Tag: economic development
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Foundry Row’s Biotech Growth Is Reshaping the City’s Bottom Line, Budget Office Finds
A budget office report projects nearly $11 million in additional city tax revenue driven by Foundry Row’s biotech expansion, prompting a debate over whether to save the windfall or spend it on transit, housing and workforce priorities.
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Biotech Jobs on Foundry Row Have Doubled in Five Years, City-Commissioned Report Finds
A new city-commissioned report finds Foundry Row’s biotech cluster has roughly doubled its workforce in five years, though hiring growth has slowed amid a persistent shortage of trained technicians.
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Vale Avenue Vacancy Rate Falls as Storefront Fee Ordinance Marks First Year
Downtown Core’s storefront vacancy rate fell to 11.4 percent this quarter, the first sustained decline in years, though city officials and landlords disagree on how much credit a contested vacancy-fee ordinance deserves.
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West Bellwater Manufacturing Park Set to Expand, Adding Green-Energy Tenants
City and county officials are funding a 22-acre expansion of the West Bellwater Manufacturing Park, aiming to attract green-energy component suppliers for anchor tenant Bellwater Turbine Works.