Tri-Cities Tech Business Update
Medical isotopes production facility to start this year ~ ~
The purchase of a unique system paves the way for a Kennewick company to begin producing medical isotopes for Positron Emission Tomography scans later this year, with the first customer expected to be Kadlec Medical Center in Richland. PET scan images are used to diagnose major diseases such as cancer, heart disease, and Alzheimer's disease. Advanced Medical Isotopes Corporation, Kennewick, has purchased a compact proton linear accelerator from Accsys Technology, Inc. known as the PULSAR PET Isotope Production System. The system will enable Advanced Medical Isotopes to supply the most common PET isotopes, such as fluorine-18, nitrogen-13, carbon-11, and oxyen-15, and also longer-lived diagnostic isotopes such as iodine-123 and indium-111. The company expects to produce therapeutic and other diagnostic medical isotopes for organizations nationwide. AccSys Technology, Pleasanton, California, is affiliated with Hitachi Ltd. In other news, Advanced Medical Isotopes Corp. recently named Claude Oliver Chairman of the company's Government Affairs Advisory Board. Oliver, former Washington State representative, Benton County Treasurer, and President of Citizens for Medical Isotopes, also will continue in his current position as Benton County Commissioner. Contact James C. Katzaroff at (509) 736-7000.
Medical imaging firm lands innovation award ~ ~
Advanced Imaging Technologies, Richland, has received Frost & Sullivan's 2007 Technology Innovation of the Year Award for Ultrasound Imaging Technologies, the only award given in that category nationwide. The award recognizes the ARIA Breast Imaging System, which uses holography and diffractive ultrasound to detect subtle changes in density. Frost & Sullivan awards recognize companies that are predicted to encourage significant growth in their industries, have identified emerging trends before they become the standard in the marketplace, and have created advanced technologies that will catalyze medical device industries in the near future. More information . . . Contact Michael Hartwig at (509) 375-3100.
IsoRay announces $16 million equity deal ~ ~
IsoRay, Inc., Richland, which makes medical isotope delivery systems using its proprietary Cesium-131 brachytherapy seeds, has closed a $16,522,000 equity financing led by Punk, Ziegel & Company and Maxim Group LLC. In the transaction, IsoRay issued 4,130,500 registered shares of its common stock at $4 per share and warrants to purchase 826,100 shares of its common stock at an exercise price of $5 per share to institutional investors. If all warrants are exercised, IsoRay would receive an additional $4,130,500. IsoRay will use the funding to expand its sales and marketing and invest in facilities, equipment, and manufacturing technologies that could be used to expand the application of medical isotopes beyond the prostate market. More Information . . . Contact Roger Girard at (509) 375-1202.
Meier celebrates 25 years ~ ~
Meier Enterprises, Inc., Kennewick, celebrates its 25th anniversary on April 19. The company provides architectural and engineering services and has devoted thousands of hours to community service. Recent projects include the engineering design for the first phase of the Pasco High School modernization, engineering for the new 325,000-sq-ft Chiawana High School scheduled to open in fall 2009, architectural and engineering for the new Garrison Creek Wine Cellars in Walla Walla, and architectural and engineering for the new 40,000-sq-ft Accenture teleservices building near Pendleton. Founder and CEO Terry Meier turned over the reigns last year to Steve Anderson, who now serves as president. Contact Steve Anderson at (509) 735-1589.
Imageworks wins Telly award for PNNL video ~ ~
Imageworks, Pasco, has been awarded a 2007 Telly Award, honoring outstanding video and film productions, for a project designed to inform and attract collaborators for a Pacific Northwest National Laboratory biotechnology program. Imageworks designed a video recruiting program to create a consortium of industrial parties interested in building on PNNL's fungal biotechnology success with filamentous fungi, which are used to make enzymes used in biomass conversion, which could then be used to produce bioproducts and fuels. Member companies receive early access to research findings and resulting technology for use in their own processes and products. Contact Rachael Drouhard at (545) 9100 ext. 1509.
Happy manufacturers ~ ~
Two tech businesses were among the six honored at the Richland Rotary/TRIDEC 2007 Local manufacturers generally have a positive outlook about their ability to do business in the Tri-Cities, a recently released survey shows. The survey of 91 manufacturers in Benton and Franklin Counties, sponsored by the Tri-City Development Council and Washington State Department of Community, Trade, and Economic Development, was completed in 2006 and just released. Manufacturers praised the local quality of life, supportive manufacturing climate, affordable housing, and good workforce availability. Seventy-four percent said sales were increasing and an expansion was planned in the next three years. Even the challenge of air transportation showed improvement since the last survey in 2001. TRIDEC and other organizations continue to work on the issues that arose and will use the survey results to recruit and retain manufacturers. See the survey report. Contact Gary A. White at (509) 735-1000.
