market facts - market facts 2016

Market Facts2016� e statistical pro� le of Snohomish County

Snohomish County’s rise as a manufacturing powerhouse • 6-7

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BUSINESS NEWSEvCC adding new mechatronics program . . . . . . . . . . . . . . . . . . . . . . 4

Study shows county’s manufacting growth over 50 years . . . . . . . . . . .6-7

Sound Transit plans light rail to Everett . . . . . . . . . . . . . . . . . . . . . 10

2016: A review of the year’s business news . . . . . . . . . . . . . . . . . . . . 14-15

STATISTICAL SNAPSHOTS

Listing of chambers of commerce . . 8

Listing of aerospace companies in Snohomish County . . . . . . . . . 17-20

Selected occupational wages in Everett-Seattle-Bellevue . . . . . 20-22

Snohomish County home sales, prices . . . . . . . . . . . . . . . . . . . . . . . 23

List of Snohomish County banks . . . . . . . . . . . . . . . . . . . . . . . 24

Snohomish County economic characteristics . . . . . . . . . . . . . . . . 25

Unemployment numbers for Snohomish County . . . . . . . . . . . . 25

Consumer Price Index, Seattle-Tacoma-Bremerton MSA . . . . . . . . 27

Seattle metro area unleaded fuel prices . . . . . . . . . . . . . . . . . . . . . . . 27

Seattle metro area piped natural gas, per therm . . . . . . . . . . . . . . . . . . . . 27

Seattle metro area electricity per kilowatt hour . . . . . . . . . . . . . . . . . 27

Largest private employers in Snohomish County . . . . . . . . . . . . 28

Largest public employers in Snohomish County . . . . . . . . . . . . 28

Graduation rates for Snohomish County school districts . . . . . . . . . 29

Languages spoken in Snohomish County . . . . . . . . . . . . . . . . . . . . . 29

Snohomish County population, 2005-2015 . . . . . . . . . . . . . . . . . . . 30

MARKET FACTS 2016 THE HERALD BUSINESS JOURNAL 3

WHAT’S INSIDE MARKET FACTS 2016 NEWSROOMEditor: Jim Davis 425-339-3097; [email protected]; [email protected]

Contributing Writers: Deanna Duff, Melissa Crowe

Contributing Editor: Jocelyn Robinson

PublisherJosh O’[email protected]

ADVERTISING SALESMaureen Bozlinski425-339-3445 — Fax [email protected]

SUBSCRIPTIONS425-339-3200 www.theheraldbusinessjournal.com

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

COVER PHOTOIan Terry, The Herald

Send news, Op/Ed articles and letters to: The Herald Business Journal, P.O. Box 930, Everett, WA 98206, or email to [email protected]. We reserve the right to edit or reject all submissions. Opinions of columnists are their own and not necessarily those of The Herald Busi-ness Journal.

KEVIN CLARK / THE HERALD

Real estate broker Saman Kouretchian believes low-priced homes in Everett will attract investors.

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By Melissa CroweFor The Herald Business Journal

EVERETT – Unlike decades ago, the current surge in demand for welders and other vocational skills in the Puget Sound region is more than a search for blue-col-

lar workers.Increasingly special-

ized industry requires knowledge of robot-ics, electronics, pro-gramming and fabrica-tion along with a solid foundation of weld-ing, hydraulics and mechanics.

The new mechatronics program at Everett Community College, slated to open this fall, is gearing up to train a new kind of workforce.

“It’s nothing like what we saw in shop class 20 years ago,” said Sheila Dunn, EvCC associate dean of aerospace and advanced manufacturing careers. “The processes are evolving and changing and

the foundational skills are changing with it.”

This new crop of technicians will still need to know how to maintain and repair older equipment, along with how to work with automated systems and robotics. The new program is a direct response of industry demand.

“It’s a commitment of the college to the community, to future workers and to the industries that are working hard to sup-port their growing and emerging tech-nology,” Dunn said.

If the name sounds off, don’t be alarmed. It is “a made-up word for mechanical electronics,” Dunn said.

The college’s new program will train technicians in robotics, electri-cal, mechanical, programming, welding, hydraulics, programmable logic controls and fabrication.

Upon graduation, mechatronics tech-nicians will be able to install, main-tain, troubleshoot and repair industrial equipment.

Mechatronics is one of the top emerg-ing technologies slated to transform the world. The Bureau of Labor Statistics forecasts the occupation will continue growing through 2022 and technicians’ broad skill set will help sustain demand for their services.

“What we’re hearing from industry is

this is what’s needed most,” Dunn said. “This is the gap: people in the trades with understanding of basic mechanical electronics.”

Locally, Boeing is the big key player in the program and stands to benefit the most from the trained workforce, Dunn said. That also trickles down to second- and third-tier suppliers who are also auto-mating their systems and adding robotics equipment.

As positions for riveters or drillers are replaced with robots, “you’d be creating jobs in turn with the people who have to maintain those systems,” Dunn said

Dunn expects the shortage of these employees will drive the wage up.

Recent machining grads who earn $60,000 after five years could stand to earn more with mechatronics training, Dunn said.

“The whole idea of prevention and maintenance of automated systems is just emerging,” Dunn said. “As these robots are being customized for employers, that creates a whole area of who is going to sustain those investments.”

EvCC committed in October to fund-ing a $2.5 million expansion of the Advanced Manufacturing Training and Education Center to make room for the new mechatronics program.

EvCC President David Beyer said in a

news release the program and expansion is “the next step to meet the demand for skilled employees.”

The center, which opened in October 2014, is located in a former warehouse at 909 N. Broadway. The expansion will add 17,000 square feet to the center, including eight classrooms and a mechatronics lab.

The college plans to open the program in stages until it is fully built out to a full-time, two-year degree.

In the two-year build out process, the college will offer a short certificate with compressed versions of the five key areas to mechatronics: electronics, mechanics, programming, pneumatics and hydrau-lics, and robotics.

This winter students can earn a short certificate in robotics.

Dunn expects the first year will see 40 graduates, but one challenge is identifying who needs the program the most: people already in the workforce or new students.

Since the manufacturing center opened, more than a thousands students have been trained for high-demand jobs in manufacturing and aerospace.

Dunn said she hopes to partner with area high schools for dual-credit courses on robotics and work with area universi-ties’ mechanical engineering programs to create real-life situations for both professions.

4 THE HERALD BUSINESS JOURNAL MARKET FACTS 2016

HIGHER EDUCATION NEWS

EvCC trains new kind of workforceProgram to teach skills needed in future as well as needed in past

Sheila Dunn

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By Deanna DuffFor The Herald Business Journal

J ohn Monroe had a front-row seat to Snohomish County’s manufacturing boom.

With the opening of Boeing’s first Everett plant in 1967, he witnessed his hometown transition from a predomi-nantly mill town to the advanced manu-facturing juggernaut it is today.

A 2015 University of Washington study found Snohomish County boasted the nation’s largest percentage of manufac-turing job growth over a period of nearly 50 years.

From 1967 to 2014, it surged 276 per-cent increasing from 16,000 to 60,156 jobs. The study was based on U.S. Bureau of Labor statistics.

“We can’t forget how important manu-facturing and advanced manufacturing are to our community in terms of both jobs and social benefits,” says Monroe, chief operating officer of Economic Alli-ance Snohomish County.

Snohomish County is an encourag-ing anomaly. In 1967, manufacturing jobs accounted for 25 percent of the U.S. workforce compared to 8.3 percent in 2014. Locally, neighboring King County dropped 45.5 percent.

“I’ve been here (Washington) since 1955 and long before Everett’s Boeing plant. So, I knew in general things had changed, but even I was surprised by how much Snohomish County’s growth out-paces other places,” says Richard Mor-rill, the study’s author and University of Washington professor emeritus, Depart-


COURTESY THE BOEING CO.

The first 747-200B being built at Boeing’s plant at Paine Field in a photo shot on July 31, 1970. Below is the Everett Boeing factory under construction at Paine Field on April 4, 1967.

COVER STORY

From mill town to boom townStudy: Manufacturing surged in Snohomish County as it declined elsewhere in U.S.

ment of Geography and Environmental Studies.

Snohomish County contributes $36.2 billion to the state economy. The major-ity of the county’s manufacturing jobs are related to aerospace and anchored by Boeing’s presence, according to Eco-nomic Alliance.

“We have the full life cycle of employ-ment in Everett from conceptualizing and designing airplanes, to building, corpo-rate functions, marketing and sales. Plus, we have numerous suppliers in Snohom-ish County,” says Bill McSherry, Boeing vice president, State & Local and Global Corporate Citizenship.

McSherry estimates that Boeing’s cur-rent workforce in Everett is approxi-mately 44,000.

Growth includes the April 2013 open-ing of Boeing’s new 180,000 square-foot Everett Delivery Center which tripled previous capacity.

Additionally, the 747 recently was updated and the 767 line was boosted in 2015. Boeing’s 787-9 Dreamliner is also currently under production in Everett.

“There has been a period of a couple of years where every plane in the Everett factory has been updated. That invest-ment — I can’t even tell how many of mil-lions of dollars — is driving a remarkable increase in work for Everett,” McSherry says.

The future of Snohomish manufactur-ing work will likely continue expanding with the development of Boeing’s 777X. The program is projected to support 56,000 jobs in Washington.

Everett will be home to the 1.2 million square-foot Composite Wing Center. Construction is underway with a pro-jected opening of 2016 to begin building the largest wing in history.

According to Monroe, aerospace ranks highest in all industry sectors for what is known as the multiplier effect — addi-tional jobs created for every advance manufacturing job.

Every Snohomish County aero-space worker generates an additional 1.67 jobs.

“I think part of it is that aerospace industry salaries are higher and afford a bit more discretionary income to spend on services and education. It just overall affords the community a higher level of employment,” Monroe says.

While Boeing is the region’s pri-mary linchpin, the enduring strength of Snohomish County’s manufacturing sec-tor is an ecosystem of diverse contribu-tors. A 2013 study by Community Attri-butes, Inc., a Seattle-based consulting

firm, found that the county is home to 219 aerospace-related businesses.

“When we think about economic development, there is the concept of eco-nomic clusters, concentrations of given industries. There is no better example of an economic cluster making everyone stronger than what’s in Everett when it comes to aerospace,” McSherry says.

A number of companies recently relo-cated to Snohomish County.

In 2009, Korry Electronics, a sub-sidiary of Esterline Control Systems, moved from South Lake Union to Paine Field.

In February 2015, Esterline acquired Belgium based Barco, an aerospace and defense display business, with half of the company moving to Everett.

“There were a couple of reasons for the move,” says Mike McCoy, presi-dent of Esterline-Korry Electronics and Esterline-Mason Electric. “One was the pro-business climate we experienced in Snohomish County. (Economic Alliance) reached out and bent over backwards working on site selection so we could be co-located to Boeing.”

McCoy cites the “rich community of skilled workers” as another reason why the area is fertile ground for

manufacturing. A local focus on educating the next

generation of workers includes Everett Community College’s Advanced Manu-facturing Training & Education Center. Opened in 2014, an expansion is already planned to accommodate demand for new programs.

“We have to ensure we stay focused on our general ability to continue delivering skilled and qualified employees at all lev-els of the workforce. All levels is really a key aspect for me,” says Matt Yerbic, chief executive officer, Aviation Technical Ser-vices (ATS).

ATS provides airplane maintenance, major modifications and upgrades. Around 75 percent of its workforce is located in Snohomish County.

“The vast majority of people who are underpinning this industry and sector of Snohomish County may not be engi-neers, but are more likely folks who are very highly skilled technicians putting airplanes together and helping maintain them. That’s the driving engine,” Yerbic says.

Companies such as ATS provide sus-tainment services which help ensure a vibrant future for the manufacturing. Planes built in Everett continually return

for maintenance and upgrades, work that would otherwise be lost.

“There is an entire life cycle from dreaming up the airplane to bringing it to life and then maintenance and modi-fications,” Yerbic says. “It’s great to have both sides of that process in one area. It’s not all that usual. It’s kind of a uniquely Snohomish County thing.” Snohomish County leaders are working to support continued manufacturing growth for the next 50 years.

Economic Alliance commissioned a study in 2014 that projected 200,000 new residents in 20 years, which equates to 103,000 additional jobs.

Economic Alliance is identifying new manufacturing sectors, such as maritime and medical device manufacturing, with a need for skills already present in the local workforce.

Diversifying will help Snohomish County weather possible future fluctua-tions in aerospace.

