Mayor Announces $2 Million Investment in Neighborhood Business Districts

Today Mayor Ed Murray joined neighborhood business district leaders and local business owners at in Seattle’s Ballard business district to announce a $2 million investment in 18 neighborhood business districts as part of the Only in Seattle Initiative.

“This investment in neighborhood business districts is critical to our city,” said Mayor Ed Murray. “Healthy business districts equate to thriving businesses, stable jobs and overall success for our city.”

Mayor Murray's announcment at Bastille Café & Bar in Ballard. April 1, 2014

Mayor Murray’s announcement at Bastille Café & Bar in Ballard. April 1, 2014

Small businesses employ 72 percent of Seattle’s workforce and contribute 35 percent of the city’s business tax revenues, totaling $55.4 million. Our local neighborhood business districts serve as the location and incubators for many of the city’s small businesses.

“The Only in Seattle Initiative is a great complement to the city’s neighborhood planning efforts that have happened throughout the years,” said Seattle City Councilmember Sally J. Clark, chair of the Committee on Housing Affordability, Human Services, and Economic Resiliency. “These investments help the major players in neighborhood business districts execute concrete steps towards a common vision.”

The Office of Economic Development (OED)’s Only in Seattle Initiative (OIS) supports investments in neighborhood business districts, and focuses on the following strategies to create healthy business districts:

  • Business and retail development (supporting businesses, enhancing business mix);
  • Marketing and promotion (events, social media, district advertising);
  • Clean and safe (graffiti removal, dumpster free alleys, lighting);
  • Streetscape and appearance (catalytic development projects, façade, public art); and
  • Business organization development to sustain the effort, including participation of an existing Business Improvement Area (BIA) or exploration to form one.

The local business communities in these seven neighborhoods have developed comprehensive, multi-year strategies, in which the city is investing a total of over $1.2 million in 2014.

  • Ballard                                                 $   85,000
  • Beacon Hill                                          $   60,000
  • Capitol Hill                                          $ 150,000
  • Chinatown / International District        $ 580,000
  • MLK (Rainier Valley)                          $ 115,000
  • Rainier Beach                                      $   85,000
  • University District                                $  150,000

“In Pioneer Square, the recruitment strategy developed in 2012 with the help of community stakeholders and funding from Only in Seattle suggested guidelines for a particular mix of restaurants, retail, and services, and recommended leading the recruitment effort with food,” said Karen True, director of business development, Alliance for Pioneer Square. “We’re very excited about our success in finding those quality, intriguing, and relevant retail businesses that help make Pioneer Square an even better place to live, work, and visit. 26 new storefront businesses opened in Pioneer Square in 2013, 15 of them restaurants, and more are scheduled to open in this summer.”

OIS is also investing $164,000 to help business districts organize and develop action plans in Belltown, Central District, First Hill, Georgetown, Lake City and South Park,

OIS is providing $60,000 to support focused investments in: Columbia City, Fremont and Pioneer Square.

This year, $500,000 was also granted to neighborhoods for capital improvement projects that enhance the commercial district experience.  In 2014, those neighborhoods are:

  • University District
  • Pioneer Square
  • Chinatown/International District
  • Roosevelt
  • Pike/Pine Corridor – Downtown
  • First Hill
  • Ballard

“My family owns Tony’s Bakery and Deli near Othello and has been a part of this community for three decades,” said Susanna Tran, retail broker with West Coast Commercial Realty and committee member of On Board Othello and the Martin Luther King Business Association. “We are eager to work with other community and business partners on a shared vision for economic development that will support the cultural and economic diversity of these neighborhoods. On Board Othello, with funding support from Only in Seattle, brings together these various partners and provides an organizing structure to work together and achieve our goals.”

Over the past three years, Business Improvement Areas (BIAs) in our business districts generated another $34.5 million in revenues to fund services and projects from regular sidewalk cleaning to beautification and marketing.

Other Program Highlights – The Only in Seattle funding will also invest approximately $119,000 to:

  • Help neighborhood business districts explore or enhance Business Improvement Areas (BIA) in the following neighborhoods: Ballard, Belltown, Capitol Hill, Chinatown/International District, First Hill, Lake City, and University District.
  • Support façade improvements for eight businesses near the Othello Light Rail Station in the MLK Othello district.

