Summary
Cheers: To a large assortment of partners whose teamwork recently accelerated the relocation of Farwest Steel Corp. to the Port of Vancouver. The company is expected to bring 228 new and relocated jobs here, and the schedule has been expedited by the companys securing a $48 million financing plan from the federal program known as New Markets Tax Credit. The complicated application process required the cooperation of Farwest, the port, the city of Vancouver, JP Morgan Chase, Bank of America and other funding entities.
And heres a bonus benefit: Although qualifying for the federal program required a lot of work, the experience has given local planners the skills to swing similar deals in the future. The partnership worked, the tool is there and worked, and hopefully that will pave the way for it to be used again, said Curtis Schuck, director of economic planning for the Port of Vancouver.See the full content of this document
Extract
In Our View: Cheers & Jeers
Jeers: Heres a slam-dunk denunciation of the lowly mosquito. High river levels this year have complicated Clark Countys mosquito- cont...
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