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Last Frontier KPBM March 2015

Bank branches are changing, but not going away. A regional director’s tips for SBA loans and our feature, Last Frontier explores how a national bank’s recession failure sent local companies scrambling as foreclosures came down.

Bank branches are changing, but not going away. A regional director’s tips for SBA loans and our feature, Last Frontier explores how a national bank’s recession failure sent local companies scrambling as foreclosures came down.

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WWW.KPBJ.COM<br />

MARCH <strong>2015</strong> | 3<br />

Also in this issue<br />

• Is Port Orchard market<br />

delivering on the hype? 23<br />

• Form, function of bank<br />

branch of the future, 6<br />

• Coffee-hour crew shares<br />

advice on contracting, 9<br />

• Tech columnist<br />

Charles Keating reviews<br />

net neutrality issues, 23<br />

The Kitsap Peninsula Business Journal is<br />

published by the Kitsap Sun the first week of<br />

every month, and distributed to business<br />

addresses through Kitsap County, North Mason<br />

and Gig Harbor.<br />

Brent Morris, Publisher<br />

brent.morris@kitsapsun.com<br />

David Nelson, Editorial Director<br />

david.nelson@kitsapsun.com<br />

Tim Kelly, Managing Editor<br />

tim.kelly@kitsapsun.com<br />

editor@kpbj.com<br />

Mike Stevens, Marketing Director<br />

mstevens@kitsapsun.com<br />

Jeremy Judd, Digital Director<br />

jeremy.judd@kitsapsun.com<br />

For inquires to receive the Kitsap Peninsula<br />

Business Journal at your business, contact Circulation<br />

Sales Director Hugh Hirata at 360-792-<br />

5247 or hugh.hirata@kitsapsun.com.<br />

To advertise in the Kitsap Peninsula Business<br />

Journal, contact Michael Stevens at 360-792-<br />

3350.<br />

TO SUBMIT NEWS:<br />

Tim Kelly, Managing Editor<br />

tim.kelly@kitsapsun.com<br />

360.377-3711, ext. 5359<br />

Standard mail postage to be paid at Bremerton, WA<br />

POSTMASTER: Send address changes to Kitsap Sun, PO<br />

Box 259,<br />

Bremerton, WA 98337-1413<br />

© <strong>2015</strong> Kitsap Peninsula Business Journal / Kitsap Sun<br />

ISSN 1050-3692 VOLUME 28, NO. 3<br />

introduction<br />

| david nelson<br />

End of one era, continuing the next<br />

The Kitsap Peninsula Business Journal<br />

you are holding may not immediately<br />

look much different than<br />

what you’ve seen from us<br />

over the past 10 months.<br />

But the path it took to get<br />

into the community was<br />

new, and that explanation<br />

illustrates a business decision<br />

made here that will<br />

make a difference into the<br />

future for the publication that brings you<br />

local business news, columns, announcements<br />

and advertising.<br />

The night of Sunday, Feb.<br />

22 was the final press run<br />

for the 1973 Harris 1650<br />

offset press in the basement<br />

of the Kitsap Sun office<br />

in downtown Bremerton.<br />

There was certainly<br />

an amount of nostalgia associated<br />

with that night. I<br />

sat there watching, as impressed<br />

and mystified as<br />

always when I would see<br />

the old machine rumble to<br />

print the Sun or one of our<br />

other publications. A printing<br />

press is a remarkable<br />

piece of machinery, and<br />

through the eras of print<br />

journalism the Kitsap<br />

Sun’s basement has always<br />

been a place where change<br />

occurred. So first I’ll share<br />

some history.<br />

More than seven decades<br />

ago the paper started with<br />

a flatbed press, two typesetting<br />

machines, handme-down<br />

engravers from<br />

a Tacoma paper. During<br />

World War II a two-unit tubular<br />

press was installed<br />

that could produce up to 32<br />

pages, and there were five<br />

typesetters. In the 1960s<br />

we upgraded to an 80-page<br />

rotary press, which could accommodate<br />

color, and expanded the composing room<br />

and what was then known as the stereotyping<br />

facility. A little more than a decade<br />

later, in 1973, the state-of-the-art Harris<br />

1650 was installed and that, with some<br />

technological upgrades over the years, is<br />

what we’ve printed on ever since.<br />

This edition of the Kitsap Peninsula<br />

Business Journal was printed outside of<br />

our building on Fifth Street. That’s the<br />

difference you don’t see — but you should<br />

know about.<br />

The KPBJ, along with our daily edition,<br />

other weekly community newspapers, special<br />

advertising sections and quarterly<br />

magazine publications, will now be printed<br />

off-site at a large Puget Sound printing<br />

facility, and trucked to our loading docks<br />

each evening. This shifts us away from a<br />

unique task that’s gone on every night in<br />

our building for decades. But it’s a shift<br />

that benefits readers because of print quality,<br />

offers more choices to advertisers in<br />

terms of format and options to connect<br />

with customers, and helps our bottom line.<br />

Our current presses have limitations in<br />

capacity, color and quality. Our skilled<br />

pressmen work diligently to make the paper<br />

look its best each day, but the machinery<br />

is outdated and limited in some aspects.<br />

The opportunity is here for us to<br />

produce a more appealing paper for readers<br />

and advertisers, and could foretell<br />

The press at the Kitsap Sun after running for the last time in Bremerton.<br />

some format changes or opportunities<br />

with the Kitsap Peninsula Business Journal.<br />

That means we do lose employees<br />

from our pressroom and packaging center<br />

in the process, which is never an easy decision.<br />

Some of you in the business community<br />

know those difficult economic<br />

choices all too well.<br />

But journalism, like many of the industries<br />

you readers work in, is a changing<br />

world. That’s what my history lesson<br />

above serves to illustrate. We’re acutely<br />

aware of that fact now as we expand our<br />

digital services and readership on websites<br />

and social media, and as we continue<br />

dealing with a changing market for print<br />

products. We’re simply able to offer more<br />

choices in our printed product in the current<br />

environment, whether in color, size<br />

and format of the paper, or special advertising<br />

products, and in certain terms at a<br />

higher quality than what our presses were<br />

capable of.<br />

While this move changes our workflow<br />

to build each month’s Business Journal, it<br />

does not change our focus on journalism<br />

for this community and advertising services<br />

for local businesses.<br />

The Sun has gone through several eras<br />

during our nearly 80 years of printing a<br />

daily paper, in terms of our products, journalism,<br />

business strategy and even our<br />

physical home in downtown Bremerton.<br />

In fact, acquiring the Kitsap Peninsula<br />

MEEGAN M. REID / KITSAP SUN<br />

Business Journal was a landmark change<br />

in that vein, when we added a type of publication<br />

that the company had never produced<br />

in its history. This announcement<br />

about our production shifting is a significant<br />

one, and the latest step in our ongoing<br />

evolution as a local news company.<br />

The issue you’re holding is a sign of our<br />

continued commitment to readers and the<br />

business community, and the backstory<br />

on its production should serve notice of<br />

our intention to continue into the future<br />

as a print and digital company, and do<br />

so in the most efficient and effective way<br />

possible. Thank you for your continued<br />

readership and support.<br />

• David Nelson is the editorial director<br />

of the Kitsap Peninsula Business Journal<br />

and editor of the Kitsap Sun. Contact him<br />

at dnelson@kitsapsun.com.

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