7b supp
Item No. 7b supp Meeting Date: March 22, 2016 Century Agenda Long Range Plan Commission Briefing March 22, 2016 Long Range Plan (LRP) Background Office of Strategic Initiatives partnering with teams Port-wide 6/2015 9/2015 12/2015 3/2016 4/2016 2 additional LRP Teams formed Present LRP to Aviation Commission for review Maritime 5 LRP Teams formed Strategic Planning Program Managers hired Small Bus Development Facilitation of LRP Teams Workforce Development Production of LRP document Environmental Stakeholder engagement Operational Excellence Organizational Alignment Operationalizing the Century Agenda 2 Mapping LRP to Century Agenda Strategic Goals Linking LRP Team Outputs to the CA Strategies and Objectives S2leading S3promote CENTURY AGENDA S1premier S4greenest tourism small business and most international destination and growth & energy efficient logistics hub business workforce port gateway development LONG RANGE PLANS Small Workforce Aviation Maritime Environment Business Dev. High Performance Organization (Operational Excellence & Organizational Alignment) Operationalizing the Century Agenda 3 LRP Strategic Review & Methodology A Key Strategic Assessments B Detailed Action Plans per Objective with SMART goals C Long Range Plan Assessments and Action Plans form integrated Long Range Plan 4 Calibration Long Range Plan Actions and Tasks Validation Independent Long Range Plan Econometric Analysis of Jobs and Economic Impact Credibility Validation Allows for Correction as Needed 5 Communications March 22 Commission Briefings Plans Overview & April 12 April 13 Executive Email Top-Level Content: Video Stories Web Content: Part 1 - High-level goals told from employee POV April 18 Employee Newsletter Video of Commission Presentations Web Content: Part 2 PPT Presentations Moderate Detail May-June CEO Webcast Live Overview of Plans Web Content: Part 3 New Video Stories Staff Meetings Final, Detailed Plans Under Development External Stakeholders Under Development Layers of Detail: Portwide to Work Unit Briefing Agenda 3/22 Aviation Small Business The Key Actions need to be further assessed with Metrics and Targets unpacked 7 Century Agenda Aviation Long Range Plan Commission Briefing March 22, 2016 Century Agenda Strategies "Position the Puget Sound region as a premier international logistics hub" Triple air cargo volume to 750,000 metric tons "Advance this region as a leading tourism destination and business gateway" Double the number of international flights and destinations Make Sea-Tac Airport the West Coast "Gateway of Choice" for international travel Meet the region's air transportation needs at Sea-Tac Airport for The LRP Team is developing air service and air cargo growththe next 25 years and encourage the cost-effective expansion of opportunities at domestic and international passenger and cargo service Sea-Tac 9 Triple Air Cargo "Position the Puget Sound region as a premier international logistics hub" Triple air cargo volume to 750,000 metric tons The LRP Team is developing air service and air cargo growth opportunities at Sea-Tac 10 Air Cargo Market Overview A highly competitive air cargo market 40% 35% 26% 215,700 291,400 333,600 Metric Tons Metric Tons Metric Tons Portland (PDX) Vancouver (YVR) Seattle (SEA) Share of air cargo volume (2015) Air cargo a key driver of regional economic growth 11 Diverse Mix Reflects a diversified economy (2015) Inbound Outbound Aerospace 4,869 Fruit incl. cherries 13,613 components Volume (Metric Tons) Televisions 2,864 Seafood 7,676 Aerospace Sound media 1,783 3,557 components Aircraft engines $940M Aerospace components $1,812M Value ($) U.S. goods returned $740M Microchips $1,521M Medical Tech machinery $627M $595M instruments Air cargo >$22.7B in economic value, 120,000 related jobs 12 Air Cargo Key Actions Attract air cargo carriers New carriers, add routes, and support existing airlines Focus on carriers with leading environmental profile Support all customer fleet options Expand airfield cargo facilities Relocate, redevelop and build Increase utilization of current facilities Build facilities to LEED standards Build strategic logistics partnerships Off-airfield properties Global logistics presence Strengthen Free Trade Zones Roadmap for Tripling Air Cargo Growth 13 Will Achieve 3X Air Cargo Growth Sea-Tac's air cargo has to add capacity to meet regional economic demand 750K MT (~8% CAGR) 800 -Accelerated Century Agenda - Need 750K square feet of space 700 Actual Projections 600 333K MT 500 (2015) 500K MT (~3.5% CAGR) Metric 400 - Original Century Agenda Tons - Need 500K square feet of space (MT,000) 300 200 100 0 2011 2015 2020 2025 2030 2035 Sea-Tac needs to add cargo space 14 Global Gateway "Advance this region as a leading tourism destination and business gateway" Double the number of international flights and destinations Make Sea-Tac Airport the West Coast "Gateway of Choice" for international travel Meet the region's air transportation needs at Sea-Tac Airport for the next 25 years and encourage the cost- effective expansion of domestic and international The LRP Team is developing air service and air cargo growthpassenger and cargo service opportunities at Sea-Tac 15 West Coast International Gateway Opportunity Situational Analysis Vancouver has significantly more service= Opportunity Sea-Tac will build