Innovation zone bill gets closer to reality ~ ~
The Washington State House and Senate have approved different versions of a bill to designate certain areas of the state as innovation partnership zones. Innovation zones each could receive $1 million for business park infrastructure. The north Richland area of the Tri-Cities known as the Research District may be considered for an innovation zone. The Research District contains 85 businesses and other organizations and employs 8,000. Reports from a consultant last year recommending how to market and operate the Research District are available on the Port of Benton website. Contact Deanna Smith at (509) 735-1000.
Communication tips online ~ ~
Materials on "Communicating Your Company's Message for Growth and Success" are online now, with slides and a Tri-City Herald article. The materials are based on a talk by Michael Hartwig, Chief Operating Officer of Advanced Imaging Technolgies, at a Three Rivers Entrepreneur Network meeting in Richland on March 20.
Flight info on the web ~ ~
Now, you can go online to get real-time information about arrival and departure of flights at the Tri-Cities Airport. This should reduce the need to call airlines' toll-free numbers about flight times. Each airline enters its own information.
Small business has a friend at L&I ~ ~
Small business owners and managers now have a contact person at the Washington State Department of Labor and Industries. Ron Langley answers questions and helps solve problems about workers' compensation insurance, workplace safety rules, wage and hour regulations, contractor registration, and business with L&I. Langley takes about 300 calls annually for small businesses, and he also speaks to business groups at their locations. He publishes an e-newsletter of tips and L&I news. See a sample. Contact Ron Langley at (360) 902-4205.
Tax tips ~ ~
The Internal Revenue Service has started a weekly news service for small business owners and the self-employed, called E-News for Small Businesses. Subscribers receive an e-mail every Wednesday about upcoming tax dates, reminders, and tips. Subscribe.
Last chance to nominate a business ~ ~
Nominations are due April 13 for the annual Mid-Columbia Small Business of the Year Awards presented by the Three Rivers Alliance of Chambers. The awards are presented to small businesses in Benton and Franklin Counties (fewer than 60 full-time employees, locally owned and operated, and for-profit) that demonstrate honesty, fairness, ethical business practices, and concern for employees and customers. Apply by Friday, April 13, at 5 pm. Get nomination forms from any local Chamber of Commerce or by contacting Tracy Hill at (509) 967-1063.
Need money? ~ ~
Proposals are due April 26 for Washington Technology Center's Research and Technology Development Awards grants. A Washington State university or nonprofit research partner teaming with a commercial company can receive up to $100,000. The company must match a minimum of 20% of the grant. Winners are announced in June; projects begin July 1. See the website for the application criteria. Find proposal materials online. Contact Russell Paez at (206) 616-3102.
Richland Economic Development Committee seeks citizen member ~ ~
The Richland City Council invites citizens who are employed in, or recently retired from professional services to apply for Position #6 on the Richland Economic Development Committee. Committee members form goals, strategies, and policies to achieve Richland's economic development goals. Applicants can live in a city other than Richland if they work in Richland. The unpaid, three-year term begins immediately. The committee meets on the second Monday of each month at 4 pm at City Hall; attendance at other meetings is sometimes required as well. The deadline to apply is April 13, 2007. More information . . . Download an application (click on "Applications") or get one from the Richland City Clerk at 975 George Washington Way. Contact Gary Ballew at (509) 942-7763.
Quality and customer satisfaction ~ ~
APRIL 3, RESERVE BY APRIL 2. The April 3 meeting of the American Society for Quality, Section 614, features Dennis Cresswell, General Manager of Citizen Multimedia Newspapers and Managing Editor of the "Tri City Citizen." He'll discuss how Citizen Multimedia Newspapers determines community needs; measures customer satisfaction; develops and maintains effective internal communications, teamwork, and quality control; and prepares for future challenges. The meeting will be held at the Shilo Inn at 50 Comstock in Richland. The cost is $17 for ASQ members and $20 for non-members, which includes a buffet dinner and a networking/social hour beginning at 5:30 pm. Tickets to attend the presentation only are $5. Make reservations by April 2 by contacting Steve Prevette at (509) 373-9371 with your name, phone number, member status, and type of reservation.
