The Biz Buzz

The News Tribune Business Team will keep you updated on what's happening in the South Sound and beyond. Check here for news about economic development, aerospace, shopping and much more.

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Contributors

Marce Edwards is the business editor. She has been at The News Tribune for seven years and has written about technology and big businesses in the South Sound including Weyerhaeuser and Russell. Before moving to Tacoma, she worked at The Idaho Statesman in Boise. She is a Northwest native who likes to garden and refuses to use an umbrella. She lives in Tacoma with her husband and two kids.

C.R. Roberts is a Tacoma native. Before joining The News Tribune, he worked as a freelance writer and part-time cowhand on a cattle ranch in Northern Idaho. He writes about small business, personal finance and other business issues.

John Gillie writes about the aerospace and airline industries, commercial development and consumer issues. During his 30-year-tenure at The News Tribune he has covered issues as diverse as the Native American fishing rights disputes, crime and the courts, the wood products industry and energy. He lived in Tacoma with his family for 25 years, but now lives in Kent because his wife heads a five-state non-profit foundation headquartered in Ballard, and it only seemed a sensible compromise to make considering their workplaces are 40 miles apart.

Kelly Kearsley has been a business reporter at The News Tribune since 2005. She covers the Port of Tacoma and international trade. Being born and raised in Spokane she’s used to living in cities with inferiority complexes and, in fact, prefers it. Prior to working at The News Tribune, she spent three years as a reporter for The Bulletin in Bend, Oregon and another year working stints for The Associated Press and Seattle Times. She graduated from Pacific Lutheran University. She lives in Tacoma with her husband and miniature schnauzer.

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Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.
Monday, July 27th, 2009
Posted by John Gillie @ 01:48:07 pm

Seattle fashion retailer Nordstrom, which has sought a Manhattan location for years without success, is finally getting a toehold in the Big Apple.

But Nordstrom isn't opening with a full-line store, but rather a discount Nordstrom Rack in Union Square.

The new store is due to open next spring at the square between 14th and 17th streets.

The store will have plenty of discount company.
Filene's Basement, DSW and Forever 21 are already located around the square.

The discount location is expected to do far better than the typical Nordstrom Rack location because of the density of the population and lack of competition from other Nordstrom Racks in the vicinity.

Categories: General, Shopping, Retail
Posted by John Gillie @ 11:51:14 am

It must be all this warm weather enticing people to take rides in their air conditioned cars, but the price of gas is creeping upward in Tacoma again.

The average price of a gallon of unleaded regular today was $2.685 in Tacoma according to Tacomagasprices.com.

That's 1.7 cents a gallon higher than Sunday and 4.7 cents higher than a week ago.

Prices are still a relative bargain compared with the summer of 2008. A year ago, gas was selling for $4.124 here on average, down from a summer's high of nearly $4.35 a gallon.

That slide, beginning in mid-July continued through mid-December when gas prices were below $2 a gallon.

Posted by John Gillie @ 11:44:14 am

Before Boeing runs out and builds a second assembly line for the 787 Dreamliner in South Carolina, it might consider consulting two "Best for Busines" lists.

One, just issued by CNBC, lists Washington 16th among the states as the best place to do business. That same survey ranks South Carolina as 37th.

Boeing recently bought the Charleston, S.C. plant of its major 787 supplier Vought. And rumors have been flying in recent weeks that the company will build a second assembly line for its 787 there too.

The oft-cited reason is that South Carolina is a right-to-work state with unions less powerful than in the Northwest. Boeing says it's weary of its production being interrupted by strikes as it was last fall for 58 days by a Machninists Union strike.

But cheaper and more compliant labor may be only part of the story. While South Carolina earns high marks in the CNBC study for low-cost labor and an available non-union workforce, the state ranks 48th in quality of life, 47th on the strength of its economy, 41st in transportation and 39th in education.

Washington ranks 11th in quality of life, sixth in technology and innovation, fifth in access to capital and 18th in the strength of its economy.

A survey issued by Forbes magazine last summer ranked Washington third overall among the states as a good place to do business.

Washington followed Virginia (first in the CNBC survey) and Utah of Forbes list.

Posted by Kelly Kearsley @ 10:08:14 am

The Totem Ocean Trailer Express terminal at the Port of Tacoma will be the first to allow ships to plug into "shore power," the port announced today.

The port received $1.5 million from the U.S. Environmental Protection Agency to reduce diesel and greenhouse gas emissions by retrofitting ships and adding electrical plug-ins at TOTE.

The Federal-Way based shipping company that serves Alaska has already spent nearly $900,000 to retrofit two of their ships to accommodate the shore power connections. TOTE also has committed to contributing another $283,000 to complete the project.

The ability to plug into the terminal allows the ships to turn off their engines, which reduces emissions. TOTE ships, which call twice a week in Tacoma, are expected to plug into the completed system by fall 2010.

“This investment is money well spent through this public/private process,” TOTE President and COO Bill Deaver said. “We live and work in and around Puget Sound, and it is in everyone’s best interests to protect the environment and the air we breathe. It’s the right thing to do.”

The money is provided under the American Reinvestment and Recovery Act
(ARRA) of 2009 National Clean Diesel Funding Assistance Program.

This project supports the Northwest Ports Clean Air Strategy, adopted in early 2008 by the Port and its regional partners, the ports of Seattle and Vancouver, B.C., to meet clean air goals for ships, cargo-handling equipment, rail, trucks and harbor craft.

More than half of the ships that call frequently at the Port already meet the 2010 clean-air goal for ships by using cleaner-burning distillate fuel at berth.

Categories: Port and trade