $241,000770 74 88 $183,293 $205,174 $180,395Total 1,228 1,331 $216,111 $244,751 $210,000Combined single-family homes, condos, 2010610 1,253 1,233 $358,926 $378,209 $343,500730 1,652 1,779 $319,944 $334,628 $289,000740 2,304 2,135 $287,207 $301,333 $262,000750 670 542 $265,573 $297,149 $240,000760 1,032 903 $257,188 $278,292 $242,973770 1,409 1,383 $248,906 $262,497 $230,000Total 8,320 7,975 $292,556 $311,018 $265,000Single-family homes, 2011MLS Sales, Sales, Average sales price Year-endarea 2011 2010 YTD 2011 YTD 2010 median610 1,161 1,077 $356,390 $382,426 $336,450730 1,519 1,284 $303,954 $342,555 $265,000740 1,998 1,829 $266,745 $309,094 $245,000750 696 632 $244,048 $271,466 $225,000760 900 935 $220,544 $259,809 $210,000770 1,497 1,335 $217,307 $252,541 $195,000Total 7,771 7,092 $270,504 $305,792 $243,000Condominiums, 2011610 188 176 $183,312 $215,115 $152,500730 556 368 $214,722 $241,045 $184,873740 540 475 $152,383 $202,932 $125,000750 45 38 $107,058 $167,555 $80,000760 53 97 $168,614 $231,911 $182,000770 163 74 $165,605 $183,293 $171,500Total 1,545 1,228 $179,212 $216,110 $162,000Combined single-family homes, condos, 2011610 1,349 1,253 $332,270 $358,926 $320,335730 2,075 1,652 $280,044 $319,943 $248,000740 2,538 2,304 $242,413 $287,206 $223,250750 741 670 $235,728 $265,573 $215,000760 953 1,032 $217,656 $257,187 $209,900770 1,660 1,409 $212,229 $248,905 $189,900Total 9,316 8,320 $255,364 $292,555 $230,000Single-family homes, through October 2012MLS Sales, Sales, Average sales price YTDarea YTD 2012 YTD 2011 YTD 2012 YTD 2011 median610 1,174 967 $359,405 $356,753 $349,945730 1,460 1,260 $319,462 $301,287 $285,000740 1,977 1,609 $284,062 $267,524 $265,000750 661 567 $248,195 $245,873 $225,000760 876 743 $233,374 $221,282 $225,000770 1,406 1,235 $217,280 $215,510 $201,250Total 7,554 6,381 $281,167 $270,338 $259,900Condominiums, 2012610 183 161 $151,018 $183,890 $122,500730 481 472 $187,586 $220,822 $158,000740 513 435 $154,450 $156,381 $130,000750 43 35 $136,658 $105,582 $75,000760 52 44 $160,352 $171,933 $167,500770 107 136 $156,329 $166,820 $172,500Total 1,379 1,283 $165,366 $183,794 $144,000Combined single-family homes, condos, 2012610 1,357 1,128 $331,303 $332,081 $328,500730 1,941 1,732 $286,782 $279,359 $259,780740 2,490 2,044 $257,360 $243,871 $241,175750 704 602 $241,384 $237,717 $219,450760 928 787 $229,282 $218,523 $220,000770 1,513 1,371 $212,970 $210,679 $199,500Total 8,933 7,664 $263,291 $255,850 $241,604

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Snohomish County housing, 2000-2012Postcensal housing estimates, April 1, 2000, to April 1, 2012

2000 total housing units 236,205 108,986 127,219 4,588 5,321 2,115 505 17,519 38,512 769 873 100 2,234 13,808 9,730 4,769 4,427 8,217 7,146 3,444 1,508 1,291 343 2000 one-unit housing units 155,178 79,739 75,439 3,060 3,742 2,067 386 11,392 18,571 517 634 90 1,778 6,992 5,977 3,185 3,043 5,061 4,589 2,078 1,028 908 341 2000 2+ unit housing units 62,662 15,799 46,863 1,237 895 29 32 6,035 18,720 31 185 6 456 6,236 2,718 1,541 1,271 3,037 2,538 1,269 480 147 - 2000 mobile homes, specials 18,365 13,448 4,917 291 684 19 87 92 1,221 221 54 4 - 580 1,035 43 113 119 19 97 - 236 2 2001 total housing units 241,467 109,969 131,498 4,982 5,603 2,135 569 17,521 40,391 778 944 101 2,335 13,877 10,392 4,981 4,543 8,226 7,289 3,478 1,538 1,469 346 2001 one-unit housing units 158,201 80,496 77,705 3,343 3,750 2,087 404 11,394 19,420 529 699 91 1,874 7,037 6,258 3,353 3,140 5,063 4,701 2,100 1,038 1,080 344 2001 2+ unit housing units 64,232 16,051 48,181 1,259 1,169 29 34 6,036 19,537 31 191 6 460 6,264 2,731 1,598 1,291 3,044 2,569 1,281 500 151 - 2001 mobile homes, specials 19,034 13,422 5,612 380 684 19 131 91 1,434 218 54 4 1 576 1,403 30 112 119 19 97 - 238 2 2002 total housing units 246,812 113,103 133,709 5,200 5,779 2,140 590 17,506 40,923 789 1,028 101 2,371 13,896 10,712 5,400 4,648 8,291 7,377 3,486 1,581 1,526 365 2002 one-unit housing units 161,354 82,621 78,733 3,552 3,760 2,092 416 11,375 19,499 533 730 91 1,910 7,049 6,568 3,406 3,205 5,095 4,789 2,101 1,064 1,135 363 2002 2+ unit housing units 66,266 16,895 49,371 1,271 1,335 29 34 6,038 20,027 33 244 6 460 6,264 2,735 1,966 1,329 3,074 2,569 1,287 517 153 - 2002 mobile homes, specials 19,192 13,587 5,605 377 684 19 140 93 1,397 223 54 4 1 583 1,409 28 114 122 19 98 - 238 2 2003 total housing units 251,964 115,918 136,046 5,487 5,773 2,145 600 17,614 41,228 798 1,090 100 2,420 14,149 11,004 5,727 4,753 8,343 7,680 3,549 1,635 1,564 387 2003 one-unit housing units 164,745 84,850 79,895 3,748 3,756 2,096 423 11,428 19,647 537 786 90 1,955 7,110 6,822 3,448 3,303 5,130 4,857 2,142 1,091 1,141 385 2003 2+ unit housing units 67,898 17,354 50,544 1,358 1,333 29 34 6,093 20,180 35 250 6 464 6,471 2,770 2,252 1,337 3,091 2,804 1,308 544 185 - 2003 mobile homes, specials 19,321 13,714 5,607 381 684 20 143 93 1,401 226 54 4 1 568 1,412 27 113 122 19 99 - 238 2 2004 total housing units 256,654 118,812 137,842 5,655 5,811 2,153 610 17,727 41,560 807 1,132 100 2,483 14,278 11,215 6,038 4,899 8,375 7,731 3,559 1,718 1,590 401 2004 one-unit housing units 168,201 87,200 81,001 3,900 3,794 2,103 430 11,480 19,762 541 824 90 2,017 7,191 7,046 3,498 3,441 5,150 4,908 2,144 1,128 1,155 399 2004 2+ unit housing units 69,006 17,795 51,211 1,374 1,333 29 34 6,154 20,336 35 254 6 464 6,523 2,798 2,517 1,346 3,103 2,804 1,316 588 197 - 2004 mobile homes, specials 19,447 13,817 5,630 381 684 21 146 93 1,462 231 54 4 2 564 1,371 23 112 122 19 99 2 238 2 2005 total housing units 261,762 121,849 139,913 5,762 5,863 2,161 621 17,873 41,981 813 1,150 100 2,502 14,482 11,464 6,265 5,067 8,456 7,781 3,641 1,885 1,621 425 2005 one-unit housing units 171,817 89,765 82,052 3,977 3,838 2,111 440 11,502 19,868 546 842 90 2,032 7,260 7,235 3,520 3,577 5,187 4,958 2,173 1,289 1,184 423 2005 2+ unit housing units 70,268 18,162 52,106 1,404 1,341 29 34 6,276 20,651 35 254 6 468 6,558 2,847 2,722 1,379 3,147 2,804 1,364 588 199 - 2005 mobile homes, specials 19,677 13,922 5,755 381 684 21 147 95 1,462 232 54 4 2 664 1,382 23 111 122 19 104 8 238 2 2006 total housing units 267,697 122,087 145,610 5,953 5,973 2,165 638 18,152 43,304 821 1,157 101 3,536 14,533 12,517 7,371 5,160 8,480 7,876 3,730 1,993 1,713 437 2006 one-unit housing units 176,669 90,559 86,110 4,118 3,925 2,114 453 11,582 20,572 552 849 90 2,849 7,378 7,874 4,615 3,619 5,214 5,034 2,226 1,343 1,268 435 2006 2+ unit housing units 71,530 17,793 53,737 1,454 1,358 29 34 6,475 21,260 35 254 6 655 6,593 3,207 2,732 1,429 3,144 2,823 1,400 642 207 - 2006 mobile homes, specials 19,498 13,735 5,763 381 690 22 151 95 1,472 234 54 5 32 562 1,436 24 112 122 19 104 8 238 2 2007 total housing units 273,241 122,815 150,426 6,476 6,114 2,165 643 18,231 43,580 841 1,198 102 5,009 14,629 14,228 7,442 5,239 8,487 8,019 3,747 2,098 1,739 439 2007 one-unit housing units 181,311 91,360 89,951 4,436 4,007 2,114 458 11,620 20,747 569 890 90 3,938 7,443 9,526 4,684 3,690 5,221 5,108 2,238 1,452 1,283 437 2007 2+ unit housing units 72,396 17,782 54,614 1,659 1,417 29 34 6,515 21,377 35 254 6 955 6,627 3,239 2,732 1,433 3,144 2,892 1,406 642 218 - 2007 mobile homes, specials 19,534 13,673 5,861 381 690 22 151 96 1,456 237 54 6 116 559 1,463 26 116 122 19 103 4 238 2 2008 total housing units 277,565 125,242 152,323 6,624 6,228 2,163 648 18,326 43,895 855 1,233 100 5,486 14,680 14,548 7,493 5,311 8,540 8,040 3,756 2,214 1,743 440 2008 one-unit housing units 184,868 93,345 91,523 4,506 4,078 2,110 465 11,643 20,967 583 924 90 4,415 7,497 9,826 4,762 3,730 5,243 5,129 2,269 1,565 1,283 438 2008 2+ unit housing units 73,244 18,193 55,051 1,735 1,442 32 34 6,586 21,519 35 254 6 955 6,643 3,256 2,732 1,469 3,174 2,892 1,419 646 222 - 2008 mobile homes, specials 19,453 13,704 5,749 383 708 21 149 97 1,409 237 55 4 116 540 1,466 (1) 112 123 19 68 3 238 2 2009 total housing units 280,718 126,821 153,897 6,655 6,334 2,166 653 18,419 44,384 828 1,257 100 5,611 14,713 14,824 7,729 5,339 8,555 8,076 3,807 2,256 1,746 445 2009 one-unit housing units 187,150 94,542 92,608 4,530 4,132 2,115 468 11,675 21,142 588 934 90 4,544 7,523 10,081 4,996 3,743 5,251 5,159 2,305 1,605 1,284 443 2009 2+ unit housing units 74,043 18,549 55,494 1,742 1,442 32 34 6,647 21,833 35 260 6 951 6,652 3,272 2,732 1,483 3,180 2,897 1,426 646 224 - 2009 mobile homes, specials 19,525 13,730 5,795 383 760 19 151 97 1,409 205 63 4 116 538 1,471 1 113 124 20 76 5 238 2 2010 total housing units 286,659 118,025 168,634 6,929 6,702 2,220 644 18,378 44,609 837 1,344 116 10,414 14,939 22,363 7,923 5,306 8,602 8,547 3,959 2,584 1,752 466 2010 one-unit housing units 191,693 86,980 104,713 4,564 4,396 2,162 485 11,685 21,299 525 990 103 8,240 7,640 17,197 5,060 3,740 5,293 5,469 2,380 1,851 1,168 466 2010 2+ unit housing units 75,552 17,613 57,939 1,771 1,510 31 35 6,664 22,076 28 274 6 1,801 6,748 3,935 2,854 1,477 3,207 3,070 1,524 727 201 - 2010 mobile homes, specials 19,414 13,432 5,982 594 796 27 124 29 1,234 284 80 7 373 551 1,231 9 89 102 8 55 6 383 - 2011 total housing units 288,439 119,093 169,346 6,931 6,780 2,226 644 18,396 44,656 831 1348 117 10,470 14,947 22,649 7,991 5,326 8,643 8,574 4,013 2,586 1,752 466 2011 one-unit housing units 193,273 87,871 105,402 4,566 4,474 2,168 486 11,701 21,349 525 994 104 8,293 7,648 17,488 5,129 3,760 5,322 5,496 2,411 1,854 1,168 466 2011 2+ unit housing units 75,765 17,771 57,994 1,771 1,510 31 35 6,665 22,088 28 274 6 1,804 6,748 3,940 2,854 1,477 3,220 3,070 1,545 727 201 - 2011 mobile homes, specials 19,401 13,451 5,950 594 796 27 123 30 1,219 278 80 7 373 551 1,221 8 89 101 8 57 5 383 - 2012 total housing units 290,592 120,564 170,028 6,941 6,817 2,249 644 18,414 44,765 832 1351 117 10,583 14,961 22,868 8,005 5,359 8,684 8,590 4,017 2,608 1,756 467 2012 one-unit housing units 195,018 88,977 106,041 4,587 4,511 2,191 486 11,704 21,436 525 997 104 8,398 7,661 17,701 5,143 3,793 5,364 5,512 2,415 1,877 1,169 467 2012 2+ unit housing units 76,146 17,613 58,034 1,773 1,510 31 35 6,683 22,101 28 274 6 1,812 6,749 3,940 2,854 1,477 3,218 3,070 1,545 727 201 - 2012 mobile homes, specials 19,428 13,475 5,953 581 796 27 123 27 1,228 279 80 7 373 551 1,227 8 89 102 8 57 4 386 -

Notes: The 2010 counts for total housing units represent federal census counts, special city census counts, or OFM adjusted counts that control for annexations occurring between Jan. 1 and April 1 in the decennial census year.

Estimates of housing units by structure type for 2010 are developed using an allocation procedure based on Census 2010 Summary File 1 data, housing completion data reported by cities and counties (2000-2009), annexation census data (2000-2009), and Census 2000 Summary File 3 data. The resulting 2010 estimates maintain the 2010 census counts of total housing units, occupied housing units and population in housing units.

Housing unit estimates after 2010 are developed using housing completion data reported by cities and counties (2011 to present), and annexation census data (2011 to present).Historical postcensal housing unit estimates are revised in cases where more accurate data become available.Source: Washington State Offi ce of Financial Management, November 2012

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AEROSPACE


GRANITE FALLS — Aerospace is a key industry in Washington state, one that is still growing, and Snohomish County is home to many leading aero-space related firms.

One local company that manufactures precision machine parts and assemblies for aerospace, defense and other com-mercial industries is the AS9100-certi-fied Cobalt Enterprises Inc. in Granite Falls.

Cobalt Vice President Paul Clark admits the company tends to run under the radar.

“We don’t have a sales force,” he said. “Work comes in by word of mouth.”

Even so, the company that is housed in two small warehouses off the Moun-tain Loop Highway is projected to bring in more than $6 million in sales this year. Some of their customers include Crane Aerospace, Northwest Aerospace, Jamco America, Systima Technologies and General Dynamics. It’s an impres-sive list for a company that is just eight years old.

“I started it in a garage,” said com-pany President Frederick Schule. What he often doesn’t tell people are the stressful circumstances around the start up. The company that Schule had been working for had closed. His wife, Debbie, who had a pre-existing heart condition, found she needed open-heart surgery. Because the company shut down, she was left with no health insurance.

“COBRA (the federal Consolidated Omnibus Budget Reconciliation Act that allows former employees to remain on a company’s insurance plan) doesn’t apply if the company goes out of busi-ness,” Schule said. “Most people don’t know that.” The medical bills began to pile up along with his worries for her health.

Meanwhile, some customers at the company he used to work for had been left hanging. Schule had to choose between accepting some offers to work for someone else or take a chance, start his own company and take on these customers. He decided to start Cobalt Enterprises Inc.

After four or five months of work-ing out of his garage, Schule noticed some warehouses being built nearby. It seemed like a good location. It was cer-tainly an easy commute and the qual-ity of life was good in Granite Falls. By 2005, Cobalt had moved into the new warehouses and continued to grow.

From the start, Schule laid a few ground rules for his new company that he felt sure would lead to success. He would not do sub-tier work — work for other machine shops. No customer should take more than 25 percent of Cobalt’s manufacturing capacity and quality was paramount. Better to be a little late than to compromise quality, he believed.

“We were even growing during the tough times because of the quality,” Schule said.

He brought in the best state-of-the-art equipment from top company Mori Seiki. It’s a name that carries a lot of weight with customers who are in the know. Then Cobalt started to vertically integrate. Currently they not only offer machining, they can also do assemblies and paint for customers.

When Cobalt was founded, the com-pany’s customers came from a variety of commercial industries. By the time of the 2008 economic downturn, the focus had shifted more towards aero-space. The timing of the shift was good. But because the level of equip-

ment they were purchasing was very high, there were still significant eco-nomic constrictions.

In late 2008, Schule met with his employees and let them decide whether they would accept an across-the-board wage cut or if they should let some co-workers go instead. The employees opted to take the wage cut and keep the team intact.

The team’s move impressed Schule and left him touched by their dedica-tion both to the company and to one another. “I never heard any com-plaints,” he said. After Cobalt posted some profitable quarters, he was glad to be able to restore the employees’ wages.

It was around the time of the economic downturn that Cobalt began taking on additional business from companies that were going under. They were also able to start making small motors for defense industry UAVs, the unmanned aerial vehicles more commonly referred to as drones.

In 2011, Clark joined Cobalt as vice president. A banker introduced Schule

to Clark, thinking they would be a good match. They were.

“We come at it from opposite ends,” Clark said. “Fred’s from the production side and I’m coming from the financial industry.”

Together they plan to refine and grow the business. They are researching lean practices and discovering ways that they can include more vertical integration, not just building a part and sending it but making full assemblies for their customers.

“This level of equipment and capabil-ity isn’t usually found in a little town like Granite Falls,” Schule said.

While most of Cobalt’s employees live in the Granite Falls and Lake Ste-vens area, there are a few that live far-ther away. These are often the employ-ees who hand-deliver parts to their customers as part of the company’s service.

Another person who delivers parts for the company is Debbie Schule.

“She’s doing great,” Schule said.Remembering his own troubles with

health insurance, Schule makes sure his employees are fully covered. He also makes sure they are fully trained in-house and is willing to listen to any suggestions they may have for the firm.

“The only thing we’re not open minded about is quality,” he said.

Tech manufacturer fl ourishes in Granite Falls

M.L. DEHM / FOR HBJ

Hailey Francis assembles panels at Cobalt Enterprises’ warehouses in Granite Falls. The company that began as a precision machine shop in 2004 now also offers assemblies and paint for customers. Vertical integration is one of Cobalt’s goals, said company President Frederick Schule.

M.L. DEHM / FOR HBJ

Machinist Steve Beak sets up parts by one of Cobalt Enterprise’s state-of-the-art Mori Seiki milling machines. Even when fi nances were tight, company President Frederick Schule was determined to buy the highest quality equipment available.

