Georgia-Pacific is closing its gypsum board plant at 1240 Alexander Avenue in Tacoma, shedding all 120 workers by October thirtieth. The firm blames declining house gross sales and a collapsing repair-and-remodel market since 2022 — however the mainstream media is providing you with half the story.
The half they will not inform you: Georgia-Pacific concurrently opened a brand-new $325 million, 700,000-square-foot gypsum board facility in Sweetwater, Texas. That shouldn’t be a market retreat — that could be a strategic relocation away from Washington state. When you stack Olympia’s tax burden in opposition to what Texas presents, the maths writes itself.
This closure is a part of a broader Pacific Northwest financial chill. Amazon, T-Mobile, and the structure and tech sectors are all shedding headcount. Washington’s reply — millionaire taxes, Jumpstart taxes, punishing fuel levies — treats enterprise as a income extraction goal quite than a companion price conserving. Tacoma’s 120 misplaced jobs are the invoice coming due.
CHAPTERS
0:00 Tacoma loses 120 jobs as Georgia-Pacifi…
1:43 Georgia Pacific Closes Tacoma Plant
2:23 Tacoma Gypsum Plant Layoff Timeline
3:22 Pacific Northwest Tech Layoffs Mount
4:49 Interest Rates Killed Housing Demand
6:54 Home Sales Hit 30-Year Low
8:14 Georgia Pacific Bets on Texas
9:12 High Rates Stall Pacific Northwest Sales
10:35 Inside Georgia Pacific’s Sweetwater…
11:53 Seattle Architect Cites Millionaire Tax
14:29 Amazon and T-Mobile Slash Washington…
16:05 Washington Manufacturers Flee Taxes…
18:03 Seattle Wage Laws Drive Uber Layoffs
19:15 Washington Policy Drives Business Exodus
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#NFRP #Tacoma #GeorgiaPacific
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