Skip to main content

Herald Business Journal - 12.01.2018

Page 1

The Herald

BUSINESS JOURNAL DECEMBER 2018 | VOL. 18, NO. 12

Small businesses brace for tariff hit 4

Holiday Par ty Planning?? FULL SERVICE CATERING Everett Marina • 1620 W. Marine View Dr Mill Creek • 19409 Bothell Everett Hwy

l o mbar disit al ian.co m

PRIVATE DINING ROOMS


2 THE HERALD BUSINESS JOURNAL

DECEMBER 2018


DECEMBER 2018 THE HERALD BUSINESS JOURNAL 3

TABLE OF CONTENTS

PHOTOS BY ANDY BRONSON / THE HERALD

Tyler and Heather Ferrel are buying as hone in Marysville. Interest rates have risen, but it’s still a good time to go house-hunting, lenders say.

BUY NOW OR WAIT FOR SPRING?

Small business is our business.

With more homes on the market than earlier this year, sellers may be more willing to negotiate. 8

BUSINESS NEWS The trade war with China hits home. 4 New economic development official has a vision for downtown Everett. 10

NEWSROOM Staff writer: Janice Podsada, jpodsada@heraldnet.com Publisher: Josh O’Connor 425-339-3007 joconnor@soundpublishing.com

COVER PHOTO Judy Matheson, owner of J. Matheson Gifts, Kitchen & Gourmet in Everett, with some of the hundreds of products she carries that will be affected by tariffs. Photo by Olivia Vanni, Herald photographer.

New clinic in Bothell treats kids with developmental delays. 14 McCusker: Cost-cutting can mask cashflow problems. 10 Business licenses 20-23

HBJ

ADVERTISING SALES

Sally Cravens 425-339-3054 Fax 425-339-3049 scravens@soundpublishing.com

Our seasoned, local bankers are here to help you succeed.

CUSTOMER SERVICE Main: 425-339-3200 Fax: 425-339-3049 customersvc@heraldnet.com Send news, Op/Ed articles and letters to: The Herald Business Journal, P.O. Box 930, Everett, WA 98206, or email to businessnews@heraldnet.com. We reserve the right to edit or reject all submissions. Opinions of columnists are their own and not necessarily those of The Herald Business Journal.

coastalbank.com


4 THE HERALD BUSINESS JOURNAL

DECEMBER 2018

Tariff trepidation SOME SMALL BUSINESSES ARE BEING FORTHRIGHT WITH THEIR CUSTOMERS: THE TRADE WAR IS ABOUT TO HIT HOME. By Janice Podsada Herald Writer

EVERETT — During the winter holidays, Judy Matheson usually looks forward to the crush of shoppers. But this year, the owner of J. Matheson Gifts, Kitchen & Gourmet in downtown Everett is worried: How will customers react if she has to raise prices next year? About half the items the store sells are made in the U.S. The rest are imported. Small businesses are “among those most vulnerable to the negative impact of tariffs,” according to the National Retail Federation, a nonprofit trade group. In July, the Trump administration imposed tariffs on $250 billion in goods made in China. Tariffs on $200 billion of those items were scheduled to jump from 10 percent to 25 percent on Jan. 1, but President Donald Trump postponed the increase for 90 days while the two countries conduct trade talks. Tariffs are putting the squeeze on the state’s business community, and small businesses in particular. Since new tariffs were imposed, Washington businesses have paid an extra $100 million in tariffs, according to Trade Partnership, a Washington, D.C., economic consulting firm. Small businesses are much more likely to be negatively affected than larger, more diversified businesses, which typically have deeper pockets and more flexibility to change their product mix, said James McCafferty, co-director of the Center for Economic and Business Research at Western Washington University in Bellingham. The pots and pans and ribbons and candles at J. Matheson are made in the U.S. Cheese graters, cherry pitters and other handy kitchen gadgets are made in China. “I try hard to buy American,” Matheson said. “But some things you can’t find made in the U.S.”

PHOTOS BY OLIVIA VANNI / THE HERALD

A calculator at J. Matheson Gifts in Everett displays the possible price for this baking dish after new tariffs take effect.

She’s held prices down for the holidays — vital because 40 percent of the store’s annual sales are rung up from October to January. When suppliers urged her to stock up ahead of the new tariffs, Matheson went on a buying spree. Across the country, other vendors have done the same, the Retail Federation said. “The threat of even higher tariffs in 2019 have created a mini-boom in imports,” said Ben Hackett, the founder of Hackett Associates, an international trade consultant. But the strategy doesn’t work for everyone. Some firms simply don’t possess the capital or resources to stock up. Gregg’s Cycle in Lynnwood has limited

storage space. “We don’t have room to back-stock,” manager Ian Chivers said. Tariffs on steel and aluminum, the stuff of bikes, have affected the whole industry, Chivers said. “Most of what we deal with are complete bikes, so nearly all the components — the frame, wheels, tires — are affected,” he said. With suppliers charging more, Gregg’s has had to charge more. If no agreement is reached next year, it could be facing another round of tariffs. “If people ask about higher prices, we let them know what’s happening,” Chivers said. Matheson, worried about what

See NEXT PAGE

Judy Matheson, owner of J. Matheson Gifts, Kitchen & Gourmet.


DECEMBER 2018 THE HERALD BUSINESS JOURNAL 5

People shop at J. Matheson Gifts, Kitchen & Gourmet in Everett. The owner of the shop estimates that about half the merchandise is imported. From previous page customers would think, took a more direct approach, posting this on the store’s Facebook Page: “A number of vendors … have recently notified us that they will be raising prices from 15 to 28 percent due to the United States tariffs being enforced. I want to assure you that we will absorb as much of these increases as we are able, but unfortunately there will be some price increases on new products — subject to the tariff — as they arrive.” Customer response has been “very

positive,” said Matheson, who has been in business for 28 years. “You will continue to see me,” customer Carolyn Allendoerfer wrote. Melinda Bargreen wrote: “Of course you need to pass on higher wholesale prices to retail purchasers; that’s the rule for retailers who want to stay in business. And we REALLY want you to stay in business!” Joel Perry, vice president of marketing at OceanGate, which builds and charters manned submersibles, including a sub that’s scheduled to explore the Titanic in the north Atlantic Ocean in the spring, said key components of the vessels the company

just built were fabricated in the U.S. “We do have plans to build other subs, but how they might be affected is unknown,” Perry said. Matheson is trying to look on the bright side. Sales at the downtown Everett store have picked up this year. Staff at the area’s new hotels regularly recommend the store to their guests, Matheson said. Still, the tariff situation rankles. “I hope things get settled soon,” she said. In response to U.S. tariffs, China placed tariffs on $110 billion of U.S. products. At the Port of Everett, imports and exports are

down 14 percent by value this year, said Lisa Lefeber, port spokeswoman. Most of the value drop is in exports, particularly timber products and logs. Estimated China-destined exports last year from Snohomish County totaled $18.3 billion. Non-aerospace exports accounted for about $2.2 billion, including sales of animal products, various food products and advanced machinery and electrical equipment, according to the Economic Alliance Snohomish County. Janice Podsada; jpodsada@heraldnet. com; 425-339-3097; Twitter: JanicePods


6 THE HERALD BUSINESS JOURNAL

DECEMBER 2018

Rising interest rates challenge buyers THIS ISN’T A POPULAR TIME OF YEAR, BUT IT MIGHT BE SMART TO GET PRE-QUALIFIED AND START LOOKING. By Janice Podsada Herald Writer