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SNOHOMISH COUNTY AEROSPACE COMPANIES

A&B Quality Finishers Inc. Finishing Snohomish 425-742-7665 Offers specialized deburring and blending fi nishesA.E. Petsche Wiring, supplies Everett www.aepetsche.com Supplier of high-performance interconnect products and related servicesAaron Electronics Corp. Engineering Everett www.aaronelectronics.com Engineering and contract assembly and manufacturing (formerly Bilocon)Absolute Manufacturing Inc. Machining Arlington www.absolutemfg.com Specializes in production CNC milling and CNC turning. ISO 9002ABW Technologies Inc. Machining Arlington www.americanboilerworks.com Designs and manufactures fi xed and mechanical tooling for aerospace. ISO 9001:2000Accra Manufacturing Inc. Machining Bothell www.accramfg.com Manufactures machined aerospace and electronic subassembly partsAccurate Machining Machining Mukilteo 425-745-0227 CNC machining, hardware installation and mechanical assemblyACRO Machining Inc. Machining Arlington acromachining.com Manufactures precision parts; assembles computer-controlled milling machinesAction Grinding and Machining Machining Snohomish www.agmco.net Provides precision grinding on components for aerospace and other industriesAdvanced Designs (B&C Mfg.) Machining Everett 425-787-9968 Aero Mac Inc. Machining Mukilteo aeromacinc.com Provides shot-peening services for the aerospace industry. ISO 9001:2000AeroAcoustics Inc. Consulting, design Everett www.aeroacoustics.com Provides services to manufacturers seeking FAA certifi cation standards. ISO 9001-2000Aerocell Inc. (Zodiac) Materials, plastics Marysville www.aerocell.us Honeycomb sandwich panels, core details, prepregs, resins, adhesives, pottings, edge fi llsAeroform Inc. Sheet metal, welding Marysville www.aeroforminc.com Produces precision sheet-metal parts and assembliesAeroMech Inc. RSVM certifi cation Everett www.aeromechinc.com Aeronautical Testing Service Inc. Design, certifi cation Arlington www.aerotestsvc.com Involved in engineering, development and design of new and modifi ed aircraftAerospace Consulting Consulting, design Everett 425-377-9525 Engineering consultants for aviation industryAerospace Machining Specialists Component repair Arlington www.aerospacemachine.net Repairs aircraft components on aircraft or in shopAMT Machining Arlington www.amtnw.com CNC machining, stretch forming, aluminum, steel, sheet-metal. ISO 9001:2000Aircraft Maintenance and Support Maintenance, parts Mill Creek www.lrt-inc.com Aircraft engine parts, tooling and ground-support equipment. ISO 9001:2000AIT Design Inc. Consulting, design Bothell www.aint.com Designs automated tooling for manufacturing industries. ISO 9001:2000Apache Aerospace Manufacturing, tooling Mukilteo www.apacheaerospace.com Supplier of specialty aircraft tooling since 1982ASCO USA Engineering Mukilteo www.asco.be Design and manufacture of high lift structures, complex mechanical assemblies, major componentsAviation (Cunningham) Inc. Aircraft covers Arlington www.aviationcovers.com Aircraft coversAviation Instrument Service Int’l. Avionics repair Mukilteo www.aviationinstrument.com FAA-licenced repair facility servicing the airline community since 1972Aviation Technical Services (ATS) Maintenance Everett www.atsmro.aero One of 23 worldwide BF Goodrich Aerospace aviation repair and overhaul facilitiesAviation Technologies Inc. Instrumentation Lynnwood www.avtcorp.com AvtechTyee Manufacturing Everett www.avtcorp.com Design, develop and manufacture electronic systemsAvtechTyee Manufacturing Everett www.tyeeair.com Engineer and manufacture aircraft structural componentsB/E Aerospace Manufacturing, systems Marysville www.beaerospace.com Specializing in freighter conversions, crew rest/bunk installations, interior reconfi gurationsBallard Technology Inc. Electronics, design Everett www.ballardtech.com Test cards for aerospace electronics, avionics, fl ight controls, engines. ISO 9001:2000Barton Machine Machining Everett www.bartonmachine.com Provides fi rst-class customer service with a reputation for manufacturing excellence Blue Streak Finishers Ltd. Finishing Everett www.bluestreak-fi nishers.com Capabilities include 3x8x30-foot processing tanks, shot peen, NDT, paint. ISO 9001:2000BMG Industries Machining Arlington 360-435-3928 Machine shop (PTAC)Boeing Commercial Airplanes Manufacturing Everett www.boeing.com Designs, engineers, produces and assembles 747, 767, 777 and 787 commercial aircraftBoundary Layer Research Inc. Manufacturing Everett www.blrvgs.com Performance-safety modifi cations for light-medium twin-engine aircraft. ISO 9001:2000Bridgeways Manufacturing Everett www.bridgeways.org Bridgeways provides contract manufacturing servicesBucher Aerospace Corp. Manufacturing Everett www.bucher-group.com Manufactures carts and galleys for the aircraft industry. ISO 9001:2000C&D Zodiac (NW Composites) Composites Marysville www.zodiac.com Aircraft interiors, autoclave composites, primary composite structures. ISO 9001:200Can Am Aerospace Avionics Everett www.canamaero.com Product certifi cation; design of interiors, avionics-electrical, structures and systemsCannon Aircraft Interiors Interiors Everett cannonaircraftinteriors.com Avionics and interiors for light aircraft, refurbishing and interior electronicsCascade Aviation Services Inc. Interiors Mukilteo www.cascade-aviation.com Aircraft interior modifi cation specialist. ISO 9001:2000Castle and Cook Aviation Fixed-base operator Everett www.castlecookeaviation.com Fueling and aircraft support services for transient and tenant-based aviation customersCNA Manufacturing Systems Inc. Manufacturing Woodinville www.cnafl extool.com Provider of aerospace tooling solutionsCoastal Manufacturing Sheet metal Everett www.coastal-mfg.com Cobalt Enterprises Inc. Manufacturing Granite Falls www.cobaltent.com Precision machined parts and assemblies for aerospace, defense and commercial industriesColeman Machine Machining Mukilteo 425-743-4910 Color-Tech (Division of ASKO) Finishing M. Terrace www.askogroup.com Protective paint fi nishing and removal for industrial and commercial applicationsCommet Precision Products Machine shop Arlington 360-403-7800 Component Products Corp. Machining Mukilteo www.cpc-web.com Provides prototype, CNC, water-jet machining, sheet metal, CAD/CAM/engineeringComposites One Composites Arlington www.compositesone.com Distribution center for composite materials for the marine industry and kit planesContour Aerospace Machining Everett www.contouraerospace.com Commercial and military aircraft parts and components. ISO 9001:2000Covelet Machine and Design Inc. Machine shop Marysville 360-658-1977 Crane Aerospace — Eldec Corp. Manufacturing Lynnwood www.craneaerospace.com Crane Aerospace & Electronics offers sensing, braking systems, electronics and moreCrown Aviation General aviation Everett www.crownaviation.com Small aircraft maintenance facilityCurtiss-Wright Flight Systems Manufacturing Everett 425-355-4422 Flight-systems supportD3 Technologies Consulting, design Mukilteo www.d3tech.com D3 Technologies works with clients on state-of-the-art engineering solutionsDamar Machine Co. Inc. Machining Monroe www.damarmachine.com Systems integration, kitting, point-of-use delivery, supply-chain management services Diversifi ed Industrial Services Sheltered workshops Mukilteo www.godiversifi ed.com Offers cable assembly, mechanical assembly, kitting and bonding. ISO 90001-2000Eaton Aerospace Semiconductors Mukilteo www.eaton.com Produces a broad range of products and services that safely guide commercial aircraftEDJ Precision Machine Inc. Machining Everett www.edjprecision.com Close-tolerance CNC turning and milling, four-axis vertical milling. ISO 9001:2000ElectroImpact Tooling Mukilteo www.electroimpact.com Design and manufacture state-of-the-art aircraft assembly equipment. ISO 9001:2000Erickson International Inc. Consulting, design Edmonds 425-775-2100 Esterline Control Systems Electronics Everett www.esterline.com/korry Integrated solutions for display and controlExcell Aerofab Machining Arlington 360-403-8994 Precision machining of aircraft parts and equipment. ISO 9001:2000Exotic Tool Welding Sheet metal, welding Everett www.exotictoolwelding.com Qualifi ed in commercial aerospace, defense and military specifi cationsFairchild Fasteners (Alcoa) Materials, metals Everett www.alcoa.com Fairchild is comprised of a network including Camloc, Screwcorp and Tridair. Fokker Aerostructures Engineering Mukilteo www.fokker.com Design, development and manufacturing of lightweight structures, modules and landing gearG&M Manufacturing Machining Arlington 360-435-5966 GE Aviation Systems Components Mukilteo www.geaviationsystems.com Giddens Industries Inc. Materials, plastics Everett www.giddens.com Giddens Industries provides world-class team support and advanced quality conceptsGlasair Aviation Kit planes Arlington www.glasairaviation.com Global Machine Works Inc. Machining Arlington globalmachineworks.com Provides CNC machining for aerospace and medical industries. ISO 9001:200034

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AEROSPACE


GRANITE FALLS — Aerospace is a key industry in Washington state, one that is still growing, and Snohomish County is home to many leading aero-space related firms.

One local company that manufactures precision machine parts and assemblies for aerospace, defense and other com-mercial industries is the AS9100-certi-fied Cobalt Enterprises Inc. in Granite Falls.

Cobalt Vice President Paul Clark admits the company tends to run under the radar.

“We don’t have a sales force,” he said. “Work comes in by word of mouth.”

Even so, the company that is housed in two small warehouses off the Moun-tain Loop Highway is projected to bring in more than $6 million in sales this year. Some of their customers include Crane Aerospace, Northwest Aerospace, Jamco America, Systima Technologies and General Dynamics. It’s an impres-sive list for a company that is just eight years old.

“I started it in a garage,” said com-pany President Frederick Schule. What he often doesn’t tell people are the stressful circumstances around the start up. The company that Schule had been working for had closed. His wife, Debbie, who had a pre-existing heart condition, found she needed open-heart surgery. Because the company shut down, she was left with no health insurance.

“COBRA (the federal Consolidated Omnibus Budget Reconciliation Act that allows former employees to remain on a company’s insurance plan) doesn’t apply if the company goes out of busi-ness,” Schule said. “Most people don’t know that.” The medical bills began to pile up along with his worries for her health.

Meanwhile, some customers at the company he used to work for had been left hanging. Schule had to choose between accepting some offers to work for someone else or take a chance, start his own company and take on these customers. He decided to start Cobalt Enterprises Inc.

After four or five months of work-ing out of his garage, Schule noticed some warehouses being built nearby. It seemed like a good location. It was cer-tainly an easy commute and the qual-ity of life was good in Granite Falls. By 2005, Cobalt had moved into the new warehouses and continued to grow.

From the start, Schule laid a few ground rules for his new company that he felt sure would lead to success. He would not do sub-tier work — work for other machine shops. No customer should take more than 25 percent of Cobalt’s manufacturing capacity and quality was paramount. Better to be a little late than to compromise quality, he believed.

“We were even growing during the tough times because of the quality,” Schule said.

He brought in the best state-of-the-art equipment from top company Mori Seiki. It’s a name that carries a lot of weight with customers who are in the know. Then Cobalt started to vertically integrate. Currently they not only offer machining, they can also do assemblies and paint for customers.

When Cobalt was founded, the com-pany’s customers came from a variety of commercial industries. By the time of the 2008 economic downturn, the focus had shifted more towards aero-space. The timing of the shift was good. But because the level of equip-

ment they were purchasing was very high, there were still significant eco-nomic constrictions.

In late 2008, Schule met with his employees and let them decide whether they would accept an across-the-board wage cut or if they should let some co-workers go instead. The employees opted to take the wage cut and keep the team intact.

The team’s move impressed Schule and left him touched by their dedica-tion both to the company and to one another. “I never heard any com-plaints,” he said. After Cobalt posted some profitable quarters, he was glad to be able to restore the employees’ wages.

It was around the time of the economic downturn that Cobalt began taking on additional business from companies that were going under. They were also able to start making small motors for defense industry UAVs, the unmanned aerial vehicles more commonly referred to as drones.

In 2011, Clark joined Cobalt as vice president. A banker introduced Schule

to Clark, thinking they would be a good match. They were.

“We come at it from opposite ends,” Clark said. “Fred’s from the production side and I’m coming from the financial industry.”

Together they plan to refine and grow the business. They are researching lean practices and discovering ways that they can include more vertical integration, not just building a part and sending it but making full assemblies for their customers.

“This level of equipment and capabil-ity isn’t usually found in a little town like Granite Falls,” Schule said.

While most of Cobalt’s employees live in the Granite Falls and Lake Ste-vens area, there are a few that live far-ther away. These are often the employ-ees who hand-deliver parts to their customers as part of the company’s service.

Another person who delivers parts for the company is Debbie Schule.

“She’s doing great,” Schule said.Remembering his own troubles with

health insurance, Schule makes sure his employees are fully covered. He also makes sure they are fully trained in-house and is willing to listen to any suggestions they may have for the firm.

“The only thing we’re not open minded about is quality,” he said.

Tech manufacturer fl ourishes in Granite Falls

M.L. DEHM / FOR HBJ

Hailey Francis assembles panels at Cobalt Enterprises’ warehouses in Granite Falls. The company that began as a precision machine shop in 2004 now also offers assemblies and paint for customers. Vertical integration is one of Cobalt’s goals, said company President Frederick Schule.

M.L. DEHM / FOR HBJ

Machinist Steve Beak sets up parts by one of Cobalt Enterprise’s state-of-the-art Mori Seiki milling machines. Even when fi nances were tight, company President Frederick Schule was determined to buy the highest quality equipment available.

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Gompf Brackets Inc. Materials, plastics Mukilteo www.gompf.com Provides brackets, bezels and retainers to customer specifi cationsGreenpoint Technologies Interiors Everett www.greenpnt.com Provider of interiors to VIP, corporate, government, commercial and head-of-state clientsH&H Machine Machining Edmonds 425-776-1994 Honeywell Components Everett n/a Flight-systems supportID Integration Inc. Consulting, design Mukilteo www.id-integration.com Provides expertise in SPEC2000 part and tool marking and tracking. ISO 9001:2000IDL Precision Machining Machining Mukilteo 425-315-8080 Full-service machine shop providing milling, turning and assemblyInfi nity Fabrication Inc. Machining Arlington www.infi nityfabrication.com Offers precision sheet metal and machined components in aluminum, steel and alloysInnovative Technologies Inc. Materials, plastics Everett innovativetechnologies.biz Encapsulated electronics, custom-molded rubber parts and cast urethaneIntegrated Technologies (Intec) Composites Everett www.in-tec.com Designs, engineers, tests, machines and fabricates advanced material systemsJ.R. Engineering (Quietly Superior) Consulting, design Everett www.quietlysuperior.com Specializes in aircraft noise measurements and analysis. FAA/DOT, JAA, ICAO approvedJamco America Interiors Everett www.jamco-america.com Manufactures galleys, inserts, bar counters and lavatories. ISO 9001:2000JL Manufacturing Manufacturing Everett www.jlmanufacturing.com Manufactures aircraft parts and equipmentK&T Machine Machining Lynnwood 425-347-2157 Kaas Taylored Interiors Mukilteo www.kaastailored.com Manufactures high-quality upholstered and sewn products. ISO 9001:2000Kaman Aerosystems Consulting, design Everett www.kaman.com Engineering technical services, DER, DAR structure aircraft compliance. ISO 9001:2000King Machine Inc. Machining Mukilteo 425-743-5464 Precision machining of small to medium-sized aircraft components. ISO 9001:2000KitPlanes Northwest Manufacturer Arlington www.kitplanesnorthwest.com Assists completion of kit-plane projects, inspections, maintenance, modifi cationsKoch Machine and Tool Machining Arlington 360-474-8017 Labinal Inc. Manufacturing Everett www.labinal.com Aircraft fans, wiring harnesses, fi lters, brake accessories. FAA repair stationLaFarge & Egge Inc. Sheet metal, welding Lynnwood www.lafargeinc.com Provides hydraulic tube bending and sheet metal fabrication services. ISO 9001:2000Lamar Technologies Corp. Manufacturing Marysville www.lamartech.com Manufactures starters, electrical components and voltage controls for aircraftLaz Tool & Manufacturing Inc. Manufacturing Snohomish www.laztool.com Features many automated machining and fabrication services for industryLiebherr-Aerospace SAS Manufacturing Everett www.liebherr.com Supplies digital air supply and cabin air conditioning systems for Boeing 747-8Lord Corp. Composites Bothell www.lord.com Offers vibration and noise-control productsMessier Bugati Wheels, tires, brakes Everett www.messier-bugattiusa.com Supplies wheels and carbon brakes for more than 3,500 commercial aircraft worldwideMetal Motion Machining Arlington www.metalmotion.com AS9100, ISO 9002, ISO 9001:2000 CNC machine shop offers 3-, 4- and 5-axis assembliesMetal Tech Inc. Manufacturing Monroe 360-794-1945 Provides metal fi nishing for the sheet metal, machining and aerospace industriesMicrojet Materials, metals Monroe 360-805-9400 Water-jet cuttingMiller Screw Products Inc. Machining Bothell 253-939-7340 Screw machine job shop produces bushings, screws and washersMonogram Systems (Zodiac) Manufacturing Everett www.monogramsystems.com Water and waste systems for aircraftMOOG Aircraft Group Manufacturing Everett www.moog.com Provides airplane parts to Boeing, assists on 787 DreamlinerMorgan Aero Products Maintenance Everett www.morganaero.com Aircraft ground support, aircraft testing, missile testing and ground support equipmentMorgan Branch CNC Machining Arlington 360-435-7170 Machine shop (PTAC)New Breed Logistics Logistics Everett www.newbreed.com Provides distribution services, reverse logistics and repair, supply-chain consultingNew Tech Industries Inc. Consulting, design Mukilteo www.newtechind.com Provides products for aerospace, defense and commercial applicationsNewell Corp. Maintenance Arlington www.newellcorp.com Services petroleum, steel mill, aircraft and hydroelectronic industriesNorthway Products Inc. Machining Mukilteo northwayproducts.com Provides precision-machined components for maritime, aerospace and commercial usesNorthwest Aerospace Technologies Conversion Everett www.natdesign.com Commercial aircraft modifi cation programs, FAA/Foreign Regulatory Agency approvalNova-Tech Engineering Consulting, design Lynnwood www.ntew.com Nova-Tech Engineering has designed and built many products for diffi cult applicationsOmega Precision Manufacturing Mukilteo www.ometech.net Onamac Industries Machining Everett www.onamac.com High-mix, low-volume aerospace, commercial, medical, military parts. ISO 9001:2000Orion Technologies Consulting, design Snohomish www.oriontechnologies.net PAC-Aero Inc. Machining Everett 425-258-2741 Pacifi ca Engineering Inc. Consulting, design Mukilteo pacifi ca-engineering.com Program management of aircraft and aerospace tooling, fl ight structures. ISO 9001:2000Panasonic Avionics Corp. Avionics Bothell www.mascorp.com Supplier of in-fl ight entertainment and communications systems. ISO 14000Para-Phernalia Inc. Supplies Arlington www.softieparachutes.com Manufactures parachute systems for pilotsProfessional CAD Services Inc. Consulting, design Bothell www.procadservices.com PCSI has a diverse staff engaged in industry design, engineering and manufacturingPentar Avionics Systems Avionics Bothell www.pentar.com Supplies advanced, PC-based automatic test equipment, software and displaysPineda Precision Machining Everett 425-290-5928 Provider of small to medium precision components for commercial and militaryPlexus Manufacturing Inc. Materials, plastics Mukilteo www.plexusman.com Custom injection molder for aerospace, sporting goods and construction marketplacePolaris Machining and Sheet Metal Machining Marysville www.polarismachining.com Provides small to medium-sized machined parts, assemblies and sheet metal to suppliersPrecision Airmotive Corp. Manufacturing Marysville www.precisionairmotive.com Manufactures piston engine fuel control systems for aircraft, helicopters and kit planesPrecision Circuits Inc. Manufacturing Lynnwood 425-778-4980 Serves small to mid-size high-tech and instrumentation customerPrecision Engines Corp. General aviation Everett www.precisionengines.com World’s premier large radial engine and accessory overhaul facilityPrecision Fuel Components LLC Manufacturing Everett www.precisionfuel.com Specializes in small turbine fuel controls; Honeywell authorized warranty-repair stationPrecision Logistics LLC Supplies Silvana www.skypac.com Provides Parker and Stratofl ex hosesPrimus International Swaging Woodinville www.primusint.com Primus International is a Tier II integrator of composites, metallic parts and assembliesPro Tool Manufacturing Manufacturing Everett www.ptmcorp.com CNC machine shop that solves manufacturing needsProcam Machine Inc. Machining Mill Creek www.procammachine.com Manufactures aerospace and aircraft partsQuality Industrial Services Sheet metal, welding Everett 425-348-8825 Fabrication, manufacturing assistance via subcontractors, DI-9000 certifi ed machine shopsQualtest Consultants Inc. Consulting, design Everett n/a Provides nondestructive inspection/NDT Level III consulting and training servicesRockwell Collins Manufacturing Bothell rockwellcollins.com Rolls Royce North America Inc. Consulting, design Everett www.rolls-royce.com Engineering and logistical support for Boeing 787 fl ight test and productionRoyell Manufacturing Inc. Machining Everett www.royell.com Provides CNC and conventional machining and provides assembliesRyerson-Microjet Sheet metal, welding Marysville www.ryerson.com Fabrication in laser or water-jet cutting, forming, welding and assembly servicesScott Aviation Materials, other Snohomish 360-668-7793 Seacast Inc. Machining Marysville www.seacast.com Ferrous and nonferrous investment castings. ISO 9001:2000Sealth Aero-Marine Materials, metals Mill Creek www.sealth.com Latching and hinging mechanisms for aerospace and transportation applicationsSextant Avionique Materials, other Everett 206-355-7112 SKF Aerospace Manufacturing Monroe www.qpm2000.com QPM Aerospace supplies aerospace and defense industries with three divisionsSkills Inc. Sheet metal Arlington www.skillsinc.com Sheet metal, machining and fabrication for aerospace and commercial customersSmiths Aerospace Manufacturing Mukilteo www.smiths-aerospace.com Works with Boeing at this facility Soundair Aviation Services Inc. Maintenance Snohomish www.soundair.com Rotables, engines, airframes, parts; aircraft window, windshield and glass repair-overhaul

