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Pierce County economic board cites $217 million in recent capital investment, warns of state funding cuts
Summary
The Tacoma‑Pierce County Economic Development Board told Lakewood council members it helped facilitate $217 million in investment and nearly 3,900 jobs from 12 projects since 2020, and said recent state budget cuts will reduce its ADO funding by $50,000 per year starting July 1.
Michael Katzie, president and CEO of the Tacoma‑Pierce County Economic Development Board (EDB), and Maddie Wirton, vice president for business retention and expansion, briefed Lakewood council members on the board’s work to recruit investment, retain local businesses and promote the county to outside investors.
Katzie said the EDB is the state‑designated associate development organization (ADO) for Pierce County and that a recent state budget shortfall will cut its ADO funding by $50,000 annually starting July 1.
The EDB overview highlighted three program areas: business recruitment, business retention and expansion, and marketing. Katzie said recruitment and a streamlined permitting process help land projects,…
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