TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Planning and Community Development
Carol Helland
425-556-2107
DEPARTMENT STAFF:
Planning and Community Development
Seraphie Allen
Deputy Director
Planning and Community Development
Philly Marsh
Economic Development Manager
TITLE:
title
Acceptance of a 2024 Port of Seattle Economic Development Grant in the Amount of $60,000
OVERVIEW STATEMENT:
recommendation
The City has received $60,000 in Economic Development grant funding through the Port of Seattle. The grant includes funding for the Startup425 Program (a collaborative entrepreneurship training program of five Eastside cities), an Eastside Made small business market in the Overlake Intercultural District, and the Innovation Triangle. Since 2016, the City of Redmond has received $60,000 annually from the Port of Seattle to assist with economic development programs.
body
? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
* Relevant Plans/Policies:
Comprehensive Plan policies EV-4, EV-8, EV-13, EV-14, EV-19, EV-20 and EV-21.
* Required:
Per RCW 35A.11.040, Required: acceptance of a grant requires Council approval
* Council Request:
N/A
* Other Key Facts:
The partnership between the City of Redmond and the Port of Seattle began in 2016 with the inception of the Port's Economic Development Partnership Program. Since that time, with the Port's support, the City and our local partners have been able to enhance economic development and small business assistance programs.
OUTCOMES:
Outcomes of this grant are to advance the work outlined in the draft economic development strategic plan, including supporting small businesses and entrepreneurs through the Startup425 Program and Eastside Made Market to increase the number and success of small businesses in Redmond. Additionally, this grant ...
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