 

To see the news release on the Mayor’s blog, click here.

OED Launches New On Board Othello Webpage

A new website highlighting the Othello neighborhood has been launched by Seattle’s Office of Economic Development.

On Board Othello

 

On Board Othello is focused specifically on fostering strong and vibrant commercial growth in the Othello/Graham MLK corridor. Current organizations involved include: Artspace, HomeSight, MLK Business Association, Othello Park Alliance (OPA), Othello Station Community Advisory Team (OSCAT), Rainier Chamber of Commerce, Rainier Valley Community Development Fund (RVCDF), SouthEast Effective Development (SEED), City of Seattle Office of Economic Development, and City of Seattle Department of Neighborhoods, and the list continues to grow.

 

The webpage includes links to an Othello-Graham Retail Real Estate Market Analysis and an Othello Retail Analysis. Both analyses can help inform local business owners as they START, GROW, and GREEN their business.

See the webpage here.

Only in Seattle Information Sessions

A series of meetings will be hosted by the Office of Economic Development and Impact Capital to introduce new neighborhood business districts to the Only In Seattle Initiative and to update existing districts on the changes in 2014.

The 2014 Request for Applications (RFA) will be released on October 1, 2013. Part of this series also includes two sessions that will focus on how to submit an application for 2014.

Only In SeattleIntroduction and Changes

This meeting will be held before we release the Request for Applications to introduce new districts to the Only In Seattle Initiative and to update existing districts on the changes in 2014:

  • Monday, September 23, 2013, Northgate Community Center, 10510 5th Ave. NE, Multipurpose Room, 2:00 pm – 3:00 pm

Click here to Register

Useful information for applying for the 2014 Only In Seattle Initiative

These two meetings will be held AFTER we release the Request for Applications to review the application and answer questions. Both sessions will have the same content, so only attending one is necessary:

  • Thursday, October 3, 2013, Seattle Municipal Tower, 700 5th Ave, 40th Floor, Room 4070, 1:00 pm – 2:00 pm

Click here to Register

  • Tuesday, October 15, 2013, Seattle Municipal Tower, 700 5th Ave, 40th Floor, Room 4096, 12:00 pm – 1:00 pm

Click here to Register

OED’S Daily Digest Three for the Week of December 10

 

SEATTLE MET’S TOP 25 RESTAURANTS THAT CAPTURE THE SOUL OF SEATTLE

SEATTLE MET

Seattle is a city whose story can be told through its restaurants. From their banquettes to their timber ceilings, their fresh-daily oysters to their inspired microseasonal innovations, these 25 restaurants etch a portrait of Pacific Northwest values, passions, and quirky idiosyncrasies. Without them, Seattle just wouldn’t be Seattle. ForSeattle Met‘s annual guide to the top dining in Seattle, they list both innovators and classics with a strong culinary vision and a deep reverence for seasons, local ingredients, and a sense of place – in short, the very best places to eat right now.

 

THE TOP 10 SKILLS THAT WILL GET YOU HIRED IN 2013 

FORBES

The most in-demand jobs for the new year might be rooted in the booming computer industry, but it’s not only technical and programming skills that prospective hires should be showcasing. Rich Milgram, CEO of the career network Beyond, said the most sought-after skill-sets for recruiters have to do with how you think systems through and work within the context of a team. In a nutshell, it’s less about learning technology and more about having a mindset to apply learned skills and being both thorough and detail-oriented.

 

THE TOP 10 SMARTEST CITIES IN NORTH AMERICA

FAST COEXIST

Some cities are adding high-tech infrastructure. Some are implementing revolutionary sustainability plans. Others are fostering innovative business and science developments. But which city combines these qualities and others to be the smartest city? According to Fast Coexist, Seattle ranks number three in North America under a system called the Smart Cities Wheel, which contains six key components of smart cities and three key drivers for each component. Seattle scored in the top three in four of the six components of the Smart Cities Wheel, taking third place overall. Seattle achieved the top billing in “smart governance,” grabbing a number one position in the “e-governance” ranking. In addition, the city has always done well on “green rankings” and had the highest “economic performance” rank.

