Economic Development and Community Investment Programs
The Executive Director shall consider the following principles when making decisions about
economic development and community investment programs:
• Existing Grant and Community Benefit Programs: Prioritize community investments using
existing programs such as the Economic Development Partnership Program, Tourism
Marketing Support Program, Duwamish Valley Community Equity Program, the South King
County Fund and others.
• Partnerships to Maximize Funding Impact: Identify partnerships and coordinate efforts to
create multiplier effects of Port funding. For example, the Executive Director can leverage
Washington Department of Commerce economic recovery investments that create near-
term economic activity; expand on regional transportation investments that support the
region’s trade and travel needs; leverage city and statewide tourism promotional programs;
and address long-term infrastructure needs.
Reporting Timelines
The Executive Director shall deliver to the Commission by April 28 , 2020, a draft early action
recovery plan with recommendations and options outlining how the principles will be applied to
Port investments. By December 31, 2020, the Executive Director will update the Commission on
recovery implementation efforts and continue to provide updates on a quarterly basis
throughout 2021. The Executive Director shall compile and report on lessons learned to
incorporate innovative and new ways of doing business and report in the first quarter of 2021.
STATEMENT IN SUPPORT OF THE MOTION
The Port of Seattle is a major regional economic driver. It owns and operates vital
transportation infrastructure necessary to facilitate recovery across the state. Sea-Tac
International Airport (SEA) is the largest transportation hub in the five-state region with over 51
million passengers annually. With a regional economic impact of more than $22.5 billion in
business revenue, SEA generates more than 151,400 jobs (87,300 direct jobs), representing
over $3.6 billion in direct earnings and more than $442 million in state and local taxes.
The Port and The Northwest Seaport Alliance (NWSA) operate the 4
th
largest gateway in the
country serving farmers, manufacturers, retailers and service providers throughout Washington
and is a critical part of the supply chain. Our Maritime facilities, including cargo, cruise and
fishing operations, support over 20,000 employees including our terminal operators, longshore
workers, steamship agents and freight forwarders, trucking companies and railroads moving
cargo to and from terminals. NWSA Marine Cargo generates almost $6 billion dollars in
business output across Washington state. In addition, our cruise operation supports 5,500 jobs
and a full cruise season generates nearly $900 million in economic activity.
Because of those roles, the Port of Seattle Commission is focused on the Port’s responsibility to
plan strategically and proactively for how to help our region during this crisis and guide its