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BUSINESS UPDATE | JULY 2, 2019
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Dog-sitting startup moves to new Spokane office
Spokesman Review
On Wednesday, Seattle-based dog-sitting startup Rover moved into a new office in Spokane’s Wonder Building, which recently underwent a $15 million renovation. Eighty-six Rover employees currently work in Spokane, and the new office has enough room to accommodate 300 workers. Rover’s app connects pet owners with sitters and walkers, and has raised a total of $310 million since founded in 2011.
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Schweitzer Engineering Laboratories to build new event center
Moscow-Pullman Daily News
Electrical equipment manufacturer Schweitzer Engineering Laboratories (SEL) recently announced plans to build a new 80,000-square-foot corporate event center next to the company’s campus in Pullman. SEL, which designs and manufactures components for electric power systems, has been headquartered on the Palouse since 1982. The new building will be nearly four times the size of the company’s current event center, and is set to be completed in 2021.
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Adaptive Biotechnologies launches successful IPO
Puget Sound Business Journal
Seattle-based Adaptive Biotechnologies launched its IPO on Thursday, and saw its share price more than double from $20 to $40.30. The company’s technology can scan a person’s immune system, and allows researchers and companies to understand how diseases react to drugs. Adaptive was founded in 2009 by Chad Robins and his brother Harlan Robins, who is the former head of the Computational Biology Program at Seattle’s Fred Hutchinson Cancer Research Center. The company is valued at $2.24 billion, and had raised $464.7 million prior to the IPO.
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Apple plans to add more jobs in Seattle
Seattle Times
Last Monday, Apple announced plans to add 2,000 engineering jobs in Seattle over the next five years, with the goal of making Seattle one of the company’s key engineering hubs. Apple is currently leasing office space in Seattle’s South Lake Union neighborhood that could accommodate up to 3,000 employees.
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At the Washington State Department of Commerce, we focus on strengthening communities and growing Washington’s economy.
This bi-weekly newsletter highlights recent economic achievements for the state, and showcases opportunities for companies interested in investing in Washington.
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