HomeMy WebLinkAboutPCD 2022-12-05 Item 1A - Discussion - Economic Development Plan, Vision and GoalsCity of Tukwila
Allan Ekberg, Mayor
INFORMATIONAL MEMORANDUM
TO: Planning and Community Development Committee
FROM: Derek Speck, Economic Development Administrator
DATE: November 28, 2022
SUBJECT: Economic Development Strategy — Draft Vision and Goals
ISSUE
As part of our task to create an Economic Development Strategy for the City, staff would like to
provide a brief update and receive feedback on a draft vision statement and goals.
BACKGROUND
In June the City Council authorized the Mayor to execute a contract with Community Attributes, Inc.
(CAI) to create an Economic Development Strategy. In August the Council provided input on the
community engagement plan. In October the Planning and Community Development Committee
provided early input into the Strategy. Currently, staff and CAI are conducting community engagement
and will continue that with heavy emphasis in December. We plan to return to Council in January with
the results of the engagement and for feedback on a draft Strategy document.
DISCUSSION
At this time, we would like the Committee's feedback on a draft vision statement and goals for the
Economic Development Strategy. These will help CAI and staff move in the right direction as we
create draft strategies, actions, or other components in the document. It is likely we will revise these
further as we continue to develop the Strategy. When we return in January we will bring draft
strategies and actions to support the goals.
DRAFT Vision Statement for Tukwila's Economy
Tukwila is a vibrant community with a strong and sustainable economy that celebrates its
diversity, supports economic prosperity for all residents, and provides a foundation for
businesses of all sizes.
DRAFT Economic Development Strategy Goals
1. A Strong and Sustainable Economy
Continue to strengthen Tukwila's economy and ensure robust, sustainable tax revenues to
support essential services the City provides to businesses, visitors, and residents.
2. A Desirable Community and Positive Identity
Enhance Tukwila's sense of place and support a positive identity to ensure it is a
community of choice for businesses and residents.
3. Prosperity and Opportunity for Businesses and Residents
Expand avenues of durable economic success for workers, entrepreneurs, business
owners, and residents in Tukwila with a focus on shared prosperity and opportunity.
INFORMATIONAL MEMO
Page 2
4. A Strong Foundation for Small Businesses
Support the local small business ecosystem, including entrepreneurs, to ensure they can
thrive in place, and attract new businesses to locate or expand in Tukwila.
5. A Community that Celebrates Diversity
Continue to strengthen a business community in Tukwila that celebrates and thrives on
diversity, capturing increased market share and building resilience to economic shocks.
FINANCIAL IMPACT
Not applicable.
RECOMMENDATION
For discussion. The Committee could forward to the Council's Committee of the Whole on December
12, if appropriate.
ATTACHMENTS
Draft Economic Development Strategy Vision and Goals
2
City of Tukwila
Economic Development Strategy
Vision & Goals
November 28, 2022
Prepared by:
Prepared for:
CITY OF
TU KW I LA
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Community Attributes Inc. tells data -rich stories about communities
that are important to decision makers.
President and CEO:
Chris Mefford
Project Manager:
Elliot Weiss
Analysts:
Cassie Byerly
Bryan Lobel
Jeff Raker
Community Attributes Inc.
500 Union Street, Suite 200
Seattle, Washington 98101
www.communityattributes.com
4
Contents
Introduction 1
Background and Context 1
Puget Sound Regional Council — Regional Economic Strategy 1
Expanding Economic Opportunity 1
Global Competitiveness 1
Quality of Life 2
New and Expanded Focus Areas 2
Key Regional Export Industries and 2022 Focus 2
King County Comprehensive Plan —Economic Development (Chapter 10) 3
2015 City of Tukwila Comprehensive Plan Economic Development Element 3
2012 City of Tukwila Strategic Plan 4
Vision Statement for Tukwila's Economy 4
Preliminary Economic Development Strategy Goals 4
1. A Strong and Sustainable Economy 4
2. A Desirable Community and Positive Identity 4
3. Prosperity and Opportunity for Businesses and Residents 5
4. A Strong Foundation for Small Businesses 5
5. A Community that Celebrates Diversity 5
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INTRODUCTION
This DRAFT document attempts to articulate a vision and goals for Tukwila's
economy. The purpose of the vision and goals is to provide guidance as the
City adapts strategies and tactics to achieve that vision.
BACKGROUND AND CONTEXT
It can be helpful to understand context when adopting a vision and goals.
The following summarizes existing goal and policy statements related to
economic development from relevant city, county, and regional plans and
strategies.
Puget Sound Regional Council - Regional Economic
Strategy
The Regional Economic Strategy uses a dual approach. First, it aims to
address the near-term challenges of the COVID-19 pandemic faced by the
region's workers and businesses. Second, it identifies ways to continue to
advance the long-term success of the region's economy.
Expanding Economic Opportunity
• Equity focus throughout economic development efforts
• Expand region's childcare ecosystem
• Expand support for small and medium sized businesses and
businesses owned by marginalized communities
• Advance economic development with small cities and rural
communities
• Encourage economic growth across all parts of the region
• Provide adequate support for pre -K through 12 education systems that
serve all students
• Coordinate and expand programs in higher education and training to
address workforce gaps and advance economic opportunity for all
• Embrace, celebrate, and promote the diversity of the region's people
Global Competitiveness
• Strengthen the region's regulatory and industry competitiveness
framework
• Build resiliency into the region's export -focused industries
• Sustain and evolve the conditions necessary for innovation
• Strengthen and coordinate recruitment, retention, and investment
efforts
• Support and promote international trade and tourism
• Preserve, protect, and support ports, industrial lands, military
installations, and maritime sites
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• Build up and sustain ports and other infrastructure to support trade,
logistics, and freight mobility
• Sustain and grow commercial air travel connections domestically and
globally
Quality of Life
• Focus new growth in urban areas, regional centers, and cities
• Ensure a diversity of housing stock that is affordable and connected to
jobs
• Improve the region's transportation system
• Preserve, enhance and improve the region's environmentally critical
lands
• Ensure the region is a healthy place to live, work, and play for all
residents
• Protect the global environment
• Build resiliency into, and increase access to, the region's arts, culture,
and tourism industries
New and Expanded Focus Areas
• Equity — Forward Together Framework and Regional Equity Strategy
• Health — Address health inequities, respond to COVID-19 impacts.
