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BUSINESS & ECONOMIC FORUM




 THE REGIONAL ECONOMIC OUTLOOK


         FEBRUARY 4TH - 2010
CONTENTS


▪   Welcome

▪   Agenda

▪   The Moderator

▪   The Panelists

▪   Forum Participants

▪   Background Information - Economic Reference Data

▪   Background Information - Eagle Scouts of Western Washington

▪   Event Credits


                                                                  1
WELCOME

 Fellow Eagle Scouts,
 Thank you for choosing to join us for the first-ever Eagle Scout Business & Economic Forum! We are excited
 to offer this event and reconnect with you, and we are confident that you will find today’s discussion enjoyable,
 informative, and helpful.
 As Eagle Scouts, you know first-hand that Scouting generates a wealth of positive benefits to America’s youth,
 as well as to both society and commerce at large. In Washington State alone, every year Scouting reaches
 nearly 75,000 youth and delivers over 480,000 hours of community service. Nationally, Scouting has an
 unmatched track record in youth development and has – since 1910 – cultivated in our country’s youth a refined
 sense of purpose, a dedication to civic virtue, and a positive “can do” attitude. Every year, thousands of Eagle
 Scouts join business, government, and the military with both a broad palette of skills and a dedication to
 honesty, loyalty, and all the other values which Scouting helps to instill and upon which the success of our
 nation and our economy depend.
 Still, there is much more work to be done. Today, as Scouting celebrates 100 years in the United States, we
 invite you to reengage with Scouting and invest your energy and goodwill in a program which has (and will)
 prepare the youth of today for the challenges of tomorrow. Just as business must evolve and retool to stay
 competitive, Scouting requires fresh infusions of ideas, sweat equity, and capital in order to prosper. We hope
 that you, the Eagle Scouts of Western Washington, are prepared to meet this challenge and help define the next
 100 years of Scouting in America.
 Yours in Scouting,


 Matt Barton                   Robert Haynie                  Pat Craven                    Gavin Woody
 Eagle Class 1993              Eagle Class 1967               Eagle Class 1976              Eagle Class 1995




                                                                                                                     2
AGENDA



 0700    Registration

 0730    Begin breakfast & program

 0730    Flag salute, announcements, ice-breaker

 0745    Panel discussion
         moderated by Rob McKenna, featuring Brad Tilden, Miller Adams, & Fred Grimm


 0855    Concluding remarks

 0900    Adjourn




                                                                                       3
THE MODERATOR
              Rob McKenna is serving his second term as Washington's 17th Attorney General. As the state's chief
              legal officer, he directs 500 attorneys and nearly 700 professional staff providing legal services to state
              agencies, boards and commissions.
              Under AG McKenna’s leadership, the Office of the Attorney General was the first state agency to
              implement a performance management plan that rewards high-performing employees who achieve
              rigorous goals. He has also updated the state’s public records law and developed model rules for public
              disclosure and electronic records. McKenna has argued and won two cases before the United States
              Supreme Court, defending initiatives passed by Washington citizens on campaign reform and the top-
Rob McKenna   two primary. During his tenure as attorney general, AG McKenna has won numerous honors on both
              the state and national levels, including the Distinguished Eagle Award from the Boy Scouts of America.
              McKenna received his J.D. from the University of Chicago Law School in 1988, where he was a
              member of the Law Review. He earned a B.A. in Economics and a B.A. in International Studies, both
              with honors, from the University of Washington. McKenna was student body president at the U.W. and
              graduated Phi Beta Kappa. He has been an attorney for 20 years since beginning his career in 1988 at
              the Bellevue office of Perkins Coie, one of the nation's top 50 law firms. He practiced business and
              regulatory law at Perkins Coie from June 1988 to January 1996.
              In 1995, McKenna was elected to the Metropolitan King County Council. He was re-elected twice
              without opposition and was twice rated "Outstanding" by the Municipal League.
              A committed community leader, McKenna has strongly supported both the Eastside Domestic Violence
              Program and the Bellevue Schools Foundation. McKenna serves as a board member of the Chief Seattle
              Council of the Boy Scouts of America and as president of the Bellevue Community College
              Foundation.




                                                                                                                   4
THE PANELISTS
               Brad Tilden is the President of Alaska Airlines. Previously, Tilden served as Alaska Air Group’s chief financial officer and
               executive vice president of finance, leading the Finance, Information Technology, Planning, Revenue Management and
               Corporate Real Estate organizations. Before joining Alaska in 1991, he spent eight years with the accounting firm Price
               Waterhouse. Tilden earned a bachelor’s degree in business administration from Pacific Lutheran University and an executive
               master’s degree in business administration from the University of Washington. He also holds a private pilot’s license. Tilden
               serves on the boards of Pacific Lutheran University and the Chief Seattle Council of the Boy Scouts of America. He is also a
               regular guest speaker in University of Washington business school classes. A resident of Issaquah, Tilden is married and has
               three children. Introduced to aviation early in life, he grew up a few miles from Seattle-Tacoma International Airport, where
               he watched Alaska Airlines’ aircraft take off and land. In addition to enjoying time with his family, he is a dedicated cyclist.
Brad Tilden

               Miller Adams is General Counsel and Executive Vice President for Corporate Affairs at Integral Systems. He recently joined
               Integral after many years at The Boeing Company where he was responsible for creating and managing a global R&D and
               technology strategy at the company's Phantom Works. Miller is a member of the Washington State, National, and American
               Bar Associations and is active in various civic organizations including the Board of Trustees of the Church Divinity School of
               the Pacific, The Rainier Club, the Scoutreach Foundation, and the Philmont Ranch Committee, a national committee of the
               Boy Scouts of America. Miller has received various honors and awards during his career including the Chairman's Award at
               the Black Engineer of the Year Conference. He is a graduate of Seattle University and earned his JD at The University of
               Puget Sound School of Law (now the Seattle University School of Law).


