Local Economic Development Investment Fund
Economic development at the Port occurs in direct ways, such as the development of publicly-owned marine terminals and industrial parks, as well as indirectly through community economic development investments.
Our Local Economic Development Investment Fund has an annual budget of $250,000. It is available to non-profits and municipal agencies in Pierce County, and may be used to help local jurisdictions fulfill matching requirements to receive a larger grant. Municipal entities must agree to enter into the Port of Tacoma’s Interlocal Agreement in accordance with § RCW 39.34.
Applications for the 2021 Local Economic Development Investment Fund will be accepted between Jan. 1, 2021 and Feb. 26, 2021.
- A: Road and freight rail infrastructure projects that create long-term jobs
- B: Marine tourism infrastructure projects intended to attract tourists to Pierce County from outside locations
- C: Planning activities or events promoting international trade
- D: Planning activities or events promoting tourism intended to attract tourists to Pierce County from outside locations
If your project is found to be within the Port’s statutory authority and policy guidelines, your application will be considered during the Port of Tacoma’s annual review process. See additional information and instructions on the application.
2020 Funded Projects
|Architectural Design of a new Asia Pacific Cultural Center building.|
|Chambers Creek Foundation||Enhanced Interpretive Signage Program, including sharing the marine history of their properties.|
|City of Lakewood||146th Street SW industrial park road improvements to the freight corridor leading from the Woodbrook Business Park.|
|City of Puyallup||Meridian Avenue Restoration Project, including the analysis of safety and visibility improvements around the freight rail connection where Meridian and the Central Business District intersect.|
|City of Sumner||Stewart Road Bridge Replacement: A project to replace the existing two-lane Stewart Road Bridge with a four-lane bridge, including a shared-use path and sidewalk.|
|City of Sumner||166th Avenue E reconfiguration project: Working with WSDOT, the City of Sumner will make significant improvements to the interchange of the Sumner-Tapps Highway (166th Ave. E) and SR 162. The port’s support will assist in the final design for this project to be prepared for construction.|
|Gig Harbor Canoe and Kayak Racing Team||Marine infrastructure for a human-powered watercraft dock.|
|Pierce County||Global marketing of Pierce County Commercial/Industrial opportunities web portal.|| |
|Points Northeast Historical Society||Restoration of the Browns Point Lighthouse.|
|Tacoma Sister Cities||Port support will be used by Tacoma Sister Cities for professional research, interviews and recording of Tacoma’s Sister Port and Sister Cities histories.|