Res 10-579RESOLUTION NO. 10 -579
A RESOLUTION of the City Council of the City of Federal Way,
Washington, Establishing the City's Findings, Goals and Conclusions for
the Medical Device Commercialization and Innovation Incubator
Project.
WHEREAS, 35.21.703 of the Revised Code of Washington authorizes the City of Federal
Way (the "City") to engage in economic development programs and to contract with nonprofit
corporations relating to economic development; and
WHEREAS, the City's Comprehensive Plan, as required pursuant to the Growth
Management Act, envisions the City's participation in economic development as increasing the
number of jobs within the City; and
WHEREAS, enterpriseSeattle is a nonprofit corporation formed for the purpose of providing
assistance to cities in regards to economic development; and
WHEREAS, on July 7, 2009 the City Council authorized the City Manager to execute a
contract with enterpriseSeattle for the purpose of conducting a feasibility study to determine if there
was a demand within the City for medical device innovation, and;
WHEREAS, an Advisory Committee was formed for the purpose of discussing the feasibility
of the incubator, the necessary research, identifying partners to participate in the survey, and other
related items for the feasibility study; and
WHEREAS, on February 2, 2010 enterpriseSeattle presented its findings to the City Council
at a regularly scheduled Council meeting; and
WHEREAS, based upon the stated goal and findings of the feasibility study, the City Council
authorized the implementation phase for the medical device innovation economic development
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project ( "Project "); and
WHEREAS, the State Senate proposed an appropriation of $100,000, which the City must
match, to assist the City in its economic development efforts through the medical device innovation
project and/or business. The proposal remains in the pending State budget.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF FEDERAL WAY,
RESOLVES AS FOLLOWS:
Section 1 . Goal The goal of the Project, consistent with the City's GMA Comprehensive
Plan and with RCW 35.21.703, is to position Federal Way as leader in the region for discovery and
commercialization of healthcare innovation occurring at the point -of care and in doing so
substantially increase the relative importance of healthcare as a significant contributor to the City's
economy through job creation, job recruitment and growth in wages.
Section 2 . Findings The feasibility study revealed the following statistics:
A. Healthcare in the City of Federal Way is a growing sector where
approximately 280 firms provide more than 5,300 jobs thereby accounting
for 17% of citywide jobs in 2008.
B. The City's healthcare sector is primarily service- oriented and produced an
estimated $370 million in revenues in 2008.
C. Medical device and IT development offer high wages and have higher
multiplier effects than service - oriented medical jobs.
D. Local health care leaders suggest that innovations align with current and
future needs for cost savings and increased efficiency in health care
delivery.
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E. While the medical device business would be located in Federal Way, it
will have the ability and technology to reach beyond the city limits to
achieve its commercial objectives.
Section 3. Implementation Phase of the Project. The primary function of this phase will be
to establish a business and implementation plan, resulting in establishment of a private nonprofit
medical incubator business, with viable and fundable innovations and ready for investor and
subscriber participation.
Section 4 . Conclusions. The City Council of Federal Way concludes:
1. A fully functional medical device innovation incubator business will
produce economic development benefits through the formation and
recruitment of new high- quality, family -wage jobs in Federal Way.
2. The creation of more jobs in Federal Way will help fulfill the Growth
Management Act mandated goals of achieving a greater housing jobs
balance in the City, thereby helping to reduce traffic congestion.
3. Through a potential relationship with Highline Community College and
its subsidiary Small Business Development Center, the medical device
innovation business has the potential to foster greater practical
relationships between the health -care business sector and higher
education in Federal Way.
Section 4 . Severability If any section, sentence, clause or phrase of this resolution should be
held to be invalid or unconstitutional by a court of competent jurisdiction, such invalidity or
unconstitutionality shall not affect the validity or constitutionality of any other section, sentence,
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Rev 1 /10
clause or phrase of this resolution.
Section 5 . Corrections The City Clerk and the codifiers of this resolution are authorized to
make necessary corrections to this resolution including, but not limited to, the correction of
scrivener /clerical errors, references, resolution numbering, section/subsection numbers and any
references thereto.
Section 6 . Ratification Any act consistent with the authority and prior to the effective date
of this resolution is hereby ratified and affirmed.
Section 7 . Effective Date This resolution shall be effective immediately upon passage by
the Federal Way City Council.
RESOLVED BY THE CITY COUNCIL OF THE CITY OF FEDERAL WAY,
WASHINGTON this 6th day of April, 2010.
CITY OF FEDERAL WAY
MAY R, LINDA K CHMAR
ATTEST:
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CITY CLERK, CARD MC LY, CMC
APPROVED AS TO FORM:
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CITY ATTORNEY, PATRICIA A. RICHARDSON
FILED WITH THE CITY CLERK: 3/30/2010
PASSED BY THE CITY COUNCIL: 4/6/2010
RESOLUTION NO.: 10 -579
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