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Economic Development Strategic Framework and Action Plan

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

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Economic Development Strategic Framework and Action Plan

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  1. Economic Development Strategic Framework and Action Plan • City of Tacoma • Community And Economic Development Department • Ricardo Noguera, Director City Council Study SessionFebruary 12, 2013

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

  3. 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

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

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

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

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

  8. 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

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

  10. 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. Welcome Figure Museum of Glass Steven Miller

  11. 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”.

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

  13. 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.

  14. 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. Dwelling,Downtown Tacoma Bike, Dome District

  15. International Development & Relationships Focus: 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

  16. 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. McMenamins

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

  18. Partners WTC GO LOCAL TRCVB CHAMBER TPC SPORTS COMMISSION EDB CED PORT OF TACOMA WORKFORCE CENTRAL PIERCE COUNTY EXECUTIVE COUNCIL FARMERS MARKETS CDA/NBDS BATES 18

  19. Economic Development Strategic Framework and Action Plan • City of Tacoma • Community And Economic Development Department • Ricardo Noguera, Director City Council Study SessionFebruary 12, 2013

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