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ITEM NO: ______9a_Supp_______ DATE OF MEETING: September 25, 2012 Port of Seattle Commission Meeting September 25, 2012 Presented by: Dan Burke, Public Affairs Mian Rice, Office of Social Responsibility Brief review of updated Regional Economic Strategy Overview of Port's Small Business Program Provide an opportunity for the Commissioners to hear from South King County small businesses about conditions facing the small business community in South King County, and the Greatest challenges small businesses face coming out of this recession. Identification of most effective small business assistance programs and initiatives currently underway. RES update outlines initiatives for improving the five foundation areas of our economy: Education and workforce development Business climate Entrepreneurship and innovation Infrastructure Quality of life Each one has goals, strategies and action items to help achieve the region's economic development goals. Coordination with the Century Agenda Overarching Goal: Over the next 25 years the we will add 100,000 jobs through economic growth led by the Port of Seattle, for a total of 300,000 port related jobs in the region, while reducing our environmental footprint. Century Agenda Goals: Position the Puget Sound region as a premier international logistics hub Advance this region as a leading tourism destination and business gateway Use our influence as an institution to promote small business growth and workforce development Be the greenest and most energy efficient port in North America Seattle-Tacoma International Airport supports the region's international business connections and has a vital role in marketing the region globally. Region's air cargo activity is transported through Sea- Tac and Boeing Field. Combined volume in 2011 of nearly a half-million tons of air cargo. Freight trucking is large part of the local labor pool. Scale and depth of intermodal infrastructure for facilitating trade and logistics make this sector highly important to the economic health of the Puget Sound Increasing importance of the aerospace cluster Regional Economic Strategies which support small business development Strive for better alignment between education and workforce training programs Explore ways to support new economic development which attracts and grows new business Position the Puget Sound region as a premiere international logistics hub Expand programs and tools that help more firms export internationally Regional Economic Strategies (continued) Improve coordination of government services and regulations relating to business and economic development. Support programs and tools that help small business and women- and minority- owned businesses thrive. Increase industry-specific technical support for entrepreneurs and start-up businesses in the region. Office of Social Responsibility programs: Disadvantaged Business Enterprise Program (DBE) Federal Program Airport Concessions DBE Program (ACDBE) Federal Program Small Contractors and Suppliers (SCS) Program (SCS) Local Small Business Program Small Business Administration 100% Size Standard (SBE) Federal Business Size Standard Major Construction and Small Works $38.9 million (prime contractors & subcontractors) Service Agreements, Goods and Services (non- construction) $10.6 million Businesses must register on the Port's Procurement and Roster Management System (PRMS) Insures businesses will have access to procurement opportunities Small businesses may be eligible for the Small Contractors and Suppliers (SCS) Certification through King County Interlocal Agreement between the Port and King County Created to expand business relationships with small businesses, including firms owned and operated by women and minorities SCS firms revenues up to 50% of SBA size standard and personal networth less than $750,000 Procurement incentives for certified firms Small Business Policy Roundtable
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