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Seattle In The Spotlight: March 16 - 22

Seattle in the Spotlight: March 16 – 22

Seattle #6 Best City in U.S. for Working Women

KING 5 | Kat Khoury (MagnifyMoney) | March 22
http://www.king5.com/article/money/magnify-money/seattle-6-best-city-in-us-for-working-women/281-530881106

“MagnifyMoney ranked the 50 largest metros by analyzing locations with the most pay equality and advancement opportunities for women in the workplace…Each city was ranked based on employment, health care, business ownership, management positions, wage gap, child care, representation and maternal/parental protections…Numbers six through 10 on the list also have some promising factors: 6. Seattle…Seattle has the highest number of female-owned businesses at 40%.”

New Federal Budget Would Likely Keep Money Flowing to Lynnwood Light Rail

Seattle Times | Mike Lindblom | March 22
https://www.seattletimes.com/seattle-news/transportation/new-federal-budget-would-likely-keep-money-flowing-to-lynnwood-light-rail/

“A light-rail corridor to Lynnwood gained momentum Thursday when the House passed a budget that maintains federal transit grants, months after President Donald Trump proposed slashing the program. This likely means Sound Transit’s proposed 8.5-mile, Northgate-Lynnwood line can qualify for a $1.2 billion Federal Transit Administration (FTA) grant, to finish construction by mid-2024. An estimated 68,500 daily riders are expected to board the trains, which provide an option to escape some of the nation’s worst highway delays. Trains from Lynnwood would reach the University of Washington in 20 minutes, or downtown Seattle in 28 minutes.”

Opportunity Scholarships Expanded to Include Technical and Community Colleges

Seattle Times | Katherine Long | March 22
https://www.seattletimes.com/education-lab/opportunity-scholarships-expanded-to-include-technical-and-community-colleges/

“A seven-year-old state scholarship program that has helped more than 2,000 students earn a bachelor’s degree will soon offer the same type of generous aid to students who want to gain technical skills at community and technical colleges. It’s part of a growing emphasis on encouraging more students to earn technical degrees and credentials after they graduate from high school — and a recognition that a four-year college degree doesn’t work for everyone. On Wednesday, Gov. Jay Inslee signed a bill that makes a major change to the Washington State Opportunity Scholarship (WSOS), a $200 million public-private scholarship fund that began in 2011 as a way to help low- and middle-income students earning bachelor’s degrees in science, technology, engineering and math (STEM) and health care. Under the change, Washington high-school grads will be able to get WSOS scholarships to help pay for short-term certificates and other professional technical degrees offered at the state’s community and technical colleges.”

Here’s One Venture Capital Metric where Seattle Actually Beats Silicon Valley

GeekWire | John Cook | March 20
https://www.geekwire.com/2018/heres-one-venture-capital-metric-seattle-actually-beats-silicon-valley/

“There’s no question that Silicon Valley is the epicenter of the venture capital universe. Between 2010 and 2017, venture capitalists poured $144 billion into San Francisco-Oakland companies, and another $52 billion into companies in nearby San Jose-Santa Clara-Sunnyvale…But raw capital invested is not the only way to measure a tech hub, and the folks over at PitchBook have compiled an interesting map showing another perspective. They’ve analyzed what happens to the capital after it is invested, ranking top startup cities by the returns that venture capitalists receive in each market, known as multiple on invested capital or MOIC. This is calculated by exit value — typically through acquisitions or IPOs — divided by total venture capital raised. In other words, what cities punch above their weight? Seattle certainly is one.”

Author

  • Marrione Camacho

    Marrione Camacho is a strategy consultant and a contributor at WTIA. He helps organizations understand their purpose, maximize their value, and scale their impact. He is currently based in Manila, Philippines and you can contact him at marrionecamacho@gmail.com and through LinkedIn.

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