SNOHOMISH COUNTY AEROSPACE COMPANIESCompany Services City Contact Description

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Gompf Brackets Inc. Materials, plastics Mukilteo www.gompf.com Provides brackets, bezels and retainers to customer specifi cationsGreenpoint Technologies Interiors Everett www.greenpnt.com Provider of interiors to VIP, corporate, government, commercial and head-of-state clientsH&H Machine Machining Edmonds 425-776-1994 Honeywell Components Everett n/a Flight-systems supportID Integration Inc. Consulting, design Mukilteo www.id-integration.com Provides expertise in SPEC2000 part and tool marking and tracking. ISO 9001:2000IDL Precision Machining Machining Mukilteo 425-315-8080 Full-service machine shop providing milling, turning and assemblyInfi nity Fabrication Inc. Machining Arlington www.infi nityfabrication.com Offers precision sheet metal and machined components in aluminum, steel and alloysInnovative Technologies Inc. Materials, plastics Everett innovativetechnologies.biz Encapsulated electronics, custom-molded rubber parts and cast urethaneIntegrated Technologies (Intec) Composites Everett www.in-tec.com Designs, engineers, tests, machines and fabricates advanced material systemsJ.R. Engineering (Quietly Superior) Consulting, design Everett www.quietlysuperior.com Specializes in aircraft noise measurements and analysis. FAA/DOT, JAA, ICAO approvedJamco America Interiors Everett www.jamco-america.com Manufactures galleys, inserts, bar counters and lavatories. ISO 9001:2000JL Manufacturing Manufacturing Everett www.jlmanufacturing.com Manufactures aircraft parts and equipmentK&T Machine Machining Lynnwood 425-347-2157 Kaas Taylored Interiors Mukilteo www.kaastailored.com Manufactures high-quality upholstered and sewn products. ISO 9001:2000Kaman Aerosystems Consulting, design Everett www.kaman.com Engineering technical services, DER, DAR structure aircraft compliance. ISO 9001:2000King Machine Inc. Machining Mukilteo 425-743-5464 Precision machining of small to medium-sized aircraft components. ISO 9001:2000KitPlanes Northwest Manufacturer Arlington www.kitplanesnorthwest.com Assists completion of kit-plane projects, inspections, maintenance, modifi cationsKoch Machine and Tool Machining Arlington 360-474-8017 Labinal Inc. Manufacturing Everett www.labinal.com Aircraft fans, wiring harnesses, fi lters, brake accessories. FAA repair stationLaFarge & Egge Inc. Sheet metal, welding Lynnwood www.lafargeinc.com Provides hydraulic tube bending and sheet metal fabrication services. ISO 9001:2000Lamar Technologies Corp. Manufacturing Marysville www.lamartech.com Manufactures starters, electrical components and voltage controls for aircraftLaz Tool & Manufacturing Inc. Manufacturing Snohomish www.laztool.com Features many automated machining and fabrication services for industryLiebherr-Aerospace SAS Manufacturing Everett www.liebherr.com Supplies digital air supply and cabin air conditioning systems for Boeing 747-8Lord Corp. Composites Bothell www.lord.com Offers vibration and noise-control productsMessier Bugati Wheels, tires, brakes Everett www.messier-bugattiusa.com Supplies wheels and carbon brakes for more than 3,500 commercial aircraft worldwideMetal Motion Machining Arlington www.metalmotion.com AS9100, ISO 9002, ISO 9001:2000 CNC machine shop offers 3-, 4- and 5-axis assembliesMetal Tech Inc. Manufacturing Monroe 360-794-1945 Provides metal fi nishing for the sheet metal, machining and aerospace industriesMicrojet Materials, metals Monroe 360-805-9400 Water-jet cuttingMiller Screw Products Inc. Machining Bothell 253-939-7340 Screw machine job shop produces bushings, screws and washersMonogram Systems (Zodiac) Manufacturing Everett www.monogramsystems.com Water and waste systems for aircraftMOOG Aircraft Group Manufacturing Everett www.moog.com Provides airplane parts to Boeing, assists on 787 DreamlinerMorgan Aero Products Maintenance Everett www.morganaero.com Aircraft ground support, aircraft testing, missile testing and ground support equipmentMorgan Branch CNC Machining Arlington 360-435-7170 Machine shop (PTAC)New Breed Logistics Logistics Everett www.newbreed.com Provides distribution services, reverse logistics and repair, supply-chain consultingNew Tech Industries Inc. Consulting, design Mukilteo www.newtechind.com Provides products for aerospace, defense and commercial applicationsNewell Corp. Maintenance Arlington www.newellcorp.com Services petroleum, steel mill, aircraft and hydroelectronic industriesNorthway Products Inc. Machining Mukilteo northwayproducts.com Provides precision-machined components for maritime, aerospace and commercial usesNorthwest Aerospace Technologies Conversion Everett www.natdesign.com Commercial aircraft modifi cation programs, FAA/Foreign Regulatory Agency approvalNova-Tech Engineering Consulting, design Lynnwood www.ntew.com Nova-Tech Engineering has designed and built many products for diffi cult applicationsOmega Precision Manufacturing Mukilteo www.ometech.net Onamac Industries Machining Everett www.onamac.com High-mix, low-volume aerospace, commercial, medical, military parts. ISO 9001:2000Orion Technologies Consulting, design Snohomish www.oriontechnologies.net PAC-Aero Inc. Machining Everett 425-258-2741 Pacifi ca Engineering Inc. Consulting, design Mukilteo pacifi ca-engineering.com Program management of aircraft and aerospace tooling, fl ight structures. ISO 9001:2000Panasonic Avionics Corp. Avionics Bothell www.mascorp.com Supplier of in-fl ight entertainment and communications systems. ISO 14000Para-Phernalia Inc. Supplies Arlington www.softieparachutes.com Manufactures parachute systems for pilotsProfessional CAD Services Inc. Consulting, design Bothell www.procadservices.com PCSI has a diverse staff engaged in industry design, engineering and manufacturingPentar Avionics Systems Avionics Bothell www.pentar.com Supplies advanced, PC-based automatic test equipment, software and displaysPineda Precision Machining Everett 425-290-5928 Provider of small to medium precision components for commercial and militaryPlexus Manufacturing Inc. Materials, plastics Mukilteo www.plexusman.com Custom injection molder for aerospace, sporting goods and construction marketplacePolaris Machining and Sheet Metal Machining Marysville www.polarismachining.com Provides small to medium-sized machined parts, assemblies and sheet metal to suppliersPrecision Airmotive Corp. Manufacturing Marysville www.precisionairmotive.com Manufactures piston engine fuel control systems for aircraft, helicopters and kit planesPrecision Circuits Inc. Manufacturing Lynnwood 425-778-4980 Serves small to mid-size high-tech and instrumentation customerPrecision Engines Corp. General aviation Everett www.precisionengines.com World’s premier large radial engine and accessory overhaul facilityPrecision Fuel Components LLC Manufacturing Everett www.precisionfuel.com Specializes in small turbine fuel controls; Honeywell authorized warranty-repair stationPrecision Logistics LLC Supplies Silvana www.skypac.com Provides Parker and Stratofl ex hosesPrimus International Swaging Woodinville www.primusint.com Primus International is a Tier II integrator of composites, metallic parts and assembliesPro Tool Manufacturing Manufacturing Everett www.ptmcorp.com CNC machine shop that solves manufacturing needsProcam Machine Inc. Machining Mill Creek www.procammachine.com Manufactures aerospace and aircraft partsQuality Industrial Services Sheet metal, welding Everett 425-348-8825 Fabrication, manufacturing assistance via subcontractors, DI-9000 certifi ed machine shopsQualtest Consultants Inc. Consulting, design Everett n/a Provides nondestructive inspection/NDT Level III consulting and training servicesRockwell Collins Manufacturing Bothell rockwellcollins.com Rolls Royce North America Inc. Consulting, design Everett www.rolls-royce.com Engineering and logistical support for Boeing 787 fl ight test and productionRoyell Manufacturing Inc. Machining Everett www.royell.com Provides CNC and conventional machining and provides assembliesRyerson-Microjet Sheet metal, welding Marysville www.ryerson.com Fabrication in laser or water-jet cutting, forming, welding and assembly servicesScott Aviation Materials, other Snohomish 360-668-7793 Seacast Inc. Machining Marysville www.seacast.com Ferrous and nonferrous investment castings. ISO 9001:2000Sealth Aero-Marine Materials, metals Mill Creek www.sealth.com Latching and hinging mechanisms for aerospace and transportation applicationsSextant Avionique Materials, other Everett 206-355-7112 SKF Aerospace Manufacturing Monroe www.qpm2000.com QPM Aerospace supplies aerospace and defense industries with three divisionsSkills Inc. Sheet metal Arlington www.skillsinc.com Sheet metal, machining and fabrication for aerospace and commercial customersSmiths Aerospace Manufacturing Mukilteo www.smiths-aerospace.com Works with Boeing at this facility Soundair Aviation Services Inc. Maintenance Snohomish www.soundair.com Rotables, engines, airframes, parts; aircraft window, windshield and glass repair-overhaul

SNOHOMISH COUNTY AEROSPACE COMPANIESCompany Services City Contact Description

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SNOHOMISH COUNTY AEROSPACE COMPANIES

Star Aviation Engineering Everett www.staraviation.com Services include retrofi t modifi cations and new design engineeringSteel-Fab Inc. Materials, metals Arlington www.steel-fab.com Fabricates aluminum, stainless and mild steel for aerospace, marine and other industriesStoddard International LLC Composites Arlington www.stoddardintl.com Manufactures composite aircraft partsStructural Integrity Engineering Consulting, design Everett www.sieinc.com Aircraft and component certifi cation, structural design and analysis and materials testingTNT Enterprises Sheet metal, welding Mill Creek www.tntsheetmetal.com Provides precision sheet metal manufacturingTalon Manufacturing Inc. Machining Arlington 360-403-8910 Handles all types of machined parts, regardless quantity or complexityTCI Scales Inc. Accessories Snohomish www.tciscales.com Electronic monitoring and weighingTECT Aerospace Manufacturing Everett www.tectcorp.com Aerostructure components, sheet metal parts, aircraft tooling, precision machiningTerry’s Machine and Manufacturing Machining Mukilteo terrysmachine.com Quickly manufactures high-quality, cost-effective parts TRW — Lucas Aerospace Manufacturing Everett 425-407-1191 Turning Point Machining Machining Marysville 425-252-7300 TyeeAvtech Manufacturing Everett n/a Umbra Cuscinetti Inc. Machining Everett www.umbragroup.it Manufactures gears and gear components for aircraftUniversal Aerospace Co. Inc. Manufacturing Arlington www.universalaerospace.com Manufactures interior aircraft parts and auxillary equipmentUTC Aerospace-Landing Gear Structures Everett www.goodrich.com Landing Gear Division customers include Boeing, Gulfstream, Sikorsky, Fairchild DornierUTC Aerospace Cargo Systems Manufacturing Everett www.goodrich.com UTC Aerospace-Aerostructures Repair, overhaul Everett www.goodrich.com UTC Aerospace-Interior Products Maintenance Lynnwood www.goodrich.com Aircraft interiorsValberg LLC Manufacturing Monroe www.valbergllc.com Electronic design and manufacturing, control panels and harness buildingVaupell Manufacturing Everett www.vaupell.com Assembly and painting of aircraft interior componentsVector Industries Inc. Machining Everett www.vectorindustries.com Turnkey production, manufacturing, nondestructive testing, fi nal treatmentsWalter Dorwin Teague (Teague) Consulting, design Everett www.teague.com Design services for textiles, visual communications, interiors, 3D imagery, exterior markingsWestwood Precision Inc. Machining Everett www.westwoodprecision.com Produces prototypes and provides long and short production runsWood Associates Consulting, design Snohomish 425-335-1327 Aviation safety consulting and audits, accident investigation and reconstructionXP Modifi cations Manufacturing Arlington www.xpmods.com Aircraft parts and products for the general aviation industry

Source: Economic Alliance Snohomish County, December 2012

Public employers with 400 or more full-time-equivalent workersName Description FTE WebsiteNaval Station Everett U.S. Navy base 6,000 www.cnic.navy.mil/everett/index.htmWashington State (including colleges) state government 6,000 access.wa.govSnohomish County county government 2,500 www.co.snohomish.wa.usEdmonds School District K-12 public education 2,000 www.edmonds.wednet.eduEverett School District K-12 public education 1,900 www.everett.k12.wa.usCity of Everett city government 1,200 www.ci.everett.wa.usMarysville School District school district 1,200 www.msvl.k12.wa.usMonroe Correctional Complex State Department of Corrections 1,000 www.doc.wa.gov/facilities/prison/mcc/default.aspSnohomish County Public Utility District electric utility 950 www.snopud.comCommunity Transit public transit 650 www.commtrans.orgEdmonds Community College higher education 615 www.edcc.eduEverett Community College higher education 600 www.everettcc.eduCascade Valley Hospital medical services 430 www.cascadevalley.org

Private employers with 400 or more full-time equivalent workersName Description FTE WebsiteBoeing aircraft manufacturing 39,000 www.boeing.comProvidence Regional Medical Center medical services 3,500 www2.providence.orgTulalip Tribes Enterprises real estate, retail and gaming 3,100 www.tulaliptribes-nsn.govPremera Blue Cross health insurer 2,400 www.premera.comThe Everett Clinic health care 2,100 www.everettclinic.comPhilips Medical Systems ultrasound technology 2,000 www.medical.philips.comSwedish Edmonds Hospital health care 1,700 www.swedish.orgFluke Corp. (Danaher) electronic test and measurement equipment 1,100 www.fl uke.comAviation Technical Services aircraft repair, maintenance and parts 1,000 www.atsmro.aeroCEMEX sand and gravel mining operations 850 www.cemexusa.comFrontier Communications Northwest communications 800 www.frontier.comCrane Aerospace aerospace electronics 750 www.craneae.comC&D Zodiac aerospace supplier and composites 620 www.cdaerospace.com/home.aspxEsterline Control Systems aerospace electronics 600 www.esterline.comIntermec Technologies wireless data collection and RFID 400 www.intermec.comSonosite medical devices 400 www.sonosite.comPanasonic Avionics aircraft equipment 400 www.panasonic.aero

Sources: Economic Alliance Snohomish County, InfoUSA, Manta. December 2012

Snohomish County’s largest public and private employers

Company Services City Contact Description

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TRANSPORTATION


MONROE — If you are one of the 28,000 commuters a day that drives to and from Monroe and surrounding areas on U.S. 2, you may be wonder-ing when all the congestion due to road work will end.

The Washington State Department of Transportation is a year and a half into a three-year project to widen High-way 522 from two to four lanes just west of the Snohomish River Bridge to 179th Avenue SE in Monroe.

The project also includes four new bridges, including one across the Sno-homish River where steel girders on the east side of the bridge are being fit-ted. This bridge will be one-third of a mile long.

“We are working on three bridges,” right now, said Janice Fahning, project engineer overseeing the Highway 522 and U.S. 2 project.

Crews are also working on the Elliott Road Bridge west of Monroe.

Pouring decks, working on concrete barriers and rock blasting will continue throughout the winter.

Closures and delays are less of a head-ache for drivers who find out informa-tion on the DOT website before mak-ing their journeys.

“People have been really good about it,” Fahning said.

The project is on time and the $128 million budget funded mostly by the 2003 Gas Tax is on target. Once fin-ished, drivers can enjoy the smoother traffic flow and feel safer with a con-crete median separating opposing lanes.

“The result will be a four-lane road-way with safety,” Fahning said.

DOT statistics show 100 collisions on this stretch of Highway 522 from 2006 to 2010. Three of those were fatal collisions and four serious injuries. There were another 54 collisions at the Highway 522-164th Street SE-Main Street interchange.

The improvement to the highway should make it safer and last for about 50 years. Construction is set to be com-plete in late 2014.

Until the entire Highway 522 corri-dor is completed, it will be difficult to calculate the time that drivers will save on the road, DOT public information officer Kris Olsen said.

There are still two more widening projects that need to be completed where the highway will remain at two lanes until funding from the Legisla-ture can be secured.

“Drivers will likely see big travel time improvements if we get the go ahead to move forward on those projects,” Olsen said.

The on-hold plan involves, among other things, replacing the existing intersection at Highway 522 and Para-dise Lake Road in Maltby with a new interchange to alleviate congestion that occurs during morning and afternoon commutes.

A new traffic signal with a freeway interchange, onramps, exits and a new bridge are all part of this proposed effort. The end result will be easier traffic flow and as well as safer roads for drivers. Once project funding is received, it will take three years or more to complete.

Other plans in the works include a seismic retrofitting to the existing Snoho mish River Bridge and a one-mile paving project in summer 2013 between the bridge and Echo Falls Road. The pavement is a maintenance job.

Construction on our roads may be a great hindrance to drivers, but feed-back on recent road improvements is very positive, Fahning said. The ramp built from eastbound Highway 522 to eastbound U.S. 2 in Monroe has made congestion and drive time a lot easier for some. The final work was com-pleted in October.

“We realize it is hard for drivers when we are making improvements,” Fahning said. “We really appreciate everyone’s patience.”

