Q2 2023 CAM PAIGN UPDAT E
2023
2027
THAN K YO U IN V ESTO R S Thank you for your investment toward advancing inclusive economic development and talent attraction and retention for the Spokane region. This Q2 campaign update presents a snapshot of the foundational and ongoing work that is enabling overall growth and competitiveness for the industries you operate. Prior updates will be located on BelieveSpokane.com for the convenience and opportunity to revisit previous accomplishments. Thank you for walking alongside us. We look forward to keeping you informed and engaged in your investment as we progress toward 2027. Together, we are creating the future today.
Alisha Benson CEO Greater Spokane Inc.
DIAMOND
PLATINUM
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
ALLIANT 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
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©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
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ECONOMIC DEVELOPMENT
Create 5,000 jobs and $1 billion in new capital investment through targeted business recruitment and expansion efforts in targeted sectors
Q2 CAMPAIGN UPDATE
ACTION 1
Attended four trade shows and one sales mission to the Bay Area. Met with more than 30 companies and generated 16 business leads internally rated at good or above in likelihood to generate a site visit and potential expansion in the region. Companies represent target sectors of life science, advanced manufacturing, and green tech.
ACTION 2
Participated in numerous conversations regarding tech hub funding opportunities. Efforts are coalescing around an advanced materials proposal and a life science proposal.
ACTION 3
Completed the preliminary design criteria for the Evergreen Bioscience Innovation Building to be utilized as a graduation and shared resource space to grow life science companies.
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.
Opportunity Fund investment total as of this report = $75,000
ACTION 1
Partnered with AHANA to create the Spokane Inclusive Business Catalyst, a small business accelerator program. Developed program curriculum and identified class instructors for 10 BIPOC business owners to participate in the first cohort.
ACTION 1 Connect 100 underrepresented businesses with assistance and resources to promote the growth and expansion of existing companies and small businesses 3
Provided support services to more than 40 underrepresented businesses (36% BIPOC, 54% women, and 10% veteran). Forty of these come from our PTAC/APEX program. We support small businesses on registering, bid submittals, bid reviews, marketing assistance, contract performance, billing, small business designations and more. The other assistance was connecting several BIPOC businesses to business planning and marketing resources.
ACTION 2
Assisted a rural business in Rockford, WA to obtain a Disaster Relief Grant from the Washington State Department of Commerce due to loss of inventory and closure for a week due to the 2022 hail storm.
2023
2027
Connect 100 Underrepresented Businesses 90 90
00
1010
20 20
30
40 40
5050
6060
70 70
80 80
90 90
100 100
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2
TALENT ATTRACTION & RETENTION
Establish Spokane regional partnerships, bridging businesses with education sectors to provide a minimum of 300 internships for post-secondary students
Q2 CAMPAIGN UPDATE
ACTION 1
Developed and delivered a survey to determine capacity for interns, the need to connect industry with universities/colleges, and the need for a workshop to help businesses succeed with interns.
ACTION 2
Active lead generation with contacts to 45 businesses and postsecondary schools for the creation of internship opportunities.
ACTION 3
Partnered with seven local organizations to provide 57 businesses Hiring & Retention Strategies tools.
Provide workforce and employee upskill training support for 100 underserved businesses in the Spokane region through external partnerships and/or grant funding
ACTION 1
Supported 15 businesses in grant applications for Career Connect Washington Program Builder Funding and Apprenticeship Building America Grant to produce Career Pathway experiences.
ACTION 2
Partnered with more than 15 local organizations to continue developing the Coordinated Community Mentoring Program (CCMP) to increase post high school educational attainment.
ACTION 3
Partnered with seven local organizations to provide 57 businesses with Hiring & Retention Strategies tools, such as: • • • •
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
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Transform your hiring Diversify your workforce Upgrade the culture Update compensation packages
ACTION 1
Led two Business AfterSchool events and partnered with NEWESD 101, Spokane Community College, and East Valley School District with Automotive, Healthcare, and Construction Trades nights. Supported the Automotive Skills challenge. These events provided more than 900 students career exploration opportunities.
ACTION 2
Partnered with Providence Health to recruit 25 students to participate in an Ortho Watch Live remote surgery viewing.
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
Mapped and highlighted three career pathways for education and early childhood learning.
ACTION 2
Partnered with Eastern Washington University and Providence Health to establish a Summer Bridge LER Partnership through the use of the Merit Learning and Employment Record (LER).
2023
2027
Provide 300 Internships for Post-Secondary Students 3 3
0 0
5050
100 100
150 150
200 200
250 250
300300
Provide Training Support for 100 Underserved Businesses
00
2020
4040
60 60
80 80
Goal Reached
137
100 100
140
120 120
Provide 5,000 students in the Spokane Region Career Pathway Experiences 1,296 1,296
00
500 500
1,000 1,000
1,500 1,500
2,000 2,000
2,500 2,500
3,000 3,000
3,500 3,500
4,000 4,500 4,500 5,0005,000 4,000
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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.
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Thank you for investing in the Spokane region. For more information, contact Lisa Poplawski Lewis | (509) 321-3619 | lplewis@greaterspokane.org