EVERETT — A month ago, Heather and Tyler Ferrel began shopping for a new home. Their 1,600-square-foot Marysville bungalow had become a tight fit for their two children, the dog and, lately, a flock of holiday visitors. “We have family sleeping on the couch,” said Heather Ferrel, an elementary school teacher in the Marysville School District. For months, the couple had been mulling a larger home. But with talk of interest rates continuing to climb, it was time to go “hardcore” shopping. If a home is on your wish list, now is a good time to go house-hunting, local experts say. Interest rates for a 30-year fixed mortgage are below 5 percent, said Steve Erickson, senior vice president and commercial team leader for Snohomish County at Peoples Bank. “That’s still attractive,” Erickson said. “It’s a great time to shop,” said Bridget Larsen, senior vice president of Everett-based Coastal Community Bank. There are more homes on the market than earlier this year, Larsen said. “Sellers might be willing to negotiate.” Courtney McClasky, a broker with Keller Williams North Sound Realty in Marysville, said prices are sliding. Price reductions, when they’re in place, are averaging about $10,000. “In the last six to eight weeks, we’ve seen first-time buyers and people who are ready to move up — like the Ferrels — jump back into the market,” she said. Why? “People are trying to beat the interest rate rise,” McClasky said. “They’re seeing their buying capacity go down.” For some, that means buy now — while rates are still low. “Homes are going pretty quickly,” Ferrel said of her shopping experience. The couple bid on four properties before their offer on a 2,900-square-foot home, 10 minutes from where they now live, was accepted. “We were able to buy our new home below list price and sell our current home above list price,” Ferrel said. It’s still a seller’s market, based on available

PHOTOS BY ANDY BRONSON / THE HERALD

As a home inspector checks the Marysville house they intend to buy, Tyler and Heather Ferrel look over paperwork. inventory, Erickson of Peoples Bank said. While a normal real estate market might offer a four- or five-month supply of homes for sale, the current supply is about 2½ months. That’s low, but an improvement over the 2017 market, which was averaging a onemonth supply. (If there are 50 homes on the market, and 10 homes sell each month, that’s a five-month supply of homes for sale.) McClasky said that sellers are still getting multiple offers “if the property is priced right, but they’re more likely to be considering two offers instead of 12.” Buy now or wait for the traditional spring market? Whatever you decide, it’s not too early to find a lender and get pre-qualified for a loan. That process will let you know how much home you can afford and which cities or neighborhoods fit your price range, Erickson said. Pre-qualification letters are good usually for 120 days and can be easily

See RATES, Page 8

The Ferrels chat with Courtney McClasky (center), a broker with Keller Williams North Sound Realty in Marysville.


DECEMBER 2018 THE HERALD BUSINESS JOURNAL 7

DECEMBER 2018

PORTREPORT Creating Economic Opportunities

CALENDAR • Marina Forum, Dec. 5 • Port Commission Meetings Dec. 11 • Boating Club Seminar, Dec. 11

REAL ESTATE

The Pigeon Creek Trail that runs alongside the Port of Everett Seaport is closed during the weekdays through Feb. 28.

EXECUTIVE

The Port of Everett Commission adopted a $102 million 2019 operating and capital budget (available at www.portofeverett.com). The budget assumes a robust capital investment portfolio, with slow growth in all three business lines. The Port of Everett’s 2019 budget is designed to position the Port to implement its Strategic initiative portfolio, specifically preparing for modernization at the Seaport and creating a new waterfront community with the Waterfront Place Central Development.

SEAPORT

This month the Port of Everett Seaport will be discharging 10,000 MT of pipe. The pipe was manufactured in China and is for construction piling in British Columbia and Alberta. Some of the material is as large as 72" in diameter. This is the single largest shipment of pipe off one vessel being discharged into Everett.

MARINA

Anthony's Woodfire Grill Port of Everett location has a new look, including a menu re-design, new bar, updated dining room finishes and an additional dining room fireplace - just in time for winter evenings. The remodel was completed in November.

Everett Secures Nation's First Rail Loan to a Port On October 23, the Port Commission approved a $5.949 million loan with the U.S. Department of Transportation Build America Bureau. The Federal Rail Rehabilitation Improvement Financing (RRIF) Loan was granted after a complex process, making the Port of Everett the first Port in the nation to receive an RRIF Loan. The loan funds two key infrastructure projects that support the Port’s Seaport Modernization efforts: Terminal Rail Improvements Phase II and the Cargo Transit Shed Relocation Project. These now-complete projects increased the Port’s on-terminal rail footprint from 9,200 lineal feet to 12,500 lineal feet, and provide nearly 40,000 square feet of covered warehouse space for rail loading. Given the Port’s location on the BNSF mainline, enhanced on-terminal rail capacity, and more seamless ingress and egress is vital to ensuring efficient freight mobility on the mainline from Seattle to Canada and east along the northern corridor. “USDOT has very attractive infrastructure financial tools that the Port would like to access to support our international trade and economic development,” Port of Everett Acting CEO Lisa Lefeber said. “Navigat-

ing the complex permitting, regulatory and financial requirements to close a federal loan requires advanced planning, diligence, lots of patience and back up plans. Even though it is a relatively small loan amount, we stayed course because -- if successful -- it would open up opportunities for larger projects in the future. Our diligence paid off, and we now have a financial contract framework to apply to other projects and USDOT loan programs in the future.” The loan is attractive because it is interest only for the first five years of the investment, stretches up to 35 years, is fixed at the current treasury yield of 3.32% and does not include a pre-payment penalty. The RRIF program, which includes $35 BILLION in available funding, was streamlined as part of the 2016 Grow America Act. Specifically, the Act said it “… will strengthen RRIF by reducing the cost of obtaining a loan, making RRIF more accessible, a vital tool for short line and regional railroads.” Since 2002, USDOT has issued 35 loan, mostly to passenger train service providers, such as Amtrak, or large railroad corporations.

WWW.PORTOFEVERETT.COM |


8 THE HERALD BUSINESS JOURNAL

Rates From Page 6 updated. And now is the time to pay down debt, said Larsen of Coastal Community Bank. Pay off the $1,000 balance on a credit card and “your credit score could swing upwards by 50 points,” Larsen said. A higher credit score makes you eligible for a lower mortgage

DECEMBER 2018

rate, she said. No one can predict what the 2019 real estate market will look like, but the consensus is that interest rates will continue to rise. “In my opinion, you’ll see more houses on the market,” Larsen said. “Buyers will have more opportunities to get a good deal. But you will see rising interest rates, and that puts the squeeze on what you can buy.” Erickson said interest rates

could be another one-half to 1 percent higher in the spring, which would take some people out of the market. Higher mortgage rates reduce buying capacity. Here’s how it works: The monthly payment on a $1 million home with a 3.6 percent mortgage would only buy you a $400,000 home today with the current rate of about 4.6 percent, Larsen said. Len Kiefer, deputy chief

Compare Our CD Rates Bank-Insured, FDIC-Insured

6-month

2.45%

APY*

economist for Freddie Mac, and other financial experts expect the Federal Reserve to continue the trend of raising short-term interest rates. “When the market anticipates that short-term interest rates will rise and remain high, longer term rates, (such as 30-year home loans) tend to follow,” Kiefer has said. According to Bankrate. com, a bump in rates means a new mortgage can cost several hundred to thousands of dollars more over the life of a loan. Seattle-based Zillow.com is predicting mortgage rates will rise steadily — to just under 6 percent by the end of 2019, the highest rate since the last recession. On the plus side, “rising mortgage interest rates, higher rents and stiff competition for housing in the most desirable areas … won’t necessarily be a bad thing,” Zillow Senior Economist Aaron Terrazas said. “A slower-moving market

is likely to give more buyers a chance to catch their breath and choose from a wider selection of homes that fit their preferences and budgets,” Terrazas said. Marty Steele, president and CEO of The Bank of Washington in Lynnwood, agreed. “You’re going to see more inventory,” Steele said. “Prices might continue to rise, but at a slower rate.” Home prices are expected to grow about 3.8 percent in 2019, compared to 5.6 percent since January 2018, according to a Zillow survey. Cassandra Sargent, assistant vice president and branch manager of Peoples Bank in Everett predicted “fewer cash deals.” The odds of being outbid by someone offering $20,000 to $50,000 cash above the list price could become a thing of the past. Kaelan Skye Tassi, 30, and her husband, Chris Tassi, 30, of Snohomish, ventured into the fray last March with a

price cap of $300,000. Their target area included Everett, Snohomish and Lake Stevens. While there were plenty of two- and three-bedroom homes in the $280,000 to $310,000 range, “you knew you were not going to get them for list price,” Kaelan Tassi said. During the ensuing six months, the first-time buyers made offers on two houses and a townhome. In each case, they were outbid, often in short order. “We learned pretty quickly that if we wanted to buy the house we wanted, we’d have to be sitting on $50,000 cash.” Tassi said. “Now it’s different,” she said. “You can see prices evening out. Now, when you’re looking there’s maybe two or three people instead of nine.” Janice Podsada; jpodsada@heraldnet.com; 425-339-3097; Twitter: JanicePods

Minimum deposit $1,000

1-year

2.70%

APY*

Minimum deposit $1,000

2-year

3.10%

APY*

Minimum deposit $1,000

* Annual Percentage Yield (APY) effective November 27, 2018. CDs offered by Edward Jones are bank-issued and FDIC-insured up to $250,000 (principal and interest accrued but not yet paid) per depositor, per insured depository institution, for each account ownership category. Please visit www.fdic.gov or contact your financial advisor for additional information. Subject to availability and price change. CD values are subject to interest rate risk such that when interest rates rise, the prices of CDs can decrease. If CDs are sold prior to maturity, the investor can lose principal value. FDIC insurance does not cover losses in market value. Early withdrawal may not be permitted. Yields quoted are net of all commissions. CDs require the distribution of interest and do not allow interest to compound. CDs offered through Edward Jones are issued by banks and thrifts nationwide. All CDs sold by Edward Jones are registered with the Depository Trust Corp. (DTC).

