Planning 2014-07-22 COMPLETE AGENDA PACKET

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In 2010, the median age of Tukwila residents was 33.6 years; nearly eight percent of all citizens were older than 65; and 24 percent of the residents were under 18. In 2010, residents of color were 50.1 percent of the population. Foreign -born residents account for 36.2 percent of the population, and over 70 languages are spoken in the Tukwila School District. The median household income in the City in 2010 was $44,271 and is below King County's median income of $66,174. Adjusting for inflation, Tukwila's median income fell between 2000 and 2010. Tukwila's 2000 adjusted median income (in 2010 dollars) was $53,127. Thus, real median income in the City fell 16.67 percent from 2000 to 2010. In 2000, Tukwila had nearly three times as many jobs as it had residents. That number fell to 2.27 in 2010. There were over 2,000 licensed businesses of all types in Tukwila in 2000. The total number of jobs in Tukwila has declined since 2000. In 2000, the City had approximately 48,000 jobs. In 2010, the total number of jobs in the City fell 11.6 percent to just over 43,000. Employment within Tukwila is distributed among a number of different sectors. Service composes the largest percentage of jobs with 32 percent of all jobs. Manufacturing is next with 25 percent ofjobs in the City. In 1991, 56 percent of all jobs in the City were related to manufacturing. In 2002, the number ofjobs in manufacturing dropped to 28 percent. Manufacturing continues to decrease in the City. This trend likely reflects the diminished presence of jobs with Boeing and other manufacturing firms in the City's industrial areas. Retail accounts for 14 percent ofjobs in Tukwila. Warehousing, Transportation, and Utilities make up 12 percent. While Tukwila remains a strong attractor of consumer spending, the City has experienced a significant reduction in taxable retail sales, once adjustments are made for inflation. When adjusted for inflation, taxable retail sales in 2010 were lower than any time within the previous 15 years. The City's sales tax decline began to occur roughly around the late 1990s. Competition for retail sales among regional retail center has grown stronger over the last ten years. ISSUES Current and existing economic trends provide a variety of complex issues for economic development in the City of Tukwila: • Provide access to the regional highway, transit and air transportation system in a way that does not handicap local property development and redevelopment efforts 3 City of Tukwila Comprehensive Plan - Community Image Element PC Recommended Draft Z: \DCD n Clerk's \PC Laserfiche Packet \2014 PC Packets \07 -22 -14 and 7- 24- 14 \B1_ECONOMIC DEV--- Element_ to_PC_w_ COMMENTS.docx 31