7a Presentation EDD Partnership Program Results
Item No. 7a_supp Meeting Date: December 11, 2018 Port of Seattle Economic Development Partnership Program Building effective economic development alliances throughout King County 1 Economic Development Partnership Program Commission created this program in 2016 to support partnerships with King County cities The "Economic Development Partnership Program" provides cities with per capita funding to support economic development projects In the 2017-2018 funding cycle, approximately $950,000 was award to 30 cities to support projects that create middle class jobs, generate local economic impacts, Kenmore Business Incubator training session. and promote region wide prosperity 2 Cooperative Program King County cities receive funding to advance local economic development projects throughout the region. Annual grant funding provided on a $1 per capita formula: Grants capped at $65,000 Smallest cities receive a minimum of $5,000 Cities contribute a 50% project match where up to 25% of Port match can be in-kind City of Shoreline working with resources citizens to create a plan for part of the Ridgecrest Business District. 3 2018 Project Initiatives 1. Business Recruitment 2. Fostering Local Entrepreneurship 3. Downtown Revitalization 4. Public Art Campaign Made possible by the Port of Seattle Thank you! 4 Recruitment and Entrepreneurship Retail Attraction 53 retailers/restaurants identified for recruitment Business Training Startup425 10 workshops (out of 52 offered in 2018) 6,500 users on the website (19,000 page views) Work Lounge MindShare Support for up to 75 start-ups in Renton 5 Downtown Revitalization and Public Art Business Support "Creating Stellar Storefronts" Workshops Store-owner design consolations to increase sales Mini faade program (awnings, signage, lighting) Sunset Shines Campaign Utility box wraps along business corridor Downtown mural program to promote community engagement/ vibrancy 6 Placeholder - 1-3 Kent slides Lynne Strickland Presenter: Bill Ellis, City of Kent Executive Director of Aerospace Joint Apprenticeship Committee Opening Night of the AMP Training Center 7 Placeholder - 1-3 Kent slides Presenter: Bill Ellis, City of Kent 8 Placeholder - 1-3 Kent slides Thank you. William Ellis Chief Economic Development Officer City of Kent WEllis@KentWA.gov 253-856-5707 Presenter: Bill Ellis, City of Kent 9 Comprehensive Plan Implementation Pacific Comprehensive Plan ED-24: Retain and support the expansion of existing businesses that offer secure, quality employment, and actively participate to enhance community values ED-25: Maintain an inventory of commercial and industrial sites. Sumner/Pacific Manufacturing Industrial Center (MIC) Subarea Plan SPMIC-1.9 Develop incentives that attract incubator businesses in established industrial lands that are affordable to entrepreneurs. 10 City of Pacific Economic Development Survey "Aggregate Results from 21 Respondents 14 Business 33 years 15 years v O FE] Headquartered in Pacific Average Length of Time in Business Average Length of Time the Business Has Been in Pacific 17 43% 60% i & po Average Numberof Full-Time Numberof Businesses That Would Number of Businesses Currently Employees Among Firms Employing Consider an Expansion in Pacific More Than 1 Employee Experiencing Growth Project Outcomes Will help the City retain existing businesses and encourage new businesses to move to Pacific. The project data will help the City reach out to businesses to determine their needs (monthly/quarterly meetings with businesses). The business license data will help the City paint an overall economic picture (community profile) of Pacific The intelligence gathered will compliment the "buildable lands" survey that will be conducted in 2019. The summary information will be available on the City's updated website. 12 Program Evaluation Framework Engage Profile the Gather Analysis and Stakeholders EDP Program Evidence Recommendations Port of Seattle Objectives Data and Evaluation Criteria EDP Program and set-up information Project performance Staff Comparisons collected by Project context Port with other the Port Impact on economic Commissioners grant Final grant development Grantees programs reports (quantitative and Interviews qualitative metrics) with grantees 13 2017-2018 Grant Program Cycle EDP Program Allocated and Expanded Projects by category: Funds, 2017-2018 Business Assistance/Recruitment and Retention: 11 cities Planning/Feasibility Studies: 7 cities Marketing: 12 cities Tourism/Wayfinding: 15 cities Website Development/Enhancement: 3 cities Workforce Development: 1 city Sources: Port of Seattle, 2018; Community Attributes, 2018. 14 Evaluation Findings Benefits of EDP Program Funding 'Seed' money to support innovative efforts Generate follow-up ideas, provide traction Increase a city's capacity Projects Outcome Measurement Long-term objectives Part of ongoing city planning efforts Additional resources required Implementation Challenges Project timeframes Multiple sub-projects City of Lake Forest Park Town Center Vision. 