Miller Adams

               Fred Grimm is the Chief Executive Officer of Triad Development. Since starting the company in 1984, Mr. Grimm has
               overseen the daily operations of Triad and the development of over $1 Billion in commercial real estate. Outside of Triad, Mr.
               Grimm shares his years of development experience as a frequently requested public speaker. Mr. Grimm graduated with
               honors (Order of the Coif) from the University of Washington School of Law in 1981 and holds a BA in Business
               Administration from the University of Puget Sound where he graduated Magna Cum Laude. Mr. Grimm is very engaged in
               the community and serves on boards of several local charities and non-profit organizations. He has a particular focus on
               education (Trustee for the University of Puget Sound; creator of a college scholarship program funded by the Fred and
               Margaret Grimm Foundation) and youth (Boy Scouts of America; Metrocenter/YMCA). Mr. Grimm lives in Seattle with his
               wife and two daughters and spends much of his free time coaching their soccer and basketball teams.
Fred Grimm

                                                                                                                                       5
FORUM PARTICIPANTS* (1 of 3)
Miller Adams                                                     Alex Bean                                                           Patrick DeLangis
Integral Systems (Aerospace & Defense)                           KIRO TV (Broadcast Television)                                      Matson, Driscoll & Damico (Accounting)
Eagle Class of 1965                                              Eagle Class of 2001                                                 Eagle Class of 1994
Seattle, Washington                                              Redmond, Washington                                                 Lomita, California


Jon Anderton                                                     Don Black                                                           Eric Drivdahl
Merrill Lynch (Financial Services)                               Ogden Murphy Wallace (Law Firm)                                     Gelotte Hommas (Architecture)
Eagle Class of 1993                                              Eagle Class of 1982                                                 Eagle Class of 1989
Seattle, Washington                                              Yakima, Washington                                                  Kent, Washington


James Bach                                                       Scott Champion                                                      Chris Griffes
CBRE (Real Estate)                                               ING Direct (Banking & Finance)                                      KMD Architects (Architecture)
Eagle Class of 1992                                              Eagle Class of 1998                                                 Eagle Class of 1972
Bellevue, Washington                                             Kenmore, Washington                                                 Warner Robins, Georgia


Dan Baldwin                                                      Colin Chapman                                                       Fred Grimm
Quantum (Information Technology)                                 Clariture (Custom Software Development)                             Triad Development (Real Estate)
Eagle Class of 1994                                              Eagle Class of 1984                                                 Eagle Class of 1973
Fallon, Nevada                                                   Bellevue, Washington                                                Seattle, Washington


Matt Barton                                                      John Courtright                                                     Mark Haller
GCW Consulting (Aviation / Consulting)                           SIE (Aerospace Engineering)                                         Tri-Tec Manufacturing (Defense Industry)
Eagle Class of 1993                                              Eagle Class of 1964                                                 Eagle Class of 1968
Bakersfield, California                                          Elk Grove, Illinois                                                 Port Townsend, Washington


Chris Bean                                                       Patrick Craven                                                      Scott Hawley
Private Advisory Group (Wealth Management)                       Chief Seattle Council (Youth Development)                           Keller Williams (Real Estate & IT)
Eagle Class of 1992                                              Eagle Class of 1976                                                 Eagle Class of 1993
Redmond, Washington                                              Cincinnati, Ohio                                                    Raytown, Missouri



*NOTE: Participants listed in alphabetical order by last name. Profile data (including date and location of Eagle award) provided individually by each participant.       6
FORUM PARTICIPANTS* (2 of 3)
Robert Haynie                                                    Steven Jones                                                        Rob McKenna
Oppenheimer & Co, Inc. (Finance)                                 Code Publishing (Legal Publishing)                                  State of Washington (Government)
Eagle Class of 1967                                              Eagle Class of 1990                                                 Eagle Class of 1979
Seattle, Washington                                              Nacogdoches, Texas                                                  Bellevue, Washington


Chris Hellstern                                                  Jon-Michael Kasten                                                  Eric Mehlum
KMD Architects (Architecture)                                    Avtech Corp (Aerospace)                                             Quantum (Finance)
Eagle Class of 1999                                              Eagle Class of 1995                                                 Eagle Class of 1994
Ennis, Texas                                                     Issaquah, Washington                                                Issaquah, Washington


Michael Hendrickson                                              Jeffrey Laurence                                                    Christopher Myers
StoneBridge Securities (Finance)                                 Symetra Financial (Insurance)                                       Moss Adams LLP (Accounting)
Eagle Class of 1960                                              Eagle Class of 1979                                                 Eagle Class of 1967
Anaconda, Montana                                                Thousand Oaks, California                                           Wichita, Kansas


Brad Holt                                                        Paul Leonard                                                        Ken Ohnemus
Coinstar (Consumer Services)                                     Carbon Design Group (Product Design)                                Red Moon Interactive (Software / Internet)
Eagle Class of 1982                                              Eagle Class of 1981                                                 Eagle Class of 1979
Great Falls, Montana                                             Bothell, Washington                                                 Quincy, Illinois


Craig Husa                                                       Ray Makela                                                          Jared Plank
NeuralIQ (Network Security)                                      Vo2 Performance Center (Fitness)                                    MLA Engineering (Structural Engineer)
Eagle Class of 1977                                              Eagle Class of 1982                                                 Eagle Class of 1994
Spokane, Washington                                              Seattle, Washington                                                 Rochester, Washington


David Isaac                                                      Kevin McFarland                                                     Alan Pratt
Edward Jones Investments (Finance)                               Seattle Pacific University (Student)                                Pratt Legacy Advisors (Estate Planning)
Eagle Class of 1988                                              Eagle Class of 2006                                                 Eagle Class of 1970
Columbia, South Carolina                                         Bellevue, Washington                                                Bellevue, Washington



*NOTE: Participants listed in alphabetical order by last name. Profile data (including date and location of Eagle award) provided individually by each participant.      7
FORUM PARTICIPANTS* (3 of 3)
John Raffetto                                                    Mark Steelquist                                                     Brian Weaver
Raffetto Herman Communications (PR)                              Cascade Leadership Challenge                                        Federal Reserve Bank (Finance)
Eagle Class of 1986                                              (Youth Development)                                                 Eagle Class of 1988
Yorktown, Virginia                                               Eagle Class of 1975                                                 Seattle, Washington
                                                                 Burien, Washington
Greg Riggs                                                       Chris Strasbourg                                                    Gary Whitsell
Riggs Wealth Management (Investments)                            Winged Stitches Embroidery (Clothing)                               Miller Rieke Whitsell and Co. (CPA)
Eagle Class of 1971                                              Eagle Class of 1970                                                 Eagle Class of 1966
Bothell, Washington                                              North Augusta, South Carolina                                       Seattle, Washington


