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9a - ARPA Grant Projects for Econ. Dev.Deve I prrI en 41k CITY f Federal Way r } C� l Cl P J �3 , 2 `J ZJ cy J Should City Council approve use of previously designated economic development ARPA funds for 14 business resiliency projects? r) D �� *:*City Council allocated $750,000 in ARPA funds to support economic development projects in the 23/24 biennial budget. *:*Projects include: business growth, business retention and attraction, tourism, and workforce development. +Presented at Council 9/5, FEDERAL 9/26, Council 10/3 ar i o ri) x rja ri -_ffi ) �� �)] or), *:*Business Retention &Expansion est. $146,000 ****Business Attraction est. $ 99,760 Worlkfrc,�e Development V I� CJJ r� VJ CJ e PJ� � �' CJ ❖Workforce Development :•Marketing +City Wide Grant Finding est. $ 100,000 est. $ 205,000 est. $ 95,000 un on 1 *:*Option 1: v* Approve the above allocations and projects Option 2: v* Don't approve above allocations and provide staff direction Mayor's Recommendation: Option 1 P r Cu t, �!) 1-01 ff] ff I ry 1. Grant writing services 2. Grant Workshops 3. Fundraising Workshops 4. Top 100 People Places Things 5. Marketing Program (Placemaking) 6. EcDev Website Audit 7. EcDev Website 8. Digital Literacy Program (ShopFederalWay) 9. Bus. Enterprise Start Up 10.Business & CTE 11. Business Outreach Programs 12. Retail Attraction 13.Hotel Absorption 14.In Home Childcare -$95k ~$8k -$8k -$20K -$185 ~$12,6k ~$17k ~$80k ~$40k ~$20k ~$100k ~$30k -$20k ~$80k CITY f Federal Way