Is your business controlling you? ~ ~
APRIL 4 AND 11. The Entrepreneurs Forum of the Great Northwest presents Real World 101: How to Keep Your Business from Running You. John Coleman, President and Founder of Cobalt Cable, will share lessons learned and describe business management tools, including new skills in management and creative problem-solving. The presentation is free and open to anyone with an interest in business startups and growth companies, including entrepreneurs, investors, business owners, professional service providers, and college students. Sessions IV and V will be held April 4 and April 11 from 5 to 7 pm at Sirti, 665 N. Riverpoint Blvd., Spokane. More information . . . Contact Christopher Kelly at (509) 483-2320.
TRIDEC Luncheon with Rob McKenna ~ ~
APRIL 5, DISCOUNT BY APRIL 2. The Tri-City Development Council will hold a member luncheon with guest speaker Washington Attorney General Rob McKenna on April 5 at the Richland Red Lion Hotel. Check-in and networking is at 11:30 am with lunch from noon to 1 pm. Cost to attend for TRIDEC members is $20 person if you RSVP by April 2, and $25 thereafter. Nonmembers pay $25. Register by April 2 by contacting Suanne Burton at (509) 735-1000.
SBIR grant workshops ~ ~
APRIL 10, 11, and 12; REGISTER BY APRIL 6. The Oregon Small Business Development Center Network is holding full-day workshops in three cities to give businesses tips to successfully compete for Small Business Innovation Research Program grants. The workshops will be held on April 10 at the Portland Community College's Rock Creek Campus Event Center, April 11 in Eugene at the Downtown Athletic Club, and April 12 in Bend at the Central Oregon Community College. All workshops are scheduled from 7:45 am to 4:30 pm. The Greenwood Consulting Group, Inc. will present and provide a follow-up critique of draft proposals at no additional cost. Workshop cost is $100 and limited to 50 participants at each location. Training materials and lunch are included. See registration and details. Contact Lisa Wald at (541) 463-5250.
Industry collaboration with WSU ~ ~
APRIL 10. The Washington Technology Center and Washington State University are co-hosting Discover WSU—Science and Industry Collaboration, highlighting the innovative collaborations between WSU researchers and Washington companies in the areas of Life Sciences, Advanced Materials, and Computing and Electronics. This event provides WSU researchers and companies with a venue to network, present their innovations, and discover new opportunities for working together. The event will be held at the Beasley Coliseum Concourse on the WSU campus in Pullman from 8 am to 3 pm. Admission is $30 and includes breakfast and lunch. To present a poster or display for the event, contact Pam Kelley at (509) 335-3669. More information and registration . . . Contact Russell Paez at (206) 616-3102.
2007 Washington Technology Summit ~ ~
APRIL 12. "Succeeding in a Global Economy" is the theme for the 2007 Washington Technology Center summit to be held April 12 from 7 am to 6 pm at the Meydenbauer Center in Bellevue, Washington. Leaders from across the state will discuss the opportunities, challenges, and trends in four key growth industries: energy, life sciences, nanotechnology, and wireless and telecommunications. Tri-Cities presenters will include Apollo, Pacific Northwest National Laboratory, InnovaTek, IsoRay Medical, Surgical Implant Generation Network, and Energy Northwest. Registration is $199. Contact Gayle Morrison at (425) 802-7034. Register online.
Early Stage Investment Forum ~ ~
APRIL 19; DISCOUNTED INVESTOR REGISTRATION THROUGH APRIL 5. Accredited investors are invited to hear pitches from 33 selected early-stage companies from Washington, Oregon, and Alaska at the Northwest Entrepreneur Network's seventh annual Early Stage Investment Forum. It's April 19 at the Washington State Convention and Trade Center in Seattle. Investors pay $295 through April 5 and $345 thereafter. Accredited investors registration. More information . . . Contact Cynthia Chirot at (425) 564-5700.
Seminars for small businesses ~ ~
The Columbia Basin College Small Business Development Center offers the following workshops in April, from 6 to 9 pm. Fees range from $25 to $40, with a $10 late fee if you pay fewer than 48 hours before the scheduled course date. Classes are held at CBC in Pasco. To register, or to learn about these and other courses in the series. More information . . . Contact Daphne Larios at (509) 547-0511, ext. 3138.