Aaron Ruckman                                                    Brad Tilden                                                         Robert Wiley III
Microsoft (Software)                                             Alaska Airlines (Transportation)                                    VIE Communication (Marketing / Branding)
Eagle Class of 1988                                              Eagle Class of 1976                                                 Eagle Class of 1970
Sandy, Utah                                                      Burien, Washington                                                  Mercer Island, Washington


Eric Seeb                                                        Andrew Van Winkle                                                   Gavin Woody
Army National Guard (Government)                                 University of Washington (Law Student)                              McKinsey & Company (Consulting)
Eagle Class of 1999                                              Eagle Class of 2006                                                 Eagle Class of 1995
Anchorage, Alaska                                                Spokane, Washington                                                 Bakersfield, California


Ken Sethney                                                      Charles Van Winkle
Ken Sethney (Executive Coaching)                                 Adobe Systems (Computer Software)
Eagle Class of 1966                                              Eagle Class of 2001
Bremerton, Washington                                            Spokane, Washington


Cameron Shearon                                                  Dale Washburn
AT&T (Telecommunications)                                        Washburn Communication (Marketing)
Eagle Class of 1984                                              Eagle Class of 1984
Raleigh, North Carolina                                          Richland, Washington



*NOTE: Participants listed in alphabetical order by last name. Profile data (including date and location of Eagle award) provided individually by each participant.        8
BACKGROUND INFORMATION

ECONOMIC REFERENCE DATA




                           9
WASHINGTON’S ECONOMY GREW AS THE RECESSION BEGAN




SOURCE: Bureau of Economic Analysis, US Department of Commerce   10
NATIONAL ECONOMIC GROWTH ACCELERATED IN 2009
           Real Gross Domestic Product (seasonally adjusted), change from preceding period
           Percent
       8

       6

       4

       2

       0

      -2
                              Early 90’s                    Dot-com
      -4                      recessionary                  bubble/bust
                              period
      -6

      -8
           89   90   91     92    93    94    95    96    97     98   99   00   01    02    03   04    05    06    07     08   09



                     “The acceleration in real GDP in the fourth quarter of 2009 primarily reflected an acceleration in
                     private inventory investment, a deceleration in imports, and an upturn in nonresidential fixed
                     investment that were partly offset by decelerations in federal government spending and in personal
                     consumption expenditures”
                          -BEA news release, 29 Jan 10




SOURCE: Bureau of Economic Analysis, US Department of Commerce                                                                 11
UNEMPLOYMENT AT THE HIGHEST RATE IN TWENTY YEARS
           Unemployment rate, seasonally adjusted
           Percent
    10.5

    10.0                                                                                             Unemployment
                                                                                                                                   US
                                                                                                     as of Dec ‘09
     9.5                                                                                             Percent                       WA

     9.0                                                                                             US       10.0
                                                                                                     WA          9.5
     8.5

     8.0

     7.5

     7.0

     6.5

     6.0

     5.5

     5.0

     4.5

     4.0

     3.5
       1989 90         91    92     93    94     95    96    97   98   99   00   01   02   03   04     05   06     07   08   09

SOURCE: Bureau of Labor Statistics, US Department of Labor                                                                    12
WASHINGTON UNEMPLOYMENT: 20TH HIGHEST IN THE U.S.
          Percent
                  Michigan                                                 14.6   New York                     9.0
                  Nevada                                                13.0      Connecticut                 8.9
                  Rhode Island                                          12.9      Pennsylvania                8.9
                  South Carolina                                       12.6       Alaska                      8.8
                  California                                           12.4       Wisconsin                   8.7
                  District of Columbia                                12.1        Maine                      8.3
                  Florida                                            11.8         New Mexico                 8.3
                  North Carolina                                    11.2          Texas                      8.3
                  Illinois                                          11.1          Arkansas                  7.7
                  Alabama                                          11.0           Colorado                 7.5
                                                                                  Louisiana                7.5
                  Oregon                                           11.0
                                                                                  Maryland                 7.5
                  Ohio                                             10.9
                                                                                  Wyoming                  7.5
                  Tennessee                                        10.9
                                                                                  Minnesota                7.4
                  Kentucky                                         10.7
                                                                                  New Hampshire           7.0
                  Mississippi                                      10.6
                                                                                  Hawaii                 6.9
                  Georgia                                         10.3            Vermont                6.9
                  New Jersey                                      10.1            Virginia               6.9
                  Indiana                                        9.9              Montana                6.7
                  Missouri                                       9.6              Utah                   6.7
                  Washington                                    9.5               Iowa                   6.6
                  Massachusetts                                 9.4               Kansas                 6.6
                  Arizona                                      9.1                Oklahoma               6.6
                  Idaho                                        9.1                Nebraska         4.7
                  West Virginia                                9.1                South Dakota     4.7
                  Delaware                                     9.0                North Dakota    4.4

SOURCE: Bureau of Labor Statistics, US Department of Labor, as of December 2009                                      13
WASHINGTON UNEMPLOYMENT BY AREA
                   Unemployment by MSA1, not seasonally adjusted
                   Percent

                   Longview (Cowlitz)                                                                                     13.3
                   Yakima                                                                                          11.0
                   Mt. Vernon-Anacortes (Skagit)                                                                   10.8
                   Tacoma Metropolitan Division                                                              9.5
                   Wenatchee                                                                                 9.4
                   Spokane                                                                                   9.3
                   Seattle-Bellevue-Everett Metro Division                                                  9.0
                   Bellingham                                                                          8.3
                   Kennewick-Pasco-Richland                                                           8.1
                   Bremerton                                                                         7.6
                   Olympia                                                                           7.6


                   Washington average                                                                        9.5

1 Metropolitan Statistical Area

SOURCE: Washington State Employment Security Department, Labor Market and Economic Analysis Branch                           14
WASHINGTON AEROSPACE & CONSTRUCTION EMPLOYMENT
           Employees
  220,000