Congestion now will lead to easier drive for years to come

DAN BATES / HERALD FILE 2011

The Highway 522 bridge over the Snohomish River, shown here in March 2011, now carries traffi c in both directions. A second two-lane span, currently under construction, will carry eastbound traffi c into Monroe while the current bridge will carry two lanes of westbound traffi c.

MICHAEL O’LEARY / HERALD FILE 2012

The Washington State Department of Transportation is building a second bridge over the Snohomish River near Monroe, a major component of a long-standing project to widen Highway 522 between Monroe and Highway 9 in Woodinville. This photo shows a bridge pier support after its completion in July 2012.

For more information, go to www.wsdot.wa.gov and click on “Find a Project.”

LEARN MORE

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TRANSPORTATION


MONROE — If you are one of the 28,000 commuters a day that drives to and from Monroe and surrounding areas on U.S. 2, you may be wonder-ing when all the congestion due to road work will end.

The Washington State Department of Transportation is a year and a half into a three-year project to widen High-way 522 from two to four lanes just west of the Snohomish River Bridge to 179th Avenue SE in Monroe.

The project also includes four new bridges, including one across the Sno-homish River where steel girders on the east side of the bridge are being fit-ted. This bridge will be one-third of a mile long.

“We are working on three bridges,” right now, said Janice Fahning, project engineer overseeing the Highway 522 and U.S. 2 project.

Crews are also working on the Elliott Road Bridge west of Monroe.

Pouring decks, working on concrete barriers and rock blasting will continue throughout the winter.

Closures and delays are less of a head-ache for drivers who find out informa-tion on the DOT website before mak-ing their journeys.

“People have been really good about it,” Fahning said.

The project is on time and the $128 million budget funded mostly by the 2003 Gas Tax is on target. Once fin-ished, drivers can enjoy the smoother traffic flow and feel safer with a con-crete median separating opposing lanes.

“The result will be a four-lane road-way with safety,” Fahning said.

DOT statistics show 100 collisions on this stretch of Highway 522 from 2006 to 2010. Three of those were fatal collisions and four serious injuries. There were another 54 collisions at the Highway 522-164th Street SE-Main Street interchange.

The improvement to the highway should make it safer and last for about 50 years. Construction is set to be com-plete in late 2014.

Until the entire Highway 522 corri-dor is completed, it will be difficult to calculate the time that drivers will save on the road, DOT public information officer Kris Olsen said.

There are still two more widening projects that need to be completed where the highway will remain at two lanes until funding from the Legisla-ture can be secured.

“Drivers will likely see big travel time improvements if we get the go ahead to move forward on those projects,” Olsen said.

The on-hold plan involves, among other things, replacing the existing intersection at Highway 522 and Para-dise Lake Road in Maltby with a new interchange to alleviate congestion that occurs during morning and afternoon commutes.

A new traffic signal with a freeway interchange, onramps, exits and a new bridge are all part of this proposed effort. The end result will be easier traffic flow and as well as safer roads for drivers. Once project funding is received, it will take three years or more to complete.

Other plans in the works include a seismic retrofitting to the existing Snoho mish River Bridge and a one-mile paving project in summer 2013 between the bridge and Echo Falls Road. The pavement is a maintenance job.

Construction on our roads may be a great hindrance to drivers, but feed-back on recent road improvements is very positive, Fahning said. The ramp built from eastbound Highway 522 to eastbound U.S. 2 in Monroe has made congestion and drive time a lot easier for some. The final work was com-pleted in October.

“We realize it is hard for drivers when we are making improvements,” Fahning said. “We really appreciate everyone’s patience.”

Congestion now will lead to easier drive for years to come

DAN BATES / HERALD FILE 2011

The Highway 522 bridge over the Snohomish River, shown here in March 2011, now carries traffi c in both directions. A second two-lane span, currently under construction, will carry eastbound traffi c into Monroe while the current bridge will carry two lanes of westbound traffi c.

MICHAEL O’LEARY / HERALD FILE 2012

The Washington State Department of Transportation is building a second bridge over the Snohomish River near Monroe, a major component of a long-standing project to widen Highway 522 between Monroe and Highway 9 in Woodinville. This photo shows a bridge pier support after its completion in July 2012.

For more information, go to www.wsdot.wa.gov and click on “Find a Project.”

LEARN MORE

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TRANSPORTATION


EVERETT — It’s cold and dark, and maybe raining. You are standing at the bus stop just aching to be at home. Did I miss the bus? Is it running late? These are questions every rider asks and can’t have answered until a bus arrives.

But thankfully for bus riders in and around Snohomish County, Commu-nity Transit is making it easier to get bus information, get on board and get to where people want to be — on time.

“We called the project Transit Tech-nologies,” said Martin Munguia, pub-lic information officer at Community Transit in Everett. “It will improve operations as well as customer service.”

Transit Technologies was launched on commuter buses to Seattle in July 2012. A rollout on more CT routes will take place in spring 2013.

The project will cost about $10 mil-lion, Munguia said.

It started three years ago with design and planning. Then the recession hit

and budgets got tight. “We might have had it up and running

a couple of years ago,” Munguia said. But CT staff spread the project out

longer to make sure they got it right without sacrificing service to passengers to pay for it.

The few buses already equipped with new technology are on the Everett-University of Washington route. The remainder of the 30 buses will be ready in a few months. After those vehicles are up and running, CT staff plan to start adding GPS to local buses.

Nine buses serving two different routes were chosen as the pilot vehi-cles. Local buses equipped with new technology are SWIFT vehicles that run between Everett and Shoreline on Highway 99. The last buses for this year rolled out just before Thanksgiving.

“When we started out there was a bunch of problems,” Munguia said. “Just like any pilot.”

At SWIFT bus stations electronic signs will tell customers if the bus is late. There is a 12-minute maximum on wait times.

The technology being used, includ-ing global positioning systems (GPS), on CT buses means that bus locations can be tracked to improve on-time per-formance. Next-bus arrival signs will be installed at SWIFT stations and other major transit centers.

On-board electronic signs, as well as speakers, will let passengers know what stop is next, giving them ample time to prepare to disembark.

Lasers on each bus door will detect when people walk on and off the vehi-cle. Now, passengers are counted when they pay their fare.

“When you get into the million of passengers per year, you get inaccura-cies,” Munguia said.

Pair that technology with GPS, and planners will have tremendous amounts of information to determine how many passengers are boarding buses, when and where.

“If you save five minutes on one trip you can save tens of thousands of dollars per year,” Munguia said.

It’s not just about passengers and

money. The updated systems will give bus drivers more direct communica-tion with CT operations. For a driver to make a call out from a bus it has to be safe for him or her to pick up the radio.

“It’s kind of hit and miss,” Mungia said. With Transit Technologies, drivers

will be able to hit a button for a canned yes or no reply to dispatch when they might need help or a back-up bus.

Even with installation, training for drivers, dispatchers and other staff, the project will continue soon.

“Starting in early 2013 a lot of cus-tomers that take local rides will see the new technology,” Munguia said.

During that time, real-time bus infor-mation will be launched. Instead of a schedule posted at stops, riders will be able to call a four-digit number or use it to access CT’s website and find out when their bus will arrive.

“We can’t control traffic and weather conditions,” Munguia said. “But peo-ple can find out for themselves if the bus is going to be at my stop when scheduled.”

Community Transit puts GPS on its buses

A Community Transit dispatcher sits at a new display terminal used to manage buses. The various screens show where each bus is and provides information on schedule performance such as on time or delays, as well as text conversations with drivers on the road.

COMMUNITY TRANSIT PHOTO

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U.S. NAVY


EVERETT — When huge tug-boats nestled the CVN-68 up to its new berth at Naval Station Everett on June 6, 2012, Mayor Ray Stephanson proclaimed USS Nimitz Appreciation Day. The $6,000 proceeds from a wel-coming business and community lun-cheon organized by Economic Alliance Snohomish County and United Way of Snohomish County were presented to the Navy-Marine Corps Relief Society for military and their families.

“Our community is enriched by the vitality, spirit and diversity of Navy fami-lies,” Stephanson said. “We look forward to engaging the USS Nimitz family as neighbors, friends and colleagues.”

Earlier announcements that CVN-68 would fill the space at the dock previ-ously occupied by CVN-72, the USS Abraham Lincoln, brought obvious relief to civic and economic develop-ment leaders as well as nonprofit orga-nizations, schools and churches where Navy personnel and their families always become deeply involved.

Economically, too, the arrival of the USS Nimitz and its crew of 6,000 sail-ors shored up spirits, restoring the Navy base to a full contingent of battle group ships, including neighboring frigates and destroyers.

Troy McClelland, CEO of Economic Alliance Snohomish County, told his audience that Naval Station Everett’s economic impact on its neighboring communities is estimated at $463 mil-lion annually in salaries, goods and ser-vices for the ship, plus sailors’ spending at local businesses, car dealerships and in the housing market.

Navy involvement includes volunteer-ing with local community groups and contributing $1.5 million to the Com-bined Federal Campaign, managed by United Way of Snohomish County.

Since Naval Station Everett began operating in 1994, its presence has played a major role in the nation’s mili-tary forces. One of the most modern and popular bases in the U.S. Navy, the Everett port employs more than 6,300 active-duty military and civilians.

An extension of the base is the 52-acre Navy Support Complex north of Marys-ville that provides a commissary, base exchange, family support service center, thrift shop, education offices, bachelor and visitor living quarters, a chapel and religious education center, auto hobby shop, ball fields and courts, a 50-room

Navy Lodge and long-term parking for personnel assigned to ships while on deployment.

The Navy estimates payrolls for base personnel reach approximately $160 million annually, but notes that $130 million is added to the economy by the 10,000 jobs related directly or indirectly to the Navy’s presence. Also, retired mil-itary of all service branches in the county receive $138 million in annual pensions that further support the local economy.

Also based in Everett are two guided-missile destroyers, the USS Shoup and USS Momsen, and three guided-missile frigates, the USS Ford, USS Ingraham and USS Rodney Davis. Other ships assigned to the Everett facility include two U.S. Coast Guard cutters, the USCGC Henry Blake and the USCGC Blue Shark, plus the USNS Shasta, part of the Military Sealift Command.

The base became even more valu-able to both the Navy and Snohomish County in 2010 when the $10.3 mil-lion Fleet Region Readiness Center was built as a major training center for West Coast Navy personnel.

It provides as many as 50 programs

for 2,000 military personnel each year. The increase in technology and training capabilities will more than double the course offerings previously available at the base.

Three Navy training centers — the Center for Surface Combat Systems, Center for Service Support and Center for Information Dominance — will use the new facility to train sailors in the use of Navy weapons systems, information technology and Navy logistics.

Classrooms are equipped with net-worked computers that provide access to e-learning and exportable training for sailors on the waterfront. In addi-tion, the building includes lab and office space for courses such as radar naviga-tion, torpedo maintenance and voyage maintenance systems.

The Navy also completed new bache-lor enlisted barracks at the base in 2010, with room to house 500 sailors, and finished building 141 family housing units in Lake Stevens. Then, in 2011, the $32.9 million Everett-Seattle Armed Forces Reserve Center opened to pro-vide a 160,000-square-foot training center and a 20,000-square-foot vehicle maintenance shop. Seahurst Electric of Everett provided all of the wiring and related work for the new center.

Secretary of the Navy Ray Mabus said the decision to base the USS Nimitz in Everett ensures long-term strategic dis-persal of aircraft carriers on the West Coast and saves the Navy more than $100 million due to the reduced cost of moving to Everett and lower housing costs than in San Diego, the ship’s previ-ous home base.

Navy, Nimitz provide economic power

MARK MULLIGAN / HERALD FILE

Lt. Cdr. Russell Lawrence (right) explains features of the USS Nimitz fl ight deck control room to members of the Everett Silvertips on a Sept. 18 tour of the U.S. Navy aircraft carrier in Everett.

“Our community is enriched by the vitality, spirit and diversity of Navy families. We look forward to engaging the USS Nimitz family as neighbors, friends and colleagues.”

Ray Stephanson, Everett mayor

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U.S. NAVY


EVERETT — When huge tug-boats nestled the CVN-68 up to its new berth at Naval Station Everett on June 6, 2012, Mayor Ray Stephanson proclaimed USS Nimitz Appreciation Day. The $6,000 proceeds from a wel-coming business and community lun-cheon organized by Economic Alliance Snohomish County and United Way of Snohomish County were presented to the Navy-Marine Corps Relief Society for military and their families.

“Our community is enriched by the vitality, spirit and diversity of Navy fami-lies,” Stephanson said. “We look forward to engaging the USS Nimitz family as neighbors, friends and colleagues.”

Earlier announcements that CVN-68 would fill the space at the dock previ-ously occupied by CVN-72, the USS Abraham Lincoln, brought obvious relief to civic and economic develop-ment leaders as well as nonprofit orga-nizations, schools and churches where Navy personnel and their families always become deeply involved.

Economically, too, the arrival of the USS Nimitz and its crew of 6,000 sail-ors shored up spirits, restoring the Navy base to a full contingent of battle group ships, including neighboring frigates and destroyers.

Troy McClelland, CEO of Economic Alliance Snohomish County, told his audience that Naval Station Everett’s economic impact on its neighboring communities is estimated at $463 mil-lion annually in salaries, goods and ser-vices for the ship, plus sailors’ spending at local businesses, car dealerships and in the housing market.

Navy involvement includes volunteer-ing with local community groups and contributing $1.5 million to the Com-bined Federal Campaign, managed by United Way of Snohomish County.

Since Naval Station Everett began operating in 1994, its presence has played a major role in the nation’s mili-tary forces. One of the most modern and popular bases in the U.S. Navy, the Everett port employs more than 6,300 active-duty military and civilians.

An extension of the base is the 52-acre Navy Support Complex north of Marys-ville that provides a commissary, base exchange, family support service center, thrift shop, education offices, bachelor and visitor living quarters, a chapel and religious education center, auto hobby shop, ball fields and courts, a 50-room

Navy Lodge and long-term parking for personnel assigned to ships while on deployment.

The Navy estimates payrolls for base personnel reach approximately $160 million annually, but notes that $130 million is added to the economy by the 10,000 jobs related directly or indirectly to the Navy’s presence. Also, retired mil-itary of all service branches in the county receive $138 million in annual pensions that further support the local economy.

Also based in Everett are two guided-missile destroyers, the USS Shoup and USS Momsen, and three guided-missile frigates, the USS Ford, USS Ingraham and USS Rodney Davis. Other ships assigned to the Everett facility include two U.S. Coast Guard cutters, the USCGC Henry Blake and the USCGC Blue Shark, plus the USNS Shasta, part of the Military Sealift Command.

The base became even more valu-able to both the Navy and Snohomish County in 2010 when the $10.3 mil-lion Fleet Region Readiness Center was built as a major training center for West Coast Navy personnel.

It provides as many as 50 programs

for 2,000 military personnel each year. The increase in technology and training capabilities will more than double the course offerings previously available at the base.

Three Navy training centers — the Center for Surface Combat Systems, Center for Service Support and Center for Information Dominance — will use the new facility to train sailors in the use of Navy weapons systems, information technology and Navy logistics.

Classrooms are equipped with net-worked computers that provide access to e-learning and exportable training for sailors on the waterfront. In addi-tion, the building includes lab and office space for courses such as radar naviga-tion, torpedo maintenance and voyage maintenance systems.

The Navy also completed new bache-lor enlisted barracks at the base in 2010, with room to house 500 sailors, and finished building 141 family housing units in Lake Stevens. Then, in 2011, the $32.9 million Everett-Seattle Armed Forces Reserve Center opened to pro-vide a 160,000-square-foot training center and a 20,000-square-foot vehicle maintenance shop. Seahurst Electric of Everett provided all of the wiring and related work for the new center.

Secretary of the Navy Ray Mabus said the decision to base the USS Nimitz in Everett ensures long-term strategic dis-persal of aircraft carriers on the West Coast and saves the Navy more than $100 million due to the reduced cost of moving to Everett and lower housing costs than in San Diego, the ship’s previ-ous home base.

Navy, Nimitz provide economic power

MARK MULLIGAN / HERALD FILE

Lt. Cdr. Russell Lawrence (right) explains features of the USS Nimitz fl ight deck control room to members of the Everett Silvertips on a Sept. 18 tour of the U.S. Navy aircraft carrier in Everett.

“Our community is enriched by the vitality, spirit and diversity of Navy families. We look forward to engaging the USS Nimitz family as neighbors, friends and colleagues.”

Ray Stephanson, Everett mayor

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EVERETT — Last year was a period of strong growth for Economic Alliance Snohomish County and its leaders predict they will build on those achievements in 2013, particularly in spreading the mes-sage that the county is a key location for economic growth in Washington state.

“At our March annual luncheon meet-ing, we’ll be unveiling the most com-prehensive strategic plan for the EASC we’ve created to date,” said CEO Troy McClelland. “It addresses major goals for our growth, attracting and retaining businesses and promoting Snohomish County.”

Founded in 2011 with the merger of the Snohomish County Economic Development Council, the Everett Area Chamber of Commerce and the South Snohomish County Chamber of Com-merce, EASC has gained the strength, support and goal-setting skills and resources it needs to contribute to the economic health of the county, he said in an interview with The Herald Busi-ness Journal, accompanied by Shannon Affholter, EASC’s vice president for business and economic development.

“For the past year we’ve also had growing investments in our organi-zation, up for the first time in years (including support for the previous Sno-homish County Economic Develop-ment Council),” McClellan said. “We’ve also streamlined the EASC, becoming smaller and more efficient. Our pro-

grams have become more effective due to a high-performing core team work-ing in various areas.”

Nearly a dozen businesses in the county were retained by EASC efforts in 2012, through efforts that helped the businesses to either grow their business in Snohomish County or allow them to stay here, he said.

“On the recruitment front during 2012 we’ve seen more businesses interested in Snohomish County because, I believe, of our strong outbound conversations about the strengths of the county as a great place to live, work and do business. From those contacts we’ve found more businesses thinking about the county as a place to be,” McClelland said.

He said EASC also had a strong leg-islative session in 2012, with support for education getting traction, particularly in moving ahead with plans for a four-year university through WSU’s devel-oping presence in Everett and support for community and technical colleges.

“The EASC has been called out by name around the state as an impor-tant partner in economic develop-ment,” he said, “and our core revenue is stable. We’ve invested a lot of time and energy in advocacy for businesses, our small-business programs are more active, counseling is up and we’ve put new Department of Transportation and Department of Defense programs in our 2013 strategic plan.”

He said EASC will continue to be a strong advocate for regional surface transportation, including rail and freight

shipping that play key roles in bringing business to the county and sustaining it.

EASC has also strengthened its part-nership with Workforce Development Council of Snohomish County, high school technical skills training and higher-education programs, including supporting the University of Washington-Bothell.

Also, EASC is actively involved with the Aerospace Joint Apprenticeship Committee, Edmonds Community College’s workforce development and training courses, Everett Community College’s Aerospace Solutions Group, the Sno-Isle Tech Skills Center and the Washington Aerospace Training and Research Center at Paine Field, Emb-ry-Riddle Aeronautical University and Everett Community College’s Corpo-rate and Continuing Education Center.

“No matter how busy we get, we can’t take our eye off the ball in the aerospace industry,” he said. “It’s a dynamic market right now and we want to continue being a greater supporter for those businesses.”

Another fast-developing area is the increase in aerospace and manufacturing industries in Arlington’s business park around the airport, including the former Meridian boat manufacturing company, where empty buildings and land are being marketed to new employers, par-ticularly in aerospace, he said.

“Arlington is a great place for busi-nesses to locate and grow,” McClelland said. “We’re very strong advocates of supporting technical and education pro-grams there as well helping to improve their transportation infrastructure to

help businesses succeed.”Many businesses want to locate in

smaller communities such as Arlington and Snohomish, McClelland said, which are “proving to be good places for busi-ness development and we’re supporting that.”