April 2 - Quickbooks Pro II (CBC, W-165)
April 10 - Starting Your Business: Questions You Were Afraid to Ask (1600 North 20th Ave, Suite A)
April 16 - Introduction to Quickbooks Pro (CBC, W-165)
April 18 - Money Management for Your Business (1600 North 20th Ave, Suite A)
April 23 - Quickbooks Pro I (CBC, W-165)
April 24 - Employee Performance Maximized (1600 North 20th Ave, Suite A)
April 26 - IRS #1 - Setting up for IRS, Choosing the Right Identity (1600 North 20th Ave, Suite A)
April 30 - Quickbooks Pro II (CBC, W-165)
May 1 - Marketing: Your Key to Success (1600 North 20th Ave, Suite A)
2007 Venture Capital Forum ~ ~
MAY 10. Connect Northwest will present the 2007 Venture Capital Forum in Spokane in May. This event will feature investors and entrepreneurs sharing their perspectives on what motivates them to invest in a company, the effects their investments have had on the region, and the process of obtaining venture capital funding. The keynote speaker is Eric Kaufmann, Senior Vice President of In-Q-Tel, a venture firm specializing in technologies for the CIA and the intelligence community. The event is May 10, 5:30 pm at the Davenport Hotel in Spokane, Marie Antoinette Room. Registration is $60. Seating is limited and filling fast. Register and more Information . . . Contact Sinead Harris-Jones at (509) 358-2110.
Growing your business ~ ~
MAY 17, DISCOUNT UNTIL APRIL 30. Noted business consultants and speakers Pat and Paul Frishkoff will speak on "Growing Your Business . . . Growing Your Community" on May 17 at 1:30 pm. The Frishkoffs specialize in succession planning, communications, governance, and harmonious day-to-day operations of privately owned businesses; past clients have included Harley-Davidson and Anheuser-Busch Companies. The Frishkoffs will discuss growth and communication strategies, ways to put tricky issues on the table, evaluating a business's future, and making business decisions. The Frishkoffs, who also will speak at the Mid-Columbia Small Business of the Year Awards Banquet the same evening, hold doctorate degrees and are certified by the Family Firm Institute in Family Business Advising. The afternoon seminar is May 17, 1:30 - 3:30 pm at the Three Rivers Convention Center. Registration is $35 by April 30 and $50 thereafter. Space is limited, and no-shows will be billed. To register, contact Tracy Hill at (509) 967-1063.
Steve Ballmer speaks ~ ~
MAY 31, DISCOUNT BY APRIL 30. The Technology Alliance's 2007 State of Technology Luncheon is May 31 at the Washington State Convention Center in Seattle, featuring a keynote conversation with Steve Ballmer, Microsoft CEO. More than 1,000 business, research, government, and community leaders come together at the annual luncheon to celebrate Washington's progress in building a vibrant technology-based economy. Networking and registration begin at 11 am, and the luncheon program is 11:45 am to 1:30 pm. Sponsor packages with reserved seating are available; individual tickets are $95 if purchased by April 30, and $105 thereafter. Visit the Technology Alliance Website for more information or to register online.
- Funding sources for small businesses
- Directory of resources for Mid-Columbia entrepreneurs and small businesses
- Technology Business Directory of Benton and Franklin Counties
- Tech Job Connection for the Mid-Columbia area of Eastern Washington and Oregon
- Technology assistance for small businesses
- SBIR Alerting Service
- Tri-Cities, Washington Innovation and Technology Index (2004)
- PNNL facilities available for private use
- Washington Manufacturing Services provides services to manufacturers to make them more competitive and profitable
We invite your contributions! We will consider items that fit the mission of this publication, including your tech-related news, awards, and notices of upcoming events. Please send text to Andrea McMakin at firstname.lastname@example.org or call (509) 372-6013.
Tri-Cities Tech Business Update is published by the Economic Development Office at Pacific Northwest National Laboratory. Each month, we send you an e-mail message, giving you the link of news, tips, awards, upcoming events, and other information about local technology-based businesses and organizations that support them. With business and community partners, our goal is to build and diversify the Tri-Cities economy—adding skilled jobs in primary-sector industries that bring in outside dollars. Currently, more than 1,100 tech-related businesses, investors, and economic development stakeholders subscribe to the newsletter, mostly in the Mid-Columbia area and the rest of the Pacific Northwest. This newsletter (RL-P00-009) supports DOE-Richland's vision for the future of the Hanford Site and surrounding area through the creation of research opportunities, new industries, and new business clusters