09-28-2016 2017-2018 Economic Development Biennial• • •
Economic Development
Mission:
Produce solutions to attract and retain businesses, jobs, investments along with
improving the tax base and enhancing the quality of life in Federal Way.
Goals:
• Promote and create a sustainable, diversified and globally focused economy
• Attract, expand and retain businesses, jobs and investments that provide
employment opportunities for Federal way residents
• Alignment of reuse of former Weyerhaeuser Corporate Campus to "Next
Generation" jobs
• Build a brand to promote and enhance the image of Federal Way
• Ensure educational opportunities align with future job growth
• Formulate tools and systems to encourage entrepreneurship
A-_,CITY OF
Federal Way
• • •
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• • •
Economic Development
• Staff LTAC:
o Monthly meetings; agenda, minutes, staff reports, budget; network with community
tourism venues
o Management of Tourism Enhancement Grants;
o Hospitality Education &Training program;
o Presentation of community seminar on tourism
o Preparation of applications for 2020 US Olympic Trials; 2019, 2020 and /or 2021 NCAA
Swimming and Diving Championships and 2018 Special Olympic USA Games
• Enhanced Sister City Protocols:
o Flags, welcome banners, coffee and tea /water service, exchange of cultural gift, digital
presentations in Chambers
• Stakeholder Relations:
o Greater, FW Chamber of Commerce; Highline College SBDC; Seattle Sports Commission
Seattle /King County EDC & ED Network; Visit Seattle; Port of Seattle; Commercial
Brokers Association, South Puget Sound Chapter; National Association of Industrial
and Office Parks, Puget Sound Chapter; CCIM, Real Estate Investors Association,
Seattle Chapter; Urban Land Institute, Washington Chapter and WEDA
CITY OF
'.. Federal Way
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• • •
Economic Development
Total Budget is $236,426 of which $197,000 is for salaries /wages &
benefits. The remainder goes to Pass - Through in support of Highline
College SBDC at $20,000 and the Seattle /King County EDC at $10,000
and 1 percent is for overhead
0.01
Economic Development Budget 2017 & 18
Composition by
15
Salary, Wages and Benefits
• Supplies
Pass Through
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