Economic Development Strategic Framework and Action Plan City of Tacoma Community And Economic Development Department Ricardo Noguera, Director City Council Study Session February 12, 2013

Economic Development Strategic Framework A five-year Plan for the City & Its Partners 1.Central City, Dome & Brewery Districts 2.Small Business Development & Entrepreneurship Services 3.Waterfront Development 4.Port of Tacoma & Industrial Districts 5.Business District & Neighborhood Revitalization 6.Workforce Development 7.Arts, Culture, Tourism & Hospitality Initiatives 8.Professional and Business Friendly Government 2

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 3

Central City, Dome & Brewery Districts Focus: Prioritize infrastructure improvements associated with privately-financed catalytic projects and market high priority sites for development. 4 Brown & Haley

Focus: Support entrepreneurship and small business development and partner with higher learning institutions, technical schools and JBLM. Small Business Development & Entrepreneurship Services 5

Focus: Target infrastructure and capital investments. Partner with developers and property owners to revitalize and support commercial and recreational activities. Waterfront Development 6 Thea’s Landing

Port of Tacoma & Industrial Districts Focus: Strengthen relationship with Port and assist with recruitment. Retain and expand industrial firms in the South Tacoma area. 7 Bradken Foundry Port of Tacoma

Business District And Neighborhood Revitalization Focus: Strengthen business districts to maximize revenue, including pedestrian amenities and transportation systems. Support reuse of existing buildings and infill development. 8 Hong Kong Supermarket Masonic Lodge

Workforce Development Focus: Strengthen the quality and competitiveness of Tacoma’s workforce. Partner with higher learning and workforce institutions. 9 UW Tacoma Bates Technical College

Arts, Culture, Tourism & Hospitality Initiatives Focus: Position Tacoma as a Destination City. Partner with Convention & Visitors Bureau, Chamber, and arts organizations to promote arts, culture and events. 10 Museum of Glass Welcome Figure Steven Miller

Professional and Business Friendly Government Focus: Foster a more business friendly environment with ombudsperson services and a professional, courteous, and stream-lined development review process demonstrating “Tacoma Means Business”. 11

Action Plan 12 Key Elements 1.Business Attraction, Expansion & Retention 2.Small Business Development & Entrepreneurship Services 3.International Development & Relationships 4.Downtown Development & Revitalization 5.Neighborhood Revitalization More specific areas of focus to be implemented over next 18 months.

Business Attraction, Expansion & Retention Focus: 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. 13

Small Business Development & Entrepreneurship Services Focus: Partner with agencies and community partners, providing technical workshops and events to support development of entrepreneurs and small businesses throughout the City. 14 Tacoma Bike, Dome District Dwelling, Downtown

International Development & Relationships Focus: Work with the Port, World Trade Center and Sister Cities to enhance cultural relationships and foreign investment opportunities. 15 World Trade Center Tacoma’s Sister Cities Program

Downtown Development & Revitalization Focus: Pro-actively market investment opportunities in Downtown, Hilltop, Foss Waterway, Dome and Brewery districts to establish a vibrant 24-hour community. 16 McMenamins

Neighborhood Revitalization Focus: Promote infill development, retail attraction and infrastructure improvements to enhance pedestrian-oriented business districts serving neighborhoods throughout the City. 17 Mountaineers Center Old Town

18 CEDCED PORT OF TACOMA CHAMBERCHAMBER WTCWTC WORKFORCE CENTRAL PIERCE COUNTY FARMERS MARKETS GO LOCAL CDA/NBDSCDA/NBDS EDBEDB BATESBATES TRCVBTRCVB EXECUTIVE COUNCIL TPC SPORTS COMMISSION Partners

Economic Development Strategic Framework and Action Plan City of Tacoma Community And Economic Development Department Ricardo Noguera, Director City Council Study Session February 12, 2013