Letters to the Editor

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TACOMA: Headquarters’ losses really hurt

Letter by William I. Trandum, Vaughn on Aug. 1, 2011 at 2:20 pm with 3 Comments »
August 1, 2011 3:03 pm

Thanks to columnist Bill Virgin for his excellent piece on public companies abandoning Tacoma (column, 7-31).

More than public companies, it is the loss of headquarters that hurts. When a headquarters firm is acquired by out of town interests, our economy suffers. Acquisition of Russell Investments by Northwestern Mutual is the most recent example, but there are many others.

To bring it really into focus, does anyone really think Tacoma is better off with The News Tribune being owned by McClatchy Newspapers of Sacramento? McClatchy is a fine company, but the loss of the old Tribune Publishing Co. headquarters activities means that purchasing of headquarters services, including insurance, public accounting, ad agency work, catering and a host of other economic activity left Tacoma.

Sadly, in the rare cases where economic development forces attract a branch of a firm to locate here, it’s just not the same as having a headquarters. The prime economic goal in the area, to my mind, should be to create an environment that attracts the kinds of people who create headquarters and to retain the few that are still here.

I think George Russell created his firm here because he and his dear wife Jane loved where they lived.

Leave a comment Comments → 3
  1. taxedenoughintacoma says:

    The question is would anyone open a business in this state. No way.

    It’s impossible to make a profit in this state. Business will cntinue to leave until we wake up in WA state and throw out the democrats. They have ruined this area with their liberal spending and entitlements.

    Don’t get me started on the unions and tribes…..

    Why are they the biggest supporters of the democrats????

  2. ValleyTarts says:

    Fully agree with the posted comment. Washington State is again following in California’s footsteps chasing away corporations to right to work states (like Texas) or tax friendly states (like Delaware).

    Boeing will eventually move everything out of California and Washington and move to Bama, Tennessee or So Carolina.

    You can thank Pocahantas Gregoire, the teachers union, the state workers union, the longshore union and the Boeing machinists for the demise of Washington States business.

  3. KARDNOS says:

    Yeah….let’s lower the wages in Washington so that the housing values can sink a little further…..

    You have to love the attacks on Native American businesses. I’m betting that not one of these ranters have ever sat through an annual funds distribution dinner put on by the tribes. The community service nonprofit I represented has seen more money from the tribes than from the State of Washington taxpayers.

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