Affholter said the county is compet-ing with other parts of the state and with other states for business development, particularly in aerospace, and it’s impor-tant to continue building a strong EASC to represent the area and its businesses.

“We’ve worked hard on this, includ-ing reaching out to chambers of com-merce and elected officials around the county,” he said. “We have to be strong locally, statewide and nationally. We have a larger manufacturing index than any other region in the state and we’re growing stronger in supporting it.”

When EASC goes to Olympia, it has more strength now to advocate for the region with its 45,000 aerospace manu-facturing jobs, McClelland said, plus the need for supporting more transporta-tion and business investment.

“In 2013 we’ll continue our work, including supporting Naval Station Ever-ett, its community base in Marysville and the schools, infrastructure and transporta-tion resources needed to serve the base,” said McClelland. “We value the entire base, its ships and personnel as having about a $400 million annual impact on our economy, not including the Navy’s Jim Creek station north of Arlington and the new Armed Forces Reserves training center just opened recently in Marysville.”

Economic Alliance plots growth strategy

Operating revenues from retail electricity sales (in thousands)Year Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec. YTD2007 $53,810 $45,958 $43,410 $42,448 $33,677 $30,992 $33,733 $33,742 $32,991 $43,007 $45,408 $52,604 $491,8612008 $53,878 $53,240 $45,868 $40,319 $36,252 $35,123 $35,517 $31,655 $35,332 $42,392 $40,651 $61,633 $511,8592009 $50,974 $51,569 $46,788 $42,037 $34,847 $35,127 $33,854 $34,210 $36,273 $42,113 $44,106 $60,195 $512,0942010 $53,279 $45,359 $45,329 $41,117 $35,068 $35,458 $34,567 $35,447 $35,508 $42,228 $45,804 $54,007 $503,1712011 $50,577 $45,336 $51,404 $42,216 $38,749 $36,063 $32,643 $36,319 $35,255 $41,265 $47,666 $57,694 $515,1862012 $52,849 $51,340 $47,436 $42,876 $36,291 $35,367 $35,254 $34,947 $34,215 $44,707 NA NA $415,282

New service connection comparison, 2007-2012Year Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec. YTD2007 761 587 581 629 720 621 518 706 575 584 509 464 7,2552008 422 315 508 348 406 423 409 274 393 431 193 316 4,4382009 341 280 549 252 282 305 350 294 367 489 254 286 4,0492010 313 229 281 314 269 270 222 218 238 259 248 292 3,1872011 247 214 238 217 255 213 241 227 192 214 188 239 2,6852012 264 298 223 223 290 222 199 282 255 NA NA NA 2,256Source: Snohomish County PUD, Oct. 15, 2012

Snohomish County PUD electricity sales and new connections

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Year Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec.1998 $1.245 $1.152 $1.071 $1.066 $1.107 $1.134 $1.124 $1.114 $1.110 $1.109 $1.092 $1.0761999 $1.056 $1.017 $1.055 $1.382 $1.395 $1.337 $1.385 $1.439 $1.434 $1.383 $1.357 $1.3882000 $1.387 $1.428 $1.602 $1.690 $1.633 $1.587 $1.638 $1.640 $1.709 $1.720 $1.698 $1.6602001 $1.589 $1.545 $1.549 $1.543 $1.577 $1.617 $1.591 $1.518 $1.664 $1.632 $1.486 $1.2812002 $1.200 $1.168 $1.230 $1.434 $1.460 $1.464 $1.482 $1.488 $1.468 $1.412 $1.410 $1.3822003 $1.387 $1.642 $1.861 $1.785 $1.625 $1.547 $1.599 $1.762 $1.879 $1.661 $1.594 $1.5232004 $1.612 $1.672 $1.790 $1.902 $2.196 $2.265 $2.012 $1.932 $1.993 $2.058 $2.055 $1.9222005 $1.811 $1.923 $2.154 $2.444 $2.427 $2.304 $2.436 $2.602 $2.876 $2.798 $2.497 $2.2342006 $2.235 $2.288 $2.400 $2.764 $3.114 $3.110 $3.017 $2.999 $2.803 $2.530 $2.444 $2.5732007 $2.596 $2.467 $2.762 $3.076 $3.358 $3.140 $2.959 $2.790 $2.875 $2.982 $3.196 $3.1292008 $3.077 $3.163 $3.460 $3.574 $3.859 $4.288 $4.271 $3.977 $3.740 $3.118 $2.191 $1.8122009 $2.012 $2.163 $2.148 $2.302 $2.510 $2.835 $2.704 $2.840 $2.907 $2.760 $2.821 $2.7912010 $2.866 $2.811 $2.976 $3.052 $3.007 $2.937 $2.984 $3.068 $2.943 $3.011 $3.076 $3.1462011 $3.232 $3.337 $3.700 $3.915 $3.993 $3.859 $3.780 $3.753 $3.858 $3.802 $3.674 $3.4442012 $3.437 $3.572 $3.998 $4.076 $4.155 $4.001 $3.567 $3.806 $4.009 $3.964 NA NA

Source: U.S. Bureau of Labor Statistics, November 2012

Seattle metro area unleaded fuel prices, 1998-2012



Seattle metro area piped natural gas, per therm, 1998-2012



Seattle metro area electricity per kilowatt hour, 1998-2012

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Industry 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010All industry total 92.726 92.763 93.82 95.675 100 105.324 112.188 113.911 110.419 112.514 Private industries 92.443 92.251 93.442 95.47 100 105.497 113.231 114.514 109.95 111.956 Agriculture, forestry, fi shing, hunting 94.303 94.444 103.162 96.197 100 110.194 110.552 (D) 101.936 93.571 Crop and animal production (farms) 92.501 89.385 111.894 85.529 100 95.874 76.027 55.547 74.926 (NA) Forestry, fi shing, related activities 94.415 95.262 100.889 98.867 100 113.286 118.441 (D) 108.621 (NA) Mining 132.416 105.106 114.45 97.191 100 120.508 120.536 (D) 125.224 143.855 Utilities 118.407 110.987 111.867 106.639 100 113.796 103.162 122.074 117.866 116.34 Construction 105.422 97.644 97.412 98.774 100 105.174 110.264 106.706 87.692 79.813 Manufacturing 92.493 94.131 85.311 84.348 100 114.38 128.233 127.276 115.485 118.524 Durable goods 94.166 90.438 (D) 84.171 100 117.766 132.248 (D) 123.701 (D) Wood product manufacturing 98.836 80.357 92.669 94.216 100 89.28 100.583 95.037 77.426 (NA) Nonmetallic mineral product manufacturing 94.136 88.829 92.385 96.318 100 92.762 107.983 98.957 84.692 (NA) Fabricated metal product manufacturing 81.437 83.409 81.81 93.611 100 111.908 119.012 113.583 75.39 (NA) Machinery manufacturing 87.761 73.503 72.259 89.611 100 142.086 184.614 186.937 147.805 (NA) Computer and electronic product manufacturing 30.691 32.298 40.511 56.519 100 95.913 108.107 131.698 124.554 (NA) Furniture and related product manufacturing 97.796 88.999 90.749 92.592 100 112.481 112.817 92.887 58.493 (NA) Miscellaneous manufacturing 96.338 104.955 97.569 99.005 100 116.747 116.283 127.411 115.51 (NA) Nondurable goods 85.305 110.703 (D) 85.155 100 99.835 110.999 (D) 81.107 (D) Apparel, leather and allied product manufacturing (D) 87.152 83.234 94.207 100 (D) (D) (D) (D) (NA) Printing and related support activities 107.721 110.593 100.659 108.579 100 107.809 107.258 108.724 94.681 (NA) Petroleum and coal products manufacturing 27.711 62.726 56.05 48.352 100 60.2 60.657 46.296 51.441 (NA) Chemical manufacturing 101.465 320.703 114.555 92.133 100 108.187 111.795 68.745 72.039 (NA) Plastics and rubber products manufacturing 82.18 81.187 85.901 88.217 100 101.768 111.366 75.85 61.586 (NA) Wholesale trade 89.939 88.549 93.278 100.756 100 103.076 108.218 108.987 112.065 116.744 Retail trade 93.079 94.305 94.658 95.941 100 104.968 108.641 103.641 99.305 103.859 Transportation and warehousing 75.72 75.753 81.908 92.475 100 105.494 106.491 105.404 96.032 96.488 Truck transportation 80.276 79.044 80.038 89.444 100 105.734 110.026 102.062 86.403 (NA) Transit and ground passenger transportation 113.013 111.787 100.28 105.646 100 104.692 116.36 114.355 106.422 (NA) Warehousing and storage 55.8 56.781 60.203 89.386 100 105.538 110.566 102.645 98.564 (NA) Information 82.886 89.331 91.337 95.441 100 97.95 116.429 122.23 122.079 131.488 Motion picture and sound recording industries 90.002 82.832 82.288 92.656 100 109.362 115.617 110.329 103.904 (NA) Finance and insurance 94.977 94.271 102.301 98.115 100 106.626 104.907 105.105 103.018 95.858 Securities, commodity contracts, investments (D) (D) (D) (D) 100 107.254 (D) 85.654 84.955 (NA) Insurance carriers and related activities 109.716 98.311 98.843 99.266 100 105.502 111.992 116.568 128.787 (NA) Real estate and rental and leasing 98.495 94.999 95.621 96.761 100 105.24 115.311 121.044 120.751 121.029 Real estate 98.11 95.247 95.982 97.152 100 105.648 115.407 122.183 122.387 (NA) Rental and leasing services and lessors of intangible assets 104.67 91.341 90.186 90.873 100 99.073 113.924 103.804 95.979 (NA) Professional, scientifi c and technical services 92.223 88.737 91.41 93.937 100 105.474 115.432 116.635 112.098 115.449 Management of companies and enterprises 111.381 111.449 117.202 114.674 100 109.403 104.915 104.412 101.416 98.901 Administrative and waste management services 83.949 81.729 89.791 91.735 100 106.098 115.553 114.051 98.955 103.267 Administrative and support services 83.05 81.147 89.9 91.836 100 106.767 113.63 111.751 96.153 (NA) Waste management and remediation services 95.143 88.91 88.488 90.527 100 98.098 138.758 141.705 132.36 (NA) Educational services 107.493 108.022 104.144 107.76 100 100.153 99.551 102.617 98.467 97.592 Health care and social assistance 88.799 91.561 94.294 97.284 100 104.035 107.907 115.004 119.134 122.574 Ambulatory health care services 85.823 88.794 93.354 97.047 100 105.813 110.276 117.865 122.076 (NA) Arts, entertainment and recreation 85.959 85.819 87.977 98.468 100 105.894 104.404 101.471 88.685 92.211 Performing arts, spectator sports, museums and related services 83.574 84.823 89.324 99.955 100 104.326 99.533 93.539 82.04 (NA) Amusement, gambling and recreation 88.808 86.974 86.232 96.54 100 107.982 111.032 112.434 97.859 (NA) Accommodation and food services 94.058 91.636 95.134 98.524 100 106.289 106.105 101.184 90.852 94.336 Accommodation 90.563 89.345 94.564 98.717 100 104.971 110.256 105.477 100.558 (NA) Food services and drinking places 95.119 92.326 95.304 98.466 100 106.685 104.845 99.882 88.02 (NA) Other services, exc. government 100.031 100.456 98.036 99.318 100 101.718 104.194 99.332 92.278 95.098 Government 94.976 97.051 96.941 97.35 100 103.947 104.018 109.088 113.695 116.456 Federal civilian 108.234 112.549 111.544 107.781 100 105.565 101.835 101.495 107.812 (NA) Federal military 81.724 85.743 88.534 91.066 100 102.219 105.107 116.477 128.213 (NA) State and local 95.12 96.303 95.73 96.555 100 104.02 104.211 108.844 111.298 (NA)Addenda: Natural resources and mining 97.708 95.474 104.255 96.308 100 111.585 111.896 102.144 105.416 101.259Trade 91.559 91.471 93.988 98.285 100 104.041 108.435 106.262 105.482 110.103Transportation and utilities 82.134 81.078 86.488 94.706 100 106.911 105.819 108.298 99.868 99.959Financial activities 97.527 94.806 97.495 97.141 100 105.625 112.454 116.665 115.88 114.098Professional and business services 92.732 89.951 94.318 96.087 100 106.144 113.975 114.328 107.603 110.385Education and health services 90.423 93.004 95.179 98.224 100 103.676 107.123 113.83 117.136 120.138Leisure and hospitality 91.729 89.955 93.07 98.508 100 106.175 105.619 101.259 90.248 93.743Information, communication and technology 77.564 84.55 89.395 88.141 100 98.564 (D) (D) (D) (NA)Private goods-producing industries 96.145 95.386 89.226 88.629 100 111.65 122.428 120.36 106.853 106.448Private services-providing industries 91.671 91.603 94.399 97.005 100 104.093 111.13 113.174 110.67 113.248Note: NAICS Industry detail is based on the 2002 North American Industry Classifi cation System (NAICS).(D): Not shown in order to avoid the disclosure of confi dential information; estimates are included in higher level totals.(NA): Not available.Note: On Sept. 29, 2011, statistics of per capita real GDP were updated to incorporate Census Bureau midyear population estimates released on Sept. 28, 2011.Source: U.S. Bureau of Economic Analysis. Last updated Sept. 29, 2011

Quantity indexes for Real GDP, Seattle Metropolitan Area (2005=100)

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Seattle metro area unleaded fuel prices, 1998-2012



Seattle metro area piped natural gas, per therm, 1998-2012



Seattle metro area electricity per kilowatt hour, 1998-2012

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Industry 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010All industry total $157,765 $161,175 $166,425 $173,493 $186,561 $202,414 $220,701 $227,758 $225,434 $231,221 Private industries $141,640 $143,962 $148,293 $154,418 $165,970 $179,993 $197,162 $202,276 $198,213 $202,853 Agriculture, forestry, fi shing, hunting $792 $755 $859 $838 $851 $946 $1,026 (D) $933 $929 Crop and animal production (farms) $142 $125 $177 $162 $157 $141 $151 $111 $112 (NA) Forestry, fi shing and related activities $650 $630 $682 $677 $695 $805 $875 (D) $821 (NA) Mining $100 $83 $95 $94 $123 $173 $196 (D) $212 $263 Mining (exc. oil and gas) (D) (D) $92 (D) (D) $168 $190 (D) (D) (NA) Utilities $1,278 $1,177 $1,214 $1,207 $1,174 $1,524 $1,407 $1,659 $1,797 $1,800 Construction $6,921 $6,693 $6,953 $7,570 $8,569 $9,881 $11,043 $10,752 $9,026 $8,024 Manufacturing $18,656 $19,063 $17,475 $17,491 $21,174 $24,519 $27,325 $27,186 $26,475 $28,052 Durable goods $15,489 $14,947 (D) $14,276 $17,232 $20,456 $22,814 (D) $22,709 (D) Wood product manufacturing $414 $332 $397 $470 $485 $399 $390 $346 $283 (NA) Nonmetallic mineral product manufacturing $447 $432 $436 $460 $512 $537 $623 $544 $515 (NA) Primary metal manufacturing $127 $88 (D) (D) (D) (D) (D) (D) (D) (NA) Fabricated metal product manufacturing $716 $732 $703 $812 $918 $1,023 $1,128 $1,122 $897 (NA) Machinery manufacturing $527 $443 $430 $512 $586 $835 $1,107 $1,122 $1,024 (NA) Computer and electronic product manufacturing $1,053 $987 $1,083 $1,353 $2,172 $1,862 $1,869 $2,054 $1,901 (NA) Electrical equipment, appliance and component manufacturing $284 $278 $289 (D) (D) (D) (D) (D) (D) (NA) Furniture and related product manufacturing $300 $278 $281 $273 $307 $350 $362 $301 $218 (NA) Miscellaneous manufacturing $557 $618 $575 $574 $580 $680 $687 $751 $719 (NA) Nondurable goods $3,168 $4,116 (D) $3,215 $3,942 $4,063 $4,511 (D) $3,766 (D) Food and beverage and tobacco product manufacturing (D) (D) (D) (D) (D) (D) (D) $1,508 (D) (NA) Apparel and leather and allied product manufacturing (D) $81 $77 $85 $88 (D) (D) (D) (D) (NA) Printing and related support activities $417 $403 $365 $388 $367 $411 $404 $396 $358 (NA) Petroleum and coal products manufacturing $164 $294 $325 $300 $840 $586 $662 $511 $405 (NA) Chemical manufacturing $370 $1,193 $434 $349 $392 $437 $451 $318 $373 (NA) Plastics and rubber products manufacturing $343 $342 $354 $354 $413 $464 $494 $346 $320 (NA) Wholesale trade $10,405 $10,174 $10,488 $11,533 $12,004 $12,739 $13,389 $13,659 $12,959 $13,406 Retail trade $10,605 $10,805 $11,153 $11,679 $12,543 $13,488 $13,952 $13,563 $12,927 $13,529 Transportation and warehousing $4,718 $4,783 $5,234 $5,762 $6,078 $6,474 $6,610 $6,669 $6,482 $6,666 Air transportation $1,060 $1,084 (D) (D) (D) (D) (D) (D) (D) (NA) Rail transportation $199 $192 (D) (D) (D) (D) (D) (D) (D) (NA) Truck transportation $994 $999 $1,024 $1,152 $1,288 $1,362 $1,408 $1,317 $1,199 (NA) Transit and ground passenger transportation $228 $233 $219 $235 $229 $248 $282 $280 $280 (NA) Warehousing and storage $216 $222 $238 $371 $416 $447 $485 $465 $455 (NA) Information $17,799 $19,265 $19,573 $19,853 $20,461 $20,123 $23,694 $24,783 $25,106 $26,751 Publishing industries, exc. Internet (D) (D) (D) (D) (D) (D) $15,622 $15,849 $16,204 (NA) Motion picture and sound recording industries $182 $174 $171 $199 $222 $247 $270 $259 $246 (NA) Finance and insurance $9,410 $9,668 $10,850 $10,698 $11,108 $11,918 $11,982 $12,332 $12,172 $11,567 Securities, commodity contracts, investments (D) (D) (D) (D) $1,355 $1,498 (D) $1,437 $1,352 (NA) Insurance carriers and related activities $3,524 $3,295 $3,508 $3,683 $3,843 $4,122 $4,397 $4,526 $5,203 (NA) Real estate and rental and leasing $25,324 $25,317 $26,068 $26,952 $28,551 $31,040 $34,740 $37,419 $37,906 $37,497 Real estate $23,666 $23,869 $24,583 $25,379 $26,769 $29,235 $32,643 $35,419 $36,050 (NA) Rental and leasing services and lessors of intangible assets $1,657 $1,449 $1,485 $1,573 $1,783 $1,805 $2,096 $2,000 $1,857 (NA) Professional, scientifi c and technical services $11,513 $11,202 $11,776 $12,428 $13,674 $14,979 $17,177 $17,684 $17,162 $17,834 Management of companies and enterprises $2,470 $2,511 $2,840 $2,999 $2,847 $3,319 $3,545 $3,483 $3,275 $3,277 Administrative and waste management services $4,013 $4,006 $4,379 $4,587 $5,027 $5,483 $6,189 $6,076 $5,518 $5,823 Administrative and support services $3,683 $3,684 $4,048 $4,241 $4,638 $5,093 $5,621 $5,477 $4,939 (NA) Waste management and remediation services $330 $322 $331 $347 $389 $390 $568 $600 $579 (NA) Educational services $829 $886 $912 $1,006 $994 $1,058 $1,115 $1,210 $1,241 $1,288 Health care and social assistance $7,751 $8,266 $8,797 $9,372 $9,912 $10,565 $11,417 $12,414 $13,370 $14,052 Ambulatory health care services $4,178 $4,392 $4,735 $5,052 $5,316 $5,699 $6,205 $6,734 $7,220 (NA) Hospitals and nursing and residential care facilities (D) (D) (D) (D) (D) (D) $4,049 $4,417 $4,825 (NA) Social assistance (D) (D) (D) (D) (D) (D) $1,164 $1,263 $1,326 (NA) Arts, entertainment and recreation $1,486 $1,524 $1,620 $1,865 $1,952 $2,129 $2,170 $2,155 $1,924 $1,958 Performing arts, spectator sports, museums and related services $792 $831 $913 $1,060 $1,111 $1,202 $1,211 $1,167 $1,049 (NA) Amusement, gambling and recreation $694 $693 $707 $805 $841 $927 $959 $988 $875 (NA) Accommodation and food services $4,085 $4,127 $4,322 $4,604 $4,838 $5,302 $5,587 $5,505 $5,262 $5,491 Accommodation $942 $936 $991 $1,060 $1,121 $1,212 $1,356 $1,320 $1,240 (NA) Food services and drinking places $3,142 $3,191 $3,331 $3,544 $3,717 $4,091 $4,230 $4,185 $4,022 (NA) Other services, exc. government $3,482 $3,657 $3,688 $3,878 $4,090 $4,332 $4,597 $4,552 $4,464 $4,646 Government $16,125 $17,214 $18,132 $19,075 $20,592 $22,421 $23,539 $25,482 $27,221 $28,368 Federal civilian $2,685 $2,972 $3,107 $3,217 $3,104 $3,411 $3,423 $3,464 $3,750 $(NA) Federal military $2,066 $2,352 $2,635 $2,896 $3,464 $3,780 $4,132 $4,720 $5,193 (NA) State and local $11,374 $11,890 $12,390 $12,962 $14,023 $15,230 $15,983 $17,297 $18,278 (NA)

Notes: NAICS Industry detail is based on the 2002 North American Industry Classifi cation System (NAICS). On Sept. 29, 2011, statistics of per capita real GDP were updated to incorporate Census Bureau midyear population estimates released on Sept. 28, 2011. Last updated Sept. 29, 2011.

