Economic Development Strategic Framework and Action Plan
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Transcript of Economic Development Strategic Framework and Action Plan
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Economic Development Strategic Framework and Action PlanCity of TacomaCommunity And Economic Development
DepartmentRicardo Noguera, Director
City Council Study SessionFebruary 12, 2013
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Economic Development Strategic FrameworkA five-year Plan for the City & Its Partners1. Central City, Dome & Brewery Districts2. Small Business Development & Entrepreneurship
Services3. Waterfront Development4. Port of Tacoma & Industrial Districts5. Business District & Neighborhood Revitalization6. Workforce Development7. Arts, Culture, Tourism & Hospitality Initiatives8. Professional and Business Friendly Government
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Outreach• Neighborhood Business Districts• Tacoma Regional Convention & Visitors Bureau• University of Puget Sound • Tacoma South Sound Sports • Executive Council for a Greater Tacoma• Tacoma-Pierce County Chamber of Commerce• Workforce Central • Economic Development Board • Pierce County Economic Development Department • World Trade Center Tacoma • Go Local Tacoma • The Port of Tacoma• University of Washington Tacoma
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Central City, Dome & Brewery DistrictsFocus: Prioritize infrastructure improvements
associated with privately-financed catalytic projects and market high priority sites for development.
Brown & Haley
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Focus: Support entrepreneurship and small business development and partner with higher learning institutions, technical schools and JBLM.
Small Business Development & Entrepreneurship Services
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Focus: Target infrastructure and capital investments. Partner with developers and property owners to revitalize and support commercial and recreational activities.
Waterfront Development
Thea’s Landing
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Port of Tacoma & Industrial DistrictsFocus: Strengthen relationship with Port and assist
with recruitment. Retain and expand industrial firms in the South Tacoma area.
Bradken FoundryPort of Tacoma
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Business District AndNeighborhood Revitalization Focus: Strengthen business districts to maximize
revenue, including pedestrian amenities and transportation systems. Support reuse of existing buildings and infill development.
Hong Kong Supermarket Masonic Lodge
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Workforce Development
Focus: Strengthen the quality and competitiveness of Tacoma’s workforce. Partner with higher learning and workforce institutions.
UW Tacoma Bates Technical College
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Arts, Culture, Tourism & Hospitality InitiativesFocus: Position Tacoma as a Destination City.
Partner with Convention & Visitors Bureau, Chamber, and arts organizations to promote arts, culture and events.
Museum of GlassWelcome
Figure Steven Miller
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Professional and Business Friendly GovernmentFocus: Foster a more business friendly environment
with ombudsperson services and a professional, courteous, and stream-lined development review process demonstrating “Tacoma Means Business”.
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Action PlanKey Elements1. Business Attraction, Expansion & Retention2. Small Business Development &
Entrepreneurship Services3. International Development & Relationships4. Downtown Development & Revitalization5. Neighborhood Revitalization
More specific areas of focus to be implemented over next 18 months.
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Business Attraction, Expansion & RetentionFocus: Address fiscal and local economic
challenges by growing the tax base attracting, expanding and retaining industrial, regional, national, downtown and auto dealers throughout the City.
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Small Business Development& Entrepreneurship ServicesFocus: Partner with agencies and community
partners, providing technical workshops and events to support development of entrepreneurs and small businesses throughout the City.
Tacoma Bike, Dome District
Dwelling,Downtown
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International Development & RelationshipsFocus: Work with the Port, World Trade Center and
Sister Cities to enhance cultural relationships and foreign investment opportunities.
World Trade Center
Tacoma’s Sister Cities Program
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Downtown Development & RevitalizationFocus: Pro-actively market investment opportunities
in Downtown, Hilltop, Foss Waterway, Dome and Brewery districts to establish a vibrant 24-hour community.
McMenamins
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Neighborhood RevitalizationFocus: Promote infill development, retail attraction
and infrastructure improvements to enhance pedestrian-oriented business districts serving neighborhoods throughout the City.
Mountaineers Center Old Town
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CEDPORT OF TACOMA
CHAMBER
WTC
WORKFORCE CENTRAL
PIERCE COUNTY
FARMERS MARKETS
GO LOCAL
CDA/NBDS
EDB
BATES
TRCVB
EXECUTIVE COUNCIL
TPC SPORTS COMMISSION
Partners
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Economic Development Strategic Framework and Action PlanCity of TacomaCommunity And Economic Development
DepartmentRicardo Noguera, Director
City Council Study SessionFebruary 12, 2013