Friday, March 2, 2012
Local breaking business news prepared by Business Examiner staff.
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Boeing speaker carries EDB luncheon aloft
The largest crowd in four years gathered for the annual meeting of Economic Development Board for Tacoma Pierce County today. And they heard an encouraging 20-year projected demand for 33,500 new airliners worth $4.1 trillion.
A Boeing Commercial Airplanes executive said the future looks solid, though not necessarily growing for the South Sound’s part of an expected ramp-up in airliner production. He noted the company’s South Carolina investment as an important sign that Washington must not take its legacy manufacturer for granted.
“Our intention is to continue building aircraft parts at Frederickson,” the only Boeing manufacturing plant in Pierce County, said Ross Bogue, vice president and general manager of Boeing Fabrication.
Overall, the company expects to hire about 30,000 new employees in the next two years, adding to 20,000 who were issued badges in recent years. Bogue said “the five-year window for Puget Sound Boeing facilities is pretty stable,” without much physical growth or contraction expected.
Today, Pierce County residents fill 9,700 Boeing jobs, including 1,700 at the Composite Materials Center and other Frederickson operations, and 75 more supporting C-17 aircraft at Joint Base Lewis-McChord. Another 6,300 company retirees also reside in the county.
Bogue joined with retiring President Loren Anderson of Pacific Lutheran University in stressing that we cannot let up on efforts to improve and expand educational opportunities, in order to have the skilled future work force members needed by Boeing and the rest of our economy.
Anderson was honored by the EDB with its inaugural Golden Shovel award to mark his personal and institutional long-term contributions to the region’s economic development.
Flow International posts record quarterly profit
Flow International Corp. reported consolidated revenue of $65.8 million for the third quarter of fiscal year 2012, a 15 percent increase from $57.5 million during the prior fiscal year. Net income for the current quarter was $3.3 million, or 7 cents per share, compared to $1.2 million, or 3 cent per share, for the prior year period.
Adjusted EBITDA for the quarter was $8.1 million, or 12.3 percent of sales, compared to $4.9 million in the year-ago quarter.
“This marks our sixth sequential quarter of increased sales and a new quarterly record for Flow,” said Charley Brown, president and CEO. “We also generated operating income in excess of 9 percent of sales, which represents our highest level of profitability in almost four years.”
Kent-based Flow is develops and manufactures industrial waterjet machines for cutting and cleaning applications used in the automotive, aerospace, job shop and surface preparation industries.
Suspectfraud.com helps consumers ‘check’ before itís too late
Are you wondering how that contractor managed to underbid his competition by so much? Maybe it’s because he doesn’t pay his taxes, does shoddy work or will take your money and run.
Protect your pocketbook by visiting suspectfraud.com to see whether a business is registered and in good standing with Washington state before you sign on the dotted line.
Links on the website allow consumers to see if a registered business is properly licensed, owes the state taxes, has had complaints filed against it or is the subject of state enforcement actions.
The site was developed in partnership with the state departments of Revenue, Labor & Industries and Employment Security to cut down on an underground economy of businesses that don’t like to play by the rules and to pursue individuals that evade paying their fair share of taxes.
Mount Rainier National Park: Visitors, money and jobs
A National Park Service report shows that 1,191,754 visitors in 2010 spent $35.4 million in Mount Rainier National Park and in communities near the park. That spending supported 505 jobs in the local areas.
“The people and the business owners in communities near national parks have always known their economic value,” park Superintendent Randy King said. “Mount Rainier National Park is clean, green fuel for the engine that drives our local economy.”
Most of the spending/jobs are related to lodging, food, and beverage service (52 percent) followed by other retail (29 percent), entertainment/amusements (10 percent), gas and local transportation (7 percent) and groceries (2 percent).
The figures are based on $12 billion of direct spending by 281 million visitors in 394 national parks and nearby communities and are included in an annual, peer-reviewed, visitor spending analysis conducted by Dr. Daniel Stynes of Michigan State University for the National Park Service.
Across the U.S, local visitor spending added a total of $31 billion to the national economy and supported more than 258,000 jobs, an increase of $689 million and 11,500 jobs over 2009.
Lane closures on I-5 in Tacoma Saturday night
Three lanes of southbound Interstate 5 will be closed this weekend so crews can crews can repair an overhead variable message sign.
At 8 p.m. Saturday, the Washington State Department of Transportation will begin closing the three left lanes of southbound I-5 between Port of Tacoma Road and Portland Avenue. All lanes will reopen by 5 a.m. Sunday.
To learn more about WSDOT maintenance or construction activities that may impact traffic, visit www.wsdot.wa.gov/Regions/Olympic/Construction/.
ASTA forms ëJoining Forcesí to create jobs for veterans, military spouses
The American Society of Travel Agents has launched Joining Forces Travel Industry Coalition as part of a national initiative to honor, recognize and support military families.
The coalition will aggregate veteran and military-spouse hiring commitments from travel industry firms. Some of the jobs created for military spouses and veterans will be portable because they frequently move.