  200,000

  180,000

  160,000
                                                                                                                           Construction1
  140,000

  120,000

  100,000

    80,000                                                                                                                 Aerospace2

    60,000

    40,000

    20,000
          1990 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09
1 Includes construction of buildings (residential, commercial), heavy/civil engineering, and specialty trade contractors
2 Includes aerospace product and parts manufacturing

SOURCE: Labor Market and Economic Analysis, Washington Employment Security Department                                         15
WASHINGTON OCCUPATION STATISTICS
                                                                           Estimated                     Estimated average annual growth1
                                                                           employment, 2007              2007-2012           2012-2017                         Annual wage
                                                                           Thousands                     %                   %                                 $ thousands
                Office and Administrative Support                                               490                    0.4                     1.4                     35
                Sales                                                                   352                            0.4                     1.2                      39
                Food Preparation and Serving                                         255                               0.5                    1.0                    24
                Construction and Extraction                                         231                  -1.4                                     2.1                     50
                Transportation and Material Moving                                  223                      -0.2                              1.3                     35
                Production                                                         189                    -1.2                                1.0                      38
                Education Training and Library                                     186                                   1.2                   1.4                       48
                Business and Financial Operations                                 152                                 0.6                      1.4                          66
                Healthcare Practitioners and Technical                           145                                       1.9                   1.8                         75
                Personal Care and Service                                        136                                      1.7                  1.3                    28
                Management                                                       130                                  0.5                      1.2                                    112
                Installation Maintenance and Repair                             125                                  0.1                      1.0                          47
                Building and Grounds Cleaning/Maintenance                       117                                      1.3                    1.6                   28
                Computer and Mathematical                                       111                                         2.0                    2.5                           83
                Farming, Fishing, and Forestry                                  90                                   0                     0.1                        30
                Architecture and Engineering                                    86                                       0.8                   1.2                               77
                Healthcare Support                                             79                                              2.2               1.8                  30
                Arts Design, Entertainment, Sports, and Media                  66                                        1.0                   1.4                       52
                Protective Service                                            56                                         1.0                    1.6                      48
                Community and Social Services                                 53                                           1.7                 1.3                      42
                Life Physical and Social Science                              48                                           1.6                   1.8                        66
                Legal                                                        26                                           1.4                    1.8                             83
1 Projections based on the “State Projections Workgroup” methodology, Global Insight model, and state indicators from employment projections developed by Washington State Office
  of the Forecast Council and the Office of Financial Management Forecasting Division. The results of statewide projections were adjusted in collaboration with the Office of Financial
  Management’s Forecasting Division.


SOURCE: Labor Market and Economic Analysis, Washington Employment Security Department                                                                                       16
CASE - SHILLER HOME PRICE INDEX BY METRO AREA
          Percent change, one year, Nov 08 to Nov 09

                            Dallas                                                                           1.4
                            San Francisco                                                                   1.0
                            Denver                                                                         0.5
                            San Diego                                                                      0.4
                            Wash DC                                                                 -0.6
                            Boston                                                                  -0.7
                            Cleveland                                                        -2.5
                            Los Angeles                                                    -3.5
                            Charlotte                                               -5.5
                            Atlanta                                               -6.2
                            Minneapolis                                          -6.8
                            New York                                         -7.1
                            Portland                                        -7.5
                            Chicago                                       -8.5
                            Seattle                               -10.6
                            Miami                              -12.1
                            Detroit                      -13.0
                            Tampa                        -13.2
                            Phoenix                    -14.2
                            Las Vegas       -24.5


SOURCE: Standard & Poor’s and Fiserv                                                                               17
FORECLOSURE RATES
                                                                        Foreclosures, 2009             Change from 2008
                                        Rank Metro        area2         Percent of housing units       Percent
                                              Las Vegas, NV                                     12.0                41.1
                                              Fort Myers, FL                                   11.9            4.1
                                              Merced, CA                                     10.1              1.2
                                              Riverside, CA                               8.8                   12.6
 Properties with                              Stockton, CA                                8.6          -7.5
 foreclosure filings1,
                                              Modesto, CA                                 8.5           -0.5
 national
                                              Orlando, FL                                8.2                           54.0
 Millions
                                              Phoenix, AZ                               8.0                         37.0
            +21%                              Port St. Lucie, FL                        7.6                      21.5
                                          Top Miami, FL                                7.2                           43.5
                    2.8                    20 Vallejo, CA                              7.1                      10.1
      2.3                                     Bakersfield, CA                          7.1                       18.3
                                              Naples, FL                             6.4                           31.2
                                              Reno, NV                               6.2                                62.2      Portland and
                                              Sacramento, CA                        5.6                         14.0              Seattle have 4x
                                              Daytona Beach, FL                    5.3                                49.3        and 2x the rate
                                                                                                                                  of change,
                                              Sarasota, FL                         5.3                           18.8
     2008          2009                                                                                                           respectively, of
                                              Lakeland, FL                         5.2                              40.5
                                                                                                                                  the national
                                              Fresno, CA                          4.9                            19.1
                                                                                                                                  average
                                              Salinas, CA                         4.8                          4.8
                                           61      Portland, OR             2.3                                            87.4
                                           86     Seattle, WA              1.6                                      43.2
                                                  National average          2.2                                  21.2
1 Includes default notices, scheduled auctions and bank repossessions
2 Out of 203 total metro areas

SOURCE: RealtyTrac press release, 28 Jan 2010                                                                                            18
BACKGROUND INFORMATION

EAGLE SCOUTS OF WESTERN WASHINGTON




                                     19
GROUP OVERVIEW

 Eagle Scouts of Western Washington is a new service and networking organization
 created for Eagle Scouts from - or residing in - western Washington State
 Officially launched in March of 2009, as a joint venture between private volunteers
 and the Chief Seattle Council of BSA
 We hope to re-engage Eagle Scouts of all ages, as a resource for each other, for
 Scouting, for the community, and for the Nation
 Currently we have over 650 members – but there are more than 20,000 Eagle Scouts
 in the Seattle area, and even more when Everett and Tacoma are included
 Our current focus is on identifying leaders, building momentum to sustain the group,
 and providing opportunities for members to network, have fun, and engage in
 community service
 We are a diverse group of people, with wide-ranging interests and professional
 backgrounds, but united by a history in Scouting and an interest in working
 proactively with other Eagles




