THE INDUSTRIAL DEVELOPMENT CORPORATION
OF THE PORT OF SEATTLE
NOTICE OF SPECIAL MEETING
The special meeting of the Industrial Development Corporation (IDC) of the Port of Seattle will be held
on Tuesday, August 23, 2011, at the Airport Office Building, International Auditorium, Seattle-Tacoma
International Airport, Seattle, Washington, during a recess of the Port of Seattle Commission Meeting,
which convenes at 1:00 p.m. The Agenda includes:
1) Approval of the minutes of the Industrial Development Corporation of the Port of Seattle
meeting of March 8, 2011.
2) Adoption of Resolution No. 79: Authorizing the transfer of surplus funds in the sum of
$10,000 from the Industrial Development Corporation to the Port of Seattle for the provision
of training in public sector management skills necessary to implement the economic
development programs of the Port.
Adjournment of the special meeting of the Industrial Development Corporation of the Port of Seattle.
ITEM NO. 6a
DATE OF
MEETING August 23, 2011
PORT OF SEATTLE
INDUSTRIAL DEVELOPMENT CORPORATION
AGENDA
Item No.
1
Date of Meeting
August 23, 2011
DATE: August 11, 2011
TO: Tay Yoshitani, Chief Executive Officer
FROM: Diane Campbell, Senior Corporate Financial Analyst, Finance & Budget
SUBJECT: Proposed Minutes of the Industrial Development Corporation of the Port of Seattle
Meeting of March 8, 2011
ACTION REQUESTED:
Approval of the Proposed Minutes of the Industrial Development Corporation of the Port of Seattle
Meeting of March 8, 2011. The minutes will be posted to the Port’s website once they have been
approved.
PORT OF SEATTLE
INDUSTRIAL DEVELOPMENT CORPORATION
MEMORANDUM
Item No.
2
Date of Meeting
August 23, 2011
DATE: August 11, 2011
TO: Tay Yoshitani, Chief Executive Officer
FROM: Diane Campbell, Senior Corporate Financial Analyst, Finance & Budget
Annalee Luhman, Learning and Leadership Manager, Human Resources & Development
SUBJECT: Resolution No. 79 authorizing the 2011 Economic and Trade Fellowship
ACTION REQUESTED:
Request the IDC Board to adopt Resolution No. 79 authorizing the transfer of surplus funds in the sum
of $10,000 from the Industrial Development Corporation to the Port of Seattle to fund two Economic
and Trade Fellowships as part of the 2011 Economic and Trade Fellowship program, which provides
training in public sector management skills necessary to implement the economic development programs
of the Port.
BACKGROUND:
On November 15, 2000, the IDC Board approved the transfer of $25,000 to the Port of Seattle (Port), for
the Port to contribute to the Washington Public Ports Association Educational Foundation. At that time,
the Board asked Port staff to investigate the possibility of establishing a similar scholarship program to
be funded by the IDC to benefit Port staff.
In 2001, the Port thus launched an Economic and Trade Fellowship program funded by IDC’s surplus
funds. An IDC Fellowship Sponsoring Committee, made up of representatives from departments with
special interest in this program, including Finance and Budget, Government Relations, Human
Resources and Development, and Legal, reviewed the applications and selected the first fellowship
recipient. Fellowships have been awarded every year since 2001.
On March 8, 2011, the IDC Board directed staff to continue the 2011 IDC Fellowship with the option to
offer up to three $5,000 Economic and Trade Fellowships, if there were three high quality applicants,
and also determined that 2011 would be the last year these fellowships would be offered. The Port
publicized the 2011 program by posting program information on the Compass Homepage, sending out
Port wide e-mails to generate interest, sponsoring brown-bag lunch and learn sessions, and talking
informally about the program to employees.
The Sponsoring Committee received four applications by the June deadline. The Committee reviewed all
applications and interviewed all applicants to explore their interests and backgrounds in detail. After
those discussions, the Committee recommends the following employees be awarded this year’s
Fellowships:
INDUSTRIAL DEVELOPMENT CORPORATION
Tay Yoshitani, Chief Executive Officer
August 11, 2011
Page 2 of 2, Agenda Item 2
Viesta Morris, Assistant to the Managing Director, Seaport Division. Viesta, has worked at the Port for
eight years, and recently completed her Associate of Arts degree. Viesta will use the Fellowship award to
continue pursuing an undergraduate degree that will include coursework in marketing, which Viesta hopes
will foster her interest in market segmentation and how that knowledge can be used by her and the Port to
identify potential foreign tourist markets to bring more consumers to the airport and to our region.
Robert Walgren, Communications Project Manager, Public Affairs. Robert will use his Fellowship award
for the Event and Tourism Destination Professional Certificate Program at George Washington University,
a course that focuses on environmentally and socially responsible tourism strategies. Robert has been
with the Port for a decade.
Further information on both nominees is in the attached Exhibit A.
Staff recommends that the IDC Board approve Resolution No. 79, which will allow the Port to award two
$5,000 Economic and Trade Fellowships, one each to Ms. Morris and Mr. Walgren.
PREVIOUS BOARD ACTIONS:
Since inception of the program, the IDC Board has approved $90,000 in the transfer of surplus funds
from the IDC to the Port of Seattle to fund the Port’s Economic and Trade Fellowship program as
follows:
Date
Resolution No.
Amount
November 13, 2001
65
$ 5,000
October 8, 2002
68
5,000
September 23, 2003
69
5,000
November 23, 2004
70
5,000
October 11, 2005
71
10,000
October 10, 2006
72
10,000
August 14, 2007
73
15,000
August 12, 2008
74
10,000
July 28, 2009
75
10,000
August 10, 2010
76
15,000
$90,000
Since the Economic and Trade Fellowship was initiated in 2001, 19 Port employees have received the
award. Most recipients have utilized the funds to complete their undergraduate education, pursue a
graduate degree, or study at the graduate level in certificate programs, such as in community
development and logistics. A ‘plus’ in the fellowship design is that recipients can take up to five years
to spend the award. Of the $90,000 awarded, approximately 62 percent has been spent as of June 2011.
The recipients (and members of the Sponsoring Committee) have been careful to link the work done by
employees as a result of the Fellowship with the “economic development” mission of the Port and also
to bear in mind each recipient’s professional development path, career goals and job requirements.
