Magazine examines Snohomish County economy

Seattle Business magazine has a feature story in the current issue about Snohomish County’s economy, focusing on familiar engines like aerospace, Paine Field, Naval Station Everett, Bothell’s biotech corridor and, optimistically, a recovering real-estate market. Though nothing new is revealed, it’s a good overview from 39,000 feet.

Perhaps the freshest topic covered by the article’s author, Tim Newcomb, are plans for scheduled air service at Paine Field:

One development that could play a significant role in helping draw new business is the potential emergence of Paine Field in Everett as a regional airport. Alaska Air has asked for permission to schedule regular flights from Paine Field to Maui, Honolulu, Portland and Las Vegas starting next year. If the county builds a terminal at Paine Field and those flights begin, other airlines are likely to follow.

Local executives say Paine Field could be a significant boost to the region. “I recall one day when a CEO and his relocation team were scheduled to meet me at a building in Everett,” recalls Tom Hoban, CEO of the Coast Group of Companies, an Everett-based commercial real estate sales, leasing, management and investment firm. “They flew into Sea-Tac and it took them three hours to get here in midday traffic.” Having a more convenient airport, says Hoban, would make Snohomish County a far more desirable place in which to operate a business.

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