Check with us on pricing! Desks

Your no stress Snohomish County resource for all your home or facility office furniture needs.

End Tables

EVERETT OFFICE FURNITURE carries a

large selection of quality NEW and pre-owned office furniture. With a LARGE SHOWROOM, from the simplest task chair to a complete office solution, with design & installation, E.O.F. can solve your facility needs.

HAPPY HOLIDAYS! Call us or visit us on the web www.EverettOfficeFurniture.com

Everett Office Furniture

9121 Evergreen Way • Everett, WA

(425) 257-3242


DECEMBER 2018 THE HERALD BUSINESS JOURNAL 9

Cost-cutting can mask cash-flow problems

M

WWU & LYNNWOOD CHAMBER OF COMMERCE

WWU & LYNNWOOD CHAMBER OF COMME

loved it. Everybody loved it. easured in Wall The only problem did not Street terms, General WELCOMES DISNEY INSTITUTE TO seem like a problem at all. The Electric’s meltdown selloff of unpromising subsidis nearly complete. In 2008 Lynnwood, WA Lynnwood Convention Center the company had a market iaries, though, creates a posivalue of $840 billion and was tive cash flow that could mask the darling of the Dow. By a chronic cash flow problem January 23, 2019 • 8:30am - 4:00pm • 360-650-3909 November 2018, the once that was building within GE. dominant firm’s valuation had In some of the key earnings JAMES MCCUSKER areas of the company, the dropped to $175 billion, and it had been jettisoned from the time lapse between producECONOMICS 101 Dow Jones Industrial average. tion costs and payments by What happened? Or, as one business the customers could be months and even magazine headline screamed, “What the H— years. GE management believed, quite rightly, Happened at GE?” that the most accurate picture of its financial Throughout this course, you will gain insight into the strategies that drive The recent history of GE reads like someposition would offset the costs embedded in the Disney organization in the areas of leadership, culture, quality service, these products by recognizing profit before thing out of Greek mythology where everybrand loyalty and innovation. any payment had been received. thing it touched, from milk to ambrosia, •Align your values and vision There is nothing wrong with this accountturned sour. Every investment, every effort •Create a culture bywdesign L y n n w o o d , W A Lynn ood Convention Center to right the GE ship seemed to make things ing method and certainly taxing authorities •Become the service differentiation worse. Investors and stockholders lost confioften encourage or even require it. And as a LBUSINESS ynnw ood, WA•Develop long-lasting Lynnwoocustomer d Converelationships ntion Center EXCELLENCE going concern, the financial picture it presdence in GE’s management and even the Lynnwood, WA•Foster creative Lynpotential nwood Convention Center company’s CEO has said the firm’s parts ents is “truer” than the alternative, which WWU &LyLnYnN NRegister CHASpace MLB wo oW d,O WO AD ynEnRwisO oLimited. oFdC CO onM veM ntEioRnC CEenter Today! might now be worth more than the whole. could portray a company whose expenses U3&, 2 LY0N N W O8O D0a Cm HA-M4B:E0R0O FmC• OM M0E-R C E -3909 JanuaWLryyW 2 1 9 • : 3 p 3 6 6 5 0 Clearly there has been a management failwere out of control. Smaller companies .ed e Lyun/ndw oyd Convention Center Januaryn2nw 3,o2o0d1, W 9wA•w8w:.3w0waum - 4:0is0nop m • 360-650-3909 commonly experience similar problems of ure of colossal proportions. What is less clear is whether there is anything useful that we can when to recognize profits. There just aren’t as nw o ham mm• erc3 e60 JanuaryWELCOMES 23, W2W 01U 9& L•yn8 :3oDISNEY 0daCm - b4e:rINSTITUTE 0o0f Cpom -650-3909 TO many zeros after their numbers. learn from the GE story. Few of us will ever is proud to be a selected sponsor of January 23, 2D0isn1e9y’s•Ap8p:r3oa0cah m •ce360-650-3909 The problem at GE was that recognizing the manage a business of GE’s size and diversity. to B-us4 in:e0 ss0Ep xcm ellen profits in that manner masked the cash flow But one of its problems, cash flow, is repliooAd, WA no wo oo Co on nv nn Ce LynnwoLyondn,wW LynLynnw ddC veenntitoio Cnetenrter issues involved in these long-time-lapse prodcated quite often in smaller companies. How did a gigantic, successful business like ucts. And when the sale of less-competitive January 23, 2019 • 8:30am - 4:00pm • 360-650-3909 GE, known worldwide for the quality of its investments brought in a steady flow of cash, As to Disney artwork/properties: © Disney J a n u a r y 2 3 , 2 0 1 9 • 8 : 3 0 a m 4 : 0 0 p m • 3 60-650-3909 consumer and industrial products and a CEO it was easy for management to forget that they that was lionized by Wall Street, get itself into had an underlying cash flow problem. Throughout this course, you will gain insight into the strategies that cash flow problems? It is possible that these combined effects Throughout this course, you will gain insight into the strategies that drive Disney organization ininthe areas of leadership, culture, quality Throughout this course, you gainof insight into the strategies that drives The simplest answer is that GE managemade it easier for management tothe start believthe Disney organization thewill areas leadership, culture, quality service, ment did not realize that it had a cash flow ing their own reviews — that it was the best the Throughout this course, will gain into the strategies thatservice, drive Disney organization inyou the areas ofinsight leadership, culture, quality brand loyalty and innovation. brand loyalty and innovation. problem until quite late, and by then it had company that ever was, and they were all superb Disney organization inyou the areas ofinsight leadership, culture, quality brand loyalty and innovation. Throughout this course, will gain insight into the strategies thatservice, drive been embedded into its corporate structure. managers. We cannot know that it happenedthe •Align your values and vision Throughout this course, you will gain values into the vision strategies that drive •Align your and Problem recognition was delayed in part that way, but surely the temptation was there.the Disney brand loyalty innovation. in•Align the areas of leadership, culture, the organization Disney organization in the areas of leadership, culture, qualityquality service, service, your values and vision •Create aand culture by design •Create a culture by design by the fundamental strategy set by former What lessons can those of us in smaller brand loyalty and innovation. Throughout this course,brand you will gain into the strategies that drive loyalty and innovation. CEO, Jack Welch. Looking analytically at GE’s companies take away from GE’s history? The •Create ainsight culture by design •Align your values and vision •Become the service differentiation •Become the service differentiation •Align your values and vision DISNEY’S APPROACH TO the Disney organization in the areas of leadership, culture, quality service, operations he realized that the company had first is that you cannot manage your company •Become the service differentiation •Create a culture by design •Align your values and vision •Develop customer relationships •Create along-lasting culture by design •Develop long-lasting customer relationsh expanded and diversified without a plan, and from your financial statement. You have to BUSINESS EXCELLENCE BUSINESS EXCELLENCE brand loyalty and innovation. •Become the service differentiation •Develop long-lasting customer relationships •Become the service differentiation had become difficult, if not impossible, to manage your cash flow, too. Also — and this •Create a culture by design •Foster creative potential BUSINESS EXCELLENCE •Foster creative potential •Develop long-lasting customer relationships •Align your values and vision BUSINESS EXCELLENCE manage effectively. can be important — you have to understand •Foster creative potential DISNEY’S APPROACH TO •Develop long-lasting customer relationships •Become the service differentiation •Foster creative potential BUSINESS EXCELLENCE •Create a culture by design your cash flow process well enough to explain He devised a simple, yet powerful, plan •Foster creative potential •Develop customer relationships it to your bank, because your cash flow may for slimming down. Each product and Today! Space is differentiation Limited. •Become thelong-lasting service BUSINESS EXCELLENCERegister need occasional or regular financing. service area within GE would be examined w•Foster www .w.ww duu/d/potential d nyey creative •Develop long-lasting relationships ww wu u..e ed isnisecustomer BUSINESS EXCELLENCE The second lesson is that cost cutting is not and its fate determined by a simple stanw w w . w w u . e d u / d i s n e y •Foster creative potential a winning strategy; it is a survival strategy. And dard: if GE couldn’t be the No. 1 or No. 2 WWw U& Lyw n.w odu bu ro erce w .heaamd d sfonCmeomym W W U & LypToday! n nunw ow oow deSpace CCsh m be/e rpfooiC merce GE’s selling off its less promising investments producer in that market, they would sell off Register Limited. isn row do toobd a ele cm tedbis se no sofr o f ommerce W W U & L y n C h a r C was not a winning strategy. It was strictly their investment and get out. WWiUs Dp&isrw L y n n w o o d C h a m b e r o f C o m eleBducsuitnee/dsds sEispxcnoee oeuw top.pw broew nllesynocrm f rce n yd ’s w A aa cu hst.e o eoe w w w . w w u . e d u / d i s n e y defense, wearing a winning strategy’s jersey. The plan worked, and because GE was so i s p r o u d t o b e a s e l e c t e d s p o n s o iUsep&yr’oLsu orobo cub tseie olrlm f crrceoef WDW yAndpntp w ro Cxno isn aed cahCsthe oaleBm nde ssspf Eo csm e eone large and had diversified into so many areas, it If your company needs to cut costs, then cut DisWn syr’oA pndpp ro c hsthteoo B e lrlc e De isny& synA roba aeC ca h se insfie se sp cE e lm e nf c eence se’p& tp o lb eBm curb tu o sm oexlrrc w o d rn o f sEm Csxnm o costs. But that, by itself, will not bring in a worked for years. As the company shed these WWW U iU LyLnu wno od hC ama e oed C o coee single new customer or an additional dollar of marginal operations its profit margins and Diissn ptp aecsa hle o BecudtseisnpdeosnspsEo xn lrleonfartwork/properties: ce © Disney ipse oreoba ste se ofDisney rp oyru’osduAtdo b e clte oAs rcto o return on investment improved. Stockholders revenue. That takes a winning strategy. DiD snisenye’sy’As pAppro ee nc parocahcto h BtousBinuesisns eEsxscEexllc lleence

