Q1 2023 CAM PAIGN UPDAT E
2023
2027
THAN K YO U IN V ESTO R S Thank you for your unwavering dedication to initiatives aimed at fostering economic development and talent attraction and retention in the Spokane region. This work is critical and your investment makes a significant impact in forging a path toward inclusive economic growth and empowerment of individuals and businesses to reach their full potential. This Q1 report presents a snapshot of the foundational work happening to enable overall growth and competitiveness for the industries you operate. We look forward to keeping you informed and engaged in your investment as we learn and progress the next five years. Once again, thank you for walking alongside us. Together, we are creating the future today.
Alisha Benson CEO Greater Spokane Inc.
DIAMOND
PLATINUM
1
GOLD
BECU GARCO CONSTRUCTION MULTICARE NUMERICA CREDIT UNION PEARSON PACKAGING PREMERA BLUE CROSS
SILVER
COMMUNITY COLLEGES OF SPOKANE DAA NORTHWEST DH GONZAGA UNIVERSITY MCKINSTRY ROSAUERS SUPERMARKETS UNIVERSITY OF WASHINGTON URM STORES WAGSTAFF WSU SPOKANE
BRONZE
BOUTEN CONSTRUCTION CANOPY CREDIT UNION CENTRAL PREMIX / INLAND ASPHALT CHAS HEALTH FRESH VUE GESA CREDIT UNION INLAND IMAGING KAISER ALUMINUM NUVODIA PARAMETRIX WHITWORTH UNIVERSITY
FRIENDS
BAKER CONSTRUCTION BROADWAY TRUCK STOPS EIDE BAILLY MOSS ADAMS WENDLE FORD
SUPPORTERS SNAP SUSAN STACEY
©2023 Greater Spokane Incorporated. All rights reserved. Greater Spokane Inc. is the Spokane region’s business development organization and a Non-Profit 501(C)6 with a 501(C)3 Foundation.
RE TUR N O N IN V EST M EN TS ECONOMIC DEVELOPMENT INITIATIVE IMPACT 2023
How the money willBE likely beBASED spentON based on LEVEL HOW THE MONEY WILL LIKELY SPENT EARNINGS earningsOFlevel of target jobs for Believe S pokane TARGET JOBS FOR BELIEVE SPOKANE
2027
Economic Development Initiative Impact Food
$23,102,540
Dining out
$16,889,244
Housing, shelter
$59,213,240
Utilities, fuels, and public service
$23,814,665
Housing, other
$19,820,828
Apparel and services
$9,625,564
Vehicle purchases
$22,016,548
Transportation, other
$32,419,516
Healthcare
$26,692,840
Entertainment
$16,355,150
Personal care products and services
$3,637,775
Personal insurance and pensions
$31,493,753
Other expenditures
$24,028,033 $0
$20,000,000
$40,000,000
$60,000,000 2
1
ECONOMIC DEVELOPMENT
Create 5,000 jobs and $1 billion in new capital investment through targeted business recruitment and expansion efforts in targeted sectors
Q1 CAMPAIGN UPDATE
ACTION 1 Identified, applied, and notified of $450,000 grant award from the Dept. of Commerce in partnership with AeroFlite to support the expansion of their facility and workforce (appox. 85 additional jobs). $30M capital investment opportunity.
ACTION 2 Promoted a new sales tax deferral on manufacturing equipment and facilities to area manufacturers. The deferral passed in the 2021 session with GSI support.
ACTION 3 Supported legislation that resulted in the AeroFlite expansion being eligible for aerospace tax credits and sustainable aviation fuels legislation.
Establish an Opportunity Fund to ensure the region can proactively react to unique growth opportunities Increase revenues for 50 underrepresented businesses by 25% in year one and 50% in year two after utilizing the accelerator
ACTION 1 Placed $75,000 in GSI’s investment fund to enable future, proactive response relative to new community growth opportunities.
ACTION 1 Identified four trusted brokers to assist with accelerator program participant referrals.
ACTION 2 Developed criteria for program participants to receive a “Believe in Your Small Business Grant” award following their accelerator training.
ACTION 3 Identified a resource (Kiva) as one opportunity for businesses to identify matching funds for their community accelerator grant.
Connect 100 underrepresented businesses with assistance and resources to promote the growth and expansion of existing companies and small businesses
3
ACTION 1 Provided support services to over 50 underrepresented businesses (40% BIPOC, 32% women, and 28% veteran).
