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Economy
Due to Seattle’s unrest, billion-dollar investment firm moving to Phoenix
2020-06-23
[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

#6  Interesting, thanks. It is such a liberal cesspool I'd have never guessed.
Posted by: Clem   2020-06-23 19:41  

#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  

#4  AOC would be proud.
Posted by: gorb   2020-06-23 13:55  

#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  

#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  

#1  There may be other relocations as well.
Posted by: Besoeker   2020-06-23 08:18  

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