                                                                                        20
GROUP MEMBERS – OCCUPATIONAL DISTRIBUTION



                                   All Other Industries
                                          40%
Roughly 2% Each
 Military
 Law Practice
 Nonprofit
 Aviation & Aerospace
 Health Care                                          Computer Software
 Architecture                                              18%
 Consulting




       Roughly 3% Each
         Telecommunications                                   Information
         Financial Services                               Technology & Services
         Accounting                                               9%
                                         Internet
         Marketing / Advertising           4%
         Real Estate



                                                                                  21
GROUP MEMBERS – GEOGRAPHIC DISTRIBUTION




                          Within 10 miles of Seattle = 48%
                          Within 25 miles of Seattle = 91%
                          Within 35 miles of Seattle = 93%
                          Within 50 miles of Seattle = 94%

                          Currently, half of ESWW’s membership
                          lives within 10 miles of Seattle – this
                          represents an opportunity to expand
                          outward and link up with Eagles in the
                          rest of Western Washington




                                                               22
GROWTH PLAN




              23
EVENT CREDITS
This forum would not have been possible without generous contributions of time and
resources provided by our supporters. In particular, we would like to thank:
▪Rob McKenna, Brad Tilden, Miller Adams, and Fred Grimm – all of whom
unflinchingly volunteered to participate in this event without knowing whether it would be a
success or a flop…
▪Scott Klein and Jonathan Vanderveen – our webmasters and online gurus, who managed
the booking process even though they knew they could not attend
▪Robert Haynie and Pat Craven – for developing the initial idea and providing key support
and advice throughout
▪Gavin Woody – for assembling this event program and distilling economic reference data
▪Chris Strasbourg – designer, maker, and donor of gift apparel
▪The staff of Chief Seattle Council – for providing ongoing support of all kinds
▪Our sponsor, GCW Consulting      - for offering financial support

If you would like to plan and organize similar events in the future, please contact us!



                                                                                          24
Eagle Economic Forum 4 Feb 2010

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Eagle Economic Forum 4 Feb 2010

