Russell offered $140 million in public funds to stay in Tacoma
TACOMA, Wash. (AP) - Tacoma-area officials are offering more than $140 million in public funds as part of a deal to keep Russell Investments from moving.
Russell is the largest business in downtown Tacoma but is looking for a larger headquarters. Company officials have said that could be anywhere from the current location to Lake Union in Seattle.
Members of Tacoma Partnership say they made their case Monday in a 1½-hour presentation at Russell headquarters. The pitch ranges from offers of tax breaks to the savings if workers don't have to be relocated.
Russell spokeswoman Jennifer Tice won't comment on the presentation, nor did Russell executives give a decision date.
The company has about 1,100 employees, many of them well paid, in four buildings.
Russell is the largest business in downtown Tacoma but is looking for a larger headquarters. Company officials have said that could be anywhere from the current location to Lake Union in Seattle.
Members of Tacoma Partnership say they made their case Monday in a 1½-hour presentation at Russell headquarters. The pitch ranges from offers of tax breaks to the savings if workers don't have to be relocated.
Russell spokeswoman Jennifer Tice won't comment on the presentation, nor did Russell executives give a decision date.
The company has about 1,100 employees, many of them well paid, in four buildings.