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Economic Development

The Port’s Economic Development Division is responsible for spurring our regional economy, sustaining and creating family-wage jobs by supporting small businesses, workforce development, tourism and leveraging real estate development to create jobs.

The Port owns property in King County that can be developed to provide jobs for thousands of people. Our Real Estate Strategic Plan is being prepared and will provide a roadmap to maximize the benefits and build regional prosperity.

Economic development partnership program

The Port of Seattle has authorized a new Economic Development Partnership Program to support local community economic development activities. More than $962,000 is available to cities in King County as matching funds. Based on population, each city would receive between $5,000 and $65,000 for the following 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 (ex. Maritime, Aerospace, etc.)
  • Tourism development 
  • Downtown revitalization 
  • Commercial or industrial property development 
  • Other community or economic development projects that support new investment and job creation 
  • Cities may collaborate or aggregate regionally to enhance impact

Applying for the partnership program

To apply for the program, please read the program guidelines and eligible activities carefully and attend a workshop if you are able. Then, complete an application form and return it to application@portseattle.org.
The Port will accept applications during July and August 2016. All projects must have approval and be under contract no later than mid-September.
Please email Susan Chamberlain at chamberlain.s@portseattle.org with any questions you have about the program.
 
Select this link to read FAQs about the partnership program.

Economic Development Partner Cities

​Three more King County cities have received funding from the Port of Seattle to support local community economic development activities. The second round of partnership awards will go to Bellevue, Shoreline, and Snoqualmie. The cities plan to use the funds, along with a local match, for economic development projects that support new investment and job creation.

Bellevue - $65,000

  • Establish partnerships with eastside cities to enhance Startup 425, a business support center
  • Provide export and marketing training to technology companies in preparation of attending Mobile World Congress
  • Undertake an event to recruit international technology companies identified at Select USA
  • Collaborate with eastside cities in marketing the Innovation Triangle

Shoreline - $54,500

  • Develop a Request for Expression of Interest (RFEI) Prospectus to attract public and private investment for a Shoreline Media Campus.  The Media Campus is intended for local production of movies, episodic television, commercials and gaming content and provide a flexible platform for new technology production to thrive such as VR/AR.  The RFEI will provide information on market demand, design and financial models to present this opportunity to potential investors and developers.

Snoqualmie - $12,850 

  • Collaborate with other Snoqualmie Valley cities on the Savor Snoqualmie branding and marketing campaign.
  • The City of Snoqualmie will create a poster series promoting outdoor recreation, culinary experiences, cultural heritage and local art; develop and install wayfinding signage connecting the city to the Snoqualmie Trail and develop a calendar of events which will assist online visitors to develop local itineraries.

In June 2016 the Port Commission created a new economic development fund that provides 38 King County cities funding to advance local economic development. Funding is being provided on a $1 per capita formula with a maximum of $65,000, while ensuring each city receives at least $5,000. Each city is required to provide a local match.

Port staff held three application workshops to promote the new program.  Staff also connected with cities via email and responded to numerous questions from municipalities.

The following nine cities received the first set of awards in September:

Auburn  - $65,000

  •    Develop a business to business supply chain database to promote local business
  •    Support microbusinesses and Auburn incubator tenants
​​​ Des Moines - $30,100   
  • Complete a pre-design feasibility study for a multi-use facility at the downtown Marina location.
  •   Complete a market demand assessment of the Marina and downtown as “destination locations” to accommodate future growth.
  •   Complete a parking study assessment for downtown and Marina redevelopment.
Duvall - $7,345
  •  Update City Economic Development Vision and Plan
  • Support “Savor Snoqualmie”, a new regional tourism promotion group supported by each Snoqualmie city.
  •   Continued branding and marketing efforts
Issaquah - $33,330
  •  Provide six workshops through the Chamber of Commerce for business training
  • Create a video for business recruitment and community marketing to support existing print materials.
Kenmore - $21,500
  •  Provide training and technical support to companies involved with the City’s business incubator
  •   Promote the City’s image for business development and tourism
  •    Build on local assets like Bastyr University, Kenmore Air, Edward State Park, Lakepointe and Kenmore’s emerging brewery district
Kirkland - $65,000
  • Partner with Bellevue and Redmond to promote ICT cluster growth
  • Participate in tradeshow events to attract technology companies
  • Provide business assistance to startup companies
  • Prepare an engineering study to increase transient moorage at Kirkland Marina
Normandy Park - $6,420
  •  Provide training through SBDC at Highline Community College to address small business needs 
North Bend - $6,460
  •   Develop a series of videos to promote outdoor recreation and tourism related businesses
Redmond - $59,180   
  • Develop a marketing and media package that includes video, business cluster fact sheets, print and digital brochures.
  •  Participate in business recruitment events including D.I.C.E (Design, Innovate, Communicate, Entertain) and the Space Foundation Symposium.​ 

Workshops

Port of Seattle staff held workshops for cities in King County to share information about the Port's new Economic Development Partnership Program developed to support local community economic development activities. More than $962,000 is available as matching funds to the 38 cities of King County. Depending upon its population, each city would receive from $5,000 and $65,000. The funds will be used to support small businesses in growth, job creation, expansion, retention and recruitment.
 
In the pictures below, taken on July 6 at a workshop at Kent City Hall, the Port's Economic Development Coordinator Susan Chamberlain, Procurement Administrator Patty Etzkorn and Director of Tourism and Development Ron Peck met with cities staff members from Auburn, Tukwilia, Redmond, Kent and Federal Way. Staff answered questions about the program guidlelines, application and contract specifications and budgeting.
Staff conduct an Economic Development Partnership Program workshop

 



Staff conduct an Economic Development Partnership Program workshop

Economic Development Partnership Program participants

Economic Development Partnership Program workshop participant

Des Moines Creek Business Park

The Port owns land around Sea-Tac Airport that is being redeveloped to support our airport communities and the region. The Des Moines Creek Business Park has seen high demand among businesses to locate there. In June 2016 the Port participated in a groundbreaking celebration for the new FAA Regional Headquarters that will be built there, bringing 1,600 employees. Greencore Group, a leading international manufacturer of convenience foods, is building a new facility at the Business Park for 400 employees. In total, the City of Des Moines will see more than 6,000 new jobs come to their city from the Business Park, diversifying the economic base.

Des Moines Creek Business Park aerial
Des Moines Business Park rendering


 

Click the images to enlarge

Economic impact report

The most recent economic impact report commissioned by the Port of Seattle, based on business activity data collected in 2013-2014, showed that greater than 216,000 jobs were generated by Port activity, including over 129,000 direct jobs. These jobs generated $4.2 billion of direct wages and salaries. In addition, businesses providing services at the Port-owned properties received $19.8 billion of revenue and generated $894 million of state and local taxes.​​​

 

FAQs

Economic Development Partnership Programmo


Learn how the Port of Seattle is working with other maritime businesses to encourage K-12 Career Tech programs in schools here​.


 

Economic Impact Report

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