The Port of Vancouver USA in Southwest Washington has abundant property ready for development with a lot of room for growth. The port currently occupies a total of 2,127 acres, including more than 800 acres of developed, operating industrial and marine facilities and 600+ acres available for future development. Coupled with its new industrial park property, prime location, and rail expansion project currently underway, the port is a very attractive option for companies looking to expand or relocate to the Pacific Northwest.
Centennial Industrial Park
The port’s 108-acre Centennial Industrial Park (CIP) features 58 acres that are now ready-to-build and available for sale or lease. It also has an adjacent 50 acres available for future development, ideal for light industry, advanced manufacturing and supply-chain support. Infrastructure improvements have already taken place at the site, including final site preparation, underground utilities, roads and sidewalks, and a state-of-the-art storm-water management system. These improvements were made possible thanks to a $5.7 million grant through Washington’s 2012 Jobs Now Act that was intended to help generate jobs.
Especially significant in today’s economy is the port’s ability to help prospective tenants think outside the box when it comes to finding funding sources for project development. One example of a creative approach to funding is utilization of the federal New Markets Tax Credit Program, which was instrumental in attracting Farwest Steel, one of the leading distributors, processors and fabricators of specialty steel products in the Northwest, to the port.
West Vancouver Freight Access Project
The Port of Vancouver USA is nearing completion of a $275 million rail infrastructure improvement called the West Vancouver Freight Access Project that will improve the movement of freight through the port and along railroad mainlines that connect the Pacific Northwest to major rail hubs in the U.S. and Canada. It significantly increases the port’s capacity to handle additional rail cars each year so goods can move more quickly to market, and lowers costs for U.S. manufacturers, making them more globally competitive.
In addition to CIP and the rail expansion project, the Port of Vancouver USA has over three million square feet of warehouse and industrial space, and has made substantial investments in leading-edge facilities.
Clark County, home of the port, has low taxes and offers workers and their families all the advantages of a major metropolitan city: outstanding livability, access to affordable housing, cultural and recreational opportunities, and quality school options for primary, secondary and higher education.
Site selectors look at how well various areas can accommodate their logistics needs when planning expansions or new development projects. Combined with Washington state’s highly skilled labor force and progressive business climate, the Port of Vancouver USA has the assets tenants need to grow and thrive. For more information, visit www.portvanusa.com or call (360) 693-3611.
If there’s a shortage of construction cranes in the United States, blame it on Washington State. The skies are filled with them these days as projects, ranging from world-class hotels and Amazon’s new world headquarters to the new Boeing 777X facility, take shape.
Indeed, Washington’s economy is experiencing historic growth. Fueled by the information communication technology (ICT), life sciences, advanced manufacturing and aerospace sectors, business and investment opportunities have never been greater.
A major player in a global economy
While other states duke it out over which has the best business climate, Washington State has eschewed all the hyperbole in favor of results — helping businesses large and small dominate entire markets with amazing products and services that often change the world.
If you own a computing device that does Windows, order your morning coffee using more than three words, were surprised to find out that Amazon is also a river in South America, or booked that fabulous vacation you always dreamed about on Expedia, chances are good that you’re already quite familiar with Washington State.
The state ranks #3 in the United States in exports, right behind California and Texas. Seattle-Tacoma’s combined port operations are the third largest shipping center in the country and some Washington ports are a day’s sail closer to Asian markets than their west coast counterparts.
A melting pot of creativity
Cooperation and collaboration are the norm and it’s not uncommon for professionals from different companies or even unrelated industries to come up with the next big thing over a craft beer in a local brewpub or on a mountain trail in the Cascades.
New ideas seem to come easily to the state’s entrepreneurs and innovators, largely because the region has a deeply ingrained pioneer spirit where out-of-the-box thinking is more likely to get you early stage funding than a judgmental stare and a finger wag.
You’re in good company, too!
Washington’s intellectual capital, legendary entrepreneurial mindset and collaborative ecosystem have attracted some of the largest, most well-known companies in the world. In recent years Facebook, Google, eBay, SpaceX, Alibaba, Apple and Twitter have opened offices, joining regional juggernauts such as f5 Networks, Cray, Valve and Zillow and business legends Amazon, Boeing, Costco, Microsoft, Nordstrom, REI and Starbucks.
The state’s highly skilled workforce, robust supply chain, low cost energy and reputation for innovation have lured international firms to Washington as well. Multinational firms such as BAE Systems, Dassault Systemes, Juno Therapeutics, Mitsubishi, Philips Healthcare, REC Silicon, Sharp, Shell, Toray and Zodiac have a strong presence in the region. New players continue to arrive in the market, including Kuka, GKN Aerospace and Héroux-Devtek, which have established operations to leverage new business opportunities and secure top-tier talent.
Companies are also drawn to Washington by the state’s competitive tax structure. Washington is one of a handful of states in the U.S. that doesn’t have a personal or corporate income tax. The state ranks near the bottom when it comes to local and state taxes paid per $1,000 in personal income in the United States. Businesses in specific targeted sectors are also eligible for tax incentives and deferrals.
And the living is easy
Does it really rain all the time in Washington? That’s a bit of an urban myth. While the state gets its share of precipitation because of its temperate marine climate, Seattle actually ranks 44th among major cities in average annual rainfall, far less than New York, Boston, Houston and even Miami. Parts of Eastern Washington get more sun annually than Florida, so even on the cloudiest of days you can still catch a few rays.
Washington’s culture is international in flavor and diverse. There’s a vibrant arts and music scene, world-class museums, symphonies and ballet, Broadway-level theater and nearly every cuisine imaginable featuring locally sourced ingredients. If the great outdoors floats your boat, you can go for an exhilarating hike in the morning, play a round of championship golf in the afternoon and still have enough time for a sunset sail. Washington truly has something for everyone, from its dazzling scenic vistas and celebrated diversity to its eclectic communities that beckon you to escape from the daily grind and kick back for the weekend.
Choose Washington State
For more information about Washington, call (206) 256-6100 or visit www.choosewashingtonstate.com.