Item No.       6a supp 
Date of Meeting     June 14, 2016 
Establishing the Port Economic
Development Partnership Program
Building effective
economic development
alliances from the
ground up


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39 CITIES  BUILDING SUCCESS FROM THE GROUND UP 
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Creating a New Economic
Development Partnership Program
Seeking authorization to create new grant program
to support partnerships with King County's Cities 
The "Economic Development Partnership Program"
would provide Cities per capita funding to support
economic development projects in their
communities
Approximately $1 Million would be invested in
these partnerships to create middle class jobs,
generate local economic impacts and promote
region wide prosperity
Developing Partnerships to Advance Local and Regional Economic Development
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Cooperative Program
King County cities would all receive
some funding to advance local
economic development throughout the
region.
Annual grant funding would be
provided on a $1 per capita formula:
Grants capped at $65,000
Smallest cities receive a minimum of $5,000
Advancing the Port's Economic Development Aspirations 
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Economic Development
Partnership Program Specifics
Bellevue         135,000 $ 65,000  Bothell           25,410 $ 25,410  Pacific            6,770 $ 6,770
Kent           122,900 $ 65,000  Maple Valley       24,700 $ 24,700  North Bend         6,460 $ 6,460
Renton          98,470 $ 65,000  Mercer Island       23,480 $ 23,480  Normandy Park      6,420 $ 6,420
Federal Way        90,760 $ 65,000  Kenmore          21,500 $ 21,500  Black Diamond       4,200 $ 5,000
Kirkland           83,460 $ 65,000  Tukwila           19,300 $ 19,300  Algona             3,105 $ 5,000
Auburn          65,950 $ 65,000  Covington        18,520 $ 18,520  Medina          3,095 $ 5,000
Redmond        59,180 $ 59,180  Snoqualmie       12,850 $ 12,850  Clyde Hill        3,020 $ 5,000
Shoreline          54,500 $ 54,500  Lake Forest Park      12,810 $ 12,810  Carnation           1,790 $ 5,000
Sammamish       49,980 $ 49,980  Woodinville       11,240 $ 11,240  Yarrow Point       1,020 $ 5,000
Burien           48,810 $ 48,810  Enumclaw         11,140 $ 11,140  Milton            1,010 $ 5,000
Issaquah          33,330 $ 33,330  Newcastle         10,940 $ 10,940  Hunts Point          410 $ 5,000
Des Moines        30,100 $ 30,100  Duvall            7,345 $ 7,345  Beaux Arts Village      300 $ 5,000
SeaTac           27,650 $ 27,650                               Skykomish          195 $ 5,000

Cities Can Contract with Local Nonprofits (ex. Chamber, Visitor Bureau, etc.) to Carry Out Projects
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Structured to Drive Meaningful Outcomes
Provide some flexibility to define
local economic development
projects
Tie to economic development
(ideally the Century Agenda
although not required)
Require a 50 percent local match to
ensure cities are also committed to
project success
Working Together to Build Local Economies
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Eligible Activities
Business recruitment initiatives designed to attract new
companies to a region or city;
Small business development (including incubator/accelerator
projects);
Industry retention and expansion assistance (ex. Maritime)
Tourism development;
Downtown revitalization; 
Commercial or industrial property development; and
Other community or economic development projects that
support new investment and job creation.
Projects Need to Tie to Port Business Interests
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Next Steps
Publicize grant fund development and purpose
Publicize and conduct application workshops for cities and
their partners
Work with CPO and Legal Department to develop agreements
with each city around use of Economic Development
Partnership Programs
Develop methodology to evaluate Century Grant outcomes
Complete evaluation of grant outcomes (2nd Quarter 2017)

Goal is to Make it Simple for Local Partners
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Timelines
June 14  Commission Authorization
June 14  Public information (including web content) about Century
Grant Fund available
June/July  Application workshops
June to October 2016  Agreements negotiated and approved with King
County Cities
June 2016 to May 2017  Project implementation
May 2017  Project evaluation
Annual Evaluation Identifies Best Practices and Areas for Improvement
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Economic Development
Partnership Program
The Port's new Economic Development
Partnership Program will help address
the lack of economic development
funding for local projects.
The Port can also use this new
program to accomplish Century
Agenda goals through purposeful and
powerful economic development
partnerships with local cities.
Using Our Institutional Influence and Capital to Make a Difference
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