(D): Not shown in order to avoid the disclosure of confi dential information; estimates are included in higher level totals.(L): Less than $500,000 in nominal or real GDP by metropolitan area.(NA): Not available.(NM): Not meaningful.Source: U.S. Bureau of Economic Analysis, November 2011

Gross Domestic Product, Seattle metro area (millions of current dollars)

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Industry 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010All industry total $157,765 $161,175 $166,425 $173,493 $186,561 $202,414 $220,701 $227,758 $225,434 $231,221 Private industries $141,640 $143,962 $148,293 $154,418 $165,970 $179,993 $197,162 $202,276 $198,213 $202,853 Agriculture, forestry, fi shing, hunting $792 $755 $859 $838 $851 $946 $1,026 (D) $933 $929 Crop and animal production (farms) $142 $125 $177 $162 $157 $141 $151 $111 $112 (NA) Forestry, fi shing and related activities $650 $630 $682 $677 $695 $805 $875 (D) $821 (NA) Mining $100 $83 $95 $94 $123 $173 $196 (D) $212 $263 Mining (exc. oil and gas) (D) (D) $92 (D) (D) $168 $190 (D) (D) (NA) Utilities $1,278 $1,177 $1,214 $1,207 $1,174 $1,524 $1,407 $1,659 $1,797 $1,800 Construction $6,921 $6,693 $6,953 $7,570 $8,569 $9,881 $11,043 $10,752 $9,026 $8,024 Manufacturing $18,656 $19,063 $17,475 $17,491 $21,174 $24,519 $27,325 $27,186 $26,475 $28,052 Durable goods $15,489 $14,947 (D) $14,276 $17,232 $20,456 $22,814 (D) $22,709 (D) Wood product manufacturing $414 $332 $397 $470 $485 $399 $390 $346 $283 (NA) Nonmetallic mineral product manufacturing $447 $432 $436 $460 $512 $537 $623 $544 $515 (NA) Primary metal manufacturing $127 $88 (D) (D) (D) (D) (D) (D) (D) (NA) Fabricated metal product manufacturing $716 $732 $703 $812 $918 $1,023 $1,128 $1,122 $897 (NA) Machinery manufacturing $527 $443 $430 $512 $586 $835 $1,107 $1,122 $1,024 (NA) Computer and electronic product manufacturing $1,053 $987 $1,083 $1,353 $2,172 $1,862 $1,869 $2,054 $1,901 (NA) Electrical equipment, appliance and component manufacturing $284 $278 $289 (D) (D) (D) (D) (D) (D) (NA) Furniture and related product manufacturing $300 $278 $281 $273 $307 $350 $362 $301 $218 (NA) Miscellaneous manufacturing $557 $618 $575 $574 $580 $680 $687 $751 $719 (NA) Nondurable goods $3,168 $4,116 (D) $3,215 $3,942 $4,063 $4,511 (D) $3,766 (D) Food and beverage and tobacco product manufacturing (D) (D) (D) (D) (D) (D) (D) $1,508 (D) (NA) Apparel and leather and allied product manufacturing (D) $81 $77 $85 $88 (D) (D) (D) (D) (NA) Printing and related support activities $417 $403 $365 $388 $367 $411 $404 $396 $358 (NA) Petroleum and coal products manufacturing $164 $294 $325 $300 $840 $586 $662 $511 $405 (NA) Chemical manufacturing $370 $1,193 $434 $349 $392 $437 $451 $318 $373 (NA) Plastics and rubber products manufacturing $343 $342 $354 $354 $413 $464 $494 $346 $320 (NA) Wholesale trade $10,405 $10,174 $10,488 $11,533 $12,004 $12,739 $13,389 $13,659 $12,959 $13,406 Retail trade $10,605 $10,805 $11,153 $11,679 $12,543 $13,488 $13,952 $13,563 $12,927 $13,529 Transportation and warehousing $4,718 $4,783 $5,234 $5,762 $6,078 $6,474 $6,610 $6,669 $6,482 $6,666 Air transportation $1,060 $1,084 (D) (D) (D) (D) (D) (D) (D) (NA) Rail transportation $199 $192 (D) (D) (D) (D) (D) (D) (D) (NA) Truck transportation $994 $999 $1,024 $1,152 $1,288 $1,362 $1,408 $1,317 $1,199 (NA) Transit and ground passenger transportation $228 $233 $219 $235 $229 $248 $282 $280 $280 (NA) Warehousing and storage $216 $222 $238 $371 $416 $447 $485 $465 $455 (NA) Information $17,799 $19,265 $19,573 $19,853 $20,461 $20,123 $23,694 $24,783 $25,106 $26,751 Publishing industries, exc. Internet (D) (D) (D) (D) (D) (D) $15,622 $15,849 $16,204 (NA) Motion picture and sound recording industries $182 $174 $171 $199 $222 $247 $270 $259 $246 (NA) Finance and insurance $9,410 $9,668 $10,850 $10,698 $11,108 $11,918 $11,982 $12,332 $12,172 $11,567 Securities, commodity contracts, investments (D) (D) (D) (D) $1,355 $1,498 (D) $1,437 $1,352 (NA) Insurance carriers and related activities $3,524 $3,295 $3,508 $3,683 $3,843 $4,122 $4,397 $4,526 $5,203 (NA) Real estate and rental and leasing $25,324 $25,317 $26,068 $26,952 $28,551 $31,040 $34,740 $37,419 $37,906 $37,497 Real estate $23,666 $23,869 $24,583 $25,379 $26,769 $29,235 $32,643 $35,419 $36,050 (NA) Rental and leasing services and lessors of intangible assets $1,657 $1,449 $1,485 $1,573 $1,783 $1,805 $2,096 $2,000 $1,857 (NA) Professional, scientifi c and technical services $11,513 $11,202 $11,776 $12,428 $13,674 $14,979 $17,177 $17,684 $17,162 $17,834 Management of companies and enterprises $2,470 $2,511 $2,840 $2,999 $2,847 $3,319 $3,545 $3,483 $3,275 $3,277 Administrative and waste management services $4,013 $4,006 $4,379 $4,587 $5,027 $5,483 $6,189 $6,076 $5,518 $5,823 Administrative and support services $3,683 $3,684 $4,048 $4,241 $4,638 $5,093 $5,621 $5,477 $4,939 (NA) Waste management and remediation services $330 $322 $331 $347 $389 $390 $568 $600 $579 (NA) Educational services $829 $886 $912 $1,006 $994 $1,058 $1,115 $1,210 $1,241 $1,288 Health care and social assistance $7,751 $8,266 $8,797 $9,372 $9,912 $10,565 $11,417 $12,414 $13,370 $14,052 Ambulatory health care services $4,178 $4,392 $4,735 $5,052 $5,316 $5,699 $6,205 $6,734 $7,220 (NA) Hospitals and nursing and residential care facilities (D) (D) (D) (D) (D) (D) $4,049 $4,417 $4,825 (NA) Social assistance (D) (D) (D) (D) (D) (D) $1,164 $1,263 $1,326 (NA) Arts, entertainment and recreation $1,486 $1,524 $1,620 $1,865 $1,952 $2,129 $2,170 $2,155 $1,924 $1,958 Performing arts, spectator sports, museums and related services $792 $831 $913 $1,060 $1,111 $1,202 $1,211 $1,167 $1,049 (NA) Amusement, gambling and recreation $694 $693 $707 $805 $841 $927 $959 $988 $875 (NA) Accommodation and food services $4,085 $4,127 $4,322 $4,604 $4,838 $5,302 $5,587 $5,505 $5,262 $5,491 Accommodation $942 $936 $991 $1,060 $1,121 $1,212 $1,356 $1,320 $1,240 (NA) Food services and drinking places $3,142 $3,191 $3,331 $3,544 $3,717 $4,091 $4,230 $4,185 $4,022 (NA) Other services, exc. government $3,482 $3,657 $3,688 $3,878 $4,090 $4,332 $4,597 $4,552 $4,464 $4,646 Government $16,125 $17,214 $18,132 $19,075 $20,592 $22,421 $23,539 $25,482 $27,221 $28,368 Federal civilian $2,685 $2,972 $3,107 $3,217 $3,104 $3,411 $3,423 $3,464 $3,750 $(NA) Federal military $2,066 $2,352 $2,635 $2,896 $3,464 $3,780 $4,132 $4,720 $5,193 (NA) State and local $11,374 $11,890 $12,390 $12,962 $14,023 $15,230 $15,983 $17,297 $18,278 (NA)

Notes: NAICS Industry detail is based on the 2002 North American Industry Classifi cation System (NAICS). On Sept. 29, 2011, statistics of per capita real GDP were updated to incorporate Census Bureau midyear population estimates released on Sept. 28, 2011. Last updated Sept. 29, 2011.

(D): Not shown in order to avoid the disclosure of confi dential information; estimates are included in higher level totals.(L): Less than $500,000 in nominal or real GDP by metropolitan area.(NA): Not available.(NM): Not meaningful.Source: U.S. Bureau of Economic Analysis, November 2011

Gross Domestic Product, Seattle metro area (millions of current dollars)

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Benchmark March 2011*. Not seasonally adjusted Annual avg. Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec.1996 labor force 296,010 294,490 293,620 296,810 293,030 296,520 294,970 298,510 294,920 294,490 296,340 298,520 299,950Total employment 280,230 274,700 275,110 279,180 276,970 279,770 279,540 283,790 281,380 280,060 282,530 283,920 285,810Total unemployment 15,780 19,790 18,510 17,630 16,060 16,750 15,430 14,720 13,540 14,430 13,810 14,600 14,140Unemployment rate 5.3% 6.7% 6.3% 5.9% 5.5% 5.6% 5.2% 4.9% 4.6% 4.9% 4.7% 4.9% 4.7%1997 labor force 311,250 307,240 307,480 311,840 308,270 311,370 310,970 313,280 310,320 309,750 311,760 315,680 317,110Total employment 298,280 291,480 291,800 297,080 295,550 299,050 298,150 301,660 298,740 297,320 300,090 303,550 304,920Total unemployment 12,970 15,760 15,680 14,760 12,720 12,320 12,820 11,620 11,580 12,430 11,670 12,130 12,190Unemployment rate 4.2% 5.1% 5.1% 4.7% 4.1% 4.0% 4.1% 3.7% 3.7% 4.0% 3.7% 3.8% 3.8%1998 labor force 321,730 323,410 322,900 324,540 319,240 321,870 320,400 321,390 317,810 319,260 321,390 322,760 325,860Total employment 308,440 308,380 308,270 310,310 307,740 309,620 307,150 309,010 305,660 305,650 308,090 309,260 312,190Total unemployment 13,290 15,030 14,630 14,230 11,500 12,250 13,250 12,380 12,150 13,610 13,300 13,500 13,670Unemployment rate 4.1% 4.6% 4.5% 4.4% 3.6% 3.8% 4.1% 3.9% 3.8% 4.3% 4.1% 4.2% 4.2%1999 labor force 328,350 330,220 330,090 331,400 326,210 328,580 327,080 329,750 326,520 326,060 326,670 327,680 330,040Total employment 313,030 314,450 313,250 315,920 311,900 313,360 310,890 315,070 312,280 310,160 311,700 312,610 314,830Total unemployment 15,320 15,770 16,840 15,480 14,310 15,220 16,190 14,680 14,240 15,900 14,970 15,070 15,210Unemployment rate 4.7% 4.8% 5.1% 4.7% 4.4% 4.6% 4.9% 4.5% 4.4% 4.9% 4.6% 4.6% 4.6% 2000 labor force 322,900 326,620 325,780 328,780 323,270 324,210 322,750 320,820 318,930 317,100 319,290 321,900 325,360Total employment 308,350 310,000 308,500 312,440 309,650 309,780 308,710 307,370 305,460 303,410 306,040 307,570 311,260Total unemployment 14,550 16,620 17,280 16,340 13,620 14,430 14,040 13,450 13,470 13,690 13,250 14,330 14,100Unemployment rate 4.5% 5.1% 5.3% 5.0% 4.2% 4.5% 4.4% 4.2% 4.2% 4.3% 4.1% 4.5% 4.3%2001 labor force 329,730 328,350 329,610 333,750 330,610 331,260 330,860 332,010 327,420 326,610 327,210 328,170 330,900Total employment 312,300 311,960 312,010 315,990 314,680 314,830 313,850 316,030 311,620 309,370 309,120 307,910 310,190Total unemployment 17,430 16,390 17,600 17,760 15,930 16,430 17,010 15,980 15,800 17,240 18,090 20,260 20,710Unemployment rate 5.3% 5.0% 5.3% 5.3% 4.8% 5.0% 5.1% 4.8% 4.8% 5.3% 5.5% 6.2% 6.3%2002 labor force 333,170 332,660 334,150 335,640 333,310 334,830 333,620 333,920 331,560 332,360 331,540 331,980 332,470Total employment 309,730 309,930 310,450 310,930 310,130 311,010 309,810 311,330 309,720 308,710 308,400 307,380 308,940Total unemployment 23,440 22,730 23,700 24,710 23,180 23,820 23,810 22,590 21,840 23,650 23,140 24,600 23,530Unemployment rate 7.0% 6.8% 7.1% 7.4% 7.0% 7.1% 7.1% 6.8% 6.6% 7.1% 7.0% 7.4% 7.1%2003 labor force 335,910 333,900 335,120 337,550 334,250 336,600 335,960 336,150 334,880 335,380 335,410 337,710 338,040Total employment 312,000 309,890 309,400 311,750 311,480 312,420 311,110 313,120 312,500 310,260 311,930 314,150 316,040Total unemployment 23,910 24,010 25,720 25,800 22,770 24,180 24,850 23,030 22,380 25,120 23,480 23,560 22,000Unemployment rate 7.1% 7.2% 7.7% 7.6% 6.8% 7.2% 7.4% 6.9% 6.7% 7.5% 7.0% 7.0% 6.5%2004 labor force 339,050 338,490 339,420 342,160 338,290 338,970 338,290 339,200 337,040 336,470 337,910 340,100 342,280Total employment 319,440 315,510 316,460 319,430 319,340 318,900 318,720 321,100 320,110 318,510 319,620 321,670 323,880Total unemployment 19,610 22,980 22,960 22,730 18,950 20,070 19,570 18,100 16,930 17,960 18,290 18,430 18,400Unemployment rate 5.8% 6.8% 6.8% 6.6% 5.6% 5.9% 5.8% 5.3% 5.0% 5.3% 5.4% 5.4% 5.4%2005 labor force 346,770 341,990 341,980 343,060 343,360 345,970 345,570 348,650 347,410 347,640 350,130 351,890 353,500Total employment 328,930 322,660 321,350 324,060 327,100 328,280 327,730 331,680 331,320 329,560 332,730 333,950 336,700Total unemployment 17,840 19,330 20,630 19,000 16,260 17,690 17,840 16,970 16,090 18,080 17,400 17,940 16,800Unemployment rate 5.1% 5.7% 6.0% 5.5% 4.7% 5.1% 5.2% 4.9% 4.6% 5.2% 5.0% 5.1% 4.8%2006 labor force 360,390 355,280 358,220 360,740 358,950 361,050 362,900 361,490 360,500 359,270 360,600 361,770 363,940Total employment 343,720 338,050 339,920 343,490 343,930 344,680 345,750 344,880 344,470 342,840 344,730 344,550 347,410Total unemployment 16,670 17,230 18,300 17,250 15,020 16,370 17,150 16,610 16,030 16,430 15,870 17,220 16,530Unemployment rate 4.6% 4.8% 5.1% 4.8% 4.2% 4.5% 4.7% 4.6% 4.4% 4.6% 4.4% 4.8% 4.5%2007 labor force 364,040 359,650 361,530 363,310 361,030 362,790 365,060 366,780 362,140 364,560 364,970 367,880 368,760Total employment 349,390 342,310 344,620 347,980 348,290 349,300 350,370 352,180 349,100 350,560 350,980 353,250 353,760Total unemployment 14,650 17,340 16,910 15,330 12,740 13,490 14,690 14,600 13,040 14,000 13,990 14,630 15,000Unemployment rate 4.0% 4.8% 4.7% 4.2% 3.5% 3.7% 4.0% 4.0% 3.6% 3.8% 3.8% 4.0% 4.1%2008 labor force 373,780 369,610 370,300 370,960 370,160 371,640 373,630 376,230 374,710 375,050 375,850 376,940 380,300Total employment 354,330 353,660 353,500 354,780 355,790 354,550 354,950 356,990 355,230 355,050 353,020 352,360 352,090Total unemployment 19,450 15,950 16,800 16,180 14,370 17,090 18,680 19,240 19,480 20,000 22,830 24,580 28,210Unemployment rate 5.2% 4.3% 4.5% 4.4% 3.9% 4.6% 5.0% 5.1% 5.2% 5.3% 6.1% 6.5% 7.4%2009 labor force 383,150 379,370 383,250 383,300 382,240 383,860 386,010 386,610 382,350 384,030 383,010 381,900 381,940Total employment 344,460 346,340 346,200 345,920 347,410 346,040 344,870 346,300 344,100 343,420 341,890 341,150 339,940Total unemployment 38,690 33,030 37,050 37,380 34,830 37,820 41,140 40,310 38,250 40,610 41,120 40,750 42,000Unemployment rate 10.1% 8.7% 9.7% 9.8% 9.1% 9.9% 10.7% 10.4% 10.0% 10.6% 10.7% 10.7% 11.0%2010 labor force 387,140 387,920 388,600 389,800 389,680 388,470 388,650 388,250 383,970 385,190 385,540 385,310 384,290Total employment 346,210 344,110 344,340 347,340 350,270 348,830 346,790 347,320 345,130 345,230 345,370 344,060 345,730Total unemployment 40,930 43,810 44,260 42,460 39,410 39,640 41,860 40,930 38,840 39,960 40,170 41,250 38,560Unemployment rate 10.6% 11.3% 11.4% 10.9% 10.1% 10.2% 10.8% 10.5% 10.1% 10.4% 10.4% 10.7% 10.0%2011 labor force 385,370 384,470 386,560 386,360 383,260 384,720 386,220 386,740 383,560 386,840 385,590 385,400 384,760Total employment 349,640 344,120 345,840 347,820 348,300 349,230 348,090 349,790 350,400 352,730 352,420 352,830 354,110Total unemployment 35,730 40,350 40,720 38,540 34,960 35,490 38,130 36,950 33,160 34,110 33,170 32,570 30,650Unemployment rate 9.3% 10.5% 10.5% 10.0% 9.1% 9.2% 9.9% 9.6% 8.6% 8.8% 8.6% 8.5% 8.0%2012 labor force 388,090 384,570 386,210 387,180 386,390 389,180 392,410 391,810 385,240 389,770Total employment 356,110 350,990 351,710 354,400 358,810 358,320 359,850 357,210 353,390 360,290Total unemployment 31,980 33,580 34,500 32,780 27,580 30,860 32,560 34,600 31,850 29,480 Unemployment rate 8.2% 8.7% 8.9% 8.5% 7.1% 7.9% 8.3% 8.8% 8.3% 7.6% *: Offi cial U.S. Department of Labor, Bureau of Labor Statistics data. Note: Detail may not add or divide due to rounding.Source: Washington State Employment Security Department, Labor Market and Economic Analysis Branch. Oct. 23, 2012

