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Bottom Line

News from Seattle's Office of Economic Development

OED’S Daily Digest Three for the Week of November 26

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RESTAURATEUR AND TWO MERCHANTS WANT TO REVITALIZE PIONEER SQUARE

 

PSBJ

Chef Matt Dillon and two other merchants from Melrose Market on Seattle’s Capitol Hill are opening four businesses in the heart of Pioneer Square, and some say other entrepreneurs are not far behind. Despite any concerns regarding safety in the neighborhood, the vacancy rate has dropped below 20 percent as tech companies have moved in (as compared to 27 percent in 2010). A variety of other factors are contributing to the revival in Pioneer Square and led Chef Matt Dillon to believe his investment is not risky.

FISCAL CLIFF FOR DUMMIES: BUSH TAX CUTS, SEQUESTER AND MORE EXPLAINED 

THE DAILY BEAST

Matthew Zeitlin breaks down the fiscal cliff, the sequester, the Budget Control Act, the debt ceiling, and contributing factors for those seeking more baseline knowledge on these issues. The fiscal cliff is described in two parts: the expiration of the Bush tax cuts and the sequester, which are both explained in more depth. The Budget Control Act, passed in August 2011, is described as a series of spending cuts, which includes the portion of cuts dubbed the “sequester”. The Budget Control Act accomplished three things: raised the debt ceiling by $2.1 trillion, allowed the government to increase debts through this year, and instituted two rounds of significant spending cuts. These two rounds of cuts are detailed, as are their effects on government programs and their budgets. Zeitlin discusses what may happen January 1, as these issues come into play.

2012’S LIST OF 101 BEST FOOD TRUCKS IN AMERICA INCLUDES 7 SEATTLE TRUCKS

THE DAILY MEAL

The food truck craze is growing quickly. A year ago, the peak of the trend was assumed to have been reached. In fact, numbers have increased since that time. No, food trucks are here to stay, many serving terrific grub – enough to merit determining America’s best. How does the popularity of food trucks break down by the numbers? According to Smart Money, trucks accounted for 37 percent of the $1.4 billion in street vending revenue nationwide last year – a 15 percent increase over the past five years. In light of this, some of the most successful food trucks have been selected and examined to uncover their secrets to success. Among these are seven local trucks: Where Ya At Matt? (#17), Maximus/Minimus (#21), El Camion (#46),Marination Mobile (#69), Rancho Bravo Tacos (#71), Tacos el Asadero (#82), and Happy Grillmore (#100).

 

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