March 6, 2013
The Economic Development Board adjusted its Public Works Prioritization Process from an annual ranking to a rolling review.
The Public Works Prioritization Process provides federal investment in economically distressed areas. Over the past ten years, the region has secured approximately $15 million for eight projects by participating in the federal program. The change to a rolling review is to better match up with the Economic Development Administration's new process. Staff will notify the region's jurisdictions of the change and update the PSRC website to reflect the new process. Watch the discussion.
For more information, please contact Jason Thibedeau at 206-389-2879 or jthibedeau@psrc.org.
The Economic Development Board reviewed and discussed its proposed two-year budget and work program.
The draft budget totals $1.5 million and outlines the EDD's responsibilities from July 1, 2013 - June 30, 2015, focusing on initiatives related to the Regional Economic Strategy. The final budget is scheduled for action by the General Assembly in April. View the presentation.
For more information, contact Diana Lauderbach at 206-464-5416,
dlauderbach@psrc.org.
The Economic Development Board discussed the work of the Growing Transit Communities partnership.
Supported by a grant from the U.S. Department of Housing and Urban Development, Growing Transit Communities is three-year effort to help communities make the most of new light rail and transit services planned for the coming decades.Part of this effort is looking at potential new financing and funding sources for affordable housing and infrastructure to support transit oriented development. View the presentation.
For more information, contact Ben Bakkenta, Program Manager, at 206-971-3286, bbakkenta@psrc.org.
In other business, the Economic Development Board:
