2020 06 24 StART Meeting Presentation economic recovery

• Supportive human resource policies and guidance • Safe work environment • Actions to support tenants and concessionaires • Rent relief: deferrals for ADR, Maritime/EDD tenants, moorage customers, etc. • Fee relief for airport ground transportation concessions Port of Seattle’s Interwoven Priorities Equity Sustainability Safety/Resiliency Aviation Maritime Economic Development Corporate Lines of Business / Operations / Asset Management ENVIRONMENT COMMUNITY SAFETY / PREPAREDNESS / RESILIENCY FINANCIAL MANAGEMENT CYBER SECURITY INNOVATION/CONTINUOUS IMPROVEMENT Fiscal Responsibility Cyber Security Adaptive Organization The Plan Strategy 1: Infuse equity principles and practices into organizational structure, programs, policies, and processes. STRATEGY 2: Provide equitable and tangible benefits to impacted communities STRATEGY 3: Building a center of expertise for Equity by establishing ourselves as a resource internally and externally. Office of Equity, Diversity and Inclusion vision Develop a Port that mirrors the diversity of our community, instills principles of equity in its culture, and ensures a fair and intentional distribution of opportunities with the goal of expanding economic development and quality of life for all. Equity Framework for Recovery Core principles for economic recovery actions complement the Commission’s directives on COVID-19 response: • Integrate Values of Equity and Inclusion • Prioritize the Most Vulnerable • Mitigate Economic Loss • Ensure Language and Cultural Competence • Support Community-based Organizations Recovery Initiatives and Investments • Youth Employment Initiative $1.5 MM • South King County Fund $1 MM • Travel/Tourism Partnership $1.5 MM • Small Business Assistance $250k PLUS • Economic development grants to Cities • Tourism grants and Spotlight Advertising…
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