2019-01-08 RM 6e

ACTION ITEM Date of Meeting January 8, 2019 DATE: December 14, 2018 TO: Stephen P. Metruck, Executive Director FROM: Dave McFadden, Managing Director of the Economic Development Division SUBJECT: Authorization of funding for the 2019 Economic Development Partnership Program Amount of this request: $960,000 ACTION REQUESTED Request Commission authorization for the Executive Director to execute contracts supporting the 2019 Port of Seattle Economic Development Partnership Program in an amount not to exceed $960,000. EXECUTIVE SUMMARY The Economic Development Partnership Program, funded by the tax levy, provides cities $1 per capita with a minimum funding amount of $5,000 and a maximum funding amount of $65,000 (same formula as prior funding cycles). The Port also requires a 50% match to ensure cities are also committed to project success. If funding is authorized, staff will start implementing the 2019 EDP program. The Port will make the program application for funds available to cities. As participating cities finalize their work plans, the associated contracts will be approved by the Port. DETAILS In June 2016, the Port of Seattle Commission (POS) created the Economic Development Partnership (EDP) program to advance local economic development in partnership with cities in King County. The Commission authorized a second round of EDP program funds in 2017. POS awarded just over $950,000 to 30 King County cities through the EDP program during the 2017- 2018 funding cycle. During this funding cycle, the Port shifted the EDP program timeline to align with the calendar year budget cycle after receiving feedback from…

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PSCAA Advisory Council Meeting Agenda
Add to CalendarMWednesday Mar 11, 9:00am - 11:35am
1904 3rd Avenue, Suite 105, Seattle, WA 98101
Call to order – Roll Call – Quorum Established – Land Acknowledgement We would like to acknowledge that our Agency operates in four present-day counties, which are the traditional lands of the Coast Salish people, past and present. This acknowledgement does not take the place of authentic relationships with indigenous communities in our jurisdiction and [...]