Tri-Cities Area Journal of Business - July 2019

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July 2019

Volume 18 • Issue 7

Banking & Finance Student loan debt a growing burden

Page 11

Kennewick nonprofit purchases companies Columbia Industries to use revenue to grow programs for people with disabilities BY ROBIN WOJTANIK

for Tri-Cities Area Journal of Business

Real Estate & Construction

Lamb Weston completes $250 million french fry processing line Page 23

Tourism & Travel

Sports tourism brings in big bucks to the Tri-City area Page 41

NOTEWORTHY

“When this community supports local community banks and credit unions, the positive effect on our community is huge.” - Doug Wadsworth,

Tri-CU Credit Union Page 19

A Kennewick nonprofit has acquired a longtime Tri-City pizza franchise and a bottled water service company to grow its mission-based organization and expand its headquarters to accommodate a new social services outreach program. Columbia Industries, a nonprofit committed to supporting and empowBrian McDermott ering individuals with disabilities and other challenges, acquired the Tri-Cities’ four Round Table Pizza restaurants and Kennewick’s Paradise Bottled Water Co. “We think we’re a great fit for them and they’re a great fit for us,” said Columbia Industries CEO Brian McDermott. “They’re both positive members of the community.” CI is planning to fund and expand its community programs with revenue generated from the businesses. “We decided last May as we went through our budgeting and strategic planning process for this year that we wanted to start pursuing acquisitions in this vein, and it’s been a whole long process of looking for the opportunities,” McDermott said. uNONPROFIT, Page 4

Courtesy Google Earth/Graphic design by Shawna Dinh The 184 acres of undeveloped land bought by the Confederated Tribes of the Colville Reservation are just off Highway 395, northeast of King City, in Franklin County.

Land buy may open door to tribal casino Colville Tribes buy 184 acres near King City

BY ROBIN WOJTANIK

for Tri-Cities Area Journal of Business

T

he Colville Tribes’ $10.8 million purchase of 184 acres of Franklin County farmland could set the stage for a future casino just northeast of King City in Pasco. Though opening a casino would take “many years” since the land off Highway 395 would first need to be transferred into

federal trust status through the Bureau of Indian Affairs or the U.S. Department of the Interior, said Rodney Cawston, chairman of the business council for the Confederated Tribes of the Colville Reservation. “That can take some time,” he said. “And then afterwards we apply for the permit for the casino, and that can take some time as well.” The tribes own and operate three other casinos: 12 Tribes Resort Casino in Omak, Mill Bay Casino in Manson and Coulee

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Oregon shoppers required to pay sales tax at register Washington axes upfront exemption, allows annual refund by filing paperwork BY ROBIN WOJTANIK

for Tri-Cities Area Journal of Business

Washington shoppers no longer will find themselves waiting in line at the register behind Oregon residents wanting to avoid state taxes. Oregonians are no longer exempt from paying state taxes when they reach for their wallets under a law signed by Washington’s

Gov. Jay Inslee that took effect July 1. To recoup any sales tax expenses, Oregon residents now must file for a yearly refund from the state Department of Revenue for any state sales taxes paid in excess of $25 annually. For decades, shoppers living over the state line to the south had avoided paying sales tax at checkout time at stores in the Mid-Columbia by providing proof of Oregon residency. Sellers of big ticket items like appliances are concerned about the new law. uTAX, Page 5

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