Washington manufacturer leaving state after 47 years, cites crime and taxes
Fox News • • business
Key Points:
- Delta Camshaft, a Washington-based manufacturer founded in 1977, is relocating after nearly 50 years due to rising crime, taxes, and operating costs, according to owner Jon Bodwell.
- Bodwell cited significant increases in insurance premiums, power bills, and challenges with local crime and graffiti enforcement as key reasons for the move.
- Seattle ranks fourth-worst among the 30 largest U.S. cities for total crime in 2024, according to an FBI report, contributing to business owners' concerns.
- A survey by the Association of Washington Business found that 44% of business leaders are considering moving their residences out of state, with businesses more likely to expand outside Washington.
- The recent passage of Washington’s first-ever income tax, the "millionaires tax," has faced opposition from conservatives and is seen by some as a factor driving businesses and residents to leave.