“What we have (in Snohomish County) comes out of good fortune and decades of hard work by people who cared about their industry,” Yerbic says. “We have what we have today on the backs of the drive from the people. We can’t ever take that for granted.”


COVER STORY

IAN TERRY / THE HERALD

The assembly line for Boeing 777 planes is seen at Boeing’s Everett factory in December.

“I knew in general things had changed, but even I was surprised by how much Snohomish County’s growth outpaces other places.”

— Richard Morrill

Boom timesSnohomish County saw the number of its manufacturing jobs grow from 16,000 in 1967 to more than 60,000 in 2014, an increase of 276 percent, the largest growth of manufacturing jobs for any county in the country.

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THANKYOU

to the Snohomish County community for supporting our efforts to build a world-class Washington State University facility in the North Puget Sound region. The journey to this point has taken this community more than 40 years and we’re proud that you chose WSU as your partner. We promise to continue building programs targeted to the business needs of this region.

The success of our students will be the success of our community. Go Cougs!

everett.wsu.edu


CHAMBERS OF COMMERCEEconomic Alliance Snohomish County808 134th St SW, Suite 101Everett, WA 98204 Phone: 425-743-4567Fax: 425-745-5726Email: [email protected]: www.economicalliancesc.org/

Arlington-Smokey Point Chamber of Commerce

104 N Olympic Ave.Arlington, WA 98223 Phone: 360-659-5453Email: manager@arlington-smokeypoint-

chamber.comWebsite: www.arlington-smokeypointcham-

ber.com/

Bothell Chamber of Commerce23716 Eighth Ave. SE, Suite I-1Bothell, WA 98041Phone: 425-485-4353Email: [email protected]: www.bothellchamber.com/

Camano Island Chamber of Commerce

848 N. Sunrise Blvd.Camano Island, WA 98282 Phone: 360-629-7136Email: [email protected]: http://camanoisland.org/

Clinton Chamber of CommercePO Box 444Clinton, WA 98236Phone: 360-341-3929Email: [email protected]: www.clintonchamberofcommerce.

org/

Coupeville Chamber of Commerce905 NW Alexander St.Coupeville, WA 98239Phone: 360-678-5434Email: [email protected]: www.coupevillechamber.com/

Edmonds Chamber of Commerce121 Fifth Ave. NEdmonds, WA 98020 Phone: 425-670-1496Fax: 425-712-1808Email: [email protected]: www.edmondswa.com/

Freeland Community Chamber of Commerce

1664 Main St.Freeland, WA 98249Phone: 360-331-1980Fax: 360-331-1980Email: [email protected]: www.freeland-wa.org/

Lake Stevens Chamber of Commerce (Greater)

9327 4th St. NE, Suite 7Lake Stevens, WA 98258Phone: 425-334-0433Email: [email protected]

Website: www.lschamber.org/

Lynnwood Chamber of CommercePO Box 2661 Lynnwood, WA 98036 Website: www.thelynnwoodchamber.com/

Marysville Tulalip Chamber of Commerce8825 34th Ave NE, Suite CMarysville, WA 98271Phone: 360-659-7700

Fax: 360-653-7539Email: membersupport@marysvilletulalip-

chamber.comWebsite: www.marysvilletulalipchamber.

com/

Monroe Chamber of Commerce and Visi-tor Information Office

125 South Lewis St.Monroe, WA 98272Phone: 360-794-5488Fax: 360-794-2044Email: [email protected]: www.chamber-monroe.org/

Mukilteo Chamber of Commerce4902 76th St. SWMukilteo, WA 98275Phone: 425-347-1456Email: [email protected]: http://mukilteochamber.org/

Oak Harbor Chamber of Commerce32630 Highway 20Oak Harbor, WA 98277 Phone: 360-675-3755Fax: 360-679-1624Email: [email protected]: http://oakharborchamber.com/

Snohomish Chamber of Commerce127 Ave. ASnohomish, WA 98291Phone: 360-568-2526Fax: 360-568-3869Email: [email protected]: www.cityofsnohomish.com/

Stanwood Chamber of Commerce8725 271st St. NWStanwood, WA 98292

Phone (360) 629-0562Email: [email protected]: http://www.stanwoodchamber.org/

Sultan (Sky Valley) Chamber of Commerce320 Main St.Sultan, WA 98294Phone: 360-793-0983Fax: 360-793-3241Email: [email protected]

Association of Washington Business1414 Cherry St. SEOlympia, WA 98507 Phone: 80-521-9325Email: [email protected] site: www.awb.org/

Washington State Hispanic Chamber of Commerce

P.O. Box 21925Seattle, WA 98111 Phone: 206-451-1139Fax: 206-453-7066

Washington Retail Association618 Quince St. SEOlympia, WA 98501Phone: 360-943-9198Email: [email protected]

U.S. Chamber of Commerce — Northwest Region

3400 188th St. SW, Suite 403Lynnwood, WA 98037Phone: 425-774-8094Website: www.uschamber.com/

Source: Washington Chamber of Commerce Executives

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Snohomish County has a strong need for college graduates with targeted degrees to maintain the strength of the local economy. Aerospace and advanced manufacturing companies that support our economy need new talent to replace a generation of retiring employees. Thousands of new engineers will need to be hired by those companies by 2020.

That’s closer than you think...

Beyond aerospace jobs, our state leads the nation in the creation of STEM jobs. However, according to Washington Roundtable, 25,000 jobs, heavily concentrated in the STEM disciplines, went unfilled by employers in 2013 due to a lack of qualified candidates.

They’re closer than you think...

Washington state ranks 45th in the U.S. for 18-24 year olds in college. Our county’s students are challenged by location, cost and the ability to access the programs they need to get jobs locally.

We’re closer than you think.

WSU offers in-demand, degree-completion programs in electrical

engineering, mechanical engineering, hospitality business

management and integrated communication, with software

engineering and data analytics coming soon.

Washington State UniversityNorth Puget Sound at Everett

everett.wsu.edu


Community has always been important to Moss Adams—it’s the backbone of our business. We pride ourselves on offering personal, responsive, partner-level service to businesses and individuals in Snohomish County. More than an accounting firm, we strive to be trusted advisors and responsible members of the communities we serve. If your business thrives, our community thrives—and that’s what it’s all about.

“Moss Adams is a world-class, dominant West Coast firm with deep expertise. But what’s unique about us is our commitment to

serving clients in our local communities,” said Rob Grannum, the partner in charge of the Everett office. “We’ve had a local presence in Snohomish County for almost 50 years, and the partners and people in our Everett office make Snohomish County home.”

That connection puts community growth at the forefront for Moss Adams. We’ve been an avid supporter of the Economic Alliance Snohomish County since its inception. We also support a variety of local charities and organizations.

In Snohomish County, Moss Adams serves multiple industries, including aerospace, health care, manufacturing, construction,

real estate, and not-for-profit, and also offers private client services. Nationwide, we have 27 locations with more than 2,200 professionals with expertise across 33 industries. And internationally, we serve 102 countries through Praxity, aisbl, a global alliance of independent accounting firms.

“Our mission is to make a meaningful difference in the lives of our clients and our people—this is something we’re truly passionate about,” Grannum said. “And that really sums up why Moss Adams is in business.”

We’re proud to be a partner in the community.

National expertise. Hometown commitment.

W W W. M O S S A D A M S .C O M

(425) 259-7227 | 2707 Colby Avenue, Suite 801 | Everett, WA 98201

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By Jim DavisThe Herald Business

Journal Editor

Congestion around the region is more than incon-venient; it’s a threat to jobs and businesses.

That’s what elected officials say about the bumper-to-bumper traffic that’s only getting worse around the Puget Sound area.

“Getting from Ever-ett to Seattle or Seattle to Everett with any predict-ability is simply not pos-sible on I-5,” said Everett City Councilman Paul Roberts.

Now, the 18-member Sound Transit board is

putting together a new transit measure called Sound Transit 3 that is expected to go to voters this fall. The new measure

is likely to finish what is called the “spine,” building a light rail corridor from Everett to Tacoma and out to Redmond.

Everett officials would like to see the light-rail line run to Paine Field — where it would serve tens of thousands of Boe-

ing workers — then head north to the Everett Sta-tion and end up near Ever-ett Community College.

But the Everett leg will be competing against other needs in the region, in particular proposals to build light rail that reaches Ballard and West Seattle. Those proposals would be attractive King County voters.

So there might be pres-sure to build light rail to Everett up I-5 or High-way 99, which would save money for other projects. A Sound Transit study released in early Decem-ber showed that an I-5 line of light rail would

cost between $2.9 billion to $3.1 billion. A line that runs to Paine Field would cost an estimated $4.6 bil-lion to $4.9 billion.

“Building the wrong system might be cheaper, but at the end of the day it’s wrong,” said Roberts, who serves on the Sound Transit board.

Everett Mayor Ray Stephanson also strongly supports bringing light rail to Paine Field.

“If it’s a straight shot up I-5 and bypasses 100,000 workers (at the Boeing fac-tory), that’s show stopper for me.” Stephanson said.


TRANSPORTATION NEWS

CONTRIBUTED PHOTO

The Sound Transit board is considering alternatives in a tax package heading to voters this fall that would bring light rail to Everett.

Continued on Page 12

Sound Transit considers light rail optionsCity, county officials want light rail to go to Paine Field

“Getting from Everett to Seattle or Seattle to Everett with any predictability is simply not possible on I-5.”

— Paul Roberts

TRANSPORTATION NEWS

Personalized service and solutions are closer than you think.

Right here in Everett, in fact.

Find out why thriving organizations across the Puget Sound area turn to us for accounting and advisory services. Put our expertise to work for you.

(425) 259-7227 W W W. M O S S A D A M S .C O M

Aerospace & Defense | Automotive & Dealer Services | Construction & Real Estate | Financial ServicesGovernment, Utilities & Not-for-Profit | Health Care | Manufacturing & Distribution | Private Client Services

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“That’s just unacceptable. I would be hard pressed to support it in 2016 if that’s the case.”

Sound Transit operates express bus, commuter rail and light rail in Sno-homish, Pierce and King counties.

Voters have twice approved tax measures to pay for still-under-con-struction light rail as well as Sounder commuter train service and bus service.

Under the current mea-sure, called Sound Tran-

sit 2, light rail is being extended south to Kent-Des Moines and north to Lynnwood.

Sound Transit expects to open two new stations this spring, one in the Seattle neighborhood of Capi-tol Hill and the other at Husky Stadium next to the University of Washington. Those stations are open-ing $150 million under budget and six months early.

The agency expects light rail to reach North-gate by 2020 and Lyn-nwood by 2023. That is being paid for with a 0.9

percent sales tax — or 9 cents on every $10 pur-chase — across the region and an increase in car tabs. In early December, Sound Transit released cost esti-mates as well as ridership and travel time projections for dozens of projects that would be paid for if voters approve Sound Transit 3.

The agency also put out construction options if the new measure is approved for 15, 20 or 25 years. If approved, a typical adult would pay as much as $200 a year in new taxes.

“The decisions this board makes in the next year will shape this region for decades to come,” said Dow Constantine, the King County executive, who also chairs the Sound Transit board. “We’re not going to able to do every single thing that has been suggested, but I know this board is up to finding the best investments.”

Sound Transit board members hope to come up with a final package by May or June for voters to consider on the Novem-ber ballot.

After the cost esti-mates were released in early December, the elected officials from Sno-homish County on the If the board goes for a longer tax measure — for instance, the 25-year tax — they will be able to con-struct more light rail and other transit.

But voters have twice rejected Sound Transit measures that have asked for too much.

Roberts and Stephan-son, who does not serve on the Sound Transit board, said that they might need to do away with some costs — maybe fewer sta-tions, for now — to build the spine. They both said that commuters don’t care about any one region, Roberts said.

“People don’t go to work in one region and live in one region and only care about the one region,” Roberts said.

It’s going to be a deli-cate, difficult negotiation to get to the right package that the board can support, the elected officials can support and most impor-tantly the voters can sup-port, Stephanson said.

“It’s not going to do Snohomish County any good if we get everything we want and the voters of King County vote it down and vice versa,” Stephan-son said.


Continued from Page 10

Route Paine Field Highway 99 I-5

In Everett

Everett Station

via Pacific Avenue

Everett station via 41st Street

Everett Station

via Pacific Avenue

Everett station via 41st Street

N/A

Cost (billions)

$4.643- $4.969

$4.460-$4.773

$4.266-$4.566

$3.987-$4.267

$2.902-$3.104

Length 15.7 miles 15.1 miles 14 miles 13.5 miles 12.6 miles

Ridership (daily)

43,000-58,000

43,000-58,000

42,000-54,000

42,000-54,000

42,000-56,000

Travel time 38 minutes 35 minutes 34 minutes 31 minutes 25 minutes

Light rail options to Everett

SOURCE: SOUND TRANSIT

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The Herald Business Journal Staff

It’ll probably be written about in business textbooks, explored in college classrooms.

