Does Seattle know how to grow?
Youâ€™d think so, with all those construction cranes back and so many mega-projects underway. Weâ€™re about to get expanded light rail, a new waterfront, a massive downtown tunnel, a super-sized 520 bridge, and a Mercer Mess that has been tidied up after 50 years of complaining. Growth would seem to be the least of our problems.
But there are some who think these endeavors are not enough. We could do more, do it bigger, do it better and, they believe, we had better get to it because weâ€™re facing big economic challenges. Boeing, for example, has become a constant worry. The company is doing a slow retreat from Puget Sound, and keeping key parts of Boeing’s work here is getting increasingly expensive for taxpayers. Some $9 billion in new tax breaks have been offered to keep 777X work here. Even so, without a major transportation package and with major union concessions just voted down, Boeing is looking for a better deal elsewhere.
Another foundation of our economy is showing signs of change, and age. Microsoft has reached maturity and experienced enough marketplace failures (Vista, Zune, Surface) that a major management shift is underway. Weâ€™ve grown accustomed to Redmond being a perennial powerhouse and millionaire-generator in the Gates-Ballmer era, but will that roll continue?
Seattle sees itself as a special incubator of the next big commercial success â€” and the new Bezos family-funded â€œCenter for Innovationâ€ at the Museum of History and Industry that opened this fall is a shrine to this self-image. Weâ€™ve scored with Starbucks, Nordstrom, Costco and Amazon, for example. But in the tech sector thereâ€™s some thought that we havenâ€™t reached our silicon potential, that we’re over-due for a new major success a la Google or Facebook.
Sure, weâ€™re a pretty good place for start-ups, but Seattle tech booster Chris DeVore recently wrotethat while Seattle is pretty good at launching companies, â€œItâ€™s been a long time since a new Seattle-based company produced a huge windfall.â€ He means a company, like Microsoft or Amazon, that lifted employees and investors by generating lots of wealth. â€œIf I had to put my finger on the one thing we could do to improve our weak â€˜startup rate,â€™ it would be to produce more explosive wins in Seattleâ€¦â€ he wrote. That would benefit start-ups and companies all up and down the food chain and generate money to invest in new ventures. Apparently, the tech sector needs a new blockbuster.
Another voice encouraging Seattle and Washington to take it to the next level is Microsoft executive vice president and general counsel Brad Smith. In October, he addressed the Greater Seattle Chamber of Commerceâ€™s annual Leadership Conference, an appropriate place for business leaders to inspire the team with a growth-oriented Gipper speech. I also had a chance to talk with him afterwards. In his speech, he said â€œ[I]f there is a moment in time when we can come together and focus on raising our ambition, I think that moment is now.â€ With the state recovering economically, with greater global competition ahead (China, Brazil, South Carolinaâ€¦), and with so much potential here, we need to get going, and set our sights higher.
To that end, his Gipper â€” or maybe "Skipper" â€” speech cited a nautical example. It was inspirational achievement of the University of Washington rowing crew who beat the odds to win a gold medal in 1936. These were local boys who had to raise their own money during the Depression to go to Germany, who had to race under rules that favored Hitlerâ€™s rowing team, and who took on the task of making America proud at the Naziâ€™s infamous Olympic Games. â€œItâ€™s a reminder of what nine young men from humble background could achieve when they reached beyond themselves and worked as a team,â€ he said.