WELCOMES DISNEY INSTITUTE T WWU & LYNNWOOD CHAMBER OF COMMERCE

W & LYA NNWOOD CHAM BEnRwOoFoCd OM ERvCeEntion C LynnwW oU ,W yn CM on WoW Ud& LYNNWOOD CHALM BER OF COM M ERCE

WELCOMES WWU & LYNNWOODISNEY D CHAMBERINSTITUTE OF COMMERCTO E WW U & LYNNWOOD CHAMBEINSTITUTE R OF COMMTO ERCE WELCOMES DISNEY

January 23, 2WELCOMES 019 • 8:30DISNEY am - 4INSTITUTE :00pm •TO 360-650 WELCOMES DISNEY INSTITUTE TO WELCOMES DISNEY INSTITUTE TO DISNEY’S APPROACH TO

January 23, 2019 • 8:30am - 4:00pm • 360-650-3909

WELCOMES DISNEY INSTITUTE TO

Throughout this course, you will gain insight into the strateg Throughout this course, you will gain the Disney organization in the areas of leadership, culture, q insight into the strategies that drive brand and innovation. the Disneyloyalty organization in the areas of •Align culture, your values and vision leadership, quality service, •Create a culture by design brand loyalty and innovation. •Become the service differentiatio RegisterToday! Today!long-lasting Space •Develop customer re Spaceis Limited. is Limited. BUSINESS EXCELLENCE Register Register Today! Space is Limited. •Foster www .creative wwuSpace .edu/dpotential ney Register Today! isisLimited. DISNEY’S APPROACH TO DISNEY’S APPROACH TO

DISNEY’S APPROACH TO

DISNEY’S APPROACH TO

DISNEY’S APPROACH TO

DISNEY’S APPROACH TO

Register Today! Space is Limited.

Register Today! Space is Limited. www.wwu.edu/disney

WWU & Lynnwood Chamber of Commerce

As to Disney artwork/properties: © Disn


10 THE HERALD BUSINESS JOURNAL

DECEMBER 2018

A vision for downtown Everett EVERETT’S NEW ECONOMIC DEVELOPMENT DIRECTOR HOPES TO ATTRACT MORE LONG-TERM INVESTMENT TO THE CITY.

By Janice Podsada Herald Writer

EVERETT — Dan Eernissee, Everett’s new economic development director, often wonders: Where do the folks at Funko eat lunch, down a coffee or unwind? Their answers could help Everett become a more happening place, Eernissee said. When prospective businesses come to town in search of a new headquarters location, they’re not just looking at properties but a great place for their employees to shop or grab a bite, he said. See VISION, Page 12

Dan Eernissee is Everett’s new director of economic development. ANDY BRONSON / THE HERALD


DECEMBER 2018 THE HERALD BUSINESS JOURNAL 11

SNOHOMISH COUNTY

OPPORTUNITY ZONES Upcoming Events

Opportunity Zones in Snohomish County

Visit EconomicAllianceSC.org/events

Tremendous Potential to Attract Investments

Business After Hours December 4 // 5:00 - 7:00 pm The Speaker Series Presented by Wells Fargo

December 11 // 8:00 - 9:30 am

SAVE THE DATE State of Everett January 31 // 7:30 - 9:00 am

OUR MISSION Economic Alliance Snohomish County exists to be a catalyst for economic vitality resulting in stronger communities, increased job creation, expanded educational opportunities, and improved infrastructure.

Opportunity Zones were established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Snohomish County has seven designated Opportunity Zones. These zones are located in Lynnwood, Everett (two), Paine Field, Arlington, Marysville, and Darrington. Opportunity Zones are the first new national community investment program in over 15 years. The program provides a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into Zone projects. Opportunity Zones is a new community development program established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide. Opportunity Zones provide investors with three tax benefits: gain deferral, partial forgiveness and forgiveness of additional gains. To qualify for these benefits, the investor must hold their investment in a project for either five, seven, or ten years. Opportunity Zone projects can include investing in commercial real estate development and renovation, opening new businesses, expansion of existing businesses,

425.743.4567 • info@economicalliancesc.org 808 134th St SW, Suite 101 • Everett, WA 98204 EconomicAllianceSC.org

Earlier this year, the Washington State Department of Commerce reached out to all county economic development councils to identify qualifying regions in each county. EASC submitted a list of areas in Snohomish County which were identified based on the average household income in addition to the biggest impact the Opportunity Zone program would provide in bringing in more jobs. Governor Inslee approved the final list (based on census tracts) and submitted these to the US Department of Treasury in April. Opportunity Zones have tremendous potential to attract investment funds to finance local projects. However, time is of the essence. Unrealized capital gains have 180 days to invest into a qualified fund. Afterwards, the fund has another 180 days to identify an Opportunity Zone project. Given these time constraints, EASC is looking to bring awareness about the program to Snohomish County. Economic Alliance Snohomish County is connecting with potential Opportunity Zone fund managers, consultants, accountants, and legal professionals to best understand the program. Our goal is to become an information resource for potential investors and our communities.

designated opportunity zones » Lynnwood City Center » Snohomish County/Paine Field

advocate • develop • connect

and large expansions of businesses within designated Opportunity Zones.