Haggen Food & Pharmacy surprised everyone by buying 146 grocery stores during the Albertsons-Safeway merger.

Within months, problems emerged and the fallout could threaten the very exis-tence of the Bellingham grocer.

Haggen’s big-deal-gone-sideways headlines the top business news stories of 2015. And it will likely continue to make headlines for months to come.

Another surprise came when Arling-ton’s MicroGreen Polymers, once a darling of the clean-tech industry with its eco-friendly cups, suddenly shut its doors.

Other business news included an Ever-ett developer who was accused of defraud-ing foreign investors, union members protesting a decision by Boeing to locate a plant in China and major health institu-tions in the Puget Sound area announc-ing intentions to merge.

One deal that fell apart was the one between Everett’s Coastal Community Bank and Lynnwood’s Prime Pacific Bank, two of the county’s remaining com-munity banks. On the bright side, Boe-ing’s KC-46 aerial refueling tanker finally got off the ground after months of delay.

“The Air Force is going to love it,” a retired Boeing worker said at the time.

1. Haggen’s spectacular failure

Haggen grabbed headlines this year with the $300 million acquisition of 146 stores from Albertsons and Safeway.

With the deal, Haggen went from 18 stores with 16 pharmacies in Washington and Oregon to 164 grocery stores with 106 pharmacies all over the West Coast. The company also went from 2,000 employees to more than 10,000, almost overnight.

Haggen took over the first of the new stores on Feb. 1, a former Albertsons in Monroe.

It quickly became a case of the minnow choking on the whale. The chain faced pricing problems. And then stock prob-lems. By September, Haggen sued Albert-sons for $1 billion over the deal.

A little more than a week after that, Haggen filed for bankruptcy with a plan to sell or close many of the new stores and reorganize around its core profitable ones.

That might not work out. Haggen has asked permission from the bankruptcy court to auction its 37 remaining profit-able stores. A hearing is scheduled for January.

Independent supermarket researcher David Livingston criticized Haggen dur-ing the summer.

“They didn’t have the wherewithal to

do this deal,” Livingston said. “They were pretty much set up by Albertsons. Alb-ertsons was able to pick exactly who they wanted to take over their stores and they picked the weakest competitor. Were they duped? Yeah, no one argues that.”

2. MicroGreen’s sudden closure

Arlington’s MicroGreen Polymers attracted $80 million in investment for

its 8-ounce InCycle coffee cup that was supposed to be cheaper, more durable and more eco-friendly than traditional foam or coated paper cups.

Major airlines were serving coffee in the cups.

And MicroGreen won a host of indus-try honors.

MicroGreen spent years developing the environmentally friendly cup.

And then it all came crashing down. The company struggled to raise tens of

millions of dollars needed to ramp up pro-duction quickly enough to meet demand and cover the company’s expenses.

In January, the Confederated Tribes of Grand Ronde in Oregon, Micro-Green’s biggest investor, tired of the company failing to make a profit and forced out the company’s longtime chief executive officer, Tom Malone.

By April, Microgreen closed, leaving 160 people without work.

MicoGreen’s assets — including the technology behind the cups — were bought at auction for $3.5 million in October by Dart Container, the maker of the red Solo cups.


THE ASSOCIATED PRESS

Chinese President Xi Jinping (right) and Boeing Commercial Airplanes President and CEO Ray Conner talk during a tour of the Boeing assembly line in Everett in September.

OLIVER LAZENBY / THE BELLINGHAM BUSINESS JOURNAL

Shelves were bare at a Haggen in Bellingham in mid-September.

YEAR IN REVIEW

2015: The year of the deal

3. Developer accused of fraud

Everett developer Lobsang Dargey had been a bright spot for downtown Everett. In 2011, he built the $22 million Potala Village development on Pacific Avenue. And he went on to build a $60 million Potala Place and Farmer’s Market at Grand Avenue and Wall Street.

“I love Everett,” Dargey said in 2014. “Everett is like a jewel that not been dis-covered yet.”

Just as the second project was open-ing, the Securities and Exchange Com-mission accused Dargey of defrauding foreign investors of millions of dol-lars. Dargey had raised $125 million from Chinese nationals for Potala Place and another project in Seattle, Potala Tower.

The investments came through a fed-eral program called EB-5, which offers a shortcut to a U.S. visa if someone invests in a project that creates jobs in the country.

The SEC alleges that Dargey misused and misappropriated millions, includ-ing spending money shopping at luxury stores and trips to casinos in Washington and Las Vegas.

Dargey’s attorneys have said that the SEC is overstating its case, which comes down to sloppy bookkeeping and not fraud.

The case is ongoing.

4. Tanker’s first flight

It had the makings of a festive morn-ing. And then everybody held their breath collectively.

After months of delay and hundreds of millions of dollars in cost overruns, Boe-ing’s KC-46 tankers was scheduled for its first flight at Paine Field one morning in late September.

But a cool and foggy morning delayed takeoff. Dozens who gathered to watch the plane finally take off, took shelter in the coffee shop of the Future of Flight Aviation Center.

By the afternoon, the flight was back on. The plane left Everett at 1:24 p.m. and landed four hours later in Seattle.

Boeing is scheduled to deliver 18 com-bat-ready tankers to the U.S. Air Force by August 2017.

The planes will replace the KC-135 Stratotankers, which entered service decades ago. Military pilots have joined Boeing pilots on testing the new plane.

5. Boeing in China

Chinese president Xi Jinping flew to Everett, toured the Boeing plant and spent 48 hours in the Puget Sound area.

During the visit, Boeing received an order for 300 jets from Chinese companies.

Xi left with a commitment from the plane maker to build a 737 finishing plant in China, the company’s first plant out-side the U.S.

Boeing follows Airbus’ lead in placing a plant in China; the European airplane maker opened one there in 2008.

Boeing Commercial Airplanes Presi-dent and CEO Ray Conner told work-ers that the new plant would not reduce 737 Program employment in Washing-ton. That didn’t prevent union workers from protesting outside the Everett and Renton plants during Xi’s visit.

“The more capacity created outside Washington, the harder it makes it for aerospace workers in Washington to compete,” said Jon Holden, president of District Lodge 751 of the International Association of Machinists and Aerospace Workers.

6. Health care mergers planned

The Everett Clinic was founded in 1924. Group Health started in 1947. Both have become institutions in the Puget Sound area.

And both were potentially merging with larger health care companies. The Everett Clinic announced plans in Sep-tember to merge with Denver, Colorado-based DaVita Healthcare. In December, Group Health announced that it was being purchased by Kaiser Permanente, based in Oakland, California.

The Everett Clinic will keep its name

and continue to be led by a physician board, said Rick Cooper, the clinic’s chief executive. Patients would notice little change, he said, either in dealing with a physician or with insurance issues. “It will be business as usual,” he said. Both deals needed to be agreed to by shareholders as well as insurance regulators.

7. Bank merger denied

There was some poetry to the idea: The largest bank headquartered in Sno-homish County would merge with the oldest.

But it was not to be.Everett’s Coastal Community Bank and

Lynnwood’s Prime Pacific announced plans to combine in April.

Coastal, with 11 branches, is mainly based in central and northern Snohom-ish County. Prime Pacific, with three branches, is based in the southern part of Snohomish and northern part of King County.

Coastal hoped to expand to the south with the merger.

When the merger was announced, Prime Pacific was still operating under a consent order from the federal Office of the Comptroller of the Currency, the result of what the government called unsafe and unsound banking during the recession. In June, Prime Pacific was released from that order. And Prime Pacific was on track to have three con-secutive profitable years.

With the improved financial footing, Prime Pacific’s shareholders voted down the merger in October.


KEVIN CLARK / THE HERALD

Justin Standish labels equipment with lot numbers for the now-defunct MicroGreen Polymers’ in Arlington this summer. The company suddenly shut down in spring 2015.

COURTESY PHOTO BY THE BOEING CO.

Boeing’s first KC-46 aerial refueling tanker deploys its refueling boom for the first time during a test flight accompanied by a U.S. Air Force fighter jet.

YEAR IN REVIEW

IT TAKES EXPERIENCE TO HOST AN UNFORGETTABLE ONE. VIP SUITES | EDWARD D. HANSEN CONFERENCE CENTER EVENTS | CORPORATE PARTNERSHIPS

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1470080



A & B Quality FinishersManufacturing-finishing5712 207th Ave. SE,

Snohomish425-742-7665

A.E. PetscheWiring-supplies2525 W. Casino Road,

Everett425-227-6047www.aepetsche.com

Absolute ManufacturingMachining6914 204th St. NE,

Arlington360-435-1116www.absolutemfg.com

Accra ManufacturingMachining17703 15th Ave. SE,

Bothell425-424-1000www.accramfg.com

Accurate MachiningMachining12128 Cyrus Way,

Mukilteo425-745-0227

ACRO MachiningMachining3817 168th St. NE,

Arlington360-653-1492www.acromachining.com

Action Grinding and Machining

Machining17611 OK Mill Road,

Snohomish425-742-3917www.agmco.net

Advanced Designs (B&C Manufacturing)

Machining2919 Pine St., Everett425-787-9968

Advanced Prototype Technologies

Prototyping4208 Russell Road,


Aero Mac Machining4602 Chennault Beach

Road, No. 1, Mukilteo425-348-4140www.aeromacinc.com

AeroAcousticsConsulting-design9802 29th Ave. W,

Everett425-438-0215www.aeroacoustics.com

Aeroform CompanySheet metal-welding15008 Smokey Point

Blvd., Marysville360-659-4044www.aeroforminc.com

AeroMech RSVM Certification1616 Hewitt Ave.,

Everett

425-252-3236www.aeromechinc.com

Aeronautical Testing ServiceAircraft design, certifica-

tion and testing18820 59th Drive NE,

Arlington360-435-8859www.aerotestsvc.com

Aerospace ConsultingConsulting-design8928 Vernon Road,

Everett425-377-9525

Aircraft Maintenance and Support (division of LRT)

Maintenance15712 Mill Creek Blvd.,

Mill Creek425-742-0333www.lrt-inc.com

Aircraft on Ground3100 112th St. SW,

Everettwww.aoginc.com

AIT DesignConsulting-design22745 29th Drive SE,

Bothell425-398-7329www.aint.com

AMT (Senior PLC)Machining20100 71st Ave. NE,

Arlington360-435-1119www.amtnw.com

Apache AerospaceManufacturing-tooling9700 Harbour Place,

Mukilteo425-349-5800www.apacheaerospace.

comApplied Aerosystems

Surface treatment-paint10727 47th Place W,


Applied FinishingFinishing4216 Russell Road,


Aviation (Cunningham) Aircraft Covers

Aircraft covers19018 59th Drive NE,

Arlington360-435-0342www.aviationcovers.com

Aviation Instrument Service International

Avionics repair-installation8223 44th Ave. W,

Mukilteo425-347-7677www.aviationinstrument.

comAviation Technical Services (ATS)

Maintenance-fixed wing3100 112th St. SW,

Everett

425-423-3016www.atsmro.aero

Aviation Technologies (AvTech)

Instrumentation3500 188th St. SW,

Lynnwood425-248-2188www.avtcorp.com

Avtech/TyeeSheet metal-welding6500 Merrill Creek Park-

way, Everett425-622-8664www.tyeeaircraft.com

B/E Aerospace/Flight Structures (FSI)

Manufacturing-systems, components, ancillary equipment

6330 31st Ave. NE, Marysville

360-657-5197www.beaerospace.com

Ballard Technology (division of Astronics)

Designs-manufacture11400 Airport Road,

Everett425-339-0281www.ballardtech.com

Barton MachineMachining11400 Airport Road,

Everett425-438-1161www.bartonmachine.com

Blue Streak FinishersManufacturing-finishing1520 80th St. SW,

Everett425-347-1944www.bluestreak-finish-

ers.comBMG Industries

Machining19111 61st Ave. NE ,

Arlington360-435-3928

Boeing Commercial AirplanesManufacturing-structures3003 W Casino Road,

Everettwww.boeing.com

Boundary Layer ResearchManufacturing-systems,

components, ancillary equipment

9730 29th Ave. W, Everett

425-353-6591www.blrvgs.com

BridgewaysContract manufacturing1220 75th St. SW,

Everett425-513-8213www.bridgeways.org

Bucher Aerospace Corp.Manufacturing-systems,

components, ancillary equipment

11400 Airport Road, Everett

STATISTICAL SNAPSHOT

Listing of Snohomish County aerospace companies

1471

919

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425-355-2202www.bucher-group.com

