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The Economic Development Board approved its 2013 Prosperity Partnership Action Items.

 

The 20 action items are designed to help improve the five foundation areas of the economy: education and workforce development, business climate, entrepreneurship and innovation, infrastructure, and quality of life. The action items also support the 10 industry clusters: Aerospace, Business Services, Clean Technology, Information Technology, Life Science and Global Health, Maritime, Military, Philanthropies, Tourism and Visitors, and Transportation and Logistics. Watch the discussion online at psrc.org.

 

For more information, contact Chris Endresen Scott at 206-971-3269 or cendresenscott@psrc.org.

 

The Economic Development Board welcomed Kevin Clark of the Washington Tourism Alliance Board of Directors for a presentation on the Washington Tourism Industry.

 

Tourism and Visitors is one of the region's 10 industry clusters. This sector employs more than 133,000 workers in the region and is estimated to have generated over $10 billion in sales in 2011. This cluster improves local quality of life and attracts external wealth to the region, which is spent on goods and services as well as taxes that help fund public services and infrastructure. Developing policies to support a robust tourism industry in the region is action item number 12 for 2013 and is being led by the Washington Tourism Alliance. View the presentation online at psrc.org.

 

For more information, contact Chris Endresen Scott at 206-971-3269 or cendresenscott@psrc.org.

 

The Economic Development Board enjoyed a presentation on the status of the Transportation 2040 Prioritization process.

 

Infrastructure is one of the five foundations of the regional economy and implementation of Transportation 2040 is action item number 15 for 2013. The region needs a transportation system that provides for the efficient movement of people, freight and goods and is funded in a manner that does not unnecessarily burden the economy. Transportation 2040 is the region's long-range plan to meet this need. PSRC is in the process of developing a method to prioritize Transportation 2040 projects in terms of nine measures: air quality, freight, jobs, multimodal, Puget Sound land and water, safety and system security, social equity and access to opportunity, support for centers, and travel. This is expected to be a part of the 2014 Transportation 2040 update. View the presentation online at psrc.org.

 

For more information, contact Robin Mayhew at 205-464-7537 or rmayhew@psrc.org.

 

In other business, the Economic Development Board:

  • Ratified David Mitchell, President of Olympic College, in recognition of the crucial role education plays in economic development, as a new Presidential Appointment to the board.
  • Set its meeting dates for 2013 as March 6, May 1, September 4, and November 6 from 1-3 pm.