Stockbox brings good food to where people live

STOCKBOX BRINGS GOOD FOOD TO WHERE PEOPLE LIVE
SEATTLE TIMES
On Sunday, Stockbox, the grocery store in a re-purposed storage container, ended its trial run of what two local business-school grads hope will be an answer to the national problem of “food deserts” – high-density, often low-income neighborhoods that lack access to healthful foods. As part of a local effort to address these “food deserts,” the Seattle Office of Economic Development helped Stockbox buy its refrigeration units through the Healthy Foods Here program.

OED ANNOUNCES AN INTEGRATED BUSINESS RETENTION AND EXPANSION SERVICES REQUEST FOR QUALIFICATIONS
OFFICE OF ECONOMIC DEVELOPMENT
The City of Seattle’s Office of Economic Development (OED) currently seeks partners with strong industry expertise and the capacity to support the retention and growth of Seattle businesses in one or more targeted sectors including maritime, clean tech, life sciences, industrial, logistics, information tech, and more.

WHO RULES THE GLOBAL ECONOMY?
NEW YORK TIMES
It seems that many of today’s economists see the global economy as a “decentralized competitive market that cannot be ruled.” They no longer ask who controls the global economy even though new evidence suggests that interlocking transnational companies have a high concentration of global economic clout.

University of Washington says its annual economic impact is $9.1 billion

University of Washington says its annual economic impact is $9.1 billion
Puget Sound Business Journal
The University of Washington has a $9.1 billion annual economic impact on the state of Washington, according to a new report prepared by a Pittsburgh consulting firm.

Mayor Mike McGinn proposes letting bars stay open later, or all night
Seattle Times
Letting bars serve liquor later or even all night is one option Mayor Mike McGinn is considering as part of a new Seattle Nightlife Initiative to curb nightclub noise and violence. McGinn presented his proposal – which also includes required bar security-officer training, tighter noise restrictions and more late-night bus service – at a rock-concert-themed news conference Tuesday night on Capitol Hill.

Washington ranked 15th top state for business by CNBC
CNBC
CNBC yesterday released its America’s Top States for Business 2010 ranking. Washington was ranked at number 15. They use publicly available data on the metrics in each of the ten categories to score the states, and then add up those scores to rank America’s Top States for Business.

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As a service to the Seattle business community, the Office of Economic Development curates a daily business news blast, Daily Digest. As a new trial feature on Bottom Line, we’re posting a handful of stories from the Daily Digest every day.  Find the stories informative or helpful? Keep checking Bottom Line or sign up for Daily Digest to receive the full version in your inbox every day. Subscribe to the Daily Digest here.

“Job Sector Survey” now open to collect measurable data from King County employers

“Job Sector Survey” now open to collect measurable data from King County employers
It’s Time for Business
Take the survey! Your response will help inform business leaders, elected officials, policy makers and key community stakeholders as they make decisions that could impact businesses. Partners working on the project include local and regional business organizations, as well as the Prosperity Partnership, King County, Seattle’s Office of Economic Development, the Washington Research Council and enterpriseSeattle.

King County home-lot sales on pace to more than double
Puget Sound Business Journal
Prices are down 25 percent or more as banks liquidate foreclosed property; some sell for well below cost. Residential lots are selling briskly and at deep discounts in King County, as banks shed acres of vacant property seized in foreclosure.

A look at what’s coming up for business
Seattle Times
Along with all the quarterly earnings reports are a slew of economic reports.  For example, on Tuesday, the Commerce Department releases the May update on the trade deficit, and the Treasury releases figures on the federal budget deficit for June.

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As a service to the Seattle business community, the Office of Economic Development curates a daily business news blast, Daily Digest. As a new trial feature on Bottom Line, we’re posting a handful of stories from the Daily Digest every day.  Find the stories informative or helpful? Keep checking Bottom Line or sign up for Daily Digest to receive the full version in your inbox every day. Subscribe to the Daily Digest here.

