1
Century Agenda “Givens”
• Airport: The existing three runways at Sea‐Tac Airport are assumed as a maximum.
• Seaport: POS will continue to be a major international container, cargo , fishing &
cruise Port, and the PNW will continue to be a major trade gateway. The on-dock
container terminals will develop primarily through investments within the current
property footprint.
• Funding Strategy: Over the next 25 years, the Tax Levy is an important funding
mechanism for strategic opportunities which cannot be financed otherwise.
‐‐as finalized 2/24/11, Century Agenda Committee and Port staff
Port of Seattle Mission
The Port of Seattle is a public agency whose primary mission shall be to invest
public resources to advance trade and commerce, promote industrial growth,
stimulate economic development, and create jobs.
‐‐adopted August 2009
2 2
A Cluster-Based Strategy
Prosperity Partnership & the Regional Economic Strategy
PROSPERITY
PARTNERSHIP
ACCOMPLISHMENTS
NEW REGIONAL
ECONOMIC
STRATEGY
FEEDBACK AND
SUGGESTIONS
3 3
A Two-Pronged Approach
Prosperity Partnership & the Regional Economic Strategy
PROSPERITY
PARTNERSHIP
ACCOMPLISHMENTS
NEW REGIONAL
ECONOMIC
STRATEGY
FEEDBACK AND
SUGGESTIONS
4
Port Activity
Business
Revenue
Payroll
Retained Earnings,
Dividends,
Investments
Local
Purchases
Indirect Jobs
Direct jobs Re-spending Induced Jobs
Taxes
Flow of Economic Impacts
Port of Seattle Seaport Airport Real Estate Total
Jobs
52,094 138,370 3,521 193,985
Business Revenues
$4.1 billion $13.1 billion $304 million $17.6 billion
Income & spending
$4.8 billion $4.5 billion $172 million $9.5 billion
State & Local Taxes
$439 million $412 million $16 million $867 million
Port of Seattle
Economic Impact to the State
Feb Mar Apr May Jun July Aug Sept Oct Nov Dec
Century Agenda
Committee
2
nd
Tues
Media
Round-
table
Fostering
Economic
Growth
Moving
Cargo:
logistics and
growing
exports
Moving
People:
airport,
cruise ships
and tourism
Attracting
next
generation
industries
and jobs
Achieving
our
community
values
Funding
our
strategic
goals &
putting real
estate to
work
Final C/A
Presented &
Approved
Commission
Monthly Commission Updates:
developing preliminary strategic goals
Review Draft
Century
Agenda
Final C/A
Presented &
Approved
Public
Outreach
Communication Plan, POS website & email box , Social Media/TBD
--year long--
Public outreach on draft plan
Centennial
Events
Kickoff, Port
District Act
Commemoration,
Banners,
Combined
Chambers 3/4
Earth Day, Commemorative Book,
Sea Air School, Annual Reports, Maritime
Festival, Bike Rally,
Seaport Breakfast
Port 101 Series,
Fishermen’s Fall Festival,
AAPA National Convention
Chamber Event,
Holiday Card
Century Agenda:
Proposed 2011 Calendar
6
4/11/11
