Economic Development Strategic Framework and Action Plan
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Transcript of Economic Development Strategic Framework and Action Plan
Economic Development Strategic Framework and Action PlanCity of TacomaCommunity And Economic Development
DepartmentRicardo Noguera, Director
City Council Study SessionFebruary 12, 2013
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
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
Central City, Dome & Brewery DistrictsFocus: Prioritize infrastructure improvements
associated with privately-financed catalytic projects and market high priority sites for development.
Brown & Haley
Focus: Support entrepreneurship and small business development and partner with higher learning institutions, technical schools and JBLM.
Small Business Development & Entrepreneurship Services
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
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
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
Workforce Development
Focus: Strengthen the quality and competitiveness of Tacoma’s workforce. Partner with higher learning and workforce institutions.
UW Tacoma Bates Technical College
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
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”.
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.
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.
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
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
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
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
Economic Development Strategic Framework and Action PlanCity of TacomaCommunity And Economic Development
DepartmentRicardo Noguera, Director
City Council Study SessionFebruary 12, 2013