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August 13, 2014

Seattle is trying to attract another tech giant to Yesler Terrace space

Puget Sound Business Journal

Ashley Stewart

Seattle's lower cost of living, increasingly talented workforce and funding opportunities have started to persuade tech companies to move their businesses from San Francisco to Seattle. Now it appears, the city leaders are instigating that push.

The Seattle Housing Authority and commercial real estate firm Kidder Mathews are preparing to market Yesler Terrace - a 4.41 acre parcel of land near Harborview Medical Center - as a destination for a tech company, Geekwire reports.

"We think the time is right to attract a major tech tenant to Seattle, perhaps from the Bay Area or somewhere else," Stan Snow of Kidder Mathews told Geekwire's John Cook It's good timing. This year's Techstars list comes with a 67 percent jump in companies seeking to move from San Francisco to Seattle.

For the full story, go to Puget Sound Business Journal .

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