SPOKANE, WA-This city’s three-year-old investment in communications infrastructure is paying off. In 1997, the central business district here was wired with high-speed Internet access and high-capacity fiber optic cable to nurture the regions expanding industries of software, digital, and information technologies. Now known as the “Terabyte Triangle,” the area has attracted more than 20 technology-based businesses to downtown Spokane.

As a result, says Mark Turner, president of the Spokane Area Economic Council, the bulk of manufacturing in the area is now electronic or high-tech oriented. “Of the top 12 manufacturers (here), eight are technology based,” says Turner, dropping names like Cisco Systems and Key Tronic Corp. Turner says the recent growth among local manufacturers is creating a ripple effect and fostering economic activity throughout the high-tech sector. “Clusters of suppliers and vendors are growing in Spokane, which will help (the EDC) better meet the needs in technology-based business and spur future growth,” says Turner.

Another spokesperson at the EDC tells GlobeSt that two of Spokane’s attractions are its relative proximity to Seattle combined with its significantly lower costs of doing business, including cheaper land and lease rates. Here’s a look at some companies that already have taken advantage of the lower costs:

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.