» Everett North (two) » Arlington-Marysville Manufacturing Industrial Center (two) » Darrington

program benefits Defer/reduce federal tax on current capital gains and elimination of taxes on future capital gains for investments held for ten years in designated Opportunity Zones. Program has five, seven and ten year holding periods.


12 THE HERALD BUSINESS JOURNAL

Vision From page 10 Bottom line: “Cities just can’t measure themselves on their annual gross domestic product anymore,” Eernissee said. “To target those companies we’d like to move here, we have to target the kinds of amenities they prefer.” Everett, at this point, is a bit of a wallflower, or maybe it just doesn’t realize how much it has to offer, he said. “I’d like to help the downtown experience a renaissance,” he said. At Everett City Hall, the centerpiece of his new office is a giant aerial photograph of the city that covers the top of a conference table. You can’t miss it. “We have the largest manufacturing facility (by volume) in the world,” he said, pointing to the Boeing Assembly plant. “We have

DECEMBER 2018

views of Port Gardner and the mountains. We have the city’s historic downtown with its classic street grid — perfect for walking.” He’d like to see development — more shops, cafes and businesses — fill in the city’s streets from the Port of Everett to Angel of the Winds Arena and beyond. Memorable cities and neighborhoods offer pedestrians a surprise on every corner. Seattle’s University Village comes to mind, he said. “You can prowl all its twists and turns. No trip there is exactly alike.” If we could get Pearl Jam to perform on the roof of Funko, he muses, “wouldn’t that be cool?” (Eddie V., are you hearing this?) Eernissee, who was a center for the University of Washington football team from 1981 to 1985, has been on the job for six months. He was hired to replace the previous economic development director, Lanie McMullin, who retired in

ANDY BRONSON / THE HERALD

Dan Eernissee, Everett’s new director of economic development, says downtown Everett has a lot going for it.

Local, independently owned, and serving our community since 1984.

Your money should work as hard as you do.

Business Premier Club Checking %*

1.20

APY

paccrest.com 3500 188th St SW, Suite 575, Lynnwood, WA 98037 (425) 670-9600 *To qualify for this rate, the account must maintain a $20,000 minimum daily balance and on a monthly basis transact at least two (2) remote deposits and five (5) or more electronic withdrawals to avoid monthly fee. Outgoing wire fees are waived for the first three (3) outgoing wires per month. If transaction requirements are not met the account type may be changed to the Business Plus Checking and earn its stated rate. Interest rates are variable and may change after the account is opened.


DECEMBER 2018 THE HERALD BUSINESS JOURNAL 13

February. Eernissee’s long career includes stints in the public and private sectors. The former economic development manager for the city of Shoreline spearheaded a project to improve a threemile stretch of Highway 99 and make it safe for cars, bicycles and pedestrians. The project also spurred economic activity, attracting new businesses and residential development. Said Everett Mayor Cassie Franklin: “Dan is a great asset to the city team! He comes to us with a background that will help attract new, long-term investments to Everett. In the private sector he developed outstanding projects in Snohomish County, including a major portion of Mill Creek Town Center, Snohomish Station, and hundreds of homes. “In the public sector, he helped to attract millions of dollars of investment along Highway 99 and to guide

ANDY BRONSON / THE HERALD

Eernissee sports a University of Washington tie, harkening back to his time as a center on the UW football team during the Don James era. the rezone of two light rail stations,” Franklin said. “I’m excited to be working with him on our plans to build on the incredible growth that Everett is already seeing.” Since starting in June, Eernissee has carved out time to talk to people — those Funko employees, the crowd at Narrative Coffee on Wetmore Avenue

near City Hall, business and civic leaders, folks at the Schack Art Center and local families who have called Everett home for a century or more. His first step? Doing an inventory of what the city has to offer. “I firmly believe if you can’t measure it, you can’t improve it,” he said. “I continue to be

amazed by the city’s assets — the Port of Everett, its Waterfront Central District and a private developer’s plan to build 266 apartments there. “It hurts me to say it because I’m wearing purple today,” Eernissee, the UW alum, said with a laugh, “but Washington State University is game-changer for Everett.” WSU opened its new building across the street from Everett Community College last year. Eernissee recently briefed the Everett City Council about the 2018-21 Economic Development Plan. High points include promoting the city’s downtown core and doing a better job of marketing and spiffing up the area formed by the WestmontHolly-Evergreen-Boeing neighborhoods. When the two planned light rail stops are built

! r a a z a B y a d li o H

nearby, one at Boeing and the other near Highway 526 and Evergreen Way, that area is going to pop, he said. To prepare, “we need to ask what kinds of recreations those communities will need. The city owns a lot of park property in that area, a golf course, 20 to 30 acres by the Phil Johnson

Ballfields,” he said. “Old Everett is gone,” he said. “The old mill sites that cast a cloud and an odor over the city are gone. It’s time to create a new image.” Janice Podsada; jpodsada@heraldnet.com; 425-339-3097; Twitter: Janice Pods

Transmissions of Marysville European • Japanese • Domestic One Day Service/Rebuilds in Stock 36 mo. Unlimited Mileage. Warranty Available Free Local Towing w/Major Repair www.edstransmissions.com (360) 653-1835 10226 State Ave. Marysville

FIND IT OR LIST IT INSIDE THE DAILY HERALD!

CALL 425-339-3100

classified@heraldnet.com heraldnet.com/classified


14 THE HERALD BUSINESS JOURNAL

DECEMBER 2018

New clinic to treat kids with developmental delays THE WONDERLAND CENTER PLANS TO OPEN THE CLINIC IN BOTHELL EARLY NEXT YEAR. By Janice Podsada Herald Writer

SHORELINE — A few years ago, the Wonderland Developmental Center, a nonprofit that treats young children with developmental delays, began searching for ways to serve even more kids. In recent years, the center’s staff, which provides in-home support and therapy, had begun receiving more referrals involving children with prenatal exposure to drugs or alcohol. The center, based in Shoreline, has been serving children for 50 years, providing assistance to families in south Snohomish and north King Counties. “Impulse control, extreme tantrums, unpredictable and outbursts and learning difficulties are some of the issues these children commonly experience,” said Mary Kirchoff, the center’s executive director. “Our typical strategies often don’t work

MICHELLE STILLER BRADLEY / WONDERLAND DEVELOPMENTAL CENTER

The new Hope Rising Clinic for Prenatal Substance Exposure will be in the Pacific Medical Centers building in Bothell’s Canyon Park area.

Are You Or Aren’t You? From simple sprains to major pains, the doctors at Ankle & Foot Clinic of Everett are trained exclusively to diagnose and treat ankle and foot problems. When your foot pain persists and you want your life back, make an appointment to find out if you are a candidate for PRP (Platelet Rich Plasma) injections!

3131 Nassau Street • Everett, WA 98201 (across from Providence Everett Medical Center, Pacific Campus)

425-339-8888

www.ankleandfootnorthwest.com


DECEMBER 2018 THE HERALD BUSINESS JOURNAL 15

with these kids,” Kirchoff said. The data confirmed their hunch: Snohomish County — the Everett area in particular — and the Olympic Peninsula lead the state in expectant mothers using opiates, Kirchoff said citing a recent study. To address the urgent need, Wonderland will open a new Snohomish County clinic early next year dedicated to treating kids from birth through 12 years old with prenatal exposure to alcohol or drugs of any kind. Wonderland’s Hope Rising Clinic for Prenatal Substance Exposure will be at the Pacific Medical Centers building in the Canyon Park area of Bothell. In addition to offering a range of therapy for children with prenatal substance exposure, Hope Rising will include a diagnostic clinic that can determine whether a child has Fetal Alcohol Spectrum Disorder (FASD), a diagnosis that can open doors for specialized treatment and services, said Michelle Stiller Bradley, Wonderland’s director of programs and services.

“We’ll be the only program in King or Snohomish counties offering specialized treatment for children with prenatal substance exposure, and FASD assessment and diagnosis,” Stiller Bradley said. A recent study estimates that one in 20 children in the U.S. are born with Fetal Alcohol Spectrum Disorder, according to the National Institutes for Health. Early intervention therapy, combined with family support, can make a huge difference in the lives of these children, who “often have emotional and behavioral challenges that interfere with dayto-day functioning and success,” Stiller Bradley said. “There is significant shame and stigma around this disability, and one of our hopes is to make it for acceptable for people to talk about (it) and get help,” Stiller Bradley said. The Bothell clinic is expected to benefit Snohomish County families who now travel to the University of Washington Medical Center for FASD assessment services.

