FEBRUARY 8, 2017

BUDGET/FINANCES

Port to receive funds for loan payments on building

February 7, 2017, KXRO Newsradio

The Port of Grays Harbor will continue to receive funding for a loan for a building at the Satsop Business Park in Elma.

At their Monday meeting the Grays Harbor County Commissioners voted to approve a Memorandum of Understanding with the Port to make three more payments out of .09 funds towards a loan that was used to construct the Enterprise Warehouse.

Commissioner Vickie Raines explained why the payments were being made.

Read more here:  http://www.kxro.com/port-receive-funds-loan-payments-building/

 

 

Port needs revenue, seeks rate increases

Patrick J. Sullivan, February 8, 2017, PTLeader.com

There’s no better way to say it – the Port of Port Townsend needs more operating cash to stay afloat.

Raising user fees, attracting new streams of business revenue, potentially raising property taxes and operating more efficiently are all part of the solution, port officials told about 30 people who attended a moorage rate workshop Feb. 1.

Port commissioners are poised to vote Feb. 8 on proposed 10-16 percent rate increases for moorage, launch ramps and recreational vehicle categories. Soon to follow are proposals for Jefferson County International Airport, and the boatyard/shipyard rates.

Read more here:  http://www.ptleader.com/news/port-needs-revenue-seeks-rate-increases/article_9ce50eca-ed88-11e6-b230-b71de21834db.html

 

 

TRADE

Slow world, strong dollar slam Washington exports

Jon Talton, February 8, 2017, The Seattle Times

Washington state’s merchandise trade exports took a big hit last year, according to preliminary data released this week by the Census Bureau. They totaled $79.6 billion last year compared with $86.4 billion in 2015 and nearly $90.6 billion in 2014.

Many categories saw declines or were stagnant. The largest, transportation equipment (mostly airplanes and parts) posted $47.9 billion. In 2015, this critical export totaled $54.2 billion. On the other hand, agricultural products rose to $10.2 billion vs. $9.5 billion in 2015.

The decline was more noticeable than for the nation as a whole, where merchandise exports totaled $1.45 trillion vs. $1.5 trillion in 2015 (the December trade deficit was $44.3 billion). Even so, Washington likely kept its ranking as the nation’s third biggest exporter behind California and Texas. China, Japan and Canada were the state’s largest export destinations.

Read more here:  http://www.seattletimes.com/business/economy/slow-world-strong-dollar-slam-washington-exports/

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