Snohomish County civilian labor force and employment, 1996-2012

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Business sector (retail trade, NAICS no.) 2004 sales 2005 sales 2006 sales 2007 sales 2008 sales 2009 sales 2010 sales 2011 sales 2012 Q1 2012 Q2Motor vehicles, parts; 441 $1,321,553,997 $1,431,450,926 $1,517,822,206 $1,555,036,478 $1,237,851,839 $1,067,858,083 $1,103,377,360 $1,175,880,476 $309,910,407 $343,932,266 New, used auto dealers; 4411 $1,035,774,969 $1,119,422,669 $1,177,743,620 $1,209,172,935 $952,647,793 $822,040,616 $848,623,034 $921,129,802 $244,962,073 $266,486,792 RV, boat, motorcycle dealers; 4412 $139,438,763 $153,518,964 $166,200,191 $167,409,347 $120,143,341 $91,516,060 $80,781,485 $78,702,149 $17,533,443 $30,010,279 Automotive parts, tires; 4413 $146,340,265 $158,509,293 $173,878,395 $178,454,196 $165,060,705 $154,301,407 $173,972,840 $176,048,525 $47,414,891 $47,435,195 Furniture, home furnishing; 442 $160,576,327 $198,667,394 $218,146,172 $221,823,205 $182,889,674 $154,546,462 $157,711,033 $162,896,598 $38,807,917 $40,967,556 Electronics, appliances; 443 $245,347,258 $277,322,498 $306,031,212 $320,973,609 $319,022,784 $266,142,350 $270,768,709 $272,407,376 $62,158,001 $62,368,801 Appliances, TV, other electronics; 44311 $145,308,970 $169,906,045 $198,787,217 $216,090,252 $196,517,688 $163,755,520 $157,037,503 $152,519,632 * * Computers, software; 44312 $93,762,895 $101,503,183 $101,366,023 $99,272,378 $118,639,670 $99,373,807 $111,663,410 $117,809,998 * * Camera, photo supplies; 44313 $6,275,393 $5,913,270 $5,877,972 $5,610,979 $3,865,426 $3,013,023 $2,067,796 $2,077,746 * *Building matls., garden equip., supplies; 444 $466,053,710 $512,784,750 $558,853,937 $563,293,044 $489,113,515 $409,097,174 $410,223,440 $407,547,001 $87,451,837 $127,021,431 Building materials; 4441 $420,307,207 $467,954,945 $509,323,233 $501,361,294 $437,748,753 $365,336,005 $368,904,411 $362,748,520 $79,136,741 $110,684,740 Lawn-garden supplies, equipment; 4442 $45,746,503 $44,829,805 $49,530,704 $61,931,750 $51,364,762 $43,761,169 $41,319,029 $44,798,481 $8,315,096 $16,336,691 Food-beverage stores; 445 $314,095,641 $296,593,179 $311,883,911 $333,691,097 $344,101,209 $344,473,407 $352,505,333 $341,354,817 $82,140,251 $90,547,707 Grocery, convenience stores; 4451 $307,479,956 $287,623,203 $301,772,593 $322,289,783 $332,210,271 $331,883,721 $336,586,811 $325,700,622 $78,203,444 $85,881,963 Other food, beverage stores; 4452, 4453 $6,615,685 $8,969,976 $10,111,318 $11,401,314 $11,890,938 $12,589,686 $15,918,522 $15,654,195 $3,936,807 $4,665,744 Drug-health stores; 446 $111,232,901 $126,685,276 $142,099,604 $151,914,419 $151,896,147 $157,525,566 $165,685,957 $177,643,160 $41,326,262 $43,975,611 Gas stations, conv. stores w/pumps; 447 $96,078,102 $98,334,904 $105,275,705 $111,454,295 $112,943,484 $115,668,615 $127,495,016 $131,357,631 $30,788,025 $33,214,405 Apparel, accessories; 448 $297,020,681 $404,602,014 $490,424,328 $570,994,484 $551,207,263 $507,790,484 $539,154,293 $578,740,529 $115,349,134 $138,234,308 Clothing, shoe stores; 4481, 4482 $254,428,181 $345,947,276 $419,062,492 $489,499,647 $474,334,918 $430,757,201 $454,640,108 $490,165,224 $97,449,984 $117,700,892 Jewelry, luggage stores; 4483 $42,592,500 $58,654,738 $71,361,836 $81,494,837 $76,872,345 $77,033,283 $84,514,185 $88,575,305 $17,899,150 $20,533,416 Sporting goods, toys, book, music stores; 451 $164,190,757 $171,456,922 $182,358,471 $194,583,490 $188,203,282 $197,994,318 $211,221,405 $219,050,158 $46,150,122 $63,649,494 Sporting goods, toys, hobby-craft; 4511 $121,980,583 $134,740,848 $145,337,426 $157,296,676 $155,303,778 $167,400,957 $180,321,482 $187,842,872 $42,750,864 $60,164,249 Book-periodical-music store; 4512 $42,210,174 $36,716,074 $37,021,045 $37,286,814 $32,899,504 $30,593,361 $30,899,923 $31,207,286 $3,399,258 $3,485,245 General merchandise stores; 452 $837,505,275 $922,750,579 $1,059,511,428 $1,135,397,697 $1,090,606,084 $1,087,309,618 $1,124,458,960 $1,138,788,976 $245,871,656 $263,748,684 Department stores; 4521 $337,870,238 $342,802,406 $364,381,382 $369,315,095 $333,915,261 $327,200,889 $329,281,398 $329,955,211 $68,351,954 $74,733,488 General merchandise stores; 4529 $499,635,037 $579,948,173 $695,130,046 $766,082,602 $756,690,823 $760,108,729 $795,177,562 $808,833,765 $177,519,702 $189,015,196 E-commerce, mail order; 4541 $25,967,825 $35,451,449 $41,826,214 $48,404,093 $58,334,645 $64,884,708 $84,307,583 $105,981,534 $26,909,950 $28,062,588 Miscellaneous retailers; 453, 4542, 4543 $341,695,277 $409,842,863 $512,066,079 $552,201,297 $554,249,551 $495,961,493 $495,451,564 $510,060,675 $122,938,652 $119,752,467 Sector total: $4,381,317,751 $4,885,942,754 $5,446,299,267 $5,759,767,208 $5,280,419,477 $4,869,252,278 $5,042,360,652 $5,221,708,931 $1,209,802,214 $1,355,475,318

Agriculture, forestry, fi shing; 11 $6,094,026 $5,729,120 $6,820,219 $6,557,508 $3,332,826 $2,954,329 $3,087,354 $3,371,152 $548,356 $744,522 Mining; 21 $17,997,168 $23,731,500 $25,642,241 $26,895,592 $13,033,067 $4,613,880 $5,065,382 $6,974,020 $831,051 $1,026,164 Utilities; 22 $5,615,913 $6,268,128 $4,213,070 $5,181,756 $5,785,122 $4,722,338 $4,556,724 $5,814,715 $1,587,218 $1,880,932

Construction; 23 Construction of buildings; 236 $665,487,207 $789,534,728 $1,044,962,901 $1,177,250,456 $1,072,290,776 $862,126,774 $822,219,264 $595,677,233 $132,805,745 $151,002,247 Heavy construction, highways; 237 $127,683,558 $147,401,563 $197,309,344 $193,629,728 $238,795,002 $304,814,581 $244,140,088 $111,692,020 $31,571,314 $29,568,141 Special trade contractors; 238 $578,398,782 $701,067,534 $816,493,102 $858,748,786 $671,523,035 $464,036,296 $450,442,784 $469,749,867 $101,050,190 $127,005,360 Sector total: $1,371,569,547 $1,638,003,825 $2,058,765,347 $2,229,628,970 $1,982,608,813 $1,630,977,651 $1,516,802,136 $1,177,119,120 $265,427,249 $307,575,748

Manufacturing; 31-33 $221,956,473 $241,877,836 $258,729,768 $287,158,562 $252,455,875 $170,958,577 $167,404,360 $190,151,006 $38,102,476 $39,654,479

Wholesale trade; 42 Durable goods; 423 $414,882,204 $506,812,006 $521,459,658 $575,990,343 $504,839,920 $429,398,828 $456,451,905 $509,821,842 $112,673,932 $124,038,871 Nondurable goods; 424 $101,901,923 $108,454,988 $124,958,618 $145,331,968 $134,931,996 $127,762,921 $132,687,878 $148,114,978 $33,496,845 $37,850,640 Electronic markets, agents, brokers; 425 $687,377 $954,926 $2,168,365 $1,542,183 $3,349,668 $2,437,894 $1,944,788 $1,683,804 $435,952 $442,539 Sector total: $517,471,504 $616,221,920 $648,586,641 $722,864,494 $643,121,584 $559,599,643 $591,084,570 $659,620,624 $146,606,729 $162,332,050

Transportation, warehousing; 48-49 $22,221,257 $25,893,492 $28,998,324 $32,772,318 $32,535,510 $27,492,907 $27,912,360 $28,133,407 $7,145,626 $7,399,367 Information; 51 $431,499,188 $460,025,028 $431,162,159 $522,756,686 $505,300,971 $440,232,701 $466,156,312 $471,483,606 $113,709,956 $110,533,021 Finance, insurance; 52 $124,686,414 $126,043,666 $122,134,644 $112,259,187 $85,041,082 $74,909,855 $57,582,129 $54,475,887 $14,334,309 $15,743,628 Real estate, rental-leasing; 53 $207,716,295 $224,758,670 $241,671,136 $246,795,236 $225,314,032 $194,187,911 $176,309,339 $162,138,905 $39,328,779 $44,145,097 Professional, scientifi c, technical svcs.; 54 $92,503,220 $120,292,453 $158,071,530 $141,897,906 $144,162,406 $108,997,600 $135,177,341 $141,461,389 $30,601,198 $30,790,811 Management, education, health svcs.; 55-62 $170,079,220 $191,264,341 $216,332,798 $241,610,930 $245,499,351 $218,594,836 $218,269,515 $230,818,073 $54,567,752 $58,576,630 Arts, entertainment, recreation; 71 $73,501,637 $74,248,669 $79,208,412 $82,332,543 $83,599,054 $80,092,745 $80,748,590 $81,128,968 $19,743,627 $23,081,506

Accommodations, food services; 72 Accommodations; 721 $58,435,968 $70,084,225 $87,510,334 $101,150,679 $99,720,931 $77,786,561 $83,094,413 $92,654,224 $19,851,954 $25,159,116 Restaurants, food service, drinking places; 722 $655,201,538 $725,172,290 $785,932,145 $851,242,433 $857,807,317 $839,458,390 $863,219,606 $915,678,629 $231,740,302 $246,583,196 Sector total: $713,637,506 $795,256,515 $873,442,479 $952,393,112 $957,528,248 $917,244,951 $946,314,019 $1,008,332,853 $251,592,256 $271,742,312

Other services; 81 Repair, maintenance; 811 $198,368,393 $213,887,617 $239,997,336 $261,563,038 $247,978,375 $239,596,316 $232,648,785 $234,783,122 $58,207,160 $60,636,839 Personal service; 812 $49,938,846 $58,218,559 $64,102,888 $67,632,025 $66,114,702 $62,213,493 $56,086,125 $56,569,206 $14,422,469 $15,106,563 Religious, civic, other organization; 813, 814 $5,539,746 $6,255,018 $7,417,393 $8,336,450 $7,548,143 $5,005,594 $5,359,497 $5,344,798 $1,283,081 $1,293,530 Sector total: $253,846,985 $278,361,194 $311,517,617 $337,531,513 $321,641,220 $306,815,403 $294,094,406 $296,697,126 $73,912,710 $77,036,932

Public administration, other; 92,00 $2,517,489 $2,602,557 $3,612,877 $3,061,816 $2,681,291 $3,152,351 $3,055,623 $3,233,929 $567,823 $811,924

*: Beginning with Quarter 1 2012 data, various NAICS codes were changed to ensure the relevance, accuracy and timeliness of the classifi cations.Note: Taxable retail sales are based upon local 0.5 to 1.0 percent county-city sales tax collectionsSource: Washington State Department of Revenue, December 2012.

Taxable retail sales of select industries in Snohomish County, 2004-12

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Average Average Avg. ann. Avg. ann. annual annual openings openings Avg. ann. Avg. ann. Estimated Estimated Estimated growth growth due to due to total total employment, emp., emp., rate, rate, growth, growth, openings, openings, 2010 2015 2020 2010-2015 2015-2020 2010-2015 2015-2020 2010-2015 2015-2020

Total, all occupations 268,426 295,014 313,566 1.9% 1.2% 5,303 3,675 12,072 10,801Accountants and auditors 1,942 2,155 2,347 2.1% 1.7% 43 38 83 90Adult literacy, remedial education, GED teachers, instructors 506 542 579 1.4% 1.3% 7 7 15 16Advertising, marketing, promotions, public relations, sales managers 1,325 1,446 1,550 1.8% 1.4% 24 21 63 65Aerospace engineers 3,657 4,076 3,868 2.2% -1.0% 84 -42 160 55Agricultural workers 987 1,005 1,008 0.4% 0.1% 4 0 35 28Air traffi c controllers 41 41 41 0.0% 0.0% 0 0 2 2Air transportation workers 235 248 259 1.1% 0.9% 2 2 12 12Aircraft mechanics and service technicians 1,145 1,300 1,294 2.6% -0.1% 31 -1 65 40Aircraft structure, surfaces, rigging, systems assemblers 7,177 8,964 9,477 4.5% 1.1% 357 102 508 279Anesthesiologists 36 42 46 3.1% 1.8% 1 1 2 2Animal care and service workers 788 736 728 -1.4% -0.2% -10 -1 7 11Animal trainers 414 368 351 -2.3% -0.9% -9 -3 0 1Appraisers and assessors of real estate 114 117 122 0.5% 0.8% 1 1 3 4Architects, surveyors, cartographers 499 555 600 2.2% 1.6% 10 8 21 22Architecture and engineering occupations 15,260 17,448 17,728 2.7% 0.3% 439 51 773 470Art and design workers 1,093 1,158 1,231 1.2% 1.2% 13 14 46 49Arts, design, entertainment, sports and media occupations 3,730 3,966 4,168 1.2% 1.0% 46 39 146 143Assemblers and fabricators 9,791 11,977 12,697 4.1% 1.2% 436 143 639 376Athletes and sports competitors 24 25 25 0.8% 0.0% 0 0 1 1Automotive service technicians and mechanics 1,506 1,553 1,545 0.6% -0.1% 9 -2 48 39Avionics technicians 262 304 298 3.0% -0.4% 8 -1 15 7Bakers 289 303 309 1.0% 0.4% 3 1 11 10Barbers 123 143 164 3.1% 2.8% 4 4 6 7Bartenders 1,255 1,377 1,486 1.9% 1.5% 24 22 69 73Bill and account collectors 389 421 473 1.6% 2.4% 6 10 14 19Billing and posting clerks and machine operators 718 810 897 2.4% 2.1% 18 17 30 34Biological technicians 371 435 502 3.2% 2.9% 13 13 26 29Bookkeeping, accounting and auditing clerks 2,954 3,223 3,430 1.8% 1.3% 54 41 87 78Brickmasons and blockmasons 174 198 210 2.6% 1.2% 5 2 9 7Building and grounds cleaning and maintenance occupations 10,334 11,645 13,157 2.4% 2.5% 262 303 438 536Bus and truck mechanics and diesel engine specialists 401 430 452 1.4% 1.0% 6 4 14 15Bus drivers, school 934 997 1,058 1.3% 1.2% 13 12 29 34Bus drivers, transit and intercity 389 397 418 0.4% 1.0% 2 4 8 13Business and fi nancial operations occupations 14,876 16,546 17,318 2.2% 0.9% 334 154 632 532Business operations specialists 10,826 12,118 12,578 2.3% 0.7% 258 92 470 366Butchers and meat cutters 284 297 308 0.9% 0.7% 3 2 11 11Cabinetmakers and bench carpenters 575 644 698 2.3% 1.6% 14 11 28 28Captains, mates and pilots of water vessels 12 13 15 1.6% 2.9% 0 0 1 1Cardiovascular technologists and technicians 73 81 87 2.1% 1.4% 2 1 3 3Carpenters 3,202 3,537 3,740 2.0% 1.1% 67 41 134 121Carpet installers 122 123 131 0.2% 1.3% 0 1 3 4Cashiers 6,076 6,384 6,627 1.0% 0.7% 62 48 423 258Cement masons and concrete fi nishers 226 273 303 3.9% 2.1% 9 6 13 11Chefs and head cooks 238 263 284 2.0% 1.5% 5 4 9 9Chemists 45 51 57 2.5% 2.2% 1 1 3 3Child care workers 3,057 3,335 3,602 1.8% 1.6% 56 53 158 159Civil engineers 689 757 830 1.9% 1.9% 14 15 27 32Claims adjusters, examiners and investigators 592 596 595 0.1% 0.0% 1 0 16 15Clergy 252 256 252 0.3% -0.3% 1 -1 4 4Clinical, counseling and school psychologists 284 320 360 2.4% 2.4% 7 8 17 18Coaches and scouts 617 643 662 0.8% 0.6% 5 4 22 19Commercial pilots 181 192 202 1.2% 1.0% 2 2 9 10Communications equipment operators 161 172 183 1.3% 1.2% 2 2 5 6Community and social services occupations 4,471 4,805 5,225 1.5% 1.7% 67 82 159 194Computer programmers 394 430 445 1.8% 0.7% 7 3 17 13Computer specialists 6,864 7,748 8,259 2.5% 1.3% 177 103 282 246Computer support specialists 1,017 1,123 1,211 2.0% 1.5% 21 18 47 50Computer systems analysts 875 983 1,033 2.4% 1.0% 22 10 37 30Construction and extraction occupations 15,857 17,530 18,804 2.0% 1.4% 333 255 679 672Construction trades workers 13,364 14,765 15,794 2.0% 1.4% 281 206 562 550Cooks and food preparation workers 4,553 4,970 5,334 1.8% 1.4% 83 72 210 190Correctional offi cers and jailers 994 990 1,057 -0.1% 1.3% -1 13 15 33Counselors, social workers and other community-social service specialists 3,694 4,022 4,460 1.7% 2.1% 66 86 146 182Couriers and messengers 109 123 136 2.4% 2.0% 3 3 6 6Court, municipal and license clerks 427 424 455 -0.1% 1.4% -1 6 11 18Crane and tower operators 313 372 393 3.5% 1.1% 12 4 20 15

