Port Of Seattle Commission Agenda Memorandum: Review of Economic Development Partnership Program and 2024 Authorization Request

The Port of Seattle is requesting $900,000 to continue its Economic Development Partnership (EDP) program, which provides grants of $5,000–$60,000 to King County cities for local economic development projects such as small business assistance, tourism promotion, and workforce development. In the 2022–2023 cycle, 27 cities participated and collectively leveraged over $1.6 million in matching resources, supporting nearly 700 businesses and generating millions of marketing impressions. For 2024, the program is shifting to one-year contracts to better align with cities' biennial budget timelines.

Notes

Memo from David McFadden and Annie Tran to Executive Director Stephen Metruck requesting Commission authorization for the 2024 Economic Development Partnership (EDP) program with King County cities, not to exceed $900,000. The EDP program, funded by the Port property tax levy, provides $5,000–$60,000 grants (with 50% match requirement) to King County cities for economic development projects including small business assistance, buy local/placemaking, tourism, workforce development, and planning. Reviews 2022–2023 results across 27 cities totaling $1,415,287 in Port awards and $1,677,915 in city matching funds. Detailed city project descriptions include Auburn, Bellevue, Black Diamond, Bothell, Burien, Carnation, Covington, and regional partnerships such as Startup425. Document references the Port of Seattle Commission meeting of February 13, 2024 at Pier 69.

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