Herald Business Journal

FILE - Test engineer Jacob Wilcox pulls his arm out of a glove box used for processing sodium at TerraPower, a company developing and building small nuclear reactors, Jan. 13, 2022, in Everett, Wash. A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. Bill Gates' company, TerraPower, plans to build an advanced, nontraditional nuclear reactor and employ workers from a local coal-fired power plant scheduled to close soon. (AP Photo/Elaine Thompson, File)

Everett nuclear research facility gets $750 million infusion

Bellevue’s TerraPower, which operates an Everett facility, got a hefty investment to fund research.

FILE - Test engineer Jacob Wilcox pulls his arm out of a glove box used for processing sodium at TerraPower, a company developing and building small nuclear reactors, Jan. 13, 2022, in Everett, Wash. A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. Bill Gates' company, TerraPower, plans to build an advanced, nontraditional nuclear reactor and employ workers from a local coal-fired power plant scheduled to close soon. (AP Photo/Elaine Thompson, File)
Sean Jones, membership executive of Everett's Freedom Boat Club, helps club member Carolyn Duncan load equipment onto her boat before she and a friend head out crabbing onThursday, Aug. 11, 2022, at the Port of Everett in Everett, Washington. (Ryan Berry / The Herald)

New Everett franchise offers boats at Everett Marina

Freedom Boat Club’s newest Washington location is in Everett, with six boats available to its members.

Sean Jones, membership executive of Everett's Freedom Boat Club, helps club member Carolyn Duncan load equipment onto her boat before she and a friend head out crabbing onThursday, Aug. 11, 2022, at the Port of Everett in Everett, Washington. (Ryan Berry / The Herald)
Tim Leonard, owner of the Machine Shop, is closing the arcade this fall. (Photo by David Welton)

Arcade owner to pull plug on beloved Whidbey Island business

Tim Leonard, owner of the Machine Shop in Langley, recently decided he’ll call it quits this fall.

Tim Leonard, owner of the Machine Shop, is closing the arcade this fall. (Photo by David Welton)
Jennifer Sadinsky is the owner of Grayhorse Mercantile, one of Langley’s newest stores. (David Welton)

Shopkeeper brings taste of Europe to Whidbey Island

A first-time business owner’s dream of opening a cheese shop became a reality this year.

Jennifer Sadinsky is the owner of Grayhorse Mercantile, one of Langley’s newest stores. (David Welton)
An Alaska Airline plane lands at Paine Field Saturday on January 23, 2021. (Kevin Clark/The Herald)

Flights from Paine Field to Anchorage will begin this fall

Starting Nov. 30, Alaska Airlines will offer daily nonstop flights from Paine Field to Anchorage, Alaska.

An Alaska Airline plane lands at Paine Field Saturday on January 23, 2021. (Kevin Clark/The Herald)
Jon Stewart is VP, Retail Team Leader at Coastal Community Bank.

Why Savings Interest Rates Aren’t Increasing like Loan Interest Rates

Rising interest rates have been a hot topic the past year, as the Federal Open Market Committee (FOMC) raises interest rates for the Federal Reserve… Continue reading

  • Aug 22, 2022
  • by Coastal Community Bank
  • Banking
Jon Stewart is VP, Retail Team Leader at Coastal Community Bank.
OnTrac Logistics has leased a building now under construction at Bay Wood Business Park on Everett's waterfront. The shipping company will open a facility there later this year that will employ 400 people. (Artist Rendering/Broderick Group.)

New Everett shipping facility to generate 400 jobs

OnTrac Logistics has leased a new building on the 12½-acre Baywood Business Park on Everett’s waterfront.

OnTrac Logistics has leased a building now under construction at Bay Wood Business Park on Everett's waterfront. The shipping company will open a facility there later this year that will employ 400 people. (Artist Rendering/Broderick Group.)
Patrons view the 787 exhibition Thursday morning at the Boeing Future of Flight Musuem at Paine Field on October 8, 2020. (Kevin Clark / The Herald)

Paine Field was county’s No. 1 tourist attraction. Not now

Snohomish County officials hope festivals and outdoor activities will fill Paine Field tourist gap.

Patrons view the 787 exhibition Thursday morning at the Boeing Future of Flight Musuem at Paine Field on October 8, 2020. (Kevin Clark / The Herald)
The Flying Heritage & Combat Armor Museum at Paine Field in Everett. (Janice Podsada / The Herald) 20220419

Flying Heritage Museum to reopen with new owner at Paine Field

Walmart heir Steuart Walton bought the historic aircraft and artifacts. The museum is set to reopen within the year.

The Flying Heritage & Combat Armor Museum at Paine Field in Everett. (Janice Podsada / The Herald) 20220419

New Arlington business incubator opens

TheLab@Arlington is a new one-stop shop for entrepreneurs, inventors and business owners.

Think Tank Cowork in Everett, Washington on July 19, 2022. (Kevin Clark / The Herald)

The first co-working space opens in downtown Everett

Think Tank Cowork’s owner hopes the facility will inspire other business owners to call Everett home.

