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Business

KNKX Public Radio

Business news and features from the Puget Sound region. Stay up-to-date with the latest business news and more.
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Before the pandemic brought daily life to a standstill in Washington state, KNKX toured a massive construction project at Seattle-Tacoma International Airport. Lance Lyttle, the airport's director, said even if an economic slowdown were to arrive — which did not seem imminent in mid-February — it would still be important to continue growing. This week, the Port of Seattle said that's exactly what it will do, at least at the airport.
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From shuttered businesses to record unemployment, the economic effects of the coronavirus pandemic are all around us. Businesses themselves — whether small neighborhood stores or huge global corporations — face tough decisions. And that got us wondering about ethics: Will the way businesses behave now, even if they’re closed or doing limited business, affect the decisions consumers make later?
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UPDATE, March 10: Adds information about Amazon's fund to help nearby small businesses and Gov. Jay Inslee's announcement about additional support for businesses and workers. For the Seattle region, the novel coronavirus presents a significant public health challenge — and also a threat to people’s livelihoods. The economic impact is already being felt. Hotels face cancellations, restaurants have empty tables, and a major economic driver for Seattle, the Emerald City Comic Con, which was set to start this week, has been postponed. Large employers including Microsoft and Amazon have asked employees to work from home, limiting commerce near their campuses.
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Lance Lyttle’s office offers a view across most of Seattle-Tacoma International Airport. He’s the managing director for the aviation division for the Port of Seattle. In short, he manages the airport. And from his corner windows you can see planes taking off and landing, and taxiing around the airfield. But these jets are tiny in comparison to a new bridge that connects the airport’s South Satellite to a new International Arrivals Facility, where passengers will retrieve luggage and go through customs.
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Boeing plans to temporarily halt production of the 737 MAX in Renton beginning in January, but the company said there will not be any layoffs or furloughs at this time.
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Seattle-based Nordstrom is closing stores as it – and other brick-and-mortar retailers – face big challenges in a world that’s turning more to online shopping. The store at Northgate Mall is shutting down on Aug. 9. And in Anchorage, Alaska, the company will close a 97,000-square-foot store at the city’s Fifth Avenue Mall by September. But in Alaska’s largest city, where Nordstrom arrived 44 years ago, the news hit particularly hard.
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A few dozen drivers for Uber and Lyft gathered Wednesday morning at Sea-Tac Airport to talk about low pay in advance of Uber's highly anticipated initial public offering later this week.
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Amazon's plans to relocate one of its critical teams to Bellevue have prompted questions about the company's relationship with Seattle.
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New short-term rental regulations are in effect in Seattle. Property owners, including those using online platforms such as Airbnb, now face limits on how many units they can rent and require an extra license to operate.
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With so many people out of work and so many businesses closed amid the coronavirus pandemic, local governments and school districts are bracing for lower tax revenue.
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    The episode title 'Port of Seattle plans to continue Sea-Tac project, postpone others' is the most popular.

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