6m 2020 EDD Partnership Program Presentation
ITEM NO: 6m supp DATE OF MEETING: December 10, 2019 2020 Economic Development Partnership Program Authorization Advancing Economic Development Partnerships Request Commission authorization for the Executive Director to execute contract agreements and implement the 2020 Economic Development Partnership program with King County cities in an amount not to exceed $965,000. Digital Story Map promoting company relocation to Redmond 2 Economic Development Partnership Program King County cities (except Seattle) receive funding to advance local economic development projects throughout the region Annual grants provided on a $1 per capita formula: Large cities capped at $65,000 Smallest cities receive a minimum of $5,000 Cities contribute a 50% project match Half of city match can be in-kind Startup 425 Workshop at King County resources Library 3 2019 Program Summary POS funds expended = $778,000 City matching funds = $577,000 23 cities participated Lower participation due to: Changes in city leadership, limited city funds, limited staff capacity, finishing 2017-2018 cycle projects Downtown Renton summer event 4 City Economic Development Projects by Type 16 14 12 Number of Projects 10 8 14 6 11 10 4 9 2 4 0 Business Business Assistance Planning & Tourism Buy Local & Recruitment and Retention Feasibility Studies Marketplace Development 5 Story Map of City Projects 6 Program Implementation Schedule December 2019 Program kick-off meeting, applications open January February Engagement with cities to scope projects, budgets, and timelines February March City initiatives reviewed, agreements negotiated and executed November 2020 2020 projects final reports due Quarterly Economic roundtable meetings with special program 7 Appendix Slides 8 Program Refinements 1. Option for cities to enter into longer contracting periods to complete projects 2. Additional technical assistance (especially for smaller cities) 3. Additional outreach and engagement Quarterly roundtable meetings Targeted outreach Homepage of KentValleyWa.com 9 2019 EDP Program Eligible, Awarded, and Expended Funds $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 Total Funds POS Funds City Match Funds Eligible Awarded Expended 10 Auburn Grant Award: $65,284 Buy Local Auburn is connecting citizens to digital content showing how local spending contributes to improvements in local services like roads through local taxes. The Auburn Innovation Partnership Zone Business Incubator doubled the number of participating businesses to 20 members and graduated 1 women-owned business. The incubator offers in-person and virtual business support classes. 11 Bellevue Grant Award: $49,253 Marketing for Bellwether Arts Festival generated 1,200 event visitors, 4,600 website visits, paid advertisements in 4+ regional publications, and earned media in 3+ regional publications. The Grand Connection summer pilot, a pedestrian street activation along a growing commercial corridor, saw strong positive responses in survey data and that pilot maintenance was "straight forward" resulting in more "confidence" for future public and private sector investments. Participated in the Innovation Triangle using Port funds and Startup425 using other funds. 12 Bothell Grant Award: $18,000 Completed a feasibility study and market analysis of a small piece of the former Wayne Golf Course Report showed market demand for a stand-alone destination, boutique hotel with meeting space and distillery or brewery component to complement outdoor recreation on the Snohomish River Trail. 13 Burien Grant Award: $36,575 Hosted Opportunity Zone workshops connecting 15 property owners and 25 investors. Two properties are under contract for redevelopment due to the workshops. 20+ businesses attended English and Spanish language small business workshops. Hosted 15 area hotel concierges at 6 Burien restaurants to increase dinning referrals to hotel guests. Prior to engagement, 50% of concierges said they had never recommended dining options in Burien. Organizing winter events and pop-up retail to promote shopping and commerce in downtown Burien. 14 Covington Grant Award: $7,250 The Green River College Small Business Development Center advised 10 Covington businesses and hosted 4 workshops on "starting a business" and "digital marketing fundamentals." 15 Des Moines Grant Award: $31,140 Developing a request for qualifications (RFQ) to engage private sector investment in Des Moines Marina redevelopment plan. The RFQ will seek investment to develop the Des Moines Marina Steps incorporating mixed-use retail or office spaces, a maker-space, and a hotel. 