ACTION 2 Worked to integrate existing tools that will assist in the identification and tracking of BIPOC and women-owned businesses assisted by GSI.
ACTION 3 Partnered with prime contractor in an event attended by 19 potential subcontractors to learn the certification process of Office of Minority Women Business Enterprise.
2023
2027
Create 5,000 Jobs 85
0
500 500
1000 1000
1500 1500
2000 2000
2500 2500
3000 3000
3500 3500
4000 4000
4500 4500
5000 5000
Create $1 Billion in New Capital Investment $30,000,000 $30,000,000
$0
$200,000,000 $200,000,000
$400,000,000 $400,000,000
$600,000,000 $600,000,000
$800,000,000 $800,000,000 $1,000,000,000 $1,000,000,000
Connect 100 Underrepresented Businesses 50 50
0 0
1010
2020
30 30
40 40
50 50
60 60
7070
8080
9090
100100
4
2023
2027
Provide 300 Internships for Post-Secondary Students 3 3
0 0
5050
100 100
150
200 200
250 250
300300
Provide Training Support for 100 Underserved Businesses 40 40
00
1010
20 20
30 30
40 40
50 50
6060
7070
80 80
90 90
100 100
Provide 5,000 students in the Spokane Region Career Pathway Experiences 232 232
00
5
500 500
1000 1000
1500
2000 2000
2500 2500
3000 3000
3500 3500
4000 4000
45004500 50005000
2
TALENT ATTRACTION & RETENTION
Establish Spokane regional partnerships, bridging businesses with education sectors to provide a minimum of 300 internships for post-secondary students
ACTION 1
Provide workforce and employee upskill training support for 100 underserved businesses in the Spokane region through external partnerships and/or grant funding
ACTION 1
Provide 5,000 students in the Spokane region career pathway experiences prior to high school graduation in partnership with Career Connect Washington and the Spokane STEM Network
ACTION 1
Establish additional Spokane regional business and education partnerships to develop 30% more career pathways and the progression through pathways to postsecondary education and/or employment
ACTION 1
Q1 CAMPAIGN UPDATE
In the design phase of creating an Internship Network Model to better connect interns to the Spokane region to strengthen talent attainment. Target: Establish model by Q3 2023.
ACTION 2 Active lead generation occurring with businesses and postsecondary schools for the creation of new internship opportunities.
Hosted 40 regional partners for the Career Connect WA (CCW) Round 11 grant writing support sessions offered by the GSI Career Connect Northeast staff in February and March 2023. Winter 2022, grant writing sessions supported five of our regional partners to earn over $550,000 in CCW Program Builder funding.
ACTION 2
GSI co-hosted Career Connect WA (CCW) virtual legislative visit to highlight three of our region’s active CCW Program Builders: Machinists Institute, WSU Stevens County, and NEW Health
GSI led the first two Business AfterSchool events and partnered with regional educators for the successful Eastern Washington Regional Science and Engineering Fair. These two events supported 310 students in a career explore opportunity.
ACTION 2 Career Connected Northeast established an events page on the GSI website for regional partners to post their career pathway experiences. There were 22 career explore opportunities posted in Q1.
Utilized THRIVE Spokane results to build partnerships, career pathways, and funding supports within targeted employment sectors to support our region’s economic growth.
ACTION 2 GSI received a $150,000 National Governor’s Association grant through the WA Student Achievement Council, in partnership with the Governor’s Office, WSU, and the WA Workforce Training Board, to establish a community of practice to meet the grant’s goals of having 20 people using a learning and employment record (LER). 6
MISSION
We lead transformative business and community initiatives to build a robust regional economy.
VISION
A vibrant Spokane region where businesses and communities thrive.
VALUES
Collaboration We are inclusive and welcome diverse perspectives that reflect the aspirations of our community. Innovation We are resourceful and creative and strive for intentional progress in all that we do. Respect We foster mutually respectful relationships between members, our partners and the community.
WHAT WE DO
As the Spokane area’s business development organization, GSI brings regional partners together to advocate for our community’s priorities with a strong, unified voice. Together, we have a greater voice for the future of our region.
7
Thank you for investing in the Spokane region. For more information, contact Lisa Poplawski Lewis | (509) 321-3619 | lplewis@greaterspokane.org
