2017-10-24 RM 4c

ACTION ITEM Date of Meeting October 24, 2017 DATE: October 16, 2017 TO: Dave Soike, Interim Executive Director FROM: Dave Caplan, Senior Director, Strategic Initiatives SUBJECT: Adoption of 2018-2022 Long Range Plan ACTION REQUESTED Request Commission approval of the 2018 – 2022 Long Range Plan. EXECUTIVE SUMMARY This approval request is for adoption and implementation of the 2018-2022 Long Range Plan (LRP). The LRP is an official document that contains the five-year plans to achieve the Century Agenda and High Performance Organization (HPO) strategies. The Century Agenda LRP lists sixteen objectives distributed among four strategies. The High Performance Organization portion of the LRP lists eleven objectives distributed among five strategies. Each objective lists 1 – 4 key priority actions that the Port of Seattle is focused on from 2018 – 2022. Each priority action lists 1 –5 milestones to be achieved in 2018. The Commissioners raised the following points in the Oct. 10th request for approval:  Century Agenda Objective 1: GROW SEAPORT ANNUAL CONTAINER VOLUME TO MORE THAN SIX MILLION TWENTY-FOOT EQUIVALENT UNITS (TEUs). It was requested we develop actions to impact the customer container demand of the Northwest Seaport Alliance (NWSA). To this end, the following milestone has been added: “Explore opportunities to expand utilization of Foreign Trade Zone #5 in partnership with NWSA and other public/private stakeholders.”  Century Agenda Objective 10: “INCREASE THE PROPORTION OF FUNDS SPENT BY THE PORT WITH QUALIFIED SMALL BUSINESS FIRMS ON CONSTRUCTION, CONSULTING, GOODS AND SERVICES TO 40 PERCENT OF THE…
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