Business & government leaders celebrate Kitsap-King connection

Puget Sound delegation tour Kitsap economic drivers on two-day study mission cosponsored by Puget Sound Regional Council and Seattle Metropolitan Chamber of Commerce Terry Asla  •  Kitsap Daily News BREMERTON — “Puget Sound is [no longer] a division, it’s a connection.” With those words at the July 5 inaugural celebration for the fast ferry, Bremerton Mayor Patty Lent defined what she called the new thinking […] Read more »

Kitsap tops among WA counties in ‘purchasing power index’

Business Examiner – June 27, 2017 Comparing median income and cost of living data statewide, financial technology company SmartAsset’s latest study shows the counties in Washington where people can get the most out of their money — with the South Sound making a few appearances on the list. The study looked at cost of living relative to income to determine “purchasing power.” First, two different […] Read more »

Kitsap’s top business leaders attend KEDA’s 36th Annual Meeting

Press Release Business is booming in Kitsap, due in great part to the strategic, guiding efforts of the Kitsap Economic Development Alliance. As Board President Ben Anderson explains it, “Our successes are those of collaboration. We have a strong board of directors and a growing number of investors—municipalities, public agencies, corporations, entrepreneurs, and some nonprofits—together, we are ensuring a healthy future for Kitsap and the […] Read more »

Building Our Economic Future . . . On a Strong Foundation of Past Performance

In the past five years, our Kitsap Economic Development Alliance directly assisted business clients over                  600 times, impacting 30,000 local jobs, and influencing nearly $2B in capital investment in Kitsap by KEDA’s clients. These are more than numbers: our efforts influence the local economy and quality of life for every child, woman, man, employee and employer in our community. We are all impacted by our […] Read more »

God Bless Kitsap . . . Every Man, Women and Child

John Powers for the KPBJ Six Thousand Two Hundred Dollars for every child, woman, and man in Kitsap County – that is the United States Department of Defense direct annual investment in Naval Base Kitsap’s multiple missions. The DOD’s annual spend in Kitsap exceeds $1.6B which amounts to over $6,000 per Kitsap resident, and nearly fifty percent of our local economic output making Kitsap the […] Read more »

Taxable retail sales increase in 2015

OLYMPIA, Wash. (AP) — Washington state revenue officials say taxable retail sales in 2015 topped $135 billion. That was an 8.4 percent increase over 2014. The retail trade sector helped drive the increase. Those sales jumping 5.9 percent to nearly $60 billion. The construction sector also rose significantly in 2015, with $24.5 billion in taxable sales. Sales of vehicles and parts hit $14.9 billion last […] Read more »

US economy ends 2015 on better note, starts 2016 with a bang

By MARTIN CRUTSINGER, AP Economics Writer WASHINGTON (AP) — The U.S. economy got a double dose of good news Friday. Economic growth in the final three months of 2015 didn’t slow as much as previously estimated, and consumers roared back to life in January, spending at the fastest clip in eight months. The Commerce Department said that consumer spending increased 0.5 percent last month, the […] Read more »

Economic growth likely to last years, expert says

CHRIS TUCKER,  Central Kitsap Reporter Editor  BREMERTON — Economist John Mitchell is bullish on the local, state and national economy. Mitchell said that the economy as of January 2016, was extraordinary and exciting, with unemployment at 5 percent and the inflation rate less than 1 percent. “Not bad at all,” he said. Mitchell spoke at the Kitsap Economic Development Alliance’s annual economic forecast meeting at […] Read more »

Solid economic movement in the right direction

Register now for the 2016 Economic Forecast! John Powers for the KPBJ This is the fifth year, since joining the Kitsap Economic Development Alliance in 2011, that I’ve had an opportunity to share my year-end review, and new-year perspective on Kitsap’s economy. For that, I want to thank the Kitsap Peninsula Business Journal for supporting our alliance and according me this valued annual opportunity. As I […] Read more »

US adds healthy 211K jobs; unemployment steady at low 5 pct.

US adds 211,000 jobs; unemployment rate at 5 pct CHRISTOPHER S. RUGABER, AP Economics Writer WASHINGTON (AP) — The U.S. economy generated another month of solid hiring in November, making it highly likely that the Federal Reserve will raise interest rates from record lows this month. The Labor Department said Friday that employers added 211,000 jobs, led by big gains in construction and retail. And […] Read more »