Can Am AerospaceAvionics repair-installation3101 111th St. SW, Everett877-523-2945www.canamaero.com

Cannon Aircraft InteriorsInteriors, completion10108 32nd Ave. W , Everett425-348-6924www.cannonaircraftinteriors.com

Carbon AerospaceComposites1000 SE Everett Mall Way,

Everettwww.carbon-aero.com

Cascade Aviation ServicesInteriors, completion9800 Harbor Place, Mukilteo425-493-1708www.cascade-aviation.com

Cascade PrecisionMachine shop10809 47th Ave. W, Mukilteo425-742-0888www.caspre.com

Castle and Cook AviationFixed base operator9724 32nd Place W, Everett425-355-6600www.castlecookeaviation.com

Cayley Aerospace Engineering-technical services18830 38th Ave, Lynnwood425-710-9701www.cayleyaerospace.com

CNA Manufacturing SystemsManufacturing-tooling15000 Woodinville-Redmond

Road NE, Woodinville425-482-7977www.cnaflextool.com

Coastal ManufacturingSheet metal fabricated com-

ponents, assemblies6700 Hardeson Road, Everett425-407-0624www.coastal-mfg.com

Cobalt EnterprisesMachining10917 Mountain Loop High-

way, Granite Falls360-691-2298www.cobaltent.com

Coleman MachineMachining12426 Mukilteo Speedway,


Color-Tech (division of ASKO)Finishing6304 215th St SW, Mountlake

Terrace206-634-2089www.askogroup.com/

companies/colortechCommet Precision Products

Machine shop15328 Highway 530 NE,

Arlington360-403-7800

Component Products CorporationMachining11623 Cyrus Way, Mukilteo425-355-6800

www.cpc-web.comComposites One

Materials-composites19105 63rd Ave. NE, Arlington800-283-0809www.compositesone.com

Covelet Machine and DesignMachine shop13115 41st Ave. NE, Marysville360-658-1977

Craig Craft Powder CoatingFinishing11324 Mukilteo Speedway,


Crane Aerospace - Eldec Corp.Manufacturing-systems, com-

ponents, ancillary equipment16700 13th Ave. W, Lynnwood425-743-8291www.craneaerospace.com

Crown AviationGeneral aviation10300 28th Ave. W, Everett425-355-4088www.crownaviation.com

Curtiss-Wright Flight SystemsManufacturing-systems, com-

ponents, ancillary equipment10108 32nd Ave. W, Everett425-355-4422

D3 TechnologiesConsulting, design8223 44th Ave. W, Mukilteo425-355-4903www.d3tech.com

Damar MachineMachining14767 172nd Drive SE, Monroe360-794-4448www.damaraerosystems.com

Diehl AerospaceAircraft interior lighting11002 29th Ave. W, Everett425-353-8080www.diehlaerospace.com/DAI

Diversified Industrial Services.Sheltered workshops13008 Beverly Park Road,

Mukilteo425-355-1253www.godiversified.com

DTL Canyon ParkTesting2200 222nd St. SE, Bothell425-964-2715www.dtl-inc.com

Eaton AerospaceSemiconductors, related

devices6500 Harbour Heights Park-

way, Mukilteo425-349-5281www.eaton.com

EDJ Precision MachineMachining13317 Ash Way, Everett425-745-3937www.edjprecision.com

ElectroimpactManufacturing-tooling4604 107th St. SW, Mukilteo425-348-8090www.electroimpact.com

Ericson InternationalConsulting, design

Edmonds425-775-2100

Esterline Control SystemsElectronics11910 Beverly Park Road,

Everett425-297-9700www.esterline.com

Excell AerofabMachining19222 62nd Ave. NE, Arlington360-403-8994

Exotic Tool WeldingSheet metal, welding2909 Seaway Blvd., Everett425-353-3040www.exotictoolwelding.com

Fokker Aerostructures12121 Harbour Reach Drive,

Mukilteo206-3845644www.fokkeraerostructures.com

G&M ManufacturingMachining19009 61st Ave. NE, Arlington360-435-5966

GE Aviation SystemsManufacturing-systems, com-

ponents, ancillary equipment6500 Harbour Pointe Heights,

Mukilteo509-248-5000, 425-245-0500www.geaviationsystems.com

General AerospaceInterior parts3500 188th St. SW, Suite 480,

Lynnwood(425) 673-7523www.general-aero.com

Giddens IndustriesMaterials-plastics2600 94th St. SW, Everett425-353-0405www.giddens.com

Glasair AviationKitplane manufacturers 18810 59th Ave. NE, Arlington360-435-8533www.glasairaviation.com

Global Machine WorksMachining19130 59th Drive NE, Arlington360-403-8432www.globalmachineworks.com

Gomph BracketsMaterials-plastics12426 Mukilteo Speedway,

Mukilteo425-348-5002www.gompf.com

Greenpoint TechnologiesInterior reconfigurations3101 111th St. SW, Everett425-828-2777www.greenpnt.com

Gunnar USAComposites Matt Cutting3810 166th Place NE, Suite

102, Arlington, (360)-657-5291

H&H MachineMachining22824 85th Place W, Edmonds425-776-1994

HDI Landing Gear USA

Landing gear6301 36th Ave W., Everett440-783-5255www.herouxdevtek.com

HGS AerospaceAssembly systems22121 17th Ave. SE, Bothell586-293-8660www.hgsaero.com

Honeycutt MachineMachining12402 Evergreen Drive,


HoneywellManufacturing-systems, com-

ponents, ancillary equipment3215 97th Place SW, Everett

Horizon Manufacturing IndustriesMachining11417 Cyrus Way, Mukilteo425-493-1220www.horizonman.com

HR GivonManufacturing - Other2300 Merrill Creek Parkway,

Everett(425) 355-3330www.hrgivon.com

ID IntegrationConsulting, design13024 Beverly Park Road,

Mukilteo425-438-2533www.id-integration.com

IDL Precision MachiningMachining11600 49th Place W, Mukilteo425-315-8080

Infinity FabricationMachining19225 62nd Ave. NE, Arlington360-435-7460www.infinityfabrication.com

Innovative TechnologiesMaterials-plastics3318 Hill Ave., Everett425-258-4773www.innovativetechnologies.biz

International Gear TechnologiesPrecision gears3101 111th St. SW, Everett425-353-4300www.igtcorporation.com

J.R. Engineering (Quietly Superior)Consulting, design1902 120th Place SE, Everett425-337-9472www.quietlysuperior.com

K&T MachineMachining12315 Mukilteo Parkway,

Lynnwood425-347-2157

Kaas TayloredInteriors, completion13000 Beverly Park Road,

Mukilteo425-743-1886www.kaastailored.com

Kaman Engineering Services (Global Aerosystems)

Consulting, design10108 32nd Ave. W, Everett425-367-4477www.globalaerosystems.com

Keltia DesignTraining, recruiting, design16824 44th Ave. W, Lynnwood206-734-4658

King MachineMachining11710 Cyrus Way, Mukilteo425-743-5464

KitPlanes NorthwestKit airplane manufacturer,

aircraft service, maintenance 17415 51st Ave. NE, Arlington360-403-0679www.kitplanesnorthwest.com

Koch Machine and ToolMachining19010 66th Ave. NE, Arlington360-474-8017

Kuka SystemsRobotics6300 Merrill Creek Parkway,

Everettwww.kuka-systems.com

LabinalManufacturing-systems, com-

ponents, ancillary equipment2300 Merrill Creek Parkway,

Everett425-438-1378www.labinal.com

LaFarge & EggeSheet metal-welding5820 188th St. SW, Lynnwood425-778-4123www.lafargeinc.com

Lamar Technologies Corp.Manufacturing-voltage

regulators14900 40th Ave. NE,

Marysville360-651-6666www.lamartech.com

Laz Tool & ManufacturingManufacturing-tooling14816 Roosevelt Road,

Snohomish360-568-5749www.laztool.com

Liebherr-Aerospace SASManufacturing-systems, com-

ponents, ancillary equipment906 SE Everett Mall Way,

Everett425-348-9070www.liebherr.com

LMI AerospaceManufacturing1910 Merrill Creek Parkway,

Everett425-293-0304www.in-tec.com

Lord CorporationMaterials-composites1230 233rd Place SW, Bothell425-488-3292www.lord.com

Lytle MachineMachining7327 Olympic Drive, Everett425-290-3538

MDI (Manufacturing Design)Machining4420 Russell Road, Mukilteo425-356-2648www.mfgandesign.com

Messier Dowty - BugatiWheels, tires, brakes




7501 Hardeson Road, Everett425-4381378www.messier-bugattiusa.com

Metal MotionMachining19003 59th Drive NE, Arlington360-403-7330www.metalmotion.com

Metal TechManufacturing-finishing14792 172nd Drive SE,Monroe360-794-1945

MicrojetMaterials-metals16372 177th Ave. SE, Monroe360-805-9400

Miller Screw ProductsMachining3400 Academy Drive SE,

Bothell253-939-7340

Mobile Tool ManageTooling11323 Commando Road W,

Everett425-438-8127www.mobiletoolmanagement.

comMOOG Aircraft Group

Manufacturing-systems, com-ponents, ancillary equipment

808 134th Ave. SW., Everett425-787-8673www.moog.com

Morgan Aero ProductsMaintenance-accessories,

components1450 80th St. SW, Everett425-438-9600www.morganaero.com

Morgan Branch CNCMachining19011 62nd Ave. NE, Arlington360-435-7170

New Breed LogisticsLogistics2600 94th St. SW, Everett425-249-5000www.newbreed.com

New Tech IndustriesConsulting, design7911 44th Ave. W, Mukilteo425-778-1200www.newtechind.com

Newell CorporationMaintenance-accessories,

components6922 204th St. NE, Arlington360-435-8955www.newellcorp.com

Northway ProductsMachining11027 47th Ave. W, Mukilteo425-742-4498www.northwayproducts.com

Northwest Aerospace TechnologiesConversion-modification2210 Hewitt Ave., Everett425-257-2044www.natdesign.com

Novator Tooling2615 W Casino Road, Unit 2B,

Everettwww.novator.eu

Novatech EngineeringConsulting & Design20818 44th Ave. W, Lynnwood425-245-7000www.ntew.com

Omega PrecisionManufacturing

7929 44th Ave. W, Mukilteo425-356-3124www.ometech.net

Onamac IndustriesMachining11504 Airport Road, Everett425-743-6676www.onamac.com/home

Orion TechnologiesConsulting, design20230 82nd St. SE, Snohomish360-668-8355www.oriontechnologies.net

PAC-AeroMachining2720 34th St., Everett425-258-2741

Pacifica EngineeringConsulting, design21520 30th Drive SE, Bothell425-984-2700www.pacifica-engineering.com

Panasonic AvionicsManufacturing-avionics22333 29th Drive SE, Bothell425-415-9053www.panasonic.aero

Paragon ManufacturingWire harness2615 W. Casino Road, Everett425-438-0800www.paragonmfgcorp.com

Para-PhernaliaSupplies19018 59th Drive NE, Arlington360-435-7220www.softieparachutes.com

Pentar Avionics SystemsManufacturing-avionics22125 17th Ave. SE, Bothell425-424-3370

www.pentar.comPineda Precision

Machining13127 Beverly Park Road,

Everett425-290-5928

Plexus Manufacturing Inc.Materials-plastics4416 Russell Road, Mukilteo425-348-7745www.plexusman.com/about us

Polaris Machining and Sheet MetalMachining103 Cedar Ave., Marysville360-653-7676www.polarismachining.com

Precision Airmotive Manufacturing-systems, com-

ponents, ancillary equipment14800 40th Ave. NE, Marysville360-651-8282www.precisionairmotive.com

Precision CircuitsManufacturing-systems, com-

ponents, ancillary equipment18025 Highway 99, Lynnwood425-778-4980

Precision EnginesGeneral aviation3220 100th St. SW, Everett425-347-2800www.precisionengines.com

Precision Fuel ComponentsManufacturing-systems, com-

ponents, ancillary equipment3220 100th St. SW, Everett425-513-6789www.precisionfuel.com

