The Port of Seattle Commission considered authorizing up to $960,000 for its 2019 Economic Development Partnership Program, which provides grant funding to King County cities based on a $1-per-capita formula (minimum $5,000, maximum $65,000) to support local economic development projects. Eligible activities include small business development, business recruitment, workforce development, tourism, and downtown revitalization, with cities required to provide a 50% funding match. The program, funded through the Port's property tax levy, has been running since 2016 and previously awarded about $950,000 to 30 King County cities during the 2017–2018 cycle.Open full document
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A Commission agenda memorandum requesting 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. The program provides cities in King County $1 per capita (minimum $5,000, maximum $65,000) funded by the property tax levy, with a required 50% match from participating cities. Eligible activities include small business development, business recruitment, tourism development, downtown revitalization, and other community economic development projects aligned with the Port’s Century Agenda.