Selected Snohomish County occupational projections, 2010-2020

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Credit analysts 115 126 134 1.8% 1.2% 2 1 5 4Customer service representatives 2,983 3,246 3,476 1.7% 1.4% 53 46 137 144Data entry keyers 253 268 277 1.2% 0.7% 3 2 8 6Dental assistants 798 863 951 1.6% 2.0% 13 18 28 39Dental hygienists 555 596 657 1.4% 2.0% 8 12 18 26Dentists, general 203 220 245 1.6% 2.2% 3 5 10 12Detectives and criminal investigators 78 78 82 0.0% 1.0% 0 1 1 3Dietitians and nutritionists 60 66 73 1.9% 2.0% 1 1 3 4Door-to-door sales workers, news-street vendors and related workers 816 811 838 -0.1% 0.7% -1 5 16 25Drafters, engineering and mapping technicians 4,087 4,661 4,690 2.7% 0.1% 115 3 196 99Drywall and ceiling tile installers 474 492 536 0.7% 1.7% 4 9 16 24Editors 204 207 209 0.3% 0.2% 1 0 7 6Education administrators, elementary and secondary school 359 382 404 1.2% 1.1% 5 4 15 16Education, training and library occupations 13,434 14,271 15,073 1.2% 1.1% 162 156 451 493Electrical and electronic equipment mechanics, installers and repairers 1,377 1,587 1,650 2.9% 0.8% 42 12 71 48Electrical engineers 1,313 1,519 1,566 3.0% 0.6% 41 9 72 49Electricians 1,217 1,368 1,422 2.4% 0.8% 30 11 63 50Elementary school teachers, exc. special education 2,502 2,654 2,798 1.2% 1.1% 30 29 83 92Emergency medical technicians and paramedics 462 502 559 1.7% 2.2% 8 11 16 23Engineers 10,674 12,232 12,438 2.8% 0.3% 314 40 556 349Entertainers and performers, sports and related workers 1,021 1,062 1,091 0.8% 0.5% 7 5 36 32Entertainment attendants and related workers 1,347 1,469 1,562 1.7% 1.2% 24 18 111 73Environmental engineers 137 146 158 1.3% 1.6% 2 2 5 6Executive secretaries and administrative assistants 1,147 1,238 1,311 1.5% 1.2% 18 15 34 32Family and general practitioners 158 191 223 3.9% 3.1% 7 6 10 11Farming, fi shing and forestry occupations 1,340 1,393 1,373 0.8% -0.3% 12 -5 52 33Financial clerks 5,483 6,025 6,428 1.9% 1.3% 106 79 215 197Financial specialists 4,050 4,428 4,740 1.8% 1.4% 76 62 162 166Fine artists, including painters, sculptors and illustrators 31 35 35 2.5% 0.0% 1 0 2 1Fire fi ghters 1,097 1,091 1,169 -0.1% 1.4% -1 15 27 49Fire fi ghting and prevention workers 1,112 1,105 1,185 -0.1% 1.4% -1 15 27 50Fishers and related fi shing workers 159 188 184 3.4% -0.4% 6 -1 11 4Fitness trainers and aerobics instructors 683 732 753 1.4% 0.6% 10 4 21 16Food and beverage serving workers 12,535 13,795 14,896 1.9% 1.5% 251 220 918 684Food preparation and serving related occupations 21,076 23,140 24,962 1.9% 1.5% 412 363 1,415 1,062Forensic science technicians 10 10 11 0.0% 1.9% 0 0 0 1Forest, conservation and logging workers 172 176 158 0.5% -2.1% 2 -4 5 1Funeral service workers 23 23 23 0.0% 0.0% 0 0 0 0Gaming dealers 698 775 833 2.1% 1.5% 15 12 54 38General and operations managers 2,172 2,329 2,469 1.4% 1.2% 32 28 67 79Glaziers 283 321 347 2.6% 1.6% 8 5 18 18Graphic designers 294 299 318 0.3% 1.2% 1 4 10 13Grinding and polishing workers, hand 93 104 104 2.3% 0.0% 2 0 5 3Grounds maintenance workers 2,812 3,236 3,749 2.8% 3.0% 85 103 135 165Hairdressers, hairstylists and cosmetologists 1,793 1,937 2,060 1.6% 1.2% 29 25 62 64Health diagnosing and treating practitioners 6,526 7,347 8,145 2.4% 2.1% 161 157 281 326Health technologists and technicians 4,250 4,737 5,235 2.2% 2.0% 96 98 175 209Health-care practitioners and technical occupations 10,981 12,310 13,622 2.3% 2.0% 261 258 467 547Health-care support occupations 6,166 6,915 7,641 2.3% 2.0% 148 146 236 267Heating, air conditioning and refrigeration mechanics and installers 302 349 377 2.9% 1.6% 9 5 14 13Helpers-construction trades 297 331 355 2.2% 1.4% 5 5 16 13Helpers-installation, maintenance and repair workers 168 181 190 1.5% 1.0% 3 2 12 9Helpers-pipelayers, plumbers, pipefi tters and steamfi tters 106 118 124 2.2% 1.0% 2 1 6 4Helpers-production workers 445 478 504 1.4% 1.1% 7 5 16 12Highway maintenance workers 258 257 276 -0.1% 1.4% 0 4 6 12Home health aides 726 837 941 2.9% 2.4% 22 21 31 33Hosts and hostesses-restaurant, lounge and coffee shop 453 498 538 1.9% 1.6% 9 8 57 27Human resources managers 203 219 235 1.5% 1.4% 3 3 8 9Industrial engineers 1,713 2,052 2,133 3.7% 0.8% 68 16 106 64Industrial truck and tractor operators 575 583 610 0.3% 0.9% 2 5 17 23Information and record clerks 7,712 8,328 8,927 1.5% 1.4% 123 117 350 362Inspectors, testers, sorters, samplers and weighers 2,297 2,644 2,636 2.9% -0.1% 70 -2 122 56Installation, maintenance and repair occupations 11,018 11,999 12,443 1.7% 0.7% 197 86 444 389Insulation workers, fl oor, ceiling and wall 193 206 229 1.3% 2.1% 2 5 10 14Insurance claims and policy processing clerks 643 654 659 0.3% 0.2% 2 1 21 22Insurance sales agents 557 562 573 0.2% 0.4% 1 2 14 15Interior designers 70 73 78 0.8% 1.3% 0 1 3 3Internists, general 48 54 59 2.4% 1.8% 1 1 2 2Interpreters and translators 143 163 186 2.7% 2.7% 4 5 8 9Janitors and cleaners, exc. maids and housekeeping cleaners 3,788 4,285 4,832 2.5% 2.4% 99 109 168 201Judges, magistrate judges and magistrates 104 105 113 0.2% 1.5% 0 2 2 4Kindergarten teachers, exc. special education 238 253 267 1.2% 1.1% 3 3 9 10


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STATISTICAL SNAPSHOTLaborers and freight, stock and material movers, hand 3,514 4,054 4,293 2.9% 1.2% 108 48 229 178Landscaping and groundskeeping workers 2,617 3,008 3,481 2.8% 3.0% 78 95 125 153Laundry and dry-cleaning workers 139 149 158 1.4% 1.2% 2 2 4 5Law enforcement workers 1,999 1,988 2,124 -0.1% 1.3% -2 27 39 77Lawyers 831 877 938 1.1% 1.4% 9 12 24 30Legal occupations 1,361 1,441 1,546 1.1% 1.4% 15 20 39 49Librarians, curators and archivists 535 547 584 0.4% 1.3% 2 7 20 26Licensed practical and licensed vocational nurses 640 703 757 1.9% 1.5% 13 11 30 31Life, physical and social science occupations 2,346 2,621 2,967 2.2% 2.5% 52 66 114 138Loan offi cers 552 583 620 1.1% 1.2% 6 7 20 24Locomotive engineers 76 88 94 3.0% 1.3% 2 1 5 4Logisticians 1,930 2,228 2,194 2.9% -0.3% 59 -7 95 40Machinists 770 985 1,110 5.0% 2.4% 43 25 58 44Maids and housekeeping cleaners 2,881 3,162 3,473 1.9% 1.9% 56 62 101 123Maintenance and repair workers, general 1,789 1,898 1,986 1.2% 0.9% 22 18 52 57Management occupations 12,479 13,587 14,465 1.7% 1.3% 221 175 470 505Manicurists and pedicurists 389 422 453 1.6% 1.4% 7 6 13 15Market research analysts and marketing specialists 762 891 1,022 3.2% 2.8% 26 26 47 52Massage therapists 493 548 601 2.1% 1.9% 11 11 18 21Material moving workers 6,681 7,401 7,781 2.1% 1.0% 144 76 355 300Materials engineers 331 434 485 5.6% 2.2% 21 10 30 23Mathematical scientists 595 683 684 2.8% 0.0% 17 0 34 32Meat, poultry and fi sh cutters and trimmers 125 129 132 0.6% 0.5% 1 1 4 4Mechanical drafters 1,099 1,277 1,263 3.0% -0.2% 35 -3 57 23Mechanical engineers 896 1,031 1,046 2.8% 0.3% 27 3 56 37Media and communication workers 1,123 1,202 1,252 1.4% 0.8% 16 10 47 43Medical and clinical laboratory technicians 172 194 220 2.4% 2.5% 4 5 8 10Medical records and health information technicians 322 364 402 2.5% 2.0% 8 8 14 16Medical secretaries 1,359 1,562 1,763 2.8% 2.5% 40 40 60 62Medical transcriptionists 142 161 188 2.5% 3.1% 4 5 6 8Mental health counselors 242 264 284 1.8% 1.5% 4 4 10 10Merchandise displayers and window trimmers 189 206 218 1.7% 1.1% 3 2 9 9Metal workers and plastic workers 3,702 4,432 4,710 3.7% 1.2% 146 54 216 138Middle school teachers, exc. special and vocational education 762 808 851 1.2% 1.0% 9 9 25 28Millwrights 105 115 116 1.8% 0.2% 2 0 4 3Multi-media artists and animators 192 215 232 2.3% 1.5% 5 3 9 9Musicians and singers 195 195 194 0.0% -0.1% 0 0 5 5Network and computer systems architects and administrators 756 846 927 2.3% 1.8% 18 16 30 33Nonfarm animal caretakers 374 368 377 -0.3% 0.5% -1 2 7 10Nuclear medicine technologists 19 22 24 3.0% 1.8% 0 0 1 1Nursing, psychiatric and home health aides 2,583 2,896 3,193 2.3% 2.0% 62 60 94 102Obstetricians and gynecologists 67 78 85 3.1% 1.7% 2 2 4 3Offi ce and administrative support occupations 31,864 34,526 36,784 1.6% 1.3% 528 449 1,247 1,235Operating engineers and other construction equipment operators 606 669 738 2.0% 2.0% 13 14 26 31Operations specialties managers 3,004 3,310 3,518 2.0% 1.2% 61 42 119 123Optometrists 110 135 162 4.2% 3.7% 5 5 9 11Oral and maxillofacial surgeons 26 28 31 1.5% 2.1% 0 1 1 1Orthodontists 24 26 29 1.6% 2.2% 0 1 1 1Packers and packagers, hand 1,388 1,453 1,491 0.9% 0.5% 13 8 53 50Painters, construction and maintenance 1,988 2,087 2,264 1.0% 1.6% 20 35 62 85Paralegals and legal assistants 245 270 296 2.0% 1.9% 5 5 8 10Pediatricians, general 57 68 74 3.6% 1.7% 2 1 3 3Personal and home care aides 2,313 2,655 3,043 2.8% 2.8% 68 78 84 104Personal appearance workers 2,469 2,679 2,865 1.6% 1.4% 42 37 86 91Personal care and service occupations 12,218 13,232 14,275 1.6% 1.5% 204 209 511 511Pest control workers 34 39 47 2.8% 3.8% 1 2 3 4Pharmacists 476 515 547 1.6% 1.2% 8 6 19 21Photographers 309 344 378 2.2% 1.9% 7 7 10 11Physical scientists 451 495 550 1.9% 2.1% 8 11 22 27Physical therapists 450 532 614 3.4% 2.9% 16 16 21 24Physician assistants 271 342 397 4.8% 3.0% 14 11 19 19Physicists 101 119 147 3.3% 4.3% 4 6 7 10Pipelayers 112 123 133 1.9% 1.6% 2 2 5 6Plumbers, pipefi tters and steamfi tters 1,134 1,254 1,300 2.0% 0.7% 24 9 57 47Podiatrists 10 11 13 1.9% 3.4% 0 0 1 0Police and sheriff’s patrol offi cers 904 897 962 -0.2% 1.4% -1 13 23 41Police, fi re and ambulance dispatchers 210 209 225 -0.1% 1.5% 0 3 3 8Postal service clerks 94 90 91 -0.9% 0.2% -1 0 1 2Postal service mail carriers 538 514 519 -0.9% 0.2% -5 1 12 19Postal service mail sorters, processors and processing machine operators 248 237 239 -0.9% 0.2% -2 0 0 2Postsecondary teachers 726 773 817 1.3% 1.1% 5 5 19 21Prepress technicians and workers 108 66 61 -9.4% -1.6% -8 -1 0 0Preschool teachers, exc. special education 504 536 558 1.2% 0.8% 6 4 19 19Primary, secondary and special education school teachers 6,180 6,560 6,908 1.2% 1.0% 75 71 224 242Probation offi cers and correctional treatment specialists 178 177 189 -0.1% 1.3% 0 2 3 6

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Production occupations 23,846 27,368 28,648 2.8% 0.9% 706 253 1,256 809Psychiatrists 23 25 26 1.7% 0.8% 0 0 1 1Public address system and other announcers 47 50 53 1.2% 1.2% 0 1 2 2Public relations specialists 328 352 365 1.4% 0.7% 5 3 14 13Purchasing agents, exc. wholesale, retail and farm products 1,680 1,921 1,941 2.7% 0.2% 48 4 93 59Radiologic technologists and technicians 257 290 321 2.4% 2.1% 7 6 10 12Rail transportation workers 216 246 258 2.6% 1.0% 6 2 13 9Real estate sales agents 570 635 654 2.2% 0.6% 13 4 26 19Receptionists and information clerks 1,708 1,905 2,067 2.2% 1.6% 39 32 96 89Refuse and recyclable material collectors 171 181 206 1.1% 2.6% 2 5 7 11Registered nurses 3,058 3,364 3,677 1.9% 1.8% 61 63 109 136Rehabilitation counselors 995 1,063 1,187 1.3% 2.2% 14 25 34 50Reporters and correspondents 66 63 60 -0.9% -1.0% -1 -1 2 2Retail sales workers 18,334 19,572 20,318 1.3% 0.8% 248 148 1,002 724Riggers 112 136 147 4.0% 1.6% 5 2 7 5Roofers 799 942 1,023 3.3% 1.7% 29 16 45 37Sailors and marine oilers 15 17 18 2.5% 1.1% 0 0 1 1Sales and related occupations 29,427 31,456 32,835 1.3% 0.9% 408 274 1,427 1,159Sawing machine setters, operators and tenders-wood 117 131 139 2.3% 1.2% 3 1 5 5Secondary school teachers, exc. special and vocational education 1,380 1,464 1,543 1.2% 1.1% 17 16 55 57Secretaries and administrative assistants 5,201 5,708 6,161 1.9% 1.5% 100 91 173 170Securities, commodities and fi nancial services sales agents 263 291 303 2.0% 0.8% 6 2 13 11Security guards 997 1,222 1,345 4.2% 1.9% 45 25 61 46Septic tank servicers and sewer pipe cleaners 45 51 55 2.5% 1.5% 1 1 2 2Service station attendants 161 169 174 1.0% 0.6% 2 1 8 6Sheet metal workers 218 256 273 3.3% 1.3% 8 3 11 8Ship engineers 11 13 14 3.4% 1.5% 0 0 1 1Shipping, receiving and traffi c clerks 1,071 1,160 1,208 1.6% 0.8% 18 10 46 40Skin care specialists 158 170 180 1.5% 1.1% 2 2 5 5Slaughterers and meat packers 58 57 57 -0.3% 0.0% 0 0 1 2Social scientists and related workers 829 888 985 1.4% 2.1% 11 19 35 44Software developers, applications 1,435 1,632 1,779 2.6% 1.7% 39 29 52 51Software developers, systems software 1,048 1,213 1,256 3.0% 0.7% 33 9 42 24Special education teachers-middle school 86 92 96 1.4% 0.9% 1 1 4 4Special education teachers-preschool, kindergarten and elementary school 301 321 340 1.3% 1.2% 4 4 13 14Special education teachers-secondary school 169 179 189 1.2% 1.1% 2 2 7 8Speech-language pathologists 207 227 250 1.9% 1.9% 4 4 8 10Stock clerks and order fi llers 2,630 2,847 3,010 1.6% 1.1% 43 33 113 103Stonemasons 76 82 90 1.5% 1.9% 1 2 3 3Surgeons 98 114 126 3.1% 2.0% 3 2 5 5Surveyors 42 47 51 2.3% 1.6% 1 1 2 2Tailors, dressmakers and custom sewers 43 47 50 1.8% 1.2% 1 1 1 1Tax preparers 124 143 163 2.9% 2.7% 4 4 7 7Taxi drivers and chauffeurs 267 284 305 1.2% 1.4% 3 4 6 8Teacher assistants 2,674 2,842 3,001 1.2% 1.1% 34 32 91 101Telecommunications line installers and repairers 605 709 749 3.2% 1.1% 21 8 31 23Telemarketers 264 296 345 2.3% 3.1% 7 10 13 16Tellers 944 1,061 1,082 2.4% 0.4% 23 4 68 44Textile, apparel and furnishings workers 519 547 568 1.1% 0.8% 6 4 12 11Tile and marble setters 94 112 129 3.6% 2.9% 4 3 6 6Tire repairers and changers 341 357 360 0.9% 0.2% 3 1 12 10Tool and die makers 450 519 511 2.9% -0.3% 14 -1 16 1Top executives 2,529 2,713 2,881 1.4% 1.2% 37 34 81 95Tour and travel guides 52 52 54 0.0% 0.8% 0 0 2 2Transportation and material moving occupations 13,474 14,685 15,437 1.7% 1.0% 243 147 594 542Travel agents 57 55 53 -0.7% -0.7% 0 0 0 0Tree trimmers and pruners 162 187 221 2.9% 3.4% 5 7 8 10Truck drivers, heavy and tractor-trailer 1,853 2,024 2,125 1.8% 1.0% 34 20 70 64Truck drivers, light or delivery services 1,355 1,469 1,534 1.6% 0.9% 23 13 49 45Umpires, referees and other sports offi cials 14 15 15 1.4% 0.0% 0 0 1 0Upholsterers 69 73 72 1.1% -0.3% 1 0 3 2Vehicle and mobile equipment mechanics, installers 4,333 4,637 4,678 1.4% 0.2% 61 8 173 138Veterinarians 130 144 160 2.1% 2.1% 3 3 5 6Vocational education teachers, secondary school 238 253 266 1.2% 1.0% 3 3 9 10Waiters and waitresses 3,755 4,137 4,478 2.0% 1.6% 76 68 284 268Water and liquid waste treatment plant and system operators 146 151 163 0.7% 1.5% 1 2 5 7Welders, cutters, solderers and brazers 585 702 760 3.7% 1.6% 23 11 40 31Woodworkers 995 1,096 1,161 2.0% 1.2% 20 13 41 39Writers and authors 165 178 180 1.5% 0.2% 3 0 7 5Zoologists and wildlife biologists 99 107 121 1.6% 2.5% 2 3 4 5

Source: Washington State Employment Security Department, Labor Market and Economic Analysis Branch. May 2012


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What An SBA Preferred Lender Can Do For You.

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