Precision LogisticsSupplies1318 Pioneer Highway, Silvana360-652-3333

www.skypac.comPro Tool Manufacturing

Manufacturing-tooling12414 Highway 99 S, Everett425-353-0763www.ptmcorp.com

Procam MachineMachining18421 Bothell-Everett High-

way, Mill Creek425-485-9889www.procammachine.com

Production PlatingPlating, powder coating

services4412 Russell Road, Mukilteo425-347-4635www.productionplating.com

Quality Industrial ServicesSheet metal-welding7529 Beverly Blvd., Everett425-348-8825

Qualtest ConsultantsConsulting, design10121 Evergreen Way, Everett425-347-7266www.qtccorp.com

Queen City PlatingFinishing11914 Cyrus Way, Mukilteo425-315-1992

RBM MachiningMachine shop12108 Mukilteo Speedway,

Mukilteo425-743-5373www.rbmachining.com

RG MachineMachine shop2100 196th St. SW., Lynnwood425-775-7009www.rgmachine.com

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1471950


Rockwell CollinsManufacturing-systems, com-

ponents, ancillary equipment3350 Monte Villa Parkway,

Bothell425-492-1318www.rockwellcollins.com

Rolls Royce North AmericaConsulting, design6300 Merrill Creek Parkway,

Everett425-349-4100www.rolls-royce.com

Royell ManufacturingMachining3817 Smith Ave., Everett425-259-9258www.royell.com

Ryerson-MicrojetSheet metal-welding3506 124th St. NE, Marysville360-657-5700www.ryerson.com

Scott AviationMaterials-other19807 Yew Way, Snohomish360-668-7793

Sealth Aero-MarineMaterials-metals16001 Mill Creek Blvd., Mill

Creek425-481-0727www.sealth.com

Sextant AvioniqueMaterials-other2615 W. Casino Road, Everett206-355-7112

Smiths AerospaceManufacturing-systems, com-

ponents, ancillary equipment6500 Harbour Heights Park-

way, Mukilteo

425-245-0500www.smiths-aerospace.com

Soundair Aviation Services Maintenance-accessories,

components1826 Bickford Ave., Snohomish360-453-2300www.soundair.com

Star AviationEngineering, technical services728 134th SW, Everettwww.staraviation.com

Steel-FabMaterials-metals6525 188th St NE, Arlington360-435-5564www.steel-fab.com

Stoddard InternationalMaterials-composites18660 58th Ave. NE, Arlington360-435-6455www.stoddardintl.com

Structural Integrity EngineeringConsulting, design909 SE Everett Mall Way,

Everett425-710-7646www.sieinc.com

Systima TechnologiesEngineering, technologies1832 180th St. SE, Bothell425-487-4020www.systima.com

TNT EnterprisesSheet metal-welding17121 3rd Ave. SE, Mill Creek425-742-8210www.tntsheetmetal.com

Talon ManufacturingMachining17617 49th Place NE,

Arlington

360-403-8910TCI Scales

Maintenance-accessories, components

17611 OK Mill Road, Snohomish

425-742-3917www.tciscales.com

TechnofanOther aircraft parts, auxiliary

equipment manufacturing 7501 Hardeson Road, Everett425-438-1378www.technofan.fr

TECT AerospaceManufacturing-systems, com-

ponents, ancillary equipment11002 29th Ave. W, Everett425-353-8080www.tectcorp.com

Terry’s Machine and ManufacturingMachining12128 Cyrus Way, Mukilteo425-315-8866www.terrysmachine.com

Triumph Structures (formerly Contour Aerospace)

Machining1415 75th St. SW, Everett425-438-7101www.contouraerospace.com

TRW - Lucas AerospaceManufacturing-systems, com-

ponents, ancillary equipment6700 Hardeson Road, Everett425-407-1191

Turning Point MachiningMachining710 Ash Ave., Marysville425-252-7300

Umbra CuscinettiAerospace2916 100th St. SW,

Everett425-743-2577www.umbrausa.com

Universal AerospaceManufacturing-systems, com-

ponents, ancillary equipment18640 59th Drive NE, Arlington360-435-9577www.universalaerospace.com

University Swaging - (Primus)Swaging6525 240th St. SW,

Woodinville425-318-4500www.primusint.com/

UTC-Aerostructures Engine integration 2615 94th St. SW, Everett 425-923-1848www.goodrich.com

UTC-Interiors Maintenance-fixed wing 6700 Hardeson Road, Everett425-771-1214www.goodrich.com

UTC-Sensors & Integrated Systems Manufacturing-systems, com-

ponents, ancillary equipment 6700 Hardeson Road, Everett 425-407-1191www.goodrich.com

UTC Aerospace Systems -Landing Gear

Manufacturing-structures 2701 94th St. SW, Everett 425-261-8700www.goodrich.com

ValbergElectronic design, manufac-

turing, control panels, harness building

14286 169th Drive SE, Monroe360-794-9885

www.valberglls.comVaupell

Injection molding10108 32nd Ave. W, Everettwww.vaupell.com

Vector IndustriesMachining1520 80th St. SW, Everett425-347-6696www.vectorindustries.com

Walter Dorwin Teague (Teague)Consulting, design6600 Merrill Creek Parkway,

Everett425-342-2270www.teague.com

Western Fluid ComponentsMachinery equipment2303 Pacific Ave., Everett425-252-0974www.westernfluidcomp.com

Westwood PrecisionMachining7509 Hardeson Road, Everett425-742-7011www.westwoodprecision.com

Wood AssociatesConsulting, design9128 52nd St. SE, Snohomish425-335-1327

XP ModificationsManufacturing-systems, com-

ponents, ancillary equipment18306 59th Drive NE, Arlington800-819-9270www.xpmods.com

Zodiac AerospaceManufacturing6300 Merrill Creek Parkway,

Everett425-347-4919www.zodiacaerospace.com.



Employees Hourly Annual

All Occupations 1,761,920 $27.58 $57,370

Management Occupations 90,100 $59.21 $123,150

Chief Executives 2,570 $106.68 $221,900

General and Operations Managers 20,930 $62.35 $129,680

Marketing Managers 4,070 $67.71 $140,850

Sales Managers 5,770 $60.07 $124,940

Financial Managers 7,520 $58.57 $121,820

Purchasing Managers 1,440 $62.32 $129,630

Food Service Managers 1,910 $26.31 $54,720

Property, Real Estate, and Community Association Managers

2,440 $38.34 $79,740

Business and Financial Operations Occupations

124,090 $37.75 $78,510

Compliance Officers 3,710 $35.54 $73,920

Human Resources Specialists 8,170 $35.17 $73,150

Management Analysts 12,320 $49.50 $102,950

Market Research Analysts and Marketing Specialists

12,040 $39.88 $82,960

Business Operations Specialists, All Other

21,050 $36.63 $76,200

Accountants and Auditors 17,320 $36.88 $76,720

Budget Analysts 1,350 $37.17 $77,320

Personal Financial Advisors 2,850 $59.00 $122,730

Insurance Underwriters 1,460 $38.51 $80,100

Loan Officers 3,680 $33.96 $70,640

Computer and Mathematical Occupations

116,150 $50.16 $104,320

Computer Systems Analysts 12,140 $48.64 $101,170

Computer Programmers 12,590 $57.16 $118,880

Software Developers, Applications 46,010 $56.27 $117,040

Software Developers, Systems Software

8,930 $55.58 $115,600

Web Developers 4,040 $41.64 $86,610

Network and Computer Systems Administrators

5,650 $41.64 $86,610

Computer User Support Specialists 10,360 $28.39 $59,040

Architecture and Engineering Occupations

53,790 $43.85 $91,210

Architects, Except Landscape and Naval

2,510 $36.23 $75,350

Civil Engineers 6,580 $41.29 $85,880

Computer Hardware Engineers 1,460 $51.34 $106,800

Electrical Engineers 4,290 $50.58 $105,200

Selected occupational wages in Everett-Seattle-Bellevue

Seattle-Bellevue-Everett area (May 2014)

Source: United States Department of Labor, Bureau of Labor Statistics

Website: http://www.bls.gov/oes/current/oes_13380.htm

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Environmental Engineers 900 $44.80 $93,190

