November Business Connection

Page 1

Business Connection Kelso Longview Chamber of Commerce

Washington state continues to nickel and dime business.

Kelso-Longview Chamber of Commerce Bill Marcum CEO

k November 2021

Volume 13 • Issue 11 Business Connection is published monthly by the Kelso Longview Chamber of Commerce 105 N. Minor Road • Kelso, WA 98626

STAFF

Price of doing business in Washington keeps rising

Bill Marcum, CEO Julie Rinard, Project Manager Pam Fierst, Office Manager Maxine Nightcourte, Social Media Service

T

o help fill state coffers, costs continue to rise for local businesses that have been forced to restrict occupancy, hours and even close during the past 18 months. Seems the only business growing its business is the state of Washington–with revenues approaching the $6 billion range over what was originally budgeted. The fact they call it revenue frustrates me–it is pure and simple taxes. Taxes paid by you, me, and businesses in Washington state. Retail sales tax collections increased 16.3% year over year and Business and Occupation (B&O) tax collections increased 22.4% year over year.

k CONTACT US

360-423-8400 kelsolongviewchamber.org To advertise, call Bill Marcum 360-423-8400 or bmarcum@kelsolongviewchamber.org Ad Deadline 20th of Each Month

Our state minimum wage will be $14.49 in 2022–second only to California. Arkansas and Minnesota are tied at No. 16 at $10 with 21 states still at the unbelievable low federal minimum wage of $7.25. Unemployment insurance in Washington is third highest at a $472.62 average benefit per week. Only Hawaii and Massachusetts are higher. Average Workers Compensation benefits in Washington are No. 1–$766.59 per covered worker and going up 3.1% in 2022. Washington State Labor and Industry (L&I) calls this a modest increase. Percent of all taxes paid by business in Washington state is 49.6%, ninth highest in the country and going up. And businesses, like all of us, pay to have products delivered not just to them, but then delivered to customers. Washington’s fuel tax is .494 cents per gallon, fourth highest in the U.S. For more Taxes, see page 2


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.