• Broadband — Leverage federal funding opportunities and growth
broadband capacity.
• Housing — PSRC Regional Housing Strategy
• Workforce - Develop strategies and analysis around the region's
workforce development systems to strengthen economic recovery,
support equity, build resiliency, and develop the region's talent
pipeline. Expand childcare capacity.
• Local Planning — Technical Assistance to jurisdictions on economic
development elements, tracking job distribution, work from home
impacts, and women in the workforce.
• Regional Competitiveness — Update Industrial Lands Analysis,
examine tax increment financing best practices, provide technical
assistance to local jurisdictions in applying for federal recovery
funding, and support new industry growth opportunities (Commerce's
ICAP)
• Business Recovery
• Industry Resilience
Key Regional Export Industries and 2022 Focus
• Aerospace & Aviation — Washington Space Economy Report and
Commercial Aviation Coordinating Commission, expand production of
sustainable aviation fuels.
• Information and Communication Technology — Analyze impact of
expertise in artificial intelligence, cloud computing, and cybersecurity
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• Maritime
• Military and Defense
• Life Sciences and Global Health
• Clean Technology
• Tourism, Arts & Culture — Accelerate recovery of arts and culture
institutions, marketing efforts related to recovery and new trade.
• Transportation and Logistics
• Business Services
King County Comprehensive Plan -Economic
Development (Chapter 10)
In its commitment to foster a prosperous, diverse and sustainable economy,
the County recognizes that it must support actions and programs to promote
the success of both businesses and the workforce.
The foundation for a vibrant and sustainable economy starts with providing
livable communities and a high quality of life; a favorable business climate
with consistent and predictable regulations, an educated and trained
workforce, adequate public infrastructure, land supply, research and
advancing technology, affordable housing, available capital, recreational and
cultural opportunities, a healthy natural environment and greater equity and
opportunity for all.
Policies focus on long-term commitment to a prosperous, diverse, and
sustainable economy by promoting public programs and actions that create
the foundation for a successful economy. A successful economy is one in
which the private, nonprofit, and public sectors can thrive and create jobs
compatible with the environment and community and land use expectations.
A successful and diverse economy contributes to a strong and stable tax base
and a high quality of life for all residents. The County recognizes businesses
and the workforce as customers of an economic development system and
supports actions and programs that promote the strength and health of both
groups.
2015 City of Tukwila Comprehensive Plan Economic
Development Element
In 2015 the City adopted the current Comprehensive Plan and it includes a
chapter on economic development. That chapter states that "the City of
Tukwila is committed to the economic well-being of its residents, property
owners, and businesses because an adequate tax base is necessary to help
achieve the City's vision for the future. The most obvious role is for the City
to provide adequate services and infrastructure to complement the retail,
manufacturing uses, offices, and residences that are located in the City. The
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City's plans, programs, policies, taxes, and service levels can encourage
economic activity."
2012 City of Tukwila Strategic Plan
In 2012, Tukwila created a Strategic Plan, and one of the five goals and
objectives was "A Diverse and Regionally Competitive Economy." The
Strategic Plan was updated and amended in 2018. That Plan states that "The
City's economic development efforts will continue to be multipronged,
addressing three aspects of the City's economy:
• Protecting the City's role as a strong regional retail center and
preparing for the retail market of the future.
• Supporting the retention and expansion of the City's commercial and
industrial businesses.
• Cultivating the success of the City's entrepreneurs and small
businesses, including businesses owned by refugees, immigrants, and
non-native English speakers."
VISION STATEMENT FOR TUKWILA'S ECONOMY
This section contains a preliminary, working draft vision statement specific
to Tukwila's economy that will be refined based on additional public and
stakeholder engagement and direction from City staff and the Council.
Tukwila is a vibrant community with a strong and sustainable economy
that celebrates its diversity, supports economic prosperity for all residents,
and provides a foundation for businesses of all sizes.
DRAFT ECONOMIC DEVELOPMENT STRATEGY GOALS
This section contains an initial set of actionable, measurable goals for
inclusive, sustainable economic development in Tukwila. These goals will be
further informed by economic data and analysis, an assessment of local
assets, stakeholder engagement, and community preferences.
1. A Strong and Sustainable Economy
Continue to strengthen Tukwila's economy and ensure robust, sustainable
tax revenues to support essential services the City provides to businesses,
visitors, and residents.
2. A Desirable Community and Positive Identity
Enhance Tukwila's sense of place and support a positive identity to ensure it
is a community of choice for businesses and residents.
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3. Prosperity and Opportunity for Businesses and
Residents
Expand avenues of durable economic success for workers, entrepreneurs,
business owners, and residents in Tukwila with a focus on shared prosperity
and opportunity.
4. A Strong Foundation for Small Businesses
Support the local small business ecosystem, including entrepreneurs, to
ensure they can thrive in place, and attract new businesses to locate or
expand in Tukwila.
5. A Community that Celebrates Diversity
Continue to strengthen a business community in Tukwila that celebrates and
thrives on diversity, capturing increased market share and building
resilience to economic shocks.
TUKWILA EDS
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DRAFT VISION AND GOALS NOVEMBER 28, 2022
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