Mechanical Engineers 4,120 $45.37 $94,380

Mechanical Drafters 2,010 $36.68 $76,290

Surveying and Mapping Technicians 600 $26.25 $54,600

Life, Physical, and Social Science Occupations

18,960 $35.29 $73,400

Biochemists and Biophysicists 310 $40.20 $83,620

Microbiologists 380 $33.38 $69,430

Zoologists and Wildlife Biologists 790 $38.19 $79,440

Biological Scientists, All Other 660 $37.28 $77,540

Environmental Scientists and Specialists, Including Health

2,350 $37.11 $77,180

Economists 170 $41.62 $86,570

Urban and Regional Planners 1,200 $39.93 $83,050

Biological Technicians 1,960 $22.10 $45,970

Community and Social Service Occupations

24,990 $21.78 $45,290

Educational, Guidance, School, and Vocational Counselors

2,440 $27.55 $57,310

Mental Health Counselors 1,530 $21.00 $43,680

Rehabilitation Counselors 3,860 $18.61 $38,720

Child, Family, and School Social Workers

3,140 $23.43 $48,740

Healthcare Social Workers 1,910 $28.07 $58,390

Mental Health and Substance Abuse Social Workers

1,310 $22.74 $47,300

Social and Human Service Assistants 5,290 $14.90 $30,990

Legal Occupations 14,320 $48.37 $100,620

Lawyers 8,130 $62.06 $129,080

Judicial Law Clerks 250 $26.19 $54,470

Judges, Magistrate Judges, and Magistrates

530 $46.62 $96,960

Paralegals and Legal Assistants 3,590 $29.29 $60,920

Education, Training, and Library Occupations

94,250 $26.28 $54,650

Vocational Education Teachers, Postsecondary

2,740 $27.05 $56,270

Preschool Teachers, Except Special Education

4,820 $14.27 $29,690

Self-Enrichment Education Teachers 4,550 $21.93 $45,610

Substitute Teachers 8,830 $18.79 $39,090

Librarians 1,800 $33.13 $68,920

Instructional Coordinators 1,200 $30.10 $62,610

Education, Training, and Library Workers, All Other

1,980 $24.60 $51,170

Arts, Design, Entertainment, Sports, and Media Occupations

30,000 $27.52 $57,240

Multimedia Artists and Animators 1,840 $36.71 $76,360

Graphic Designers 3,130 $28.59 $59,460

Interior Designers 1,440 $25.31 $52,630

Producers and Directors 1,580 $32.75 $68,130

Reporters and Correspondents 420 $21.18 $44,050

Public Relations Specialists 2,890 $31.46 $65,430

Editors 1,760 $33.08 $68,800

Technical Writers 880 $39.84 $82,860

Writers and Authors 930 $35.00 $72,800

Photographers 920 $15.52 $32,280

Healthcare Practitioners and Technical Occupations

86,770 $41.18 $85,660

Dentists, General 1,400 $89.38 $185,920

Dietitians and Nutritionists 1,050 $31.97 $66,490

Pharmacists 3,050 $57.82 $120,260

Physician Assistants 1,090 $52.77 $109,760

Speech-Language Pathologists 1,520 $35.53 $73,910

Veterinarians 870 $42.91 $89,250


Registered Nurses 29,680 $39.83 $82,840

Nurse Practitioners 1,370 $48.68 $101,250

Dental Hygienists 3,190 $45.42 $94,480

Radiologic Technologists 2,200 $34.54 $71,840

Emergency Medical Technicians and Paramedics

1,310 $30.51 $63,450

Home Health Aides 5,520 $12.68 $26,370

Nursing Assistants 11,750 $15.02 $31,230

Protective Service Occupations 32,400 $25.77 $53,610

Firefighters 3,740 $36.33 $75,570

Correctional Officers and Jailers 2,430 $26.66 $55,450

Detectives and Criminal Investigators

720 $48.25 $100,350

Police and Sheriff’s Patrol Officers 4,200 $38.03 $79,100

Security Guards 12,380 $16.07 $33,420

Food Preparation and Serving Related Occupations

146,710 $12.80 $26,620

Cooks, Restaurant 14,450 $12.88 $26,790

Food Preparation Workers 12,250 $11.87 $24,690

Bartenders 8,070 $15.48 $32,190

Combined Food Preparation and Serving Workers, Including Fast Food

32,240 $10.72 $22,300

Counter Attendants, Cafeteria, Food Concession, and Coffee Shop

8,880 $10.86 $22,590

Waiters and Waitresses 27,340 $14.22 $29,580

Dishwashers 7,230 $10.80 $22,470

Building and Grounds Cleaning and Maintenance Occupations

44,370 $14.82 $30,820

Janitors and Cleaners, Except Maids and Housekeeping Cleaners

22,380 $14.24 $29,630

Maids and Housekeeping Cleaners 7,910 $11.89 $24,720

Landscaping and Groundskeeping Workers

10,690 $16.12 $33,520

Personal Care and Service Occupations 53,850 $14.13 $29,390

Nonfarm Animal Caretakers 3,030 $12.76 $26,550

Gaming Dealers 3,390 $11.20 $23,310

Amusement and Recreation Attendants

2,170 $11.30 $23,500

Hairdressers, Hairstylists, and Cosmetologists

5,500 $18.09 $37,630

Manicurists and Pedicurists 2,750 $13.05 $27,140

Fitness Trainers and Aerobics Instructors

5,070 $20.00 $41,590

Recreation Workers 3,310 $13.80 $28,700

Sales and Related Occupations 183,090 $21.12 $43,930

Cashiers 33,270 $13.21 $27,470

Counter and Rental Clerks 8,810 $15.21 $31,640

Retail Salespersons 60,370 $14.23 $29,590

Securities, Commodities, and Finan-cial Services Sales Agents

3,830 $43.60 $90,690

Travel Agents 1,250 $19.95 $41,500

Real Estate Sales Agents 3,500 $22.33 $46,440

Office and Administrative Support Occupations

248,180 $19.31 $40,160

Bill and Account Collectors 3,030 $17.75 $36,920

Billing and Posting Clerks 6,430 $19.42 $40,400

Bookkeeping, Accounting, and Auditing Clerks

20,540 $20.69 $43,030

File Clerks 1,590 $15.98 $33,250

Hotel, Motel, and Resort Desk Clerks 2,030 $11.85 $24,660

Receptionists and Information Clerks 12,070 $15.43 $32,100

Shipping, Receiving, and Traffic Clerks 10,030 $17.80 $37,020

Office Clerks, General 24,890 $16.13 $33,560

Farming, Fishing, and Forestry Occupations

2,190 $17.04 $35,450

Agricultural Inspectors 80 $29.04 $60,400

Graders and Sorters, Agricultural Products

330 $13.90 $28,900

Farmworkers and Laborers, Crop, Nursery, and Greenhouse

770 $12.23 $25,430

Farmworkers, Farm, Ranch, and Aquacultural Animals

180 $18.36 $38,180

Forest and Conservation Workers 120 $11.62 $24,160

Logging Equipment Operators 200 $22.25 $46,280

Construction and Extraction Occupations 72,270 $27.53 $57,270

Carpenters 12,420 $25.81 $53,690

Tile and Marble Setters 1,030 $25.96 $53,990

Construction Laborers 10,450 $22.69 $47,190

Operating Engineers and Other Construction Equipment Operators

3,480 $30.39 $63,220

Plumbers, Pipefitters, and Steamfitters 4,820 $32.58 $67,770

Roofers 1,840 $22.85 $47,530

Sheet Metal Workers 2,270 $28.10 $58,450

Structural Iron and Steel Workers 1,060 $34.69 $72,160

Installation, Maintenance, and Repair Occupations

60,750 $25.69 $53,430

Automotive Body and Related Repairers

1,060 $25.74 $53,540

Automotive Service Technicians and Mechanics

6,740 $21.91 $45,580

Bus and Truck Mechanics and Diesel Engine Specialists

2,800 $28.10 $58,440

Heating, Air Conditioning, and Refrigeration Mechanics and Installers

2,020 $30.67 $63,780

Electrical Power-Line Installers and Repairers

1,160 $39.29 $81,720

Maintenance and Repair Workers, General

15,240 $20.87 $43,410

Production Occupations 106,000 $21.10 $43,880

Electrical and Electronic Equipment Assemblers

3,510 $17.08 $35,540

Machinists 5,530 $24.12 $50,180

Welders, Cutters, Solderers, and Brazers

2,640 $23.24 $48,330

Printing Press Operators 1,680 $20.11 $41,820

Laundry and Dry-Cleaning Workers 1,890 $12.79 $26,600

Sewing Machine Operators 2,820 $14.01 $29,140

Inspectors, Testers, Sorters, Sam-plers, and Weighers

8,110 $27.59 $57,380

Painters, Transportation Equipment 1,510 $27.16 $56,480

Transportation and Material Moving Occupations

117,430 $19.52 $40,610

Ambulance Drivers and Attendants, Except EMTs

820 $16.14 $33,570

Bus Drivers, Transit and Intercity 4,470 $24.07 $50,080

Bus Drivers, School or Special Client 3,670 $17.72 $36,870

Heavy and Tractor-Trailer Truck Drivers

15,110 $22.00 $45,760

Light Truck or Delivery Services Drivers

11,250 $17.98 $37,390

Cleaners of Vehicles and Equipment 3,710 $13.79 $28,680


Selected occupational wages in Everett-Seattle-Bellevue

Source: United States Department of Labor, Bureau of Labor Statistic



Single-family homes, 2015*

Average/median sales prices

MLS Area

Sales 2014

Sales 2015

YTD 2014 YTD 2015

610 1,552 1,555 $456,655 $492,450

730 1,784 1,697 $359,572 $397,524

740 2,303 2,498 $328,708 $352,319

750 1,004 993 $283,301 $310,315

760 1,208 1,171 $276,056 $301,080

770 1,826 1,683 $253,401 $276,083

Total 9,677 9,597 $321,540 $351,541

Condominiums, 2015*


MLS Area

Sales 2014

Sales 2015

YTD 2014 YTD 2015

610 311 341 $267,016 $339,118

730 674 648 $217,269 $258,508

740 833 909 $201,983 $231,382

750 76 53 $163,464 $189,633

760 94 130 $219,229 $268,751

770 114 105 $183,569 $207,001

Total 2,102 2186 $208,810 $245,216

Combined single-family homes, condos 2015*


MLS Area

Sales 2014

Sales 2015*

YTD 2014 YTD 2015

610 1,863 1,896 $431,533 $462,328

730 2,458 2,345 $326,470 $366,352

740 3,136 3,407 $300,364 $324,619

750 1,080 1,046 $275,594 $305,507

760 1,302 1,301 $270,107 $294,660

770 1,940 1,788 $252,785 $270,308

Total 11,779 11,783 $305,115 $333,790

Single-family homes, 2014


MLS Area

Sales 2013

Sales 2014

YTD 2013 YTD 2014

610 1,606 1,552 $404,382 $456,655

730 1,846 1,784 $367,627 $359,572

740 2,438 2,303 $327,817 $328,708

750 910 1,004 $281,206 $283,301

760 1,193 1,208 $262,511 $276,056

770 1,806 1,826 $250,217 $253,401

Total 9,799 9,677 $321,284 $321,540

Condominiums, 2014


MLS Area

Sales 2013

Sales 2014

YTD 2013 YTD 2014

610 218 311 $187,663 $267,016

730 728 674 $220,162 $217,269

740 703 833 $179,246 $201,983

750 54 76 $137,677 $163,464

760 73 94 $192,302 $219,229

770 114 114 $163,734 $183,569

Total 1,890 2,102 $192,898 $208,810

Combined single-family homes, condos 2014


MLS Area

Sales 2013

Sales 2014

YTD 2013 YTD 2014

610 1,824 1,863 $378,479 $431,533

730 2,574 2,458 $325,920 $326,470

740 3,141 3,136 $294,565 $300,364

750 964 1,080 $273,166 $275,594

760 1,266 1,302 $258,463 $270,107

770 1,920 1,940 $245,082 $252,785

Total 11,689 11,779 $299,126 $305,115



MLS Area

Sales 2012

Sales 2013

YTD 2012 YTD 2013

610 1,421 1,606 $364,273 $404,382

730 1,722 1,846 $320,951 $367,627

740 2,310 2,438 $287,178 $327,817

750 762 910 $249,996 $281,206

760 1,067 1,193 $237,241 $262,511

770 1,679 1,806 $220,156 $250,217

Total 8,961 9,799 $284,228 $321,284

Condominiums, 2013


MLS Area

Sales 2012

Sales 2013

YTD 2012 YTD 2013

610 219 218 $151,563 $187,663

730 586 728 $193,554 $220,162

740 624 703 $155,070 $179,246

750 53 54 $130,105 $137,677

760 66 73 $160,924 $192,302

770 122 114 $156,795 $163,734

Total 1,670 1,603 $167,679 $192,898



MLS Area

Sales 2012

Sales 2013

YTD 2012 YTD 2013

610 1,640 1,824 $335,868 $378,479

730 2,308 2,574 $288,606 $325,920

740 2,934 3,141 $259,083 $294,565

750 815 964 $242,201 $273,166

760 1,133 1,266 $232,795 $258,463

770 1,801 1,920 $215,865 $245,082

Total 10,631 11,689 $265,920 $299,126



MLS Area

Sales 2011

Sales 2012

YTD 2011 YTD 2012

610 1,161 1,421 $356,390 $364,273

730 1,519 1,722 $303,954 $320,951

740 1,998 2,310 $266,745 $287,178

750 696 762 $244,048 $249,996

760 900 1,067 $220,544 $237,241

770 1,497 1,679 $217,307 $220,156

Total 7,771 8,961 $270,504 $284,228

Condominiums, 2012


MLS Area

Sales 2011

Sales 2012

YTD 2011 YTD 2012

610 188 219 $183,312 $151,563

730 556 586 $214,722 $193,554

740 540 624 $152,383 $155,070

750 45 53 $107,058 $130,105

760 53 66 $168,614 $160,924

770 163 122 $165,605 $156,795

Total 1,545 1,670 $179,212 $167,679



MLS Area

Sales 2011

Sales 2012

YTD 2011 YTD 2012

610 1,349 1,640 $332,270 $335,868

730 2,075 2,308 $280,044 $288,606

740 2,538 2,934 $242,413 $259,083

750 741 815 $235,728 $242,201

760 953 1,133 $217,656 $232,795

770 1,660 1,801 $212,229 $215,865

Total 9,316 10,631 $255,364 $265,920

Snohomish County home sales and prices, 2012-2015

Snohomish County Northwest Multiple Listing Service area zones

Source: Northwest Multiple Listing Service; *Sales and sales prices for 2015 are based on figures available through Nov. 30, 2015

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1st Security Bank of Washington6920 220th St. SW, Suite 300Mountlake Terrace, WA 98043www.fsbwa.com CEO: Joe Adams

Bank of America100 N Tryon St.Charlotte,NC 28202www.bankofamerica.com CEO: Brian T. Moynihan

Banner Bank10 S First AvenueWalla Walla, WA 99362www.bannerbank.com President and CEO: Mark J Grescovich

BBCN Bank3731 Wilshire Boulevard, Suite 1000Los Angeles,CA 90010www.bbcnbank.com President and CEO: Kevin S. Kim

Coastal Community Bank2817 Colby Ave.Everett,WA 98201www.coastalbank.com CEO: Eric Sprink

Columbia State Bank1301 A St.Tacoma,WA 98402www.columbiabank.com CEO: Melanie Dressel

First Financial Northwest Bank201 Wells Ave. S

Renton,WA 98057www.fsbnw.com President and CEO: Joseph W. Kiley III

Heritage Bank201 Fifth Avenue, SWOlympia,WA 98501www.heritagebankwaonline2.com CEO: Brian Vance

HomeStreet Bank601 Union Street, Suite 2000Seattle, WA 98101www.homestreet.com CEO: Mark Mason

JPMorgan Chase Bank1111 Polaris ParkwayColumbus, OH 43240www.chase.com/CEO: James Dimon

KeyBank127 Public SquareCleveland,OH 44114www.key.com CEO: Beth Mooney

Mountain Pacific Bank3732 BroadwayEverett,WA 98201www.mountainpacificbank.com CEO: Mark A. Duffy

MUFG Union Bank400 California St.San Francisco,CA 94104www.unionbank.com

CEO: Stephen Cummings

Opus Bank19900 Macarthur Blvd., 12th FloorIrvine, CA 92612www.opusbank.com CEO: Stephen H. Gordon

Pacific Crest Savings Bank3500 188th St. SW, Suite 575Lynnwood, WA 98037www.paccrest.com/ CEO: Sheryl Nilson

Peoples Bank3100 Woburn StreetBellingham,WA 98226www.peoplesbank-wa.com CEO: Charles LeCocq

Prime Pacific Bank2502 196th St., SWLynnwood, WA 98036www.primepacificbank.com CEO: Glenn Deutsch

Skagit Bank301 E Fairhaven Ave.Burlington, WA 98233www.skagitbank.com CEO: Ken Johnson