16 Duvall Grant Award: $7,655 As part of Savor Snoqualmie Valley, the Mountains to Sound Greenway Trust designed and distributed: 10,000 2019 event guides, 5,000 arts and culture maps, 15,000 local food and farm brochures. Digital versions of the materials had 90,000 views. 17 Federal Way Grant Award: $58,564 Created the "Discover Downtown Federal Way" opportunity report highlighting redevelopment opportunities. Marketed the 35th Korean-American National Sports Festival. 10,000 visitors attended, including about 5,000 athletes from around the nation that utilized Sea- Tac International Airport. The estimated economic impact for the region was $10 million. Hosted nearly 50 representatives from foreign countries at the Foreign Consulate Forum Tour and Lunch in Federal Way exploring international trade and business development topics. 18 Issaquah Grant Award: $34,992 Marketed the Sports Medicine Combine event and highlight the Issaquah Sports Medicine Innovation Partnership Zone. Hosted and supported Issaquah Chamber of Commerce Regional Business Summit (110 attendees) covering topics like workforce training, cybersecurity, and transportation Chamber University (33 attendees) Hosted "Cultural Conversations" (20 attendees), a workshop series supporting immigrant workers and their spouses as they enter the United States workforce. Participated in the Startup425 regional partnership. 19 Kenmore Grant Award: $22,920 The Kenmore Business Acceleration trained 16 businesses in 2019 54 businesses total since 2016 Updated professional photos for the City website and economic development materials. Hired a consultant to evaluate potential incentives and strategies to promote commercial office development. 20 Kent Grant Award: $65,000 Conducted a regional employment analysis as part of the "Rally the Valley" long-range planning study. Leading the KentValleyWa.com marketing and media positioning project. Leading the "Interurban Trail Intermodal Study" that will identify new Kent-Pacific area trail connections, trail improvements, and connections to other transit options. 21 Kirkland Grant Award: $65,000 Innovation Triangle (Partnership with 3 cities) Attended Select USA 2019 (met with 35 businesses), D.I.C.E. (19 meetings), New Space (10 new contacts), 4 others Added a business retention component and worked with 4 companies Updated 7 business districts profiles on the website and showed an increase in user engagement Startup 425 (Partnership with 5 cities) Hosted the Business Foundations Series (270 attendees), the 12-hour Small Business Essentials course (25 attendees), and Women in Business Conference (150 attendees) Created a 5-year strategic plan that explores curriculum development, more events, and developing a collaborative workplace 22 Maple Valley Grant Award: $25,280 The Green River Small Business Development Center advised 20 companies Added a streamlined business portal and real-time economic development data to the city's website. Hosted a site selection tour of developable sites with FAIBCI Seattle Chapter Advertised tourism and business opportunities in regional publications. 23 Normandy Park Grant Award: $5,706 Developed a hotel feasibility study and market collateral. The study showed demand for a "boutique, longer-stay style accommodation" complemented by Normandy Park's location. 24 North Bend Grant Award: $6,000 Created city economic development marketing materials and parcel-specific marketing materials Targeting niche companies that enhance the livability and outdoor recreation potential of North Bend. 25 Pacific Grant Award: $6,875 Participated in the Interurban Trail Intermodal Opportunity Study Participated in the Kent Valley marketing, media positioning, and website project. 26 Redmond Grant Award: $64,000 City hosted 5 business community events (684 attendees) and outreached to 200+ small businesses impacted by future Light Rail development. Created a digital "Change the World from Redmond" Story Map showing developable sites in Redmond. Participated in the Startup425 and the Innovation Triangle regional partnerships. 