A local approach to solving problems with foreign aid

A local approach to solving problems with foreign aid
Seattle Times
The Seattle area’s large global-development community says it’s time to fix the important yet overlooked national strategy. The system of U.S. foreign aid is broken, Seattle experts on development issues say. Now local nonprofits, businesses and educational institutions hope to have a direct impact on how it’s fixed.

The Comet, on Capitol Hill, stars as Grassroots movie shoot continues
Capitol Hill Seattle Blog
Pike/Pine preservation has value beyond urban development circles, turns out. The venerable Comet Tavern was still around to play itself Tuesday during shooting of the film Grassroots. CHS wrote about the production’s Hill shooting schedule last week.

Why higher postal rates are good for the economy, businesses, consumers, and environment
Newsweek
The U.S. Postal Service, confronting a $7 billion loss in 2011, has requested a 2-cent increase in first-class postage. When the U.S. Postal Service loses money, it’s effectively subsidizing inefficient business models and operations. And less mail would be better for the economy.

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As a service to the Seattle business community, the Office of Economic Development curates a daily business news blast, Daily Digest. As a new trial feature on Bottom Line, we’re posting a handful of stories from the Daily Digest every day.  Find the stories informative or helpful? Keep checking Bottom Line or sign up for Daily Digest to receive the full version in your inbox every day. Subscribe to the Daily Digest here.

NOAA botched decision to move Seattle fleet to Oregon, audit finds

NOAA botched decision to move Seattle fleet to Oregon, audit finds
Seattle Times
Before deciding to move its research fleet from Seattle to Newport, Ore., the National Oceanic and Atmospheric Administration (NOAA) failed to adequately consider the possibly cheaper option of existing federal facilities in Seattle, a federal auditor’s report says. Please click here to view Senator Maria Cantwell’s full press release.

NDC partners with the City of Seattle and Seattle Steam on a $32 million investment
National Development Council
The National Development Council (NDC) today announced the closing of a $32 million New Markets Tax Credit (NMTC) deal that will allow Seattle Steam, a privately-owned district heating utility, to convert its boiler from natural gas to biomass. “With their expertise in NMTCs and other financing tools, NDC plays a vital role in helping us move forward projects like Seattle Steam that are important to Seattle,” said Steve Johnson, Acting Director of the Office of Economic Development.

Get ready for fireworks in Seattle and Bellevue
Seattle Times
Civic pride and spectacular fireworks will be on display at Seattle’s Family 4th at Lake Union, “A Celebration For The People, By The People,” paid for by hundreds of businesses and individuals who stepped up to ensure that the popular annual celebration would go on this year. 

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As a service to the Seattle business community, the Office of Economic Development curates a daily business news blast, Daily Digest. As a new trial feature on Bottom Line, we’re posting a handful of stories from the Daily Digest every day.  Find the stories informative or helpful? Keep checking Bottom Line or sign up for Daily Digest to receive the full version in your inbox every day. Subscribe to the Daily Digest here.

Seattle to host two NCAA Division I National Championships

Seattle to host two NCAA Division I National Championships
Seattle Sports Commission
The Seattle Sports Commission (SSC) is excited to announce that both the 2012 NCAA Division I Men’s Swimming and Diving Championship and 2013 NCAA Division I Women’s Volleyball Championship will be hosted in western Washington.  

The Ave: It rises, falls, rises again
Seattle P-I
This concentration of micro-boroughs continues to be a distinct feature of the Ave (University Way NE). It’s one of the few major retail corridors (home to some 250 businesses) that hasn’t lost its mom-and-pop character, or its characters.

Seattle LGBT Commission launches needs assessment survey for community
City of Seattle
The Seattle LGBT Commission has launched a new website and online survey to assess the needs of the lesbian, gay, bisexual and transgender community in Seattle on issues including housing, education, health, public safety and community involvement. Results will be used by the Commission, City departments, nonprofit organizations, businesses and associations to address the issues raised.

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As a service to the Seattle business community, the Office of Economic Development curates a daily business news blast, Daily Digest. As a new trial feature on Bottom Line, we’re posting a handful of stories from the Daily Digest every day.  Find the stories informative or helpful? Keep checking Bottom Line or sign up for Daily Digest to receive the full version in your inbox every day. Subscribe to the Daily Digest here.