Think Tank Cowork in Everett, Washington on July 19, 2022. (Kevin Clark / The Herald)
New LGI Homes on Thursday, May 12, 2022 in Sultan, Washington. (Olivia Vanni / The Herald)

The real estate market took an abrupt turn this spring

Mortgage rates are up, but home inspections, seller concessions are back on the table for buyers.

New LGI Homes on Thursday, May 12, 2022 in Sultan, Washington. (Olivia Vanni / The Herald)
Logo for news use featuring the municipality of Stanwood in Snohomish County, Washington. 220118

Stanwood Chamber of Commerce ‘can’t keep the doors open’

The chamber is set to shut down at the end of the month due to financial challenges.

Logo for news use featuring the municipality of Stanwood in Snohomish County, Washington. 220118
Maria Rios, a ferry worker of 13 years, helps Frank and Fran Butler, both of Washington, D.C., check out as the couple purchases food on Thursday, July 21, 2022, aboard the MV Suquamish ferry between Mukilteo and Clinton, Washington. Rios said food service returned to the Suquamish about three weeks prior. (Ryan Berry / The Herald)

Drink up! Happy hour on the Mukilteo-Clinton ferry is back

More galleys are reopening as pandemic restrictions scale back. Get out of your car for concessions just like at the ballpark.

Maria Rios, a ferry worker of 13 years, helps Frank and Fran Butler, both of Washington, D.C., check out as the couple purchases food on Thursday, July 21, 2022, aboard the MV Suquamish ferry between Mukilteo and Clinton, Washington. Rios said food service returned to the Suquamish about three weeks prior. (Ryan Berry / The Herald)
Renee's Contemporary Clothing store at 2820 Colby Ave. on July 11, 2022. The iconic downtown Everett store is closing in August after 29 years in business. (Janice Podsada/The Herald)

Renee’s, another iconic downtown Everett store, is closing

After 29 years in business, the longstanding clothing shop will shutter. In-person sales slowed when stores reopened.

Renee's Contemporary Clothing store at 2820 Colby Ave. on July 11, 2022. The iconic downtown Everett store is closing in August after 29 years in business. (Janice Podsada/The Herald)
FILE - The logo for Boeing appears on a screen above a trading post on the floor of the New York Stock Exchange, Tuesday, July 13, 2021. Boeing is reporting a money-losing quarter as both its civilian-airplane division and the defense business are struggling. Boeing said Wednesday, April 27, 2022,  that it lost $1.24 billion in the first quarter and took large write-downs for several programs.  (AP Photo/Richard Drew, file)

Boeing sees best month for aircraft deliveries since 2019

The company delivered 51 passenger and cargo planes in June, its best month for deliveries in recent years.

FILE - The logo for Boeing appears on a screen above a trading post on the floor of the New York Stock Exchange, Tuesday, July 13, 2021. Boeing is reporting a money-losing quarter as both its civilian-airplane division and the defense business are struggling. Boeing said Wednesday, April 27, 2022,  that it lost $1.24 billion in the first quarter and took large write-downs for several programs.  (AP Photo/Richard Drew, file)
The Alderwood Towne Center, a 105,000 square-foot strip mall, is located at 3105-3225 Alderwood Mall Blvd. The mall, which has been sold, is home to 20 businesses, including anchor tenants Marshalls and Michaels. Photo Credit: CBRE Group.

Lynnwood strip mall near Link Light Rail Station sold

Alderwood Towne Center, home to 20 businesses, could eventually be redeveloped to take advantage of light rail.

The Alderwood Towne Center, a 105,000 square-foot strip mall, is located at 3105-3225 Alderwood Mall Blvd. The mall, which has been sold, is home to 20 businesses, including anchor tenants Marshalls and Michaels. Photo Credit: CBRE Group.
Trays of plants grow inside one of Infarm's vertical farms. Photo credit: Infarm

Growing up: Indoor warehouse farms make inroads in Snohomish County

Vertical farms that use LED lights to grow fresh herbs and salad greens indoors are sprouting up.

Trays of plants grow inside one of Infarm's vertical farms. Photo credit: Infarm
Fauxy Furr in Arlington, Washington upcycles boots with custom trimmings. Their boots proved popular with customers from overseas. Photographed on February 8, 2022.  (Kevin Clark / The Herald)

‘Accidental exporters’ can tap into federal and state funds

The SBA offers funds and expertise to small companies that hope to boost their export business.

Fauxy Furr in Arlington, Washington upcycles boots with custom trimmings. Their boots proved popular with customers from overseas. Photographed on February 8, 2022.  (Kevin Clark / The Herald)
A group gathers near a blending pit, which is where cow waste and other biodegradable material begins its journey towards becoming energy in a digester Friday, June 17, 2022, in Monroe, Washington. (Ryan Berry / The Herald)

Cow pie power! Monroe manure-to-energy project expands

Qualco has been turning cow poop into electricity since 2008. A new generator could turn on by mid-August.

A group gathers near a blending pit, which is where cow waste and other biodegradable material begins its journey towards becoming energy in a digester Friday, June 17, 2022, in Monroe, Washington. (Ryan Berry / The Herald)