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 $35,000. 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. 

Investments prioritize:

  • Road and freight rail infrastructure projects that create long-term jobs
  • Marine tourism infrastructure projects intended to attract tourists to Pierce County from outside locations
  • Activities or events promoting international trade, business retention or business recruitment
  • Activities or events promoting tourism intended to attract tourists to Pierce County from outside locations

2017 Funded Projects

In 2017, The Local Economic Development Investment Fund supported 10 projects in Pierce County.  Here are some highlights:

The Washington State Historical Society’s Model Train Festival

The Washington State Historical Society’s Model Train Festival, to be held around the Christmas holiday to unite history and holiday magic.

The Town of Wilkeson’s SR 165 Adventure

The Town of Wilkeson will produce 2,500 brochures detailing a Micro-adventure through the communities of Wilkeson, Buckley, Carbonado, Burnett, and Mount Rainier National Park’s Carbon River Glacier entrance (a total route of 23 miles) focusing on the corridor’s rich mining history.

Pierce Transit Ruston Trolley extension

The Community Economic Development Investment Fund’s contribution helped extend the service of the Trolley to three Third Thursdays Art Mingle days throughout the summer of 2017.

Mt. Rainier Amphitheater Summer Concert Series

Funding for the Mt. Rainier Amphitheater Summer Concert Series extended the program to include two separate shoulder season events with music and vendors at the newly completed community facility and amphitheater.

Other projects which received funding in 2017 were:

  • The Foss Waterway Seaport, to support the development of a Puyallup Tribe Museum Exhibit.
  • Pierce County Public Works, to support the economic assessment of the Canyon Road East Freight Corridor.
  • The Asia Pacific Cultural Center, to support the conclusion of a Business Development Plan for a new 390,000 square foot campus.

2016 funded projects

2017 Festival of Sail

The Foss Waterway Development Authority’s four-day maritime event featuring tall sailing vessels will bring tourism economic development to Pierce County in the form of hotel stays, increased patronage to restaurants and other travel services.

Dome Business District marketing video

The Dome Business District’s marketing video will be used to improve the district’s social and business engagement and promote area businesses. The marketing tool will assist local, regional and statewide visitors, as well as attract new businesses to the area.

Overpass upgrade on State Route 410

The City of Sumner project will upgrade an overpass and two intersections at the State Route 410 interchange with Sumner’s Traffic Avenue and Puyallup’s East Main. The truck route connects to Sumner’s industrial area and the Port of Tacoma, and 30,000 commuters travel on it each day. The Port’s contribution will help Sumner obtain grant funds for design work and leverage other grant dollars.

Signalization at Durango & Steilacoom

The City of Lakewood project will fully-signalize the intersection at Durango and Steilacoom Boulevard SW to increase freight mobility distribution. This infrastructure project helps Lakewood revitalize an underused industrial site with improved access for 54 parcels, 30 to 40 businesses, 400 employees and 22,000 daily commuters. The Port funds will be used for grant matching and to help leverage additional grant dollars.

Past funded projects

2015

  • Foss Waterway Development Authority for the 2017 Festival of Sail, a family maritime event with regional, state and national significance.
  • Mt. Rainier Visitor Association to launch the Mt. Rainier Concert Series, supporting the association's focus on creating a stable year-round economic climate through tourism.
  • Tacoma Waterfront Association to help the organization build a new website to bring visitors to Tacoma's waterfront using interactive maps and an events calendar.

 

Who to contact

Leslie Barstow
Community@portoftacoma.com 
253-428-8662

2018 proposals will be accepted in December, 2017