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Business Daily
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By ALAN FRAM, Associated Press 

WASHINGTON — A Senate Democratic bill gradually increasing the federal minimum wage to $10.10 hourly would require private businesses to spend $15 billion more in salaries when it takes full effect in 2017, the Congressional Budget Office estimated Thursday.

The nonpartisan budget office’s estimate could be used as ammunition by Republicans, who largely oppose the measure because they say it would drive up business costs. read more »

 

The Bainbridge Island Downtown Association (BIDA) announced that Executive Director Andie Mackin will be leaving later this month to take a position with the Downtown Seattle Association as resource development manager.

“The role with the DSA will be an exciting challenge,” Mackin said in a news release. “I had an opportunity to work with Dave Willard and the Seattle Metropolitan Improvement District over the holidays and am a big fan of their work.”  read more »

 

The Port Gamble S’Klallam Tribe, which through its foundation became Heronswood’s caretaker in 2012, is opening a new community market.

The Ravenwood Market will hold its grand opening on Friday, April 25 from 10 a.m. to 6 p.m. at 7950 Little Boston Road NE in Kingston, near The Gliding Eagle Marketplace and The Point Casino.

The seasonal outdoor market will be open every other Friday through the summer, except for July 4.  read more »

 

Associated Press

WASHINGTON — Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins.

Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent.

Mortgage rates have risen about a full percentage point since hitting record lows about a year ago. read more »

 

The long-vacant Myhre’s building in downtown Port Orchard apparently has a buyer.

The vacant Myhre's building on Bay Street in downtown Port Orchard.Listing agent Bryan Petro of Windermere Real Estate in Port Orchard said Thursday that a confidentiality agreement prevents him from disclosing any information until the pending sale closes. read more »

 

Double-deck buses that can carry about 90 passengers might be coming to Kitsap County in the future, if Kitsap Transit can secure federal grant funding for purchasing them.

The Kitsap Sun reports that the transit agency’s board of commissioners approved seeking $12 million in U.S. Department of Transportation grants to go along with $3 million in local matching funds.  read more »

 

The Kitsap Economic Development Alliance (KEDA) is offering numerous free training workshops for small business owners interested in expanding their business through government contracting. Participants will learn the basics of government contracting from 30-year veteran Mary Jo Juarez and Susan Veach, consultant and president of Accountability Plus, Inc., and various subject matter experts. read more »

 

OLYMPIA – A small improvement in the state’s seasonally adjusted unemployment rate began in February and was matched in March, according to revised and preliminary estimates by economists with the state’s Employment Security Department.

Earlier this year, economists estimated Washington’s February unemployment rate at 6.4 percent. A subsequent revision reduced that rate to 6.3 percent, which was equaled in March.

The pace of hiring also has quickened. Washington employers added an estimated 6,700 new jobs in March. read more »

 

Martha & Mary’s Generations of Care benefit luncheon and auction will be held Sunday, April 27, from noon to 3:30 pm at Kiana Lodge, 14976 Sandy Hook Road in Poulsbo. This annual event supports Martha & Mary’s (www.marthaandmary.org) mission of providing quality care for seniors and early childhood education services across Kitsap County.

This year’s keynote speaker is Erik R. Lindbergh, a pilot, artist and entrepreneur, and the grandson of aviation pioneers Charles and Anne Morrow Lindbergh. read more »

 
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