One of Seattle’s largest manufacturing employers has run out of room and may leave the city.
GM Nameplate, which employs 450 in the city, recently sold its building in Interbay. The owners blame the high cost of housing, commuting hassles and the state’s estate tax, which is on the mind of the company’s 70-year-old founder.
The city wants to the company to stay and plans to help it find another nearby location, the article says. But how much can it — or should it — do to protect a single business?
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One response to “Seattle may lose major employer”
Well, what do you think?
I think the city and state legislature’s current level of effort looks appropriate. Ultimately, if the company wants to leave, it will happen anyway… just like the Sonics