ITEM NO: 7b supp DATE OF MEETING: May 14, 2019 Briefing on the results of the 2019 economic impact analysis Study Overview • Affirms that port-related jobs are numerous and usually well-paid • Performed in partnership with Port of Tacoma and The Northwest Seaport Alliance - Sea-Tac International Airport not included: studied separately in 2018 • Seattle-based consulting firm - Allows for comparison to studies of other iconic Washington industries • Findings will be used in storytelling materials such as videos and blogs. The homework that will support our storytelling 2 Cruise Increasing visitors to Seattle and Washington state 3 Strong Growth in Cruise Business Increasing local procurement by the cruise lines 4 Spending in Seattle by Cruise Passengers Data from an extensive survey effort in 2017 5 Commercial Fishing An industry looking to the future as much as to the past 6 The Seafood Catch • • Seafood catch by our vessels: • 13% of total US commercial fisheries harvest by value • 44% of all gross earnings from the North Pacific Fisheries The trade connection: • 72% of commercial fish biomass from North Pacific Fisheries was exported • Seafood is in the NWSA's top five export commodities by value Unique amongst the nation's top fishing ports for the scale of homeporting 7 The Northwest Seaport Alliance The nation's fourth largest cargo gateway 8