PORT OF EVERETT SHIPPING SCHEDULE

The clinic is in the process of hiring about a dozen staff members, including five for the FASD diagnostic clinic. Wonderland was founded in 1969 by three women in Seattle’s Ballard neighborhood who wanted to provide in-home services to local children with developmental issues. “They needed help in the home, but they didn’t want to send their children to a residential facility,” Kirchoff said. On any given day, Wonderland’s team might serve a child with a heart transplant, a speech delay, Down syndrome or autism, or help a premature baby in need of help developing her muscles, Stiller Bradley said. The nonprofit is supported by a mix of donations, insurance revenue, grants and county and school district funding, including the Edmonds and Northshore districts. Wonderland’s services are available regardless of income, insurance or the ability to pay. Janice Podsada; jpodsada@ heraldnet.com; 425-339-3097; Twitter: JanicePods

Arrival Carrier

Vessel

Cargo

Dec. 4

Westwood

Westwood Victoria

Containers

Dec. 5

Pacific Basin

Jiangmen Trader

Breakbulk

Dec. 11

Westwood

Westerland

Containers

Dec. 14

ECL

Asian Naga

Containers

Dec. 15

Chipolbrok

Wladyslaw Orkan

Breakbulk

Dec. 18

Westwood

Westwood Columbia

Containers

Dec. 26

Westwood

Ballenita

Containers

Dec. 26

ECL

Asian Naga

Containers

Jan. 2

Westwood

Westwood Olympia

Containers

Jan. 8

Westwood

Bardu

Containers

Jan. 15

ECL

Jan. 22

Westwood

Westerland

Containers

Jan. 29

Westwood

Westwood Victoria

Containers

Jan. 30

ECL

Ocean Seagull

Containers

Feb. 5

Westwood

Ballenita

Containers

Feb. 12

Westwood

Westwood Columbia

Containers

Ocean Seagull Containers, breakbulk

Business Card

Generous pours of our amazing Washington wine flow in the Tasting Room Thu-Sat 4:30-10pm. Enjoy live music, special events and classes in our Lounge and Barrel Room.

AUTO GLASS • GLASS REPLACEMENT • TINTING • VINYL WINDOWS

Rock Chip Repair…

3006 Rucker Ave, Everett, WA 98201

425-339-0293 portgardnerbaywinery.com GET SOCIAL! Serving Snohomish County Since 1980

3495

$

CLEAR-VIEW GLASS COMPANY www.clearviewglass.com 4317 Rucker • Everett 425-258-9399

To advertise in this directory call

TRANSMISSION SERVICE TRANSMISSIONS Our Speciality, Not a Sideline

Quality Transmission Service & Repair

• Remanufactured • Automatic • Standards • Differentials • CV Axles Drivelines • Repairs and/or Replace

Serving the NW Since 1952

www.edstransmission.com 1811 Everett Ave. Everett (425) 252-2161

425.339.3054


16 THE HERALD BUSINESS JOURNAL

DECEMBER 2018

BUSINESS LICENSES ARLINGTON Cole’s This & That 1, 26024 35th Drive NE, Arlington, General Merchandise-Retail Emergency LLC, 103 E. 3rd St., Arlington, Nonclassified Establishments Evergreen Home Loans, 3710 168th St. NE, Arlington, Real Estate Loans Freedom Gunsmithing, 4603 189th St. NE, Arlington, Guns & Gunsmiths Haggen Northwest Fresh, 74 Ave. NE, Arlington, Nonclassified Establishments Pro Admin Svc, 16910 59th Ave. NE, Arlington, Services Nec Skyward Fisheries LLC, 4018 226th Place NE, Arlington, Fishery Consultants Stilly Valley Chamber-Commerce, 103 E. 3rd St., Arlington, Chambers Of Commerce Viking Transport, 137 N. Olympic Ave., Arlington, Trucking Vintage Chick, 425 N. Olympic Ave., Arlington, Nonclassified Establishments

BOTHELL Armory, 17903 Bothell Everett Highway, Bothell, Guns & Gunsmiths Avalon North Creek, 1515 196th St. SE, Bothell, Nonclassified Establishments Blazing Onion Burger Co, 18323 Bothell Everett Highway No.375, Bothell, Restaurants Building Kidz, 18820 35th Drive SE, Bothell, Building Contractors Carbine Creek Holdings LLC, 22322 20th Ave. SE, Bothell, Holding Companies (Non-Bank) Ellianne’s Boutique, 17307 54th Ave. SE, Bothell, Boutique Items-Retail Hongan Accounting Inc, 18325 35th Drive SE, Bothell, Accounting & Bookkeeping General Svc Jersey Mike’s Subs, 24016 Bothell Everett Highway, Bothell, Restaurants Little Pearls Bothell, 1908 201st Place SE, Bothell, Dentists Luna Nail Lounge, 17716 Bothell Everett Highway, Bothell, Manicuring Market Ready Realty LLC, 22121 17th Ave. SE, Bothell, Real Estate Management Mayuri Foods, 20617 Bothell Everett Highway, Bothell, Grocers-Retail Mighty Coders, 1912 201st Place SE, Bothell, Nonclassified Establishments Mighty Coders, 3809 167th Place SE, Bothell, Nonclassified Establishments Orcas Product Group Inc, 22502 35th Drive SE, Bothell, Nonclassified Establishments Roopas Beauty Care, 2718 232nd Place SE, Bothell, Beauty Salons Sons Of Thunder, 15721 Sunset Road, Bothell, Nonclassified Establishments

Velofix Sammamish, 18930 Bothell Everett Highway, Bothell, Nonclassified Establishments

DARRINGTON Cosmic Reality LLC, 925 Commercial Ave., Darrington, Nonclassified Establishments

EDMONDS Arevalo Gallardo LLC, 4906 147th St. SW, Edmonds, Nonclassified Establishments Auto Restoration, 7015 Olympic View Drive, Edmonds, Automobile Customizing B Young Counseling, 23306 Edmonds Way, Edmonds, Counseling Services Bambu, 22511 Highway 99, Edmonds, Nonclassified Establishments Body Motion Physical Therapy, 320 Dayton St., Edmonds, Physical Therapists Dahlstrom Builders LLC, 610 5th Ave. S., Edmonds, Building Contractors Greg Norman Tile & Designs LLC, 7014 164th St. SW, Edmonds, Tile-Ceramic-Contractors & Dealers Holloway Habitats Gardening, 21912 86th Place W., Edmonds, Lawn & Grounds Maintenance Honeybee Table, 1120 5th Ave. S., Edmonds, Nonclassified Establishments Jack Scott Asset Mgmt Svc, 21412 Highway 99, Edmonds, Investment Management Kisaku, 23416 Highway 99, Edmonds, Nonclassified Establishments Kotalik Farmers Insurance, 22727 Highway 99, Edmonds, Insurance Nuna Ramen, 23416 Highway 99, Edmonds, Restaurants Portrait Displays, 123 2nd Ave. S., Edmonds, Photographers-Portrait

EVERETT 1st Choice Adult Care Home LLC, 4629 W. View Drive, Everett, Nonclassified Establishments A Erickson DDS Pllc, 914 Hoyt Ave., Everett, Dentists Ainoa Cleaning Svc, 2120 Broadway, Everett, Janitor Service Alliance Geomatics, 2707 Colby Ave. No. 903, Everett, Surveyors-Aerial Altasciences Preclinical Sttl, 6605 Merrill Creek Pkwy, Everett, Nonclassified Establishments Bbcitc, 1420 80th St. SW No. D, Everett, Motion Picture Special Effects Bull Squid Artist, PO Box 1275, Everett, Artists-Commercial Cascadia Sport Systems Inc, 2000 Hewitt Ave., Everett, Nonclassified Establishments Cex Seattle WA LLC, 1402 SE Everett Mall Way No. 3, Everett, Nonclassified Establishments Cin’Atra, 6502 Evergreen Way, Everett,