partnerships to build global presence Seattle has geographic advantages over LA and SF More flights needed to support the strong economic growth Each long-haul international route generates $75MM/yr of economic activity Sea-Tac will take advantage of growth opportunities 16 International Market Potential 30 24.3 25 20 15 12.4 10.6 Growth 10 5.8 potential 5 0 Vancouver San Francisco Los Angeles Seattle Outbound International Seats per Metro GDP (2015) Sea-Tac has strong growth potential 17 International Market Key Actions The Port will "double the number of international flights and destinations" by 2025 Implement best practice airport marketing to drive air service growth Enhance air service incentives to attract new services Build strategic partnerships that elevate region's global presence Airlines are looking for service at SeaTac 18 Will Lead to International Growth Services 30 Destinations 6 5m 25 Seats (millions) 4.5m 5 3.6m 20 4 15 3 25 28 10 19 22 18 2 14 13 5 10 11 7 1 0 0 2005 2010 2015 2020 2025 Sea-Tac will double international flights and destinations 19 Current Challenges Sea-Tac's international Competitors are addressing facilities need improvement international facilities Passport Los Angeles Control $1.9B Customs San Francisco Baggage Floor $1.0B Corridor Overflow Vancouver $1.8B International Arrival Facility will restore competitiveness 20 Gateway of Choice Key Actions The Port will make "Sea-Tac Airport the West Coast 'Gateway of Choice' for international travel" Complete International Arrivals Facility project by Dec 2019 Reduce Minimum Connect Times by improving airport facilities and processes Significantly improve customer service Build strategic partnerships that elevate "Gateway of Choice" has many dimensions that have been unpacked region's global presence 21 Meeting Region's 25 year Transportation Needs Situational Analysis Strengths/Opportunities Weaknesses/Challenges Strong local economy drives demand Limited acreage, space Regional population growth = 4% (5 year constrained forecast) Competing needs - terminal Sea-Tac becoming multi-hub expansion, cargo, airline support - Primary hub for Alaska (hangars) Environmental responsibilities - Regional hub/international gateway for Delta Only major airport in Puget Sound Strong financial capacity Source of economic impacts for Port Jobs: Capacity expansion is critical to Puget Sound Regional Growth 22 Capacity Development The Port will "meet air transportation needs at Sea-Tac" and "encourage cost-effective expansion" Sustainable Airport Master Plan (SAMP) will identify investment needed to meet region's demand through 2034 - Time frame corresponds to Century Agenda - SAMP in progress Cost-effective expansion is critical - Must reinvest in existing facilities - Expansion will be expensive Implementing Sustainable Airport Master Plan is a priority 23 Capacity Development Key Actions The Port will cost effectively meet the regions air transportation needs Complete Sustainable Airport Master Plan, including environmental review Initiate planning and programming for master plan projects Renovate existing facilities to maintain capacity Improve operational efficiency of existing facilities Keep airline costs competitive 24 Briefing Agenda 3/22 Aviation Small Business The Key Actions need to be further assessed with Metrics and Targets unpacked 25 Small Business Development Long Range Plan March 22, 2016 Commission Briefing 2015 Small Business Overview Jobs! 27 Century Agenda: "use our influence as an institution to promote small business growth and workforce development" "increase the proportion of funds spent by the port with qualified small business firms on construction, consulting, goods and services to 40 percent of the eligible dollars spent" The Port will increase the use of small businesses 28 2015 Small Business Overview 2015 Total Port Spend = $268M (all figures rounded) Self Reported Small Business Enterprises (SBE) $60M, 22% Small Contractors and Suppliers (SCS) $20M, 7.4% Large/ Unclassified Small Businesses Businesses Certified Women Owned $179M, 67% $89M, 33% Business Enterprises (WBE) $7.8M, 1.6% Disadvantaged Business Enterprise (DBE) Certified Minority Owned Business $1.4M, 0.5% Enterprises (MBE) $4.0M, 1.3% The Port spent $89M (33%) on small businesses in 2015 29 Small Business Development Actions Revise Resolution 3618 Identify small business opportunities across all categories One Port: Drive small business goals across Port Divisions and Departments Simplify processes Advocate when drafting/evaluating contracts Outreach including Minority/Women/Disadvantaged Business Enterprises (MWDBE) Enhance partnerships with government agencies Support local legislative efforts to increase small business participation (incl. MWDBE) Making it easier for Small Business to do business with the Port 30 with the Small Business Hub Training PortGen Port Access to How the Accelerator Incubators Finance Port works Hub will help Small Businesses partner with the Port 31 will achieve our Small Business Targets 2025 Century Agenda Goal = 40% 45% 40% 40% 40% 38% 35% 36% 33% 35% Small 31% 30% Business Procurement 30% (%) 25% Actual Target 20% 2013 2014 2015 2016 2017 2018 2019 2020 15% 10% Will meet the Century AgendaSmall Business goal by 2020 5% 32 0%
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