425 Business

1 week ago | 425business.com | John Stearns

A grand opening is planned Saturday for a new affordable-housing project in Renton that will include tours, activities for children, food trucks, and entertainment between 2-6 p.m.The Astra, a 275-unit apartment complex at 2955 NE 11th St., was built through public and private interests working together to fund to the roughly $115 million project for working households.

1 week ago | 425business.com | John Stearns

Space startup Portal Space Systems plans to expand its manufacturing facility and workforce in Bothell, according to an announcement Tuesday during a press conference at the Washington state exhibit that's part of the 2025 Paris Air Show in Le Bourget, France. The news was shared by the company and Washington State Department of Commerce Director Joe Nguyễn.

1 week ago | 425business.com | John Stearns

Small and middle-market businesses across the United States report measured optimism about the direction of the economy and their 12-month prospects for growth compared to a year ago, despite a mixed outlook over the economic headwinds, including the potential impact of global tariffs, according to Umpqua Bank's 2025 Business Barometer findings released Tuesday.

1 week ago | 425business.com | Blake Peterson

Seattle's Verity Credit Union this week announced that it awarded a total of $32,500 in microgrants to a sextet of area nonprofits. Chosen from a pool of more than 100 applications, this year's recipients were the Washington State Coalition of African Community Leaders , Washington United Migrant , the Not Forgotten Foundation , the Rainier Avenue Business Coalition , the Village Life Project , and Independent Achievements for Minority Youth .

1 week ago | 425business.com | Antoinette Alexander

Social-media giant TikTok has opened a new office at the Key Center building in Bellevue, according to theDaily Journal of Commerce. In February, the company moved into the 40,000-square-foot office space, which the article described as "an immersive, nature-inspired space that redefines the modern workplace." Gensler designed the space, which includes various workspaces, meeting rooms, and amenities such as a wellness room and library-inspired coffee lounge.