Article

2020-06-23 Economy

Due to Seattle’s unrest, billion-dollar investment firm moving to Phoenix

[KTARNews] Coronavirus pandemic or not, an investment advisory company is leaving the cultural unrest in Seattle and moving its headquarters to Phoenix’s Camelback Corridor.

" ... The unrest that has taken place in the city of Seattle ... there is really is not a downtown business community today," Smead Capital Management, President and CEO Cole Smead told KTAR News 92.3 FM.

Smead said that although taxes in Seattle are lower, candidate recruitment is harder and the cost of living within the city is more expensive than Phoenix.

"We’re hearing rumors of 40-story buildings that will be only 20-percent occupied by October," Smead said.

Posted by trailing wife 2020-06-23 00:00|| || Front Page|| [11135 views ] Top
File under: Antifa/BLM

#1 There may be other relocations as well.

Posted by Besoeker 2020-06-23 08:18|| 2020-06-23 08:18|| Front Page Top

#2 Probably a lot of Indians (Asian sub-continental) in the Phoenix area who will work for less, anyway.

I must say I would have never guessed that taxes are lower in Seattle than in PHX.

Posted by Clem 2020-06-23 08:23|| 2020-06-23 08:23|| Front Page Top

#3 There may be other relocations as well.

Tesla to Texas -- contrary to expectations, things are getting real

Posted by Skidmark 2020-06-23 09:06|| 2020-06-23 09:06|| Front Page Top

#4 AOC would be proud.

Posted by gorb 2020-06-23 13:55|| 2020-06-23 13:55|| Front Page Top

#5 taxes lower in Wash State

state income taxes are I think zero

property and sales taxes are high

corporate also high but lots of loop holes

Posted by lord garth 2020-06-23 19:38|| 2020-06-23 19:38|| Front Page Top

#6 Interesting, thanks. It is such a liberal cesspool I'd have never guessed.

Posted by Clem 2020-06-23 19:41|| 2020-06-23 19:41|| Front Page Top

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