Item No.: Revised September 8, 2015 7c_Supp 
Meeting Date: September 8, 2015 
Economic Development Division 
2016  2020 Business Plan
Overview 
Commission Briefing
September 8, 2015 

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Introduction 
Native Washingtonian 
25+ years in economic development 
Business development 
Workforce development 
Infrastructure development 
Public Affairs 
Track record: over 2000 new jobs
created - $100s of Millions in new      David McFadden 
private investment 

Experienced  Mission Driven -- Excited! 
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Big Opportunities 
A Compelling Century
Agenda (100,000 new jobs!) 
A successful track record: 
Rebuilding the waterfront 
Building the airport 
Putting people to work! 
An institution with
powerful resources to
Making it Happen! 
strengthen our statewide
economy 
Economic Engine  Successful Track Record  Poised for Success 
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100,000 New Jobs Spur 
Statewide Economic Vitality 
Presentation today will highlight: 
1. Economic development goals to create jobs
and advance the Century Agenda 
2. Related outcome measures to focus our
energy and investments; 
3. Resources our team will need to be
successful; and 
4. Initial timelines for implementation. 
Big Vision  Big Impact 
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PARTNERSHIPS IN KING COUNTY & THROUGHOUT WASHINGTON ARE KEY TO SUCCESS 
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NEW JOBS AND ECONOMIC IMPACT 
GOAL: Tangibly support public
and private investment projects
that create new jobs and
generate economic impacts for
the Port and its local
government partners in King
County and WA State: 
targeted domestic and
international marketing efforts that
raise the Port's and the region's
image as a business location; and 
Use Port financial resources and
statutory authority to support new
development. 

New Business Development  Quality Jobs 
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Outcome Metrics  New Jobs 
& Economic Impact 
80 qualified leads from prospective companies
interested in Port or Washington state
business options; 
30 international prospects (inc. EB5 investors) 
8 site visits from expanding companies or
business investors interested in the region; 
Inventory of incubators/economic
development projects in King County and WA
state; and 
Recommendations on specific
incubator/economic development investments. 
Lead Generation  Incubator/Accelerator Investments 
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SMALL BUSINESS GROWTH & WORKFORCE 
DEVELOPMENT 
GOAL: Use our influence as a
Port to drive competitiveness
of key industry clusters
through workforce
development and effective
small business supplier
networks. 
Improve placement and wage
progression opportunities in
Airport, Aerospace, Maritime,
Manufacturing and
Construction industries; and 
Achieve 40% Small Business
utilization goal 
Cluster Support Workforce Development  Small Business Growth 
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Outcome Metrics  Support Key
Clusters 
40% small business utilization on Port
contracts/projects 
20 small business contractors supported
through PortSBE Generator (per year) 
1500 people hired through Airport employment
center (per year) 
Expand airport focused workforce
development initiatives to also impact on
maritime, construction, and manufacturing
sectors 
Supporting Small Business  Developing a Talented Workforce 
9

USE REAL ESTATE TO DRIVE 
ECONOMIC OPPORTUNITIES 
GOAL: Aggressively use
real estate assets to
drive job creation and
support key industry
clusters: 
Generate new jobs and
economic impact by
increasing property
utilization; and 
Position properties to support
growth of key clusters (ex.
Maritime and Aviation) 

Real Estate Development  Facility Management 
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Outcome Metrics  Real Estate
Development 
Real estate strategic plan completed
in 2016 
100+ acres of Port property developed 
Maintain NOI within portfolio 
90% occupancy or better at existing
properties; 
Supporting Small Business  Developing a Talented Workforce 
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INCREASE INTERNATIONAL VISITOR TRAFFIC 
GOAL: Increase
international visitor traffic
to the region and advance
the Puget Sound and
Washington state as a
leading tourist destination: 
Make Sea-Tac Airport
"Gateway of Choice" ; and 
double economic value of
cruise traffic. 

Tourism  Foreign Direct Investment 
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Outcome Metrics  Tourism 

Generate $30 million of favorable
media coverage in target markets 
Increase international cruise/stay
packages by 5% per annum 
Institute a small communities
tourism grant program 

Supporting Small Business  Developing a Talented Workforce 
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Resources Needed for Success 
$100,000 (per year) to support new business development
and foreign direct investment initiatives 
Team support: 
FTE Administrative assistant (tourism has none) 
Continuation of airport employment center contract 
$1,100,000 to support new career pathways initiative 
Expanded focus on maritime, manufacturing and
construction workforce development 
PATIENCE: impacts and results in 2017 and beyond 

Funding  Staffing - Patience 
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2016 
FDI/domestic marketing efforts start, 
King Co. incubator/economic development
investments identified 
Career pathways identified, developed and funded 
PortSBE accelerator implementation 
Strategic Real Estate plan completed 
NERA properties leased  Des Moines/Seatac 
properties ready 
Small community tourism grants established 

Planning  Implementation Development -- Evaluation 
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2017-2020 
FDI/domestic marketing efforts produce interest, visits
from prospective firms AND successful new business
investment projects 
Statewide incubator/economic development investments
identified 
Port JOBDRIVER fund established to make investments that lead to
jobs 
Port increases small business utilization from 34 to 40
percent driving $MM in contracts to small firms
throughout the region 
Workforce development and job center initiatives support
apprenticeship, certificate, and degree programs needed
by key industries 
100 acres of port property developed 
NCL terminal developed  tourism grants established 
New Business Investment  New Jobs - Property Developed  Tourism Flourishes 
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