The tech sector in Washington accounts for 22% of the state economy and ranks first…
Weekly News Roundup: July 10, 2015
WSDOT Partners With Seattle Tech Company to Digitize Inspections on Viaduct, Roads Statewide
Puget Sound Business Journal | Sarah Aitchison | July 9
http://www.bizjournals.com/seattle/blog/techflash/2015/07/wsdot-partners-with-seattle-tech-company-to.html
“When the Washington state Department of Transportation finishes building a road or bridge, all the documents related to the project are printed, put in a box and then sent to Olympia where they sit for the next 75 years. When roads and bridges are being evaluated, inspectors write everything down in a notebook and either call in results or drive back to the office to plug information into a computer. Sounds antiquated, doesn’t it?”
Hacking of Government Computers Exposed 21.5 Million People
New York Times | Julie Hirschfeld Davis | July 9
http://www.nytimes.com/2015/07/10/us/office-of-personnel-management-hackers-got-data-of-millions.html?ref=technology
“The Obama administration on Thursday revealed that 21.5 million people were swept up in a colossal breach of government computer systems that was far more damaging than initially thought, resulting in the theft of a vast trove of personal information, including Social Security numbers and some fingerprints.”
Pacific NW Gets Nearly $1 Billion in Investments in Second Quarter of 2015
Puget Sound Business Journal | Emily Parkhurst | July 8
“Investment in Pacific Northwest companies is up significantly this year as more venture firms look north from Silicon Valley for opportunities. The Pacific Northwest has had $959 million in venture capital investments in the second quarter of 2015, and investments are up 35 percent compared to this same period last year, according to data from PitchBook.”
Seattle’s Tech Boom Is Driving up Housing Prices
Bloomberg | Hui-Yong Yu | July 8
“Seattle has become the latest West Coast hot spot for homebuyers, from Chinese emigrees to technology workers, sending home prices to a record in an area renowned for its clean air, mountain ranges and lakes. Surging demand is combining with limited supply to boost values, squeezing affordability. ‘We will be like San Francisco in five years,’ said Lili Shang, the Realogics/Sotheby’s International Realty agent who represented the buyers of Moyer’s house. ‘It’s a new era.’“
UW’s Plans for New Computer-Science Building Delayed by State-Budget Setback
The Seattle Times | Miguel Otárola | July 5
“The University of Washington must step up its fundraising for a new computer-science building after state lawmakers granted less than half the $40 million the school originally requested. In budget documents, lawmakers said they committed $32.5 million toward construction of the new building, which UW officials say is key to training more Washington residents for jobs in high-tech firms.”
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