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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

Workshops

Workshops will be held in July to help cities further understand the use of the funds, best practices, and ways to maximize its uses.

June 29
2 – 3:30 p.m.
Bell Harbor International Conference Center
Marina Room,
2211 Alaskan Way
Seattle, WA 98121

July 6
2 – 3:30 p.m.
Kent City Hall, Centennial North, Suite 107
220 4th Ave S.,
Kent, WA 98032

July 13
11 a.m. – 12:30 p.m.
Bellevue City Hall, Room 1E-121 (first floor)
450 110th Ave NE
Bellevue, WA 98004

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.

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.


 

Economic Impact Report

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