Tri-Cities Area Journal of Business - April 2020

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April 2020 Volume 19 | Issue 4

Small business optimism alive and well in Tri-Cities By Wendy Culverwell editor@tcjournal.biz

Hanford

A specialty publication of the Tri-Cities Area Journal of Business Page B1

Real Estate

Homebuilders lobby governor to reconsider ‘nonessential’ label, brace for pain Page A31

Local News

Tri-City port districts consider rent breaks amid pandemic Page A32

NOTEWORTHY “We should be doing everything we can to stabilize our economy.” -U.S. Rep. Dan Newhouse

Page A19

In early April, American businesses raced to apply for $349 billion in forgivable loans through the CARES Act’s SBA Paycheck Protection Program. The loans covered payroll costs, rent, benefits and more. Better still, they’re forgiven if businesses maintain employment through the coronavirus pandemic. Locally and nationwide, the numbers are staggering. Washington Learn more about state reports how to apply for small unemployment business grants. claims were Page A38 seven times higher in early April than the worst moments of the Great Recession a decade ago. “Nonessential” businesses will remain closed, as a result of Gov. Jay Inslee’s Stay Home, Stay Healthy order intended to slow the spread of coronavirus, in effect through at least May 4, meaning the pain will get worse. While there were reports of challenges in completing applications through Small Business Administration lenders, the program is wildly popular and was expected to quickly reach the limits. Treasury Secretary Steven Mnuchin pledged to pursue an additional $250 billion within days. It’s a dizzying time for small businesses. The Tri-Cities Area Journal of Business reached out to local entrepreneurs to see how they’re faring. We surveyed owners of businesses recently profiled in the Journal of Business. Their answers are inspiring, funny, creative and most of all reveal a collective determination to survive and to do good while times are bad. Here’s what they had to say:

David Lippes, Boost Builds The Tri-City investor owns or operates about two dozen businesses, including Boost Builds. The community-building development firm is constructing Park uOPTIMISM, Page A3

Courtesy Washington Air National Guard Maj. Brad Sanders of the Washington Air National Guard was called to active duty to help with the state’s response to the coronavirus emergency. While he’s deployed, his wife Yvette Sanders is overseeing daily operations at their business, the Tri-Cities FastSigns franchise in Kennewick.

Kennewick business owner called up for Air National Guard duty By Wendy Culverwell editor@tcjournal.biz

It seems like a lifetime ago, but it’s only been a few months since Yvette and Brad Sanders bought the Tri-Cities FastSigns franchise. The January deal had everything it needed to ensure the local business would continue and grow. The couple already had run a business and the sellers were staying on to help with the transition. The transition has been anything but ordinary, Brad Sanders said. The coronavirus pandemic brought demand for its signs, wraps and banners to a near halt shortly after the sale closed. Then,

Gov. Jay Inslee issued the Stay Home, Stay Healthy order in March, limiting nonessential activity to curtail the spread of coronavirus, which causes the deadly COVID-19. Business didn’t dry up completely. Customers began asking for signs to help with the pandemic. A Kennewick dentist who closed his practice needed a message guiding patients to emergency care. Businesses deemed nonessential needed “Closed for COVID-19.” Businesses that stayed open asked for floor decals to enforce six-foot social distancing requirements. While adapting to the new line of business, Sanders, a major in the Washington Air

uNATIONAL GUARD, Page A8

Moore Mansion sold to couple who pledge to honor weddings, events By Wendy Culverwell editor@tcjournal.biz

Pasco’s storied Moore Mansion is starting a new chapter after being sold by the couple who saved it from demolition. Debra and Brad Peck sold the historic mansion to a Kennewick couple who will run it as a residence and event center. The Pecks and the new owners will collaborate to ensure weddings and other events booked for 2020 go on as planned. Sandrine and Thomas King, a local pathologist, purchased the mansion, property and business assets for nearly $2.7 million as At the Moore LLC. The deal recorded in Franklin County on March 26. The sale opens a promising new chapter for the Moore Mansion, the graceful Beaux Arts mansion built on the Columbia River

shoreline in 1908 but never occupied by its builder, James Moore. After a series of ownership changes, changes in use and a prolonged period of vacancy, it was nearly destroyed by a suspicious fire on May 9, 2001. The Pecks bought it from a Florida bank in March 2004. They were motivated by a love of the property and desire to see it preserved. The $267,000 deal closed two days before a court-ordered deadline to rebuild or remove the damaged structure. The Pecks restored it as a private residence and outdoor event center, hosting about 20 weddings, proms, meetings and other gatherings each year. Brad Peck estimates 40,000 people passed through the property in the 14 years since it reopened. He and Debra never took a salary. They credit clients who chose the manuMOORE MANSION, Page A4

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Tri-Cities Area Journal of Business 8919 W. Grandridge Blvd., Ste. A1 Kennewick, WA 99336

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