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Seattle angel investor Charles Fitzgerald criticizes Washington Gov. Bob Ferguson's new Economic Development Council as backward-looking, lacking startup and VC representation, and ignoring AI. He argues the council's composition and focus overlook critical drivers of future economic growth and fail to address the state's deteriorating business climate.
Seattle has plummeted 11 spots to 13th in a new Financial Times-Nikkei ranking of U.S. cities for foreign investment, sparking renewed debate over the city's business climate. The significant drop from last year's second-place position has fueled concerns among tech leaders and business professionals, many of whom attribute the decline to what they perceive as anti-business policies and an escalating cost of living.