Nonclassified Establishments Commercial Residential Clnng, 4636 Fowler Ave., Everett, Janitor Service Cummins Inc, 3717 Mcdougall Ave., Everett, Engines-Diesel-Repairing Eagle Global Travel, 105 112th St. SE, Everett, Travel Agencies & Bureaus Edge Up Landscapes LLC, 3213 56th St. SW, Everett, Landscape Contractors Estes Express Lines, 6414 Hardeson Road, Everett, Trucking-Motor Freight Everett Jewelry & Watch Repair, 1402 SE Everett Mall Way, Everett, Jewelers-Retail Ffb Everett Casino, 430 E. Casino Road, Everett, Bakers-Retail Ftd Global, 5033 33rd Ave. W., Everett, Nonclassified Establishments Grocery Outlet, 5209 Evergreen Way, Everett, Grocers-Retail Harmony Psychiatry Assoc, 1511 26th St., Everett, Psychiatric Treatment Facilities High Trek Adventures At Pain, 11928 Beverly Park Road, Everett, Adventure Vacations I Will Be Paint-Pressure, 12217 14th Drive SE, Everett, Painters Icon Dental Ctr, 1820 100th Place SE, Everett, Dentists Iconic Work Wear, 7207 Evergreen Way, Everett, Clothing-Retail Inseitz Fabrication LLC, 6708 Berkshire Drive, Everett, Assembly & Fabricating Service (Mfrs) Las Americas, 2120 Broadway, Everett, Nonclassified Establishments Luxe Skin Studio, 35 SE Everett Mall Way, Everett, Skin Treatments Medical Interpreter, 2101 98th St. SE, Everett, Translators & Interpreters N W. Auto S ales, 2520 Center Road, Everett, Automobile Dealers-Used Cars Nate Drake General Contractor, 2015 106th St. SW, Everett, General Contractors Nine Delicasies LLC, 520 128th St. SW, Everett, Caterers Pace Property Group LLC, 2815 Baker Ave., Everett, Real Estate Management Phoenixx Books, 2515 Grand Ave., Everett, Book Dealers-Retail Pnw Auto Sales, 6004 Evergreen Way, Everett, Automobile Dealers-Used Cars Polygon Homes, 3458 31st Drive, Everett, Home Builders Prestige Notaries Inc, 4401 S. 4th Ave., Everett, Notaries-Public Pyramid Courier Svc, 12221 Airport Road, Everett, Courier Services Seven Of Hearts, 2221 Everett Ave., Everett, Nonclassified Establishments

Sigma Construction, 702 W. Casino Road, Everett, Construction Companies Skin Works Co, 500 SE Everett Mall Way, Everett, Skin Treatments Sound Vocational Svc, 1010 SE Everett Mall Way, Everett, Services Nec Swift Contract General, 11014 19th Ave. SE, Everett, General Contractors Tommy Barber & Nail Spa, 5129 Evergreen Way, Everett, Barbers Victor Auto Repair, 11715 Highway 99, Everett, Automobile Repairing & Service Vonna Castiglione Rdh, 12528 22nd Ave. SE, Everett, Dental Hygienists Wander Wellness LLC, 3206 Wetmore Ave., Everett, Wellness Programs Weld Repair North West, 5704 West Drive, Everett, Repair Shops & Related Services Nec

GRANITE FALLS Convergence Coffee, 108 N. Alder Ave., Granite Falls, Coffee Shops Old Soul, PO Box 1201, Granite Falls, Nonclassified Establishments

LAKE STEVENS Elle Marie Hair Studios, 9623 32nd St. SE No. 102, Lake Stevens, Beauty Salons Hartford Industrial LLC, 12716 31 Place NE, Lake Stevens, Nonclassified Establishments One L R Holdings LLC, 925 Frontier Cir E., Lake Stevens, Holding Companies (Non-Bank) Rustic Cork Wine Bar LLC, 215 103rd Ave. NE, Lake Stevens, Bars Turbo Espresso, 13113 28th St. NE, Lake Stevens, Coffee Shops

LYNNWOOD 76 Center, 7528 196th St. SW, Lynnwood, Nonclassified Establishments All In North, 20801 Highway 99 No. 203, Lynnwood, Nonclassified Establishments All That Vape, 6511 208th St. SW, Lynnwood, Electronic Cigarettes Allcare Family Home LLC, 13909 15th Ave. W., Lynnwood, Homes-Adult Barbered, 16825 48th Ave. W., Lynnwood, Barbers Beza Adult Family Home, 18901 46th Ave. W., Lynnwood, Homes-Adult Bobby Walker Q A LLC, 7211 196th St. SW, Lynnwood, Nonclassified Establishments Christine Kay Counseling Pllc, 1823 145th St. SW, Lynnwood, Counseling Services Denton Restoration, 20909 State Route 99, Lynnwood, Nonclassified Establishments

See PAGE 18


DECEMBER 2018 THE HERALD BUSINESS JOURNAL 17

SNOHOMISH COUNTY

NOW OPEN!

NOMINATIONS Recognizing and celebrating the next generation of leadership!

Deadline to nominate is Sunday, Jan. 6!

Top nominees will be honored at an event in Spring 2019 and featured in the April edition of The Herald Business Journal.

AWARD EVENT APRIL 11, 2019

The Herald Business Journal and Moss Adams – in partnership with Snohomish County community leaders – are seeking to honor the next generation of leadership in our community. The Emerging Leaders Award pays tribute to an individual who exemplifies outstanding professional values: demonstrates the ability to go above and beyond the expectations of a leader; and serves as an inspiration to the community. All nominees must currently work or reside in Snohomish County.

MARYSVILLE OPERA HOUSE

In partnership with:

Complete the nomination form today at: theheraldbusinessjournal.com/emergingleaders Call 425.339.3030 if you have questions.


18 THE HERALD BUSINESS JOURNAL

DECEMBER 2018

BUSINESS LICENSES From Page 16 Edo Sushi & Sake Inc, 19400 36th Ave. W., Lynnwood, Restaurants Etched By Designs, 4320 196th St. SW No. B-835, Lynnwood, Nonclassified Establishments Farmers Market Sprouts, 19630 Highway 99, Lynnwood, Farm Markets G H Home Improvement, 15517 40th Ave. W., Lynnwood, Home Improvements Glory Hounds, 709 147th St. SW, Lynnwood, Nonclassified Establishments Hanok Restaurant, 2806 144th Place SW, Lynnwood, Restaurants K Smoke Mart, 18209 56th Ave. W., Lynnwood, Cigar Cigarette & Tobacco Dealers-Retail Light Up, 300 189th St. SW, Lynnwood, Lighting Fixtures-Retail Mcinelly LLC, 821 180th St. SW, Lynnwood, Nonclassified Establishments Metropolitan Detail, 12700 Bel Red, Lynnwood, Automobile Detail & Clean-Up Service Mugen Sushi, 18601 Highway 99 No. 100, Lynnwood, Restaurants Redstone Sparling LLC, 4100 194th St. SW No. 0, Lynnwood, Nonclassified Establishments Ren & Boh Design, 18404 60th Ave. W., Lynnwood, Nonclassified Establishments Rohi’s Hair Saloon-Beauty Supl, 14608 Highway 99, Lynnwood, Beauty Salons Sno King Auto Sales, 14325 Lake Road, Lynnwood, Automobile Dealers-Used Cars Toca Training Nw, 18021 Alderwood Mall Pkwy, Lynnwood, Training Consultants Veritas Millwork LLC, 19420 21st Ave. W., Lynnwood, Millwork (Mfrs) Veteran Markets, 18602 36th Ave. W., Lynnwood, Food Markets

Willard’s Pest Control, 16825 48th Ave. W. No. 260, Lynnwood, Pest Control Willy’s Waffles, 16931 62nd Ave. W., Lynnwood, Restaurants

MARYSVILLE A Stroke Of Brilliance Paint, 804 Cedar Ave., Marysville, Painters Abode Senior Care Co, 1369 Cedar Ave., Marysville, Residential Care Homes B & C Inc Of Marysville, 8215 53rd Drive NE, Marysville, Nonclassified Establishments Becu, 2701 171st Place NE, Marysville, Nonclassified Establishments C & A Flooring LLC, 5925 74th St. NE, Marysville, Floor Laying Refinishing & Resurfacing Carolyn Garza LLC, 7203 65th Ave. NE, Marysville, Nonclassified Establishments Cortes Brothers Constr LLC, 1701 1/2 2nd St., Marysville, Construction Companies Dynasty, 1206 State Ave. No. C, Marysville, Nonclassified Establishments Four Day Fireplace, 3923 88th St. NE, Marysville, Fireplaces Gators Pnw Sales, 13628 12th Ave. NW, Marysville, General Merchandise-Retail Holleman Construction, 7512 86th St. NE, Marysville, Construction Companies Legacy Earthworx LLC, 7608 56th Place NE, Marysville, Fill Contractors Little Explorers Learning Ctr, 11919 52nd Drive NE, Marysville, Child Care Service Marysville Dental Clinic, 1601 10th St., Marysville, Dentists Multicare Health System, 3822 116th St. NE, Marysville, Hospitals Northwest Escrow LLC, 1031 State Ave., Marysville, Escrow Service

When you partner with Procura, you partner with a lender who works hard to be a part of the community.

