8a - Port of Seattle GrantEcg,nomic Development & Port
f
City Council Meeting
April 16, 2024
Policy Question
Should the City Council authorize staff to apply
for the 2024 Port of Seattle Partnership Program
Grant?
Background Information
• City engaged with Port of Seattle for their Economic
Development Partnership Program Grant in 2023
• Outreach and survey with 248 engagements
✓ Updated contacts
✓ Improved relationships, communication
✓ Created programs with the results of the survey
Outreach & Survey Results
• Port of Seattle - EcDev Grant Program
✓ 500 business outreach over 8 weeks
✓ 268 surveys returned
✓ 51.8% return rate (industry avg. is 4%)
"—willingness of businesses to engage with the City — the number of not
interested replies was surprisingly low... "
- Direct Interactions
"J11P
Tai
Supply Chain Connecti.
Relocation: II J
Permitting: 7.7%
Other: 3.3%
Safety Lightening: 13.21/d—
Road or Sidewalk Access: 20.
F-I
' • •
3.3'/0
Srcial Affordability: 7.3%
larketing and Promotion:4.8%
None: 37.4%
ev OUPOinn 1 Response
Public Works Projects.4.
Community Events:0,4%
Tax and Regulation: 3..0%
Supply Chain Connection: 1.5%
Relocation and Expansion:
Pe rmitting: 3.7%
Othe r: 5.2%
Safety and Lightening: 33.6
Access to Capital: 4.5%
Commercial Affordability.
Marketing and Promotion: 9.0
None: 19.8%
Road or Sidewalk Access. 5.2%
ev Question 3 Response
Supply Chain: 0.5%
Transportation: 1.0%
Road Construction: 1.5°Io "
Slow Police Response: 3.9°1.
Lightening:1.5%
Home to ssness: 22.8%
Nothing. 12.1%
5usiness Slowing Down. 1.9%
Gove rnme nt: 2.4%
Economy: 10.7%
Lack of Community: 2.4%
Staffing: 4.9%
What this means for Economic Development
With the identification of what matters to businesses, the City of Federal Way
can better tailor their policy, programs and responses to:
✓ Improve business retention and resiliency
✓ Attract new businesses to the City
✓ Create programs to support the businesses in the areas they
requested
Economic Development Solutions
Top 3 FW Business Asks:
City Support/Response:
LJSafety & Lightening ago' ✓Business Safety Programs -MST &Collaboration
with the WRA
LIMarketing &Promotion wwww0000*
LICommercial Affordability �
✓ City marketing, Digital Literacy, Start to Cart,
Authentic FW Programs
✓ Business Enterprise Start Up & Business
Incubator/Co Working Space
2024 Economic Development
Partnership Grant
Projects intended:
1. Outreach & Survey - continue our business support programs
while also maintaining accurate business information
2. Tourism & Marketing Material - establish a comprehensive
media repository for the City
a. DCl will utilize the media repository to create marketing
collateral for the City to target key audiences
DCI Marketing Collateral Examples
DO will utilize the media repository to create marketing collateral for the City to target
key audiences
Uses: or
Photography of Assets
✓ City websites, attractions,
tourism, banners, marketing
material
✓ Videography - Why Federal Way
Commerce City, Colorado
Options to Consider
1. Approve the proposed application for the 2024 Port of Seattle
Economic Development Partnership Grant Program.
2. Do not approve the proposed application for the 2024 Port of Seattle
Economic Development Partnership Grant Program and provide
direction to staff.
Mayor's Recommendation is Option 1.
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