With Mount Baker and Jetty Island in the distance, a container ship approaches the Port of Everett. (Port of Everett photo)

With Mount Baker and Jetty Island in the distance, a container ship approaches the Port of Everett. (Port of Everett photo)

Senate Dems: $5 million to help businesses disrupted by coronavirus

Overseas port closures hurt WA companies that depend on international shipping.

By Cameron Sheppard, WNPA News Service

A last minute amendment to the Senate Democratic Caucus supplemental operating budget has earmarked $5 million to help businesses that have been negatively affected by international responses to the coronavirus outbreak overseas.

Businesses like Cosmo Specialty Fibers, a textile producer that does 97 percent of its business with companies in Asia, have been disrupted by port closures intended to stop the spread of the disease.

“This is a local business that has thrived despite disruptive tariff and trade wars, pays its employees strong wages, and has robust potential to expand, but it’s been thrown for a loop,” said Sen. Dean Takko, D-Longview, in a written statement. Takko sponsored the amendment.

Companies will be able request assistance funds from the state’s strategic reserve account to promote economic development, which is funded by one-third of all unclaimed lottery money, according to a release from the Senate Democrats

The operating budget had already provided $2 million for the account, much of which was already spoken for. Budget writers added $2 million in new funds on top of that, and the $3 million in Takko’s amendment means a total of $5 million in new funds.

The budget was approved by the Senate after a 33-16 vote on Feb. 27.




In consideration of how we voice our opinions in the modern world, we’ve closed comments on our websites. We value the opinions of our readers and we encourage you to keep the conversation going.

Please feel free to share your story tips by emailing editor@bothell-reporter.com.

To share your opinion for publication, submit a letter through our website https://www.bothell-reporter.com/submit-letter/. Include your name, address and daytime phone number. (We’ll only publish your name and hometown.) We reserve the right to edit letters, but if you keep yours to 300 words or less, we won’t ask you to shorten it.

More in Business

Stan Mykhaylenko (left) and Sofia Drogomiretskiy pack up a typical Decorent box of Christmas ornaments. The couple’s new business rents tree trimmings. You supply the tree. (Olivia Vanni / The Herald)
They rent you a merry Christmas — the tree trimmings, that is

Tired of storing holiday decorations, a Bothell couple launched a company that rents tree ornaments.

Courtesy photo/Artists Sunday
Artists Sunday, following Black Friday, puts out call for participants before Nov. 29

The movement has a website that offers a free directory of artists and art organizations that participate

Dick’s Drive-In announces search for new Eastside location
Dick’s Drive-In announces search for new Eastside location

The local popular burger chain is looking for public suggestions on possible properties

PSE offering four businesses an energy upgrade
PSE offering four businesses an energy upgrade

You can nominate your favorite business by Oct. 18

Stock photo
Union files charges against QFC, Fred Meyer over Black Lives Matter button ban

Grocery store workers condemn ban; QFC spokesperson says wristband options available to employees

Facebook purchases unused Bellevue REI headquarters
Facebook purchases unused Bellevue REI headquarters

The companies will also each donate $1 million to the Eastrail

Courtesy Greater Issaquah Chamber of Commerce
Eastside businesses prepare for economic uncertainty with regional summit event

The Regional Business Summit, hosted by the Issaquah Chamber Sept. 10, will be held virtually due to COVID-19

Amazon adds more office space to Bellevue, now as many new jobs as HQ2
Amazon adds more office space to Bellevue, now as many new jobs as HQ2

The office space for an additional 10,000 jobs, making it 25,000 coming to downtown, is expected to complete in 2023.

The pandemic’s roots: UW Bothell team models the coronavirus
The pandemic’s roots: UW Bothell team models the coronavirus

A team of computational scientists has developed web-based software that maps the virus’ protein spikes.

Free face masks available at King County Safeway locations
Free face masks available at King County Safeway locations

Stores to distribute 750,000 purchased by King County starting Aug. 24

File Photo
LA Fitness to reopen all locations Aug. 10

Gyms will follow state guidelines

Bay Area bio-tech firm to open production plant in Bothell

Lyell Immunopharma is investing $50 million in a new manufacturing facility that will employ about 100.