  • 1. BUSINESS & ECONOMIC FORUM THE REGIONAL ECONOMIC OUTLOOK FEBRUARY 4TH - 2010
  • 2. CONTENTS ▪ Welcome ▪ Agenda ▪ The Moderator ▪ The Panelists ▪ Forum Participants ▪ Background Information - Economic Reference Data ▪ Background Information - Eagle Scouts of Western Washington ▪ Event Credits 1
  • 3. WELCOME Fellow Eagle Scouts, Thank you for choosing to join us for the first-ever Eagle Scout Business & Economic Forum! We are excited to offer this event and reconnect with you, and we are confident that you will find today’s discussion enjoyable, informative, and helpful. As Eagle Scouts, you know first-hand that Scouting generates a wealth of positive benefits to America’s youth, as well as to both society and commerce at large. In Washington State alone, every year Scouting reaches nearly 75,000 youth and delivers over 480,000 hours of community service. Nationally, Scouting has an unmatched track record in youth development and has – since 1910 – cultivated in our country’s youth a refined sense of purpose, a dedication to civic virtue, and a positive “can do” attitude. Every year, thousands of Eagle Scouts join business, government, and the military with both a broad palette of skills and a dedication to honesty, loyalty, and all the other values which Scouting helps to instill and upon which the success of our nation and our economy depend. Still, there is much more work to be done. Today, as Scouting celebrates 100 years in the United States, we invite you to reengage with Scouting and invest your energy and goodwill in a program which has (and will) prepare the youth of today for the challenges of tomorrow. Just as business must evolve and retool to stay competitive, Scouting requires fresh infusions of ideas, sweat equity, and capital in order to prosper. We hope that you, the Eagle Scouts of Western Washington, are prepared to meet this challenge and help define the next 100 years of Scouting in America. Yours in Scouting, Matt Barton Robert Haynie Pat Craven Gavin Woody Eagle Class 1993 Eagle Class 1967 Eagle Class 1976 Eagle Class 1995 2
  • 4. AGENDA 0700 Registration 0730 Begin breakfast & program 0730 Flag salute, announcements, ice-breaker 0745 Panel discussion moderated by Rob McKenna, featuring Brad Tilden, Miller Adams, & Fred Grimm 0855 Concluding remarks 0900 Adjourn 3
  • 5. THE MODERATOR Rob McKenna is serving his second term as Washington's 17th Attorney General. As the state's chief legal officer, he directs 500 attorneys and nearly 700 professional staff providing legal services to state agencies, boards and commissions. Under AG McKenna’s leadership, the Office of the Attorney General was the first state agency to implement a performance management plan that rewards high-performing employees who achieve rigorous goals. He has also updated the state’s public records law and developed model rules for public disclosure and electronic records. McKenna has argued and won two cases before the United States Supreme Court, defending initiatives passed by Washington citizens on campaign reform and the top- Rob McKenna two primary. During his tenure as attorney general, AG McKenna has won numerous honors on both the state and national levels, including the Distinguished Eagle Award from the Boy Scouts of America. McKenna received his J.D. from the University of Chicago Law School in 1988, where he was a member of the Law Review. He earned a B.A. in Economics and a B.A. in International Studies, both with honors, from the University of Washington. McKenna was student body president at the U.W. and graduated Phi Beta Kappa. He has been an attorney for 20 years since beginning his career in 1988 at the Bellevue office of Perkins Coie, one of the nation's top 50 law firms. He practiced business and regulatory law at Perkins Coie from June 1988 to January 1996. In 1995, McKenna was elected to the Metropolitan King County Council. He was re-elected twice without opposition and was twice rated "Outstanding" by the Municipal League. A committed community leader, McKenna has strongly supported both the Eastside Domestic Violence Program and the Bellevue Schools Foundation. McKenna serves as a board member of the Chief Seattle Council of the Boy Scouts of America and as president of the Bellevue Community College Foundation. 4
  • 6. THE PANELISTS Brad Tilden is the President of Alaska Airlines. Previously, Tilden served as Alaska Air Group’s chief financial officer and executive vice president of finance, leading the Finance, Information Technology, Planning, Revenue Management and Corporate Real Estate organizations. Before joining Alaska in 1991, he spent eight years with the accounting firm Price Waterhouse. Tilden earned a bachelor’s degree in business administration from Pacific Lutheran University and an executive master’s degree in business administration from the University of Washington. He also holds a private pilot’s license. Tilden serves on the boards of Pacific Lutheran University and the Chief Seattle Council of the Boy Scouts of America. He is also a regular guest speaker in University of Washington business school classes. A resident of Issaquah, Tilden is married and has three children. Introduced to aviation early in life, he grew up a few miles from Seattle-Tacoma International Airport, where he watched Alaska Airlines’ aircraft take off and land. In addition to enjoying time with his family, he is a dedicated cyclist. Brad Tilden Miller Adams is General Counsel and Executive Vice President for Corporate Affairs at Integral Systems. He recently joined Integral after many years at The Boeing Company where he was responsible for creating and managing a global R&D and technology strategy at the company's Phantom Works. Miller is a member of the Washington State, National, and American Bar Associations and is active in various civic organizations including the Board of Trustees of the Church Divinity School of the Pacific, The Rainier Club, the Scoutreach Foundation, and the Philmont Ranch Committee, a national committee of the Boy Scouts of America. Miller has received various honors and awards during his career including the Chairman's Award at the Black Engineer of the Year Conference. He is a graduate of Seattle University and earned his JD at The University of Puget Sound School of Law (now the Seattle University School of Law). Miller Adams Fred Grimm is the Chief Executive Officer of Triad Development. Since starting the company in 1984, Mr. Grimm has overseen the daily operations of Triad and the development of over $1 Billion in commercial real estate. Outside of Triad, Mr. Grimm shares his years of development experience as a frequently requested public speaker. Mr. Grimm graduated with honors (Order of the Coif) from the University of Washington School of Law in 1981 and holds a BA in Business Administration from the University of Puget Sound where he graduated Magna Cum Laude. Mr. Grimm is very engaged in the community and serves on boards of several local charities and non-profit organizations. He has a particular focus on education (Trustee for the University of Puget Sound; creator of a college scholarship program funded by the Fred and Margaret Grimm Foundation) and youth (Boy Scouts of America; Metrocenter/YMCA). Mr. Grimm lives in Seattle with his wife and two daughters and spends much of his free time coaching their soccer and basketball teams. Fred Grimm 5