Sound Community Bank2001 Fifth Ave.Seattle, WA 98121www.soundcb.com CEO: Laura Lee Stewart

The Bank of Washington5901 196th St. SWLynnwood, WA 98036www.the-bank.com CEO: Marty Steele

U.S. Bank425 Walnut St.Cincinnati, OH 45202www.usbank.com CEO: Richard K. Davis

Umpqua Bank445 SE Main St.Roseburg, OR 97470www.umpquabank.com/ CEO: Raymond P. Davis

UniBank19315 Highway 99Lynnwood,WA 98036www.unibankusa.com CEO and President: Daniel C. Lee

Washington Federal425 Pike St.Seattle, WA 98101www.washingtonfederal.com CEO: Roy Whitehead

Wells Fargo Bank101 N. Phillips Ave.Sioux Falls, SD 57104www.wellsfargo.com/CEO: John G. Stumpf

Source: FDIC

SNOHOMISH COUNTY BANKS



Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2011 10.6% 10.4% 10.0% 9.0% 9.1% 9.9% 9.7% 9.0% 8.9% 8.7% 8.6% 8.2%

2012 8.7% 8.7% 8.2% 7.2% 7.6% 8.2% 8.1% 7.5% 6.9% 6.7% 6.4% 6.2%

2013 6.6% 6.2% 5.7% 5.2% 5.4% 6.2% 6.0% 6.0% 5.8% 5.9% 5.7% 5.4%

2014 5.9% 6.0% 6.0% 4.8% 5.1% 5.1% 5.3% 5.3% 5.1% 4.8% 4.8% 4.5%

2015 5.2% 5.3% 4.5% 3.6% 4.0% 4.3% 4.3% 3.9% 4.1% 4.5% N/A N/A

Source: Employment Security Department

Snohomish County unemployment rate, 2011-2015

Employment status

Population 16 years and over 581,680

In labor force 396,655

Civilian labor force 392,972

Employed 358,749

Unemployed 34,223

Armed Forces 3,683

Not in labor force 185,025

Commuting to work

Workers 16 years and over 354,718

Car, truck, or van -- drove alone 266,096

Car, truck, or van -- carpooled 40,337

Public transportation (excluding taxicab)

19,379

Walked 6,049

Other means 5,146

Worked at home 17,711

Mean travel time to work (minutes) 29.9

Occupation

Civilian employed population 16 years and over

358,749

Management, business, science, and arts occupations

133,382

Service occupations 63,575

Sales and office occupations 84,562

Natural resources, construction, and maintenance occupations

37,009

Production, transportation, and mate-rial moving occupations

40,221

Industry


358,749

Agriculture, forestry, fishing and hunt-ing, and mining

2,829

Construction 25,572

Manufacturing 58,913

Wholesale trade 8,966

Retail trade 44,934

Transportation and warehousing, and utilities

14,407

Information 8,653

Finance and insurance, and real estate and rental and leasing

21,473

Professional, scientific, and manage-ment, and administrative and waste management services

37,926

Educational services, and health care and social assistance

70,435

Arts, entertainment, and recreation, and accommodation and food services

30,945

Other services, except public administration

18,706

Public administration 14,990

Class of worker


358,749

Private wage and salary workers 291,031

Government workers 47,245

Self-employed in own not incorpo-rated business workers

19,970

Unpaid family workers 503

Income and benefits (in 2012 dollars)

Total households 271,514

Less than $10,000 12,868

$10,000 to $14,999 8,220

$15,000 to $24,999 19,891

$25,000 to $34,999 21,073

$35,000 to $49,999 33,426

$50,000 to $74,999 50,656

$75,000 to $99,999 42,197

$100,000 to $149,999 51,248

$150,000 to $199,999 19,016

$200,000 or more 12,919

Median household income (dollars) $69,443

Mean household income (dollars) $83,440

With Social Security 64,641

Mean Social Security income (dollars) $18,668

With retirement income 43,210

Mean retirement income (dollars) $23,291

With Supplemental Security Income 11,346

Mean Supplemental Security Income (dollars)

$9,627

With cash public assistance income 10,492

Mean cash public assistance income (dollars)

$3,336

With Food Stamp/SNAP benefits in the past 12 months

33,385

Families 184,712

Less than $10,000 5,777

$10,000 to $14,999 3,493

$15,000 to $24,999 8,527

$25,000 to $34,999 11,954

$35,000 to $49,999 18,972

$50,000 to $74,999 34,138

$75,000 to $99,999 31,159

$100,000 to $149,999 42,285

$150,000 to $199,999 16,778

$200,000 or more 11,629

Median family income (dollars) $81,956

Mean family income (dollars) $95,482

Per capita income (dollars) $31,782

Nonfamily households 86,802

Median nonfamily income (dollars) $42,311

Mean nonfamily income (dollars) $53,024

Median earnings for workers (dollars) $37,903

Median earnings for male full-time, year-round workers (dollars)

61,277

Median earnings for female full-time, year-round workers (dollars)

44,952

Health insurance coverage

Civilian noninstitutionalized population

726,099

With health insurance coverage 637,527

With private health insurance 528,568

With public coverage 179,580

No health insurance coverage 88,572

Civilian noninstitutionalized popula-tion under 18 years

174,015


Civilian noninstitutionalized popula-tion 18 to 64 years

471,190

In labor force: 373,776

Employed: 341,981





Unemployed: 31,795





Not in labor force: 97,414





Economic characteristics of Snohomish County

Source: U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Estimates

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Jan Feb Mar April May June July Aug Sept Oct Nov Dec Semiannual 1st Half

2nd Half Annual AVERAGE

2011 229.482 231.314 233.25 233.81 235.916 234.812 232.765 230.815 234.715

2012 235.744 237.931 239.54 240.213 241.355 237.993 238.663 237.344 239.981

2013 239.898 240.823 242.82 242.767 242.787 241.055 241.563 240.777 242.35

2014 242.77 246.616 247.642 247.185 247.854 245.05 245.125 245.125 246.018

2015 245.496 247.611 251.622 251.617 250.831 N/A N/A N/A N/A

Source: U.S. Department of Labor, Bureau of Labor Statistics; November 2013; Base period: 1982-84; not seasonally adjusted; bimonthly statistics not available between 1992 and 1997

Seattle metro area conusmer price index, all items, 2011-2015


1999 $1.06 $1.02 $1.06 $1.38 $1.40 $1.34 $1.39 $1.44 $1.43 $1.38 $1.36 $1.39

2000 $1.39 $1.43 $1.60 $1.69 $1.63 $1.59 $1.64 $1.64 $1.71 $1.72 $1.70 $1.66

2001 $1.59 $1.55 $1.55 $1.54 $1.58 $1.62 $1.59 $1.52 $1.66 $1.63 $1.49 $1.28

2002 $1.20 $1.17 $1.23 $1.43 $1.46 $1.46 $1.48 $1.49 $1.47 $1.41 $1.41 $1.38

2003 $1.39 $1.64 $1.86 $1.79 $1.63 $1.55 $1.60 $1.76 $1.88 $1.66 $1.59 $1.52

2004 $1.61 $1.67 $1.79 $1.90 $2.20 $2.27 $2.01 $1.93 $1.99 $2.06 $2.06 $1.92

2005 $1.81 $1.92 $2.15 $2.44 $2.43 $2.30 $2.44 $2.60 $2.88 $2.80 $2.50 $2.23

2006 $2.24 $2.29 $2.40 $2.76 $3.11 $3.11 $3.02 $3.00 $2.80 $2.53 $2.44 $2.57

2007 $2.60 $2.47 $2.76 $3.08 $3.36 $3.14 $2.96 $2.79 $2.88 $2.98 $3.20 $3.13

2008 $3.08 $3.16 $3.46 $3.57 $3.86 $4.29 $4.27 $3.98 $3.74 $3.12 $2.19 $1.81

2009 $2.01 $2.16 $2.15 $2.30 $2.51 $2.84 $2.70 $2.84 $2.91 $2.76 $2.82 $2.79

2010 $2.87 $2.81 $2.98 $3.05 $3.01 $2.94 $2.98 $3.07 $2.94 $3.01 $3.08 $3.15

2011 $3.23 $3.34 $3.70 $3.92 $3.99 $3.86 $3.78 $3.75 $3.86 $3.80 $3.67 $3.44

2012 $3.44 $3.57 $4.00 $4.08 $4.16 $4.00 $3.57 $3.81 $4.01 $3.96 $3.47 $3.34

2013 $3.37 $3.62 $3.80 $3.64 $3.83 $3.79 $3.82 $3.79 $3.66 $3.44 $3.24 $3.29

2014 $3.37 $3.31 $3.58 $3.75 $3.87 $3.93 $3.96 $3.83 $3.75 $3.40 $3.00 $2.83

2015 $2.30 $2.31 $2.85 $2.70 $3.00 $3.05 $3.14 $3.03 $2.73 $2.43 N/A N/A

Seattle metro area unleaded fuel prices, 1999-2015

Source: U.S. Bureau of Labor Statistics, November 2013




2006 $0.072 $0.072 $0.072 $0.073 $0.073 $0.073 $0.075 $0.075 $0.075 $0.077 $0.077 $0.077

2007 $0.075 $0.075 $0.075 $0.076 $0.076 $0.080 $0.080 $0.080 $0.081 $0.080 $0.080 $0.080

2008 $0.080 $0.080 $0.080 $0.073 $0.082 $0.082 $0.082 $0.082 $0.082 $0.081 $0.080 $0.080

2009 $0.080 $0.080 $0.080 $0.082 $0.082 $0.082 $0.082 $0.082 $0.082 $0.082 $0.082 $0.082

2010 $0.085 $0.085 $0.085 $0.088 $0.089 $0.089 $0.090 $0.090 $0.090 $0.089 $0.088 $0.088

2011 $0.088 $0.088 $0.088 $0.089 $0.090 $0.090 $0.090 $0.090 $0.090 $0.089 $0.089 $0.089

2012 $0.089 $0.089 $0.089 $0.092 $0.093 $0.093 $0.093 $0.093 $0.093 $0.092 $0.092 $0.092

2013 $0.093 $0.092 $0.092 $0.095 $0.095 $0.095 $0.096 $0.096 $0.096 $0.095 $0.094 $0.094

2014 $0.096 $0.096 $0.096 $0.098 $0.099 $0.096 $0.096 $0.096 $0.096 $0.095 $0.095 $0.083

2015 $0.096 $0.096 $0.096 $0.098 $0.098 $0.102 $0.102 $0.102 $0.102 $0.102 N/A N/A


2010 $1.207 $1.207 $1.207 $1.224 $1.224 $1.249 $1.249 $1.249 $1.249 $1.250 $1.274 $1.274

2011 $1.275 $1.275 $1.275 $1.301 $1.307 $1.307 $1.307 $1.307 $1.307 $1.306 $1.253 $1.253

2012 $1.253 $1.253 $1.253 $1.246 $1.264 $1.264 $1.264 $1.264 $1.264 $1.266 $1.175 $1.175

2013 $1.176 $1.176 $1.176 $1.176 $1.169 $1.169 $1.188 $1.188 $1.188 $1.190 $1.195 $1.195

2014 $1.195 $1.195 $1.195 $1.195 $1.187 $1.187 $1.187 $1.187 $1.187 $1.186 $1.214 $1.214