How do we stay involved?

» Charitable events such as school supply

» Community events with the Everett Silvertips and

» Free Mortgage 101 classes every Tuesday night » An Affinity Program partnership with local unions

» Tribal outreach—teaching classes and educating tribal

and coat drives

Everett Aquasox

members about the HUD 184 program

We’ve got everything you need to succeed. Give us a call today!

GOVERNMENT » FHA » 0% Down » VA » 100% Rural Development » HUD 184 CONVENTIONAL » Home Possible » Home Ready » Jumbo

Northwest Motor Sport, 3520 136th St. NE, Marysville, Electric Motors-Dlrs/Repairing (Whls) Peace Days Daycare, 7319 69th Ave. NE, Marysville, Child Care Service Shanon Therapy Svc LLC, 6932 88th Place NE, Marysville, Therapy Spark Hot Yoga, 6608 64th St. NE No. A, Marysville, Yoga Instruction Taco Tuesday LLC, 9111 State Ave., Marysville, Restaurants West Coast Structual, 0 Grove S., Marysville, Nonclassified Establishments

MILL CREEK Anko LLC, 15506 Main St., Mill Creek, Nonclassified Establishments Diedrich Expresso, 13524 Bothell Everett Highway, Mill Creek, Coffee Shops Tiger Construction, 4320 174th St. SE, Mill Creek, Construction Companies

MONROE Bewildernes, 20012 State Route 2, Monroe, Nonclassified Establishments Burnt Barrel Wiskey Bar, 102 E. Main St., Monroe, Bars Harvest Direct Enterprises, 206 E. Main St., Monroe, Physicians & Surgeons Equip & Supls-Whls M & E. Bridal Enterprises, 521 Powell St., Monroe, Bridal Shops Redemtion Moving & Delivery, PO Box 1269, Monroe, Movers Sky Valley Gymnastics Co, 14532 169th Drive SE, Monroe, Gymnastic Instruction Verum Construction Inc, PO Box 1239, Monroe, Construction Companies

MOUNTLAKE TERRACE Be Healthy Naturally LLC, Terry Hodges 6703 234th Place SW, Mountlake Terrace, Health Services Cosmic Cleaning LLC, 6703 234th Place SW, Mountlake Terrace, Janitor Service Dangerous Designs Co, 21210 44th Ave. W., Mountlake Terrace, Nonclassified Establishments Give It A Go, 4307 236th St. SW, Mountlake Terrace, Nonclassified Establishments Independent Contractor, 4201 236th St. SW, Mountlake Terrace, Contractors Juicy Power Yoga, 6007 244th St. SW, Mountlake Terrace, Yoga Instruction Terrace Bookkeeping, 3707 225th Place SW, Mountlake Terrace, Accounting & Bookkeeping General Svc

MUKILTEO Belltown Coatings LLC, 9700 Harbour Place No. 124, Mukilteo, Nonclassified Establishments Best Kept Secret, 3616 South Road, Mukilteo, Nonclassified Establishments Come Up Productions, 11108 Chennault Beach Road, Mukilteo, Nonclassified Establishments Funtastic LLC, 12189 Greenhaven, Mukilteo, Nonclassified Establishments Portal Carriers, 8490 Mukilteo Speedway, Mukilteo, Delivery Service R G Styles, 8808 56th Place W., Mukilteo, Beauty Salons Vietnamese Church Of Lynn, 1107 2nd St., Mukilteo, Churches

SNOHOMISH A Star Tutoring, 12010 57th Drive SE, Snohomish, Tutoring

See NEXT PAGE

...in Everett

BACHELOR’S DEGREES Education • Environment Human Services

MASTER’S DEGREES Business • Education Rehabilitation Counseling Active Minds Changing Lives • AA/EO

wwu.edu

/hereyouc

an


DECEMBER 2018 THE HERALD BUSINESS JOURNAL 19

BUSINESS LICENSES From previous page Comfy Cabins LLC, 13314 82nd Drive SE, Snohomish, Chalet & Cabin Rentals Dream Real Estate Group, 605 2nd St., Snohomish, Real Estate Handyman Northwest LLC, 18902 130th Place SE, Snohomish, Handyman Services Hendry Homes LLC, 120 Cedar Ave., Snohomish, Home Builders Joy Centers, 310 Pine Ave., Snohomish, Nonclassified Establishments Karate North West, 203 Cypress Ave. No. 0, Snohomish, Martial Arts Instruction Laurance Sales LLC, 5211 139th Ave. SE, Snohomish, General Merchandise-Retail Looking Glass Coffee, 801 1st St. No. 201, Snohomish, Coffee Shops Marz Capone Inc, 708 19th St., Snohomish, Nonclassified Establishments Seattle Spine-Sports Medicine, 15930 63rd Drive SE, Snohomish, Sports Medicine & Injuries Stage Seattle, 4923 139th Place SE, Snohomish, Interior Decorators Design & Consultants United Recycling, 18827 Yew Way, Snohomish,

Custom made dentures are done ON-SITE or in our lab

Recycling Centers (Whls) Newscapes Northwest LLC, 32532 44th Ave. NW, Stanwood, Nonclassified Establishments Raliberto’s Taco Shop, 8924 271st St. NW, Stanwood, Restaurants Sunshine Properties, 21631 36th Ave. NW, Stanwood, Real Estate Sunshine Properties Inc, PO Box 308, Stanwood, Real Estate Super Scoopers, 26212 36th Ave. NW, Stanwood, Nonclassified Establishments Tuxs Tree, 8316 184th St. NW, Stanwood, Tree Service

SULTAN Diedrich Expresso, 36023 State Route 2, Sultan, Coffee Shops J D Slicks, 523 W. Stevens Ave., Sultan, Nonclassified Establishments Talking Crow Coffee Roasters, PO Box 1093, Sultan, Coffee Shops

WOODINVILLE Ath Pro Roofing & Constr LLC, 21212 78th Ave. SE, Woodinville, Roofing Contractors

Custom Dentures starting at

Warranty on ALL Dentures

698ea.

$

SAME DAY Repairs & Relines

Senior DISCOUNTS Ask us about affordable dentures over implants

Call for a Free Consultation

for patients who have poor retention or sore gums.

1111 Pacific Ave., Suite A Everett, WA 98201 For more information visit:

everett.eurodenture.com

Insurance and Payment plans accepted Accepting Medicaid

425-374-8470


20 THE HERALD BUSINESS JOURNAL

DECEMBER 2018

Cabela’s

®

World’s Foremost Outfitter

A place where you can

touch & feel

Seattle Premium Outlets Legendary brands. Real savings.

your shopping treasures!

Walmart

Use exit 200 or 202 and turn west.

Save money. Live better .

8825 34th Ave. NE Tulalip, WA 98271 TDS-20929

Find us on Facebook and QuilCedaVillage.com

®

Home Depot

®

More saving. More doing.


Turn static files into dynamic content formats.

Create a flipbook
Herald Business Journal - 12.01.2018 by Sound Publishing - Issuu