Participants in the Joining Forces’ veteran and military-spouse hiring initiative commit to providing a specified number of jobs to veterans and military spouses by the end of 2013. Already, the coalition has garnered the support and commitment of Amadeus North America, American Express Consumer Travel Network, Avis Budget Group, Dollar Thrifty Automotive Group, Enterprise Holdings, Hertz Corp. and Orbitz Worldwide.
To date, coalition companies have committed to providing nearly 3,000 jobs for veterans and military spouses by 2014. ASTA will manage the coalition and serve as an information source for participating firms, conducting periodic reviews of program goals and coordinated consumer and industry promotion and delivery.
Click here for more information.
State takes action against health care providers
The Washington State Department of Health has taken disciplinary actions or withdrawn charges against the following South Sound health care providers.
In February, the Unlicensed Practice Program notified Ona Ahrens of intent to issue a cease-and-desist order for practicing as a health care professional without credentials. Allegations include diagnosing and treating conditions, collecting patient medical histories, providing nutritional counseling and using the initials “C.N.,” which indicates certified nutritionist, in her business advertising. She’s also known as Ona Harding and Ona Harding-Ahrens.
In February, the Nursing Commission charged registered nurse Susan M. Smith with unprofessional conduct. Allegations include failing to transfer care of a patient, failing to inform a patient’s physician of a change in condition and giving a patient morphine without following the physician’s order to give the patient nitroglycerin tablets before morphine.
In February, the Licensed Marriage and Family Therapist Program amended the statement of charges against marriage and family therapist Heidi Halsey. When treating a minor patient she allegedly failed to obtain consent from both parents or seek information about medical decisions in the parenting plan, created boundary confusion when treating the parents of the minor, failed to maintain confidentiality between the patients, ended therapy with one of the patients without referring to another therapist and advertised credentials she didn’t have.
In February, the Nursing Assistant and Health Care Assistant Programs charged registered nursing assistant and health care assistant Amanda Elizabeth Olmos with unprofessional conduct. She was convicted of assault.
In February, the Dental Commission ended the probation order against dental assistant Kim M. Shipman.
Information about health care providers is on the agency’s website or by calling (360) 236-4700.
LOTT Clean Water Alliance is hosting a free seminar about compounds of emerging concern, including pharmaceuticals and personal care products, from 9 a.m. to noon March 3 at 500 Adams St. NE, Olympia.† Speakers will discuss the presence of CECs in the environment, potential impacts to public health and the environment, and what happens to CECs during wastewater treatment and when reclaimed water is infiltrated to groundwater. RSVP by calling (360) 528-5716.
The fifth annual South Sound Sustainability Expo is scheduled for 10 a.m. to 3 p.m. March 3 at the Greater Tacoma Convention and Trade Center, 1500 Broadway. The free event allows participants to discover services, products, companies and agencies that address sustainability needs in the local community. Click here for more information.
The Women’s Leadership Council is hosting its third annual Power of the Purse from 5:30 to 9 p.m. March 3 at Indian Summer Golf & Country Club. The event features dinner and silent, live and progress auctions, and is a fundraiser to support financial stability and self-sufficiency of women and girls in Thurston County. Tickets are $75 or $600 for a table of eight. Click here or contact Ami Forsberg at (360) 943-2773, ext. 13 for more information.
Thurston County Chamber of Commerce is hosting Morning MIXXer from 7:30 to 8:30 a.m. March 6 at ACS, A Xerox Company, 8535 Commerce Place Drive. The cost is $5 for members and $10 general admission. Click here for more information.
Auburn Area Chamber of Commerce is hosting a “Connecting for Success” breakfast from 8 to 9 a.m. March 7 at 108 S. Division, Suite B. The speaker is Annie brooks of Blessed with Less ñ Organizing & Downsizing. Contact Pegi Moll at (253) 833-0700 for more information.
Kent Chamber of Commerce is hosting a membership luncheon from 11:30 a.m. to 1 p.m. March 7 at ShoWare Center, 625 W. James St. Mayor Suzette Cook will deliver the state of the city address. The cost is $20 for members and $30 for non-members. Click here or call (253) 854-1770 for more information.
Gig Harbor Chamber of Commerce is hosting a membership luncheon from 11:30 a.m. to 1 p.m. March 8 at Kensington Gardens, 3804 Olson Drive NW. Cathy Holt will discuss “The FISH! Philosophy.” Click here for more information.
U.S. Postal Service is hosting a workshop, “Grow Your Business Day,” to help entrepreneurs and proprietors to promote their businesses using direct mail, without the cost of mailing lists or permits at 1:30 p.m. March 8 at Tacoma Post Office/Evergreen Station, 4001 S. Pine St. Information will be available about how to select a campaign message, target an audience and prepare Every Door Direct mailings. Attendees will also learn about the Postal Service’s new Direct Mail Hub, a website that has simple, cost-effective ways to tap into the marketing advantages of direct mail. Seating is limited. Click here to register.
Thurston Economic Development Council’s Business Resource Center is hosting Basics of Business Planning from 3 to 4:30 p.m. March 9 at Lacey Timberland Library, 500 College St. SW. The workshop covers the core elements of business planning, including structure, market analysis, marketing strategies, operations and financing. For more information, contact Tiffany Scroggs at (360) 754-6320.
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