15 Evaluation Findings Partnerships Leverage partnerships for other initiatives Pooling resources EDP Program Process Feedback Flexibility in the funding provided Allowing extra time for certain projects Opportunity to share ideas and collaborate with other cities Increase Port exposure City of North Bend Visitor Website: Discovernorthbend.com. 16 Recommendation: Provide competitive funding in addition to Core Grants Staff Recommendation for Implementation Decrease maximum city per capita award amounts from $65,000 to $50,000 Create a $100,000 funding pool to support competitive grant awards for projects $10,000 maximum award Prioritized for: smaller cities, regional projects, and special projects that align with Port initiatives (ex. Diversity in Contracting, Workforce Development) Would add special section to current application for cities interested in competing for these extra funds 17 Recommendation: Provide Impact Measurement Support to Cities Staff Recommendation for Implementation Work with cities to define project outcomes early in grant process that can be analyzed using economic impact analysis Example: Economic impact outcomes for placemaking Develop a workshop covering effective economic development outcome measurement Conduct periodic economic impact analysis of the program as a whole 18 Recommendation: Vary Reporting Requirements With Grant Amounts Staff Recommendation for Implementation Work to streamline grant processes for cities Work more closely with smaller cities throughout the grant process Balance ease of reporting with need for accountability Some reporting is needed to meet state auditing requirements 19 Recommendation: Facilitate Countywide Teamwork Staff Recommendation for Implementation Continue to visit participating cities during grant implementation to ensure that projects are unfolding smoothly and cities have resources for success Use these visits to also identify/ discuss future initiatives Host quarterly meetings with participating cities to discuss economic development topics and share project updates Use these meeting to support two to three economic development workshops that provide key staff and community leaders practical training Bring other partners to meetings to promote collaboration (ex. Greater Seattle Partners) 20 APPENDIX SLIDES 21 2017-2018 Program Grant Award Utilized Algona $ - Federal Way $ 58,503 North Bend $ 6,570 Auburn (part) $ 65,000 Hunts Point $ - Pacific (part) $ 6,797 Beaux Arts Village $ - Issaquah $ 27,220 Redmond $ 47,354 Bellevue $ 49,116 Kenmore $ 22,320 Renton $ 65,000 Black Diamond $ - Kent $ 65,000 Sammamish $ 61,250 Bothell (part) $ 26,860 Kirkland $ 65,000 SeaTac $ 27,810* Burien $ 50,000 Lake Forest Park $ 26,000 Shoreline $ 36,986 Carnation $ 5,000* Maple Valley $ 24,700 Skykomish $ 5,000 Clyde Hill $ - Medina $ - Snoqualmie $ 10,000 Covington $ 13,051 Mercer Island $ 23,660* Tukwila $ 13,160 Des Moines $ 30,800 Milton (part) $ - Woodinville $ 11,570 Duvall $ 7,425 Newcastle $ 11,000 Yarrow Point $ - Enumclaw (part) $ 11,400* Normandy Park $ 5,681 22 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 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 23 Program Guidelines The awards are available to 38 cities in King County, based on a $1 per capita formula. Awards are capped at $65,000 with a minimum of $5,000 for small cities. A 50% local match, with up to 25% in-kind resources, of the total Port grant award is required. Funds cannot be used in capital projects. Cities may contract with local non-profits to deliver projects or manage initiatives. Cities may collaborate or aggregate regionally to enhance impact or outcomes. 24 Program Guidelines (continued) Projects should align with city's economic development strategy and support the Port's Century Agenda or business interests. Specific deliverables and costs must be identified and documented. Port funds will be released on a cost reimbursement basis with documentation. Cities are strongly encouraged to discuss proposed projects/uses of funds with Port of Seattle staff early in concept. The Port will accept applications starting in starting after the December 13, 2018 Kick-off meeting. 25 2019 Program Timelines November 1, 2018 2017-2018 projects final reports dues December 13 Economic Partnership 2017-2018 Meeting January 2019 Applications Submitted to POS January February Applications reviewed POS, agreements negotiated, and agreements approved with participating cities February October Project implementation November 1 2019 EDP program projects final reports dues 26 Economic Development Partnership Program The Port expects this program to drive Century Agenda goals through purposeful and powerful economic development partnerships with local cities. 27 Economic Development Partnership Program Contacts Contacts: Joe Meyer, Economic Development Manager (206) 787-3347, Meyer.j@portseattle.org Tammy Ashcraft, Asst. to Managing Director (206) 787-3209, Ashcraft.t@portseattle.org 28
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