  • 7. FORUM PARTICIPANTS* (1 of 3) Miller Adams Alex Bean Patrick DeLangis Integral Systems (Aerospace & Defense) KIRO TV (Broadcast Television) Matson, Driscoll & Damico (Accounting) Eagle Class of 1965 Eagle Class of 2001 Eagle Class of 1994 Seattle, Washington Redmond, Washington Lomita, California Jon Anderton Don Black Eric Drivdahl Merrill Lynch (Financial Services) Ogden Murphy Wallace (Law Firm) Gelotte Hommas (Architecture) Eagle Class of 1993 Eagle Class of 1982 Eagle Class of 1989 Seattle, Washington Yakima, Washington Kent, Washington James Bach Scott Champion Chris Griffes CBRE (Real Estate) ING Direct (Banking & Finance) KMD Architects (Architecture) Eagle Class of 1992 Eagle Class of 1998 Eagle Class of 1972 Bellevue, Washington Kenmore, Washington Warner Robins, Georgia Dan Baldwin Colin Chapman Fred Grimm Quantum (Information Technology) Clariture (Custom Software Development) Triad Development (Real Estate) Eagle Class of 1994 Eagle Class of 1984 Eagle Class of 1973 Fallon, Nevada Bellevue, Washington Seattle, Washington Matt Barton John Courtright Mark Haller GCW Consulting (Aviation / Consulting) SIE (Aerospace Engineering) Tri-Tec Manufacturing (Defense Industry) Eagle Class of 1993 Eagle Class of 1964 Eagle Class of 1968 Bakersfield, California Elk Grove, Illinois Port Townsend, Washington Chris Bean Patrick Craven Scott Hawley Private Advisory Group (Wealth Management) Chief Seattle Council (Youth Development) Keller Williams (Real Estate & IT) Eagle Class of 1992 Eagle Class of 1976 Eagle Class of 1993 Redmond, Washington Cincinnati, Ohio Raytown, Missouri *NOTE: Participants listed in alphabetical order by last name. Profile data (including date and location of Eagle award) provided individually by each participant. 6
  • 8. FORUM PARTICIPANTS* (2 of 3) Robert Haynie Steven Jones Rob McKenna Oppenheimer & Co, Inc. (Finance) Code Publishing (Legal Publishing) State of Washington (Government) Eagle Class of 1967 Eagle Class of 1990 Eagle Class of 1979 Seattle, Washington Nacogdoches, Texas Bellevue, Washington Chris Hellstern Jon-Michael Kasten Eric Mehlum KMD Architects (Architecture) Avtech Corp (Aerospace) Quantum (Finance) Eagle Class of 1999 Eagle Class of 1995 Eagle Class of 1994 Ennis, Texas Issaquah, Washington Issaquah, Washington Michael Hendrickson Jeffrey Laurence Christopher Myers StoneBridge Securities (Finance) Symetra Financial (Insurance) Moss Adams LLP (Accounting) Eagle Class of 1960 Eagle Class of 1979 Eagle Class of 1967 Anaconda, Montana Thousand Oaks, California Wichita, Kansas Brad Holt Paul Leonard Ken Ohnemus Coinstar (Consumer Services) Carbon Design Group (Product Design) Red Moon Interactive (Software / Internet) Eagle Class of 1982 Eagle Class of 1981 Eagle Class of 1979 Great Falls, Montana Bothell, Washington Quincy, Illinois Craig Husa Ray Makela Jared Plank NeuralIQ (Network Security) Vo2 Performance Center (Fitness) MLA Engineering (Structural Engineer) Eagle Class of 1977 Eagle Class of 1982 Eagle Class of 1994 Spokane, Washington Seattle, Washington Rochester, Washington David Isaac Kevin McFarland Alan Pratt Edward Jones Investments (Finance) Seattle Pacific University (Student) Pratt Legacy Advisors (Estate Planning) Eagle Class of 1988 Eagle Class of 2006 Eagle Class of 1970 Columbia, South Carolina Bellevue, Washington Bellevue, Washington *NOTE: Participants listed in alphabetical order by last name. Profile data (including date and location of Eagle award) provided individually by each participant. 7
  • 9. FORUM PARTICIPANTS* (3 of 3) John Raffetto Mark Steelquist Brian Weaver Raffetto Herman Communications (PR) Cascade Leadership Challenge Federal Reserve Bank (Finance) Eagle Class of 1986 (Youth Development) Eagle Class of 1988 Yorktown, Virginia Eagle Class of 1975 Seattle, Washington Burien, Washington Greg Riggs Chris Strasbourg Gary Whitsell Riggs Wealth Management (Investments) Winged Stitches Embroidery (Clothing) Miller Rieke Whitsell and Co. (CPA) Eagle Class of 1971 Eagle Class of 1970 Eagle Class of 1966 Bothell, Washington North Augusta, South Carolina Seattle, Washington Aaron Ruckman Brad Tilden Robert Wiley III Microsoft (Software) Alaska Airlines (Transportation) VIE Communication (Marketing / Branding) Eagle Class of 1988 Eagle Class of 1976 Eagle Class of 1970 Sandy, Utah Burien, Washington Mercer Island, Washington Eric Seeb Andrew Van Winkle Gavin Woody Army National Guard (Government) University of Washington (Law Student) McKinsey & Company (Consulting) Eagle Class of 1999 Eagle Class of 2006 Eagle Class of 1995 Anchorage, Alaska Spokane, Washington Bakersfield, California Ken Sethney Charles Van Winkle Ken Sethney (Executive Coaching) Adobe Systems (Computer Software) Eagle Class of 1966 Eagle Class of 2001 Bremerton, Washington Spokane, Washington Cameron Shearon Dale Washburn AT&T (Telecommunications) Washburn Communication (Marketing) Eagle Class of 1984 Eagle Class of 1984 Raleigh, North Carolina Richland, Washington *NOTE: Participants listed in alphabetical order by last name. Profile data (including date and location of Eagle award) provided individually by each participant. 8
  • 11. WASHINGTON’S ECONOMY GREW AS THE RECESSION BEGAN SOURCE: Bureau of Economic Analysis, US Department of Commerce 10
  • 12. NATIONAL ECONOMIC GROWTH ACCELERATED IN 2009 Real Gross Domestic Product (seasonally adjusted), change from preceding period Percent 8 6 4 2 0 -2 Early 90’s Dot-com -4 recessionary bubble/bust period -6 -8 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 “The acceleration in real GDP in the fourth quarter of 2009 primarily reflected an acceleration in private inventory investment, a deceleration in imports, and an upturn in nonresidential fixed investment that were partly offset by decelerations in federal government spending and in personal consumption expenditures” -BEA news release, 29 Jan 10 SOURCE: Bureau of Economic Analysis, US Department of Commerce 11
  • 13. UNEMPLOYMENT AT THE HIGHEST RATE IN TWENTY YEARS Unemployment rate, seasonally adjusted Percent 10.5 10.0 Unemployment US as of Dec ‘09 9.5 Percent WA 9.0 US 10.0 WA 9.5 8.5 8.0 7.5 7.0 6.5 6.0 5.5 5.0 4.5 4.0 3.5 1989 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 SOURCE: Bureau of Labor Statistics, US Department of Labor 12
  • 14. WASHINGTON UNEMPLOYMENT: 20TH HIGHEST IN THE U.S. Percent Michigan 14.6 New York 9.0 Nevada 13.0 Connecticut 8.9 Rhode Island 12.9 Pennsylvania 8.9 South Carolina 12.6 Alaska 8.8 California 12.4 Wisconsin 8.7 District of Columbia 12.1 Maine 8.3 Florida 11.8 New Mexico 8.3 North Carolina 11.2 Texas 8.3 Illinois 11.1 Arkansas 7.7 Alabama 11.0 Colorado 7.5 Louisiana 7.5 Oregon 11.0 Maryland 7.5 Ohio 10.9 Wyoming 7.5 Tennessee 10.9 Minnesota 7.4 Kentucky 10.7 New Hampshire 7.0 Mississippi 10.6 Hawaii 6.9 Georgia 10.3 Vermont 6.9 New Jersey 10.1 Virginia 6.9 Indiana 9.9 Montana 6.7 Missouri 9.6 Utah 6.7 Washington 9.5 Iowa 6.6 Massachusetts 9.4 Kansas 6.6 Arizona 9.1 Oklahoma 6.6 Idaho 9.1 Nebraska 4.7 West Virginia 9.1 South Dakota 4.7 Delaware 9.0 North Dakota 4.4 SOURCE: Bureau of Labor Statistics, US Department of Labor, as of December 2009 13