2015 $1.216 $1.216 $1.216 $1.216 $1.253 $1.250 $1.250 $1.250 $1.250 $1.252 N/A N/A

Seattle metro area natural gas, per therm, 2010-2015

Seattle metro area electricity per kilowatt hour, 2006-2015


RANK COMPANY DESCRIPTION FTE 2015 WEBSITE

1 Boeing Aircraft manufacturing 38,000 www.boeing.com

2 Providence Regional Medical Center Medical services 3,500 http://washington.providence.org

3 Tulalip Tribes Enterprises Gaming, real estate, gov’t services 3,200 www.tulaliptribes-nsn.gov

4 Premera Blue Cross Health insurer 2,400 www.premera.com

5 Everett Clinic Health care 2,150 www.everettclinic.com

6 Walmart Retail 2,056 www.walmart.com

7 Swedish Edmonds Hospital Health care 1,850 www.swedish.org/edmonds

8 Philips Medical Systems Ultrasound technology 1,800 www.medical.philips.com

9 Fred Meyer retail - grocery 1,600 www.fredmeyer.com

10 Safeway Retail- grocery 1,350 www.safeway.com

11 Fluke Corp. (Danaher) Electronic test & measurement 1,200 www.fluke.com

12 Zodiac Aerospace Aerospace supplier; composites 1,000 www.zodiacaerospace.com/en

13 Aviation Technical Services Aircraft repair/maintenance/parts 1,000 http://atsmro.com

14 Albertson’s Retail - grocery 1,000 www.albertsons.com

15 Crane Aerospace & Electronics Aerospace electronics 900 www.craneae.com

30 Frontier Communications Northwest Communications 800 http://frontier.com

31 QFC Retail - grocery 731 www.qfc.com

32 Esterline Control Systems Aerospace electronics 700 www.esterline.com

33 Senior plc (AMT Senior) Aerospace parts 700 www.amtnw.com

34 Stillaguamish Tribe Gaming, gov’t services, investments 700 www.stillaguamish.com

36 Electroimpact Aerospace tooling & automation 620 www.electroimpact.com

37 Seattle Genetics Biotechnology 600 www.seattlegenetics.com

38 Sonosite Medical devices 600 www.sonosite.com

40 Jamco Aerospace interiors 500 www.jamcoamerica.com

41 Hos Brothers Construction Construction contractor 500 www.hosbros.com

42 CEMEX Sand/gravel mining operations 500 www.cemex.com

43 Travis Industries Manufacturing - fireplaces 450 www.travisindustries.com

44 Cadence Aerospace Aerospace parts 440 www.cadenceaerospace.com

45 Panasonic Avionics Aircraft equipment 430 www.panasonic.aero

46 Cascade Valley Hospital Health care 430 www.cascadevalley.org

47 Associated Materials Manufacturer, vinyl siding 400 www.associatedmaterials.com

48 Macy’s Retail 400 www.macys.com

49 Electric Mirror Manufacturing 360 www.electricmirror.com

50 Romac Foundry products 330 www.romac.com

RANK COMPANY DESCRIPTION FTE 2015 WEBSITE

1 Naval Station Everett U.S. Navy Base 6,500 www.cnic.navy.mil/everett

2 Washington State (includes colleges) State government 4,600 http://access.wa.gov

3 Snohomish County Government County government 2,700 http://snohomishcountywa.gov

4 Edmonds School District School district 2,558 www.edmonds.wednet.edu

5 Everett School District School district 2,157 www.everettsd.org

6 Mukilteo School District School district 1,717 www.mukilteo.wednet.edu

7 City of Everett City government 1,327 www.everettwa.org

8 Marysville School District School district 1,305 www.msd25.org

9 Snohomish School District School district 1101 www.sno.wednet.edu

10 Monroe Correctional Complex State gov’t - Corrections 1,000 www.doc.wa.gov/facilities/prison/mcc

11 Snohomish PUD Electric utility 980 www.snopud.com

12 Edmonds Community College Higher education 855 www.edcc.edu

13 Everett Community College Higher education 840 www.everettcc.edu

14 Community Transit Public transit 650 www.communitytransit.org

15 City of Lynnwood City government 533 www.ci.lynnwood.wa.us


Snohomish County’s largest private employers

Snohomish County’s largest public employers

Source: Economic Alliance Snohomish County



Population 5 years and over 688,171

Speak only English 81.20%

Speak a language other than English

18.80%

Spanish or Spanish Creole 6.10%

Other Indo-European languages

4.40%

Asian and Pacific Island languages

6.90%

Other languages 1.40%


Spanish or Spanish Creole 41,983

Other Indo-European languages

30,231

Asian and Pacific Island languages

47,323

Other languages 9,588

Citizens 18 years and older

All citizens 18 years and over

514,434

Speak only English 87.60%


12.40%

Spanish or Spanish Creole 2.80%

Other languages 9.60%

Snohomish County high school graduation rates, 2011-2014

Source: Office of the Superintendent of Public Instruction; *Measured each fall

Languages spoken in Snohomish County

Source: U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Estimates

2012 2013 2014 2015

K-12 Enrollment* 108,750 107,150 107,719 108,807

County graduation rate 2010-11 2011-12 2012-13 2013-14

On-time 76.4 77.7 77.2 78.1

Five-year rate 77.1 78.4 80.9 81.3

School District

Arlington

On-time 79.6 77.6 84.8 77.5

Five-year rate 79.3 82.3 81 86.9

Darrington

On-time 79.5 82.6 82.4 74.4

Five-year rate 86.8 78.8 87.2 87.9

Edmonds

On-time 76 74.2 75.6 82.6

Five-year rate 76.4 76.1 79 84.6

Everett

On-time 82.4 81.8 84.4 89.3

Five-year rate 84.2 85.8 88.5 91.2

Granite Falls

On-time 77.9 66 65.9 62.9

Five-year rate 75.9 73.7 78 74

Lake Stevens

On-time 82.8 88.3 91.7 89.4

Five-year rate 86.5 86.4 90 94.4

Lakewood

On-time 83.3 84.7 77.3 85.2

Five-year rate 83.1 86.5 87.2 82.6

Marysville

On-time 71.8 72.4 70.1 74.5

Five-year rate 73.4 73.2 75.7 77.8

Monroe

On-time 83.8 77.4 80.4 78.4

Five-year rate 90.8 65.9 77.1 84.5

Mukilteo

On-time 83.8 82.9 81.9 79.1

Five-year rate 87 85.6 88 86.8

Northshore

On-time 90.8 91.4 89.6 90.3

Five-year rate 91.5 91.6 93.2 93.6

Snohomish

On-time 84.9 83.8 82.8 84.4

Five-year rate 85.5 87.3 87 88.2

Stanwood-Camano

On-time 80.3 78.4 78 81.2

Five-year rate 80.9 80.9 84 85.4

Sultan

On-time 75 65.1 N/A 72.2

Five-year rate 77 80.4 N/A 78.8

ec4arts.org | 425.275.9595410FOURTHAVENUENORTH EDMONDSWA98020

WELLINGTON INT’L UKULELE ORCHESTRAThursday, January 21 | 7:30 pm$39, $34 & $29 | Youth/Student $15Wildly popular ukulele group known for their Kiwi humour and sublime musicality, critically acclaimed as “New Zealand’s hottest music-comedy ensemble.”

AN ACOUSTIC EVENING WITH

TRAVIS TRITTThursday, January 28, 2016$59, $54 & $49 | Youth/Student $15A two-time GRAMMY® Award-winning American Country music singer with seven of his albums certified platinum or higher. He’s received four awards from the Country Music Association and has been a member of the Grand Ole Opry since 1992.

RIDERS IN THE SKY:A TRIBUTE TO ROY ROGERSWednesday, February 3, 2016$39, $34 & $29 | Youth/Student $15A salute to iconic western movie, music, and TV star Roy Rogers. This classic cowboy quartet has chalked up two GRAMMY® Awards, over 6,000 performances, and countless TV specials, documentaries, and variety shows.10% off for Seniors 62+ & Military on ECA presented events!

1471

945

1471649

Mountain Paci� c Bank is a True Local Community Bank founded in Snohomish County in 2006. Our Bank is well capitalized with total assets over $180 million and three branches: Everett, Lynnwood and Ballard, to serve our customers. Over the past several years, the local banking industry has undergone many changes. Mountain Paci� c Bank is proud that we were able to survive and keep ownership local.

We believe people want to “Keep it Local”, including their banking. As a result, the Bank has adopted the tagline “Keeping it Local.” What this means is Mountain Paci� c Bank intends to remain a True Local Community Bank where local people are employed to serve local people. When you call us, you are going to talk to a live person that works here locally. If you have a question the answer is always right here.

Mountain Paci� c Bank is an asset to the Community. Our Employees, Directors and their families serve on local boards, participate in and sponsor community events, and volunteer for local charitable organizations. We work hard to contribute to the Community, and we take great pride in that commitment. We’re not just in this Community, we’re part of it; so we want to make sure we do our part to make it a better place to live.

At Mountain Paci� c Bank, we are committed to providing superior quality and personalized banking services. We have a dedicated sta� eager to service your banking needs. I invite you to “Keep it Local” and bank with Mountain Paci� c Bank; you will be happy you did.

Mark Du� yPresident & CEO

1471

947


SNOHOMISH COUNTY POPULATION, 2005-2015

Municipality 2015 2014 2013 2012 2011 2010 2010 2009 2008 2007 2006 2005

Snohomish County 757,600 741,000 730,500 722,900 717,000 713,335 713,335 705,894 699,330 689,314 676,126 661,346

Unincorporated 330,260 320,335 312,500 308,445 304,435 302,292 302,292 329,476 326,382 321,055 320,132 320,484

Incorporated 427,340 420,665 418,000 414,455 412,565 411,043 411,043 376,418 372,948 368,259 355,994 340,862

Arlington 18,490 18,360 18,270 17,970 17,930 17,926 17,926 17,711 17,527 17,094 15,693 15,173

Bothell (part) 17,230 17,020 17,020 16,720 16,570 16,415 16,415 16,290 16,009 15,723 15,413 15,044

Brier 6,500 6,345 6,315 6,155 6,100 6,087 6,087 6,126 6,163 6,202 6,240 6,276

Darrington 1,350 1,350 1,350 1,345 1,345 1,347 1,347 1,365 1,371 1,380 1,379 1,366

Edmonds 40,490 39,950 39,950 39,800 39,800 39,709 39,709 39,846 39,828 39,758 39,680 39,264

Everett 105,800 104,900 104,200 103,300 103,100 103,019 103,019 102,520 101,413 100,980 100,411 97,075

Gold Bar 2,115 2,085 2,080 2,060 2,060 2,075 2,075 2,061 2,134 2,109 2,073 2,050

Granite Falls 3,390 3,390 3,385 3,380 3,370 3,364 3,364 3,359 3,274 3,186 3,094 3,055

Index 160 180 180 180 180 178 178 166 165 166 163 158

Lake Stevens 29,900 29,170 28,960 28,510 28,210 28,069 28,069 15,483 15,233 13,996 9,873 7,174

Lynnwood 36,420 36,030 35,960 35,900 35,860 35,836 35,836 35,430 35,411 35,279 35,062 34,718

Marysville 64,140 62,600 62,100 61,360 60,660 60,020 60,020 39,628 39,019 37,875 33,821 30,507

Mill Creek 19,760 18,780 18,600 18,450 18,370 18,244 18,244 18,036 17,526 17,442 17,325 14,581

Monroe 17,620 17,660 17,510 17,390 17,330 17,304 17,304 17,272 17,038 16,701 16,526 16,190

Mountlake Terrace 21,090 20,530 20,160 20,090 19,990 19,909 19,909 20,009 20,084 20,082 19,757 19,870

Mukilteo 20,900 20,540 20,440 20,360 20,310 20,254 20,254 20,210 20,161 20,049 19,702 19,453

Snohomish 9,385 9,270 9,220 9,215 9,200 9,098 9,098 8,926 8,841 8,829 8,812 8,623

Stanwood 6,585 6,530 6,340 6,300 6,220 6,231 6,231 6,073 5,885 5,593 5,287 4,858

Sultan 4,680 4,665 4,660 4,660 4,655 4,651 4,651 4,624 4,600 4,564 4,455 4,236

Woodway 1,335 1,310 1,300 1,310 1,305 1,307 1,307 1,283 1,266 1,251 1,228 1,191

Source: Office of Financial Management

CONVENIENCE IS CONVENIENCE IS WHERE YOU ARE

NOT WHERE THE BANK IS.

Keeping it local

Many banks love to brag about their convenient locations. But at Mountain Paci c Bank, we think about convenience from your perspective, not ours. It’s why we o� er our Mobile Branch Service throughout Snohomish County, bringing banking right to your business location. If you’re looking for a bank that knows you have better things to do than drive to the bank, choose Mountain Paci c. We’ll be there for you — wherever you need us to be.

EVERETT 425.263.3500 EVERETT 425.263.3500 EVERETT LYNNWOOD 425.493.5200 MOUNTAINPACIFICBANK.com

Member FDIC

mbp_mobile_branch_9.833x12.75_.indd 2 7/25/13 12:10 PM

1471952

Dan Ollis, Whidbey CoffeeFamily man Mud runnerCoffee connoisseur

Each and every one of us is an original. Shaped by unique in uences that make us who we are today. Here at Heritage Bank, we think differences can build a better bank, too. That’s why we share the best ideas from across all of our branches and local communities with one goal in mind: to serve our customers better every day. By sharing our strengths, we’re able to offer customers like Dan Ollis—and you—more than a community bank. But rather, a community oƒ banks.

WHAT’S YOUR HERITAGE?

HeritageBankNW.com | 800.455.6126 © 2015 Heritage Bank Member FDIC

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