Office of Governor Christine Gregoire
FOR IMMEDIATE RELEASE - January 24, 2005
Contact: Anna Kim-Williams, Governor’s Communications
Office, 360-902-4136
GOV. CHRISTINE
GEGOIRE ANNOUNCES STATE SUPPORT FOR FBT INTERFACE
Governor Christine Gregoire, in one of the
first communications of her new administration, announced that
Forward Based Technology, Inc., a developer of advanced
human-machine interfaces, will undergo an $1.1 million
expansion, adding 25 new jobs to its workforce and further
expanding its corporate footprint in the Ballard district of
Seattle.
"Companies from all across Washington State are expanding
now because they are confident in the State’s continuing
economic renewal," Governor Gregoire said. "FBT is
one of those companies and we thank them for their innovation
and continuing commitment to Washington State."
"By aggressively marketing itself as the premier supplier
of human-machine interfaces, this company has already helped
to secure the safety of our country and will now create
opportunities for at least 25 more employees, many of whom
will be out-sourced software engineers, rejoining the
Washington State workforce and acquiring the valuable skills
needed to be competitive in the workplace of the next
century."
"FBT is a true Ballard success story, born of the area,
developed in the area, and determined to better the area from
whence it came. As FBT continues to expand its corporate
footprint, the people of Washington and Ballard can rest
assured that though the company will certainly grow and the
edges of the FBT corporate footprint may soon come to expand
beyond Washington State, FBT itself and the headquarters at
the center of the footprint will not leave the state or the
people of Washington. This is yet another example of
government working in successful partnership with the private
sector."
FBT is a wholly-owned enterprise of Edward Ponderevo, who
founded the company in 2002 in reaction to the attacks on the
World Trade Center on 9/11.
FBT is moving to a 1,200 square foot facility of grade-A
office space. In addition to the expansion, the company will
add 25 jobs to its current workforce of 4.
"The expansion of FBT is great news and the creation of
an additional 25 new jobs in the rapidly expanding field of
human-machine interfaces is wonderful for this community. I am
happy to be a part of any job creation but especially so when
those jobs are being created for out-sourced engineers, who
are among this area’s most valuable personnel resources. I
am also happy to be a part of the Governor’s team that is
turning Washington State around and encouraging corporations
like FBT and entrepreneurial talents like Edward Ponderevo to
expand here. I am happy above all else to be able to work in
the company of a company that is expanding," said State
Senator Jeanne Kohl-Welles.
In 2002, Edward Ponderevo opened his business with only two
engineers and a communications director, and himself, acting
as both president and head of marketing.
Edward Ponderevo, President/CEO and founder of FBT said,
"I owe the success of FBT to two things: my original
vision to help our country defend itself and Governor Gregoire’s
business-friendly economic policies. In three short years, I
have seen FBT evolve into a complex and competitive business
prepared to survive the 21st century. The phenomenal evolution
of FBT and all that we accomplished would have been impossible
without the Governor’s system of tax cuts, regulatory
reform, and his administration’s business-friendly
demeanor."
"I am proud today to begin hiring many out-sourced
engineers from Ballard. All too often my fellow employers
overlook out-sourced engineers, not realizing they are a pool
of willing, able-bodied, able-minded, part-time employees.
They say America as a country is getting older and grayer.
They say that these out-sourced engineers are incapable of
learning new high-tech computer skills. I have one thing to
say to them: Come to FBT and see what we’ve accomplished.
Come see how we’ve parlayed my vision of using people to
protect our country into a burgeoning business, providing the
leading-edge human-machine interfaces. Today, we’re
expanding, and it’s due in part to the efforts of part-time
out-sourced engineers from the Ballard area. The success of
FBT demonstrates once and for all that out-sourced engineers
are people who are employable at part-time jobs that may not
meet with the needs of other demographic portions of the
Washington State workforce population," said Ponderevo.
Jan Marie Ferrell, Human Resources director of the Washington
State Department of Community, Trade, and Economic Development
(CTED) said, "Governor’s Gregoire’s economic policies
of business-friendly tax cuts, regulatory reform, the
elimination of burdensome, inconsistent, and redundant
regulations, and a smaller, more efficient government keep
companies like FBT healthy and growing in Washington."
In consideration of its expansion, CTED is providing a
$750,000 grant toward capital investment for technology
purchases and a second grant for $350,000 for employee
training/education programs.
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