  • 15. WASHINGTON UNEMPLOYMENT BY AREA Unemployment by MSA1, not seasonally adjusted Percent Longview (Cowlitz) 13.3 Yakima 11.0 Mt. Vernon-Anacortes (Skagit) 10.8 Tacoma Metropolitan Division 9.5 Wenatchee 9.4 Spokane 9.3 Seattle-Bellevue-Everett Metro Division 9.0 Bellingham 8.3 Kennewick-Pasco-Richland 8.1 Bremerton 7.6 Olympia 7.6 Washington average 9.5 1 Metropolitan Statistical Area SOURCE: Washington State Employment Security Department, Labor Market and Economic Analysis Branch 14
  • 16. WASHINGTON AEROSPACE & CONSTRUCTION EMPLOYMENT Employees 220,000 200,000 180,000 160,000 Construction1 140,000 120,000 100,000 80,000 Aerospace2 60,000 40,000 20,000 1990 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 1 Includes construction of buildings (residential, commercial), heavy/civil engineering, and specialty trade contractors 2 Includes aerospace product and parts manufacturing SOURCE: Labor Market and Economic Analysis, Washington Employment Security Department 15
  • 17. WASHINGTON OCCUPATION STATISTICS Estimated Estimated average annual growth1 employment, 2007 2007-2012 2012-2017 Annual wage Thousands % % $ thousands Office and Administrative Support 490 0.4 1.4 35 Sales 352 0.4 1.2 39 Food Preparation and Serving 255 0.5 1.0 24 Construction and Extraction 231 -1.4 2.1 50 Transportation and Material Moving 223 -0.2 1.3 35 Production 189 -1.2 1.0 38 Education Training and Library 186 1.2 1.4 48 Business and Financial Operations 152 0.6 1.4 66 Healthcare Practitioners and Technical 145 1.9 1.8 75 Personal Care and Service 136 1.7 1.3 28 Management 130 0.5 1.2 112 Installation Maintenance and Repair 125 0.1 1.0 47 Building and Grounds Cleaning/Maintenance 117 1.3 1.6 28 Computer and Mathematical 111 2.0 2.5 83 Farming, Fishing, and Forestry 90 0 0.1 30 Architecture and Engineering 86 0.8 1.2 77 Healthcare Support 79 2.2 1.8 30 Arts Design, Entertainment, Sports, and Media 66 1.0 1.4 52 Protective Service 56 1.0 1.6 48 Community and Social Services 53 1.7 1.3 42 Life Physical and Social Science 48 1.6 1.8 66 Legal 26 1.4 1.8 83 1 Projections based on the “State Projections Workgroup” methodology, Global Insight model, and state indicators from employment projections developed by Washington State Office of the Forecast Council and the Office of Financial Management Forecasting Division. The results of statewide projections were adjusted in collaboration with the Office of Financial Management’s Forecasting Division. SOURCE: Labor Market and Economic Analysis, Washington Employment Security Department 16
  • 18. CASE - SHILLER HOME PRICE INDEX BY METRO AREA Percent change, one year, Nov 08 to Nov 09 Dallas 1.4 San Francisco 1.0 Denver 0.5 San Diego 0.4 Wash DC -0.6 Boston -0.7 Cleveland -2.5 Los Angeles -3.5 Charlotte -5.5 Atlanta -6.2 Minneapolis -6.8 New York -7.1 Portland -7.5 Chicago -8.5 Seattle -10.6 Miami -12.1 Detroit -13.0 Tampa -13.2 Phoenix -14.2 Las Vegas -24.5 SOURCE: Standard & Poor’s and Fiserv 17
  • 19. FORECLOSURE RATES Foreclosures, 2009 Change from 2008 Rank Metro area2 Percent of housing units Percent Las Vegas, NV 12.0 41.1 Fort Myers, FL 11.9 4.1 Merced, CA 10.1 1.2 Riverside, CA 8.8 12.6 Properties with Stockton, CA 8.6 -7.5 foreclosure filings1, Modesto, CA 8.5 -0.5 national Orlando, FL 8.2 54.0 Millions Phoenix, AZ 8.0 37.0 +21% Port St. Lucie, FL 7.6 21.5 Top Miami, FL 7.2 43.5 2.8 20 Vallejo, CA 7.1 10.1 2.3 Bakersfield, CA 7.1 18.3 Naples, FL 6.4 31.2 Reno, NV 6.2 62.2 Portland and Sacramento, CA 5.6 14.0 Seattle have 4x Daytona Beach, FL 5.3 49.3 and 2x the rate of change, Sarasota, FL 5.3 18.8 2008 2009 respectively, of Lakeland, FL 5.2 40.5 the national Fresno, CA 4.9 19.1 average Salinas, CA 4.8 4.8 61 Portland, OR 2.3 87.4 86 Seattle, WA 1.6 43.2 National average 2.2 21.2 1 Includes default notices, scheduled auctions and bank repossessions 2 Out of 203 total metro areas SOURCE: RealtyTrac press release, 28 Jan 2010 18
  • 20. BACKGROUND INFORMATION EAGLE SCOUTS OF WESTERN WASHINGTON 19
  • 21. GROUP OVERVIEW Eagle Scouts of Western Washington is a new service and networking organization created for Eagle Scouts from - or residing in - western Washington State Officially launched in March of 2009, as a joint venture between private volunteers and the Chief Seattle Council of BSA We hope to re-engage Eagle Scouts of all ages, as a resource for each other, for Scouting, for the community, and for the Nation Currently we have over 650 members – but there are more than 20,000 Eagle Scouts in the Seattle area, and even more when Everett and Tacoma are included Our current focus is on identifying leaders, building momentum to sustain the group, and providing opportunities for members to network, have fun, and engage in community service We are a diverse group of people, with wide-ranging interests and professional backgrounds, but united by a history in Scouting and an interest in working proactively with other Eagles 20
  • 22. GROUP MEMBERS – OCCUPATIONAL DISTRIBUTION All Other Industries 40% Roughly 2% Each Military Law Practice Nonprofit Aviation & Aerospace Health Care Computer Software Architecture 18% Consulting Roughly 3% Each Telecommunications Information Financial Services Technology & Services Accounting 9% Internet Marketing / Advertising 4% Real Estate 21
  • 23. GROUP MEMBERS – GEOGRAPHIC DISTRIBUTION Within 10 miles of Seattle = 48% Within 25 miles of Seattle = 91% Within 35 miles of Seattle = 93% Within 50 miles of Seattle = 94% Currently, half of ESWW’s membership lives within 10 miles of Seattle – this represents an opportunity to expand outward and link up with Eagles in the rest of Western Washington 22
  • 25. EVENT CREDITS This forum would not have been possible without generous contributions of time and resources provided by our supporters. In particular, we would like to thank: ▪Rob McKenna, Brad Tilden, Miller Adams, and Fred Grimm – all of whom unflinchingly volunteered to participate in this event without knowing whether it would be a success or a flop… ▪Scott Klein and Jonathan Vanderveen – our webmasters and online gurus, who managed the booking process even though they knew they could not attend ▪Robert Haynie and Pat Craven – for developing the initial idea and providing key support and advice throughout ▪Gavin Woody – for assembling this event program and distilling economic reference data ▪Chris Strasbourg – designer, maker, and donor of gift apparel ▪The staff of Chief Seattle Council – for providing ongoing support of all kinds ▪Our sponsor, GCW Consulting - for offering financial support If you would like to plan and organize similar events in the future, please contact us! 24