Highline Forum 220525 Port Seattle Edd Grants Partnerships Tourism

• Created by the Port Commission in 2016. • The program provides Cities per capita funding to advance local economic development throughout the region. • Annual grant funding provided on a $1 per capita formula: • Grants capped at $60,000 • Smallest cities receive a minimum of $5,000 • Provides cities some flexibility to define local economic development projects. • Work needs to tie to Century Agenda and/or Port business interests. • Require a 50% local match to ensure cities are also committed to project success (monetary or in-kind). Priorities: Pandemic Relief and Recovery • Narrowed eligible uses of grant funds to focus on economic relief and recovery: 1. Small business (and key industry) assistance 2. Buy local and marketplace development 3. Local tourism promotion 4. Workforce retention/ development 5. Custom COVID-19 Response • Focus on supporting impacted businesses, communities, and workers 2021 in Review: Partnership Grants Advanced Economic Recovery Cities Participated Port Funds Used = $839,880 City Match Funds = $643,760 Total Investments = $1,483,640 Grant Project Focus Port Award % of Port Award City Match Total Investment (Port Award + Match) Small Business Assistance $429,148 51% $339,324 $768,472 Buy Local/ Placemaking $177,701 21% $135,925 $313,626 Tourism $114,741 14% $137,135 $251,876 Custom COVID-19 Response $80,290 10% $30,876 $111,166 Workforce Development $38,000 5% $500 $38,500 Total $839,880 100% $643,760 $1,483,640 Economic Development Partnership Awards by Project Category Successes – Small Business Assistance • Startup 425 and Restart 425 initiatives to support small businesses started by five eastside cities. • Kent…

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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 [...]