27 Renton Grant Award: $65,000 Siting 4 commercial businesses from multi-year retail business attraction Conducted a food incubator and commercial kitchen feasibility study Downtown events contributing to increased visitation and commerce: a new concert series, rooftop dragon art-installation/ scavenger hunt (1,000 attendees), "Summerfest" summer block party, Wine Walks (1,236 tickets sold), Small Business Saturday celebration, and winter downtown shopping events. Faade grants program supported the creation of a pilot "parklet," improved storefront signage and window displays in 3 businesses Small Business support: Startup425 "Business Foundations Series" in Renton grew significantly to 54 attended Hosted a "We're in Business" Spanish language entrepreneurship expo with 65 attendees Hosted the "Creating Stellar Storefronts" seminar (26 business owners) and offered ongoing one-on-one merchandising/storefront coaching (6 businesses), and offered on-going e-commerce and retail trends business coaching. Launched a regular Downtown Business Forum 28 SeaTac Grant Award: $29,130 Expanded the "Business Synergy" supply chain mapping and local buyer- seller match-making program by visiting 200 new businesses Expanded stakeholder engagement for businesses and property owners within the City's Central Airport Business Services District 29 Shoreline Grant Award: $55,000 Marketing of the Shoreline Place Farmer's Market supported: Increase of 9,000 visitors in 2019 (24,000 total), a 15% increase in self-reported vendor sales and a 9% increase in vendor fees, and a 4.7% increase in EBT/ SNAP Fresh Bucks spending. Northwest Filmmaking Accelerator positioned area short-film makers in a high- visibility Hollywood short-film festival. The city is organizing and inventorying music industry and night-life assets to grow and promote a local music and tourism scene. 30 Snoqualmie Grant Award: $13,000 Marketed Savor Snoqualmie Valley by: Converted the digital Historic Snoqualmie Walking Tour into displays for downtown kiosks. Created reusable heritage display boards highlighting attractions to encourage event visitors to explore other Snoqualmie Valley attractions. Grew and supported the social media channels and website. Updated and printed the Snoqualmie Valley Trail Brochure and the Arts and Culture Map. 31 Tukwila Grant Award: $19,800 Created an economic conditions briefing for the City Council with Robust business outreach and engagement to disadvantaged businesses and the community Research on business and demographic indicators Participated in the Kent Valley marketing, media positioning, and website project. 32 Woodinville Grant Award: $11,830 Incubator study was broadened to explore wine and adult beverage industry challenges. The final study explores 2 projects: A Visitor Hub that will act as "a gateway to the region" offering programming for tourists An exploration of developing an industry cooperative to lower the cost of beverages distribution 33 Appendix Program Guidelines 34 2019 Program Grant Award Utilized Algona $ - Federal Way $ 58,563 North Bend $ 6,000 Auburn (part) $ 65,000 Hunts Point $ - Pacific (part) $ 6,875* Beaux Arts Village $ - Issaquah $ 34,992 Redmond $ 64,000 Bellevue $ 49,252 Kenmore $ 22,920 Renton $ 65,000 Black Diamond $ - Kent $ 65,000* Sammamish $ - Bothell (part) $ 18,000 Kirkland $ 65,000 SeaTac $ 29,130 Burien $ 51,850* Lake Forest Park $ - Shoreline $ 55,000 Carnation $ - Maple Valley $ 25,217 Skykomish $ - Clyde Hill $ - Medina $ - Snoqualmie $ 13,000* Covington $ 7,250 Mercer Island $ - Tukwila $ 19,800* Des Moines $ 1,140* Milton (part) $ - Woodinville $ 11,830 Duvall $ 7,840 Newcastle $ - $ - Enumclaw (part) $ - $ 5,705 Yarrow Point Normandy Park Total POS Funds $ 778,179 Expended 35 2020 Program Grant Award Amounts Algona $ 5,000 Federal Way $ 65,000 North Bend $ 6,965 Auburn (part) $ 65,000 Hunts Point $ 5,000 Pacific (part) $ 6,875 Beaux Arts Village $ 5,000 Issaquah $ 37,590 Redmond $ 65,000 Bellevue $ 65,000 Kenmore $ 22,320 Renton $ 65,000 Black Diamond $ 5,000 Kent $ 65,000 Sammamish $ 64,410 Bothell (part) $ 28,570 Kirkland $ 65,000 SeaTac $ 29,180 Burien $ 52,000 Lake Forest Park $ 13,250 Shoreline $ 56,370 Carnation $ 5,000 Maple Valley $ 26,180 Skykomish $ 5,000 Clyde Hill $ 5,000 Medina $ 5,000 Snoqualmie $ 13,670 Covington $ 20,280 Mercer Island $ 24,470 Tukwila $ 20,930 Des Moines $ 31,580 Milton (part) $ 5,000 Woodinville $ 12,410 Duvall $ 7,840 Newcastle $ 12,450 $ 5,000 Enumclaw (part) $ 12,200 $ 6,610 Yarrow Point Normandy Park Total Eligible $ 1,011,150 Funding 36 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 37 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. 38 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. 39 Economic Development Partnership Program The Port expects this program to drive Century Agenda goals through purposeful and powerful economic development partnerships with local cities. 40 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 41 Thank you 42
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