Q 4 2 0 23 CAM PAIGN UPDAT E
2023
2027
THAN K YO U IN V ESTO R S Believe Spokane funding provided several opportunities in 2023 to create a strong base of forward momentum enabling greater growth and competitiveness for businesses in our community. We extend our sincere gratitude to each of you as the business partners who stepped up to invest in a brighter future for our economy and workforce. Your support is instrumental in driving success and empowering growth in these areas. Together, we are building a future of prosperity and innovation. Thank you for being a part of this journey with GSI. And as always, don’t hesitate to let us know if you want to connect further to understand more about the progress. Together, we are creating the future today. We look forward to keeping you informed and engaged in your investment as we jump into year two. Prior updates can be found at BelieveSpokane.com.
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
Q4 CAMPAIGN UPDATE
ACTION 1
Had a site visit with a building products manufacturing company with $150-200 million anticipated capital investment and 41 new jobs.
ACTION 2
Following our Sales Mission to Los Angeles, our business recruitment active lead pipeline is now at 30+. An active lead is a company that we have met with that has confirmed expansion plans and is interested in locating to Spokane County. These businesses represent a mix of our target industries: 42% Life Science, 34% Advanced Manufacturing, 18% Clean Tech, 6% Architecture & Engineering firms.
ACTION 3
Prepared two applications for WA Commerce Evergreen Manufacturing Growth Grant. We identified and worked with a total of five companies in Life Science, Advanced Manufacturing, and Clean Tech. We are awaiting award notice in Q1 2024. 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 Aim & Build Consulting & Development to execute a second Spokane Inclusive Business Catalyst cohort, with a focus on rural and veteran-owned businesses. We identified seven businesses in Q4.
ACTION 2
Partnered with AHANA to prepare a third BIPOC cohort in 2024. Targeting businesses going through additional business development programs such as Impact Washington’s program that provides 80 hours of free counseling to underrepresented manufacturing businesses.
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0
ACTION 1
Connect 100 underrepresented businesses with assistance and resources to promote the growth and expansion of existing companies and small businesses
Executed new partnership with the Spokane Public Library and the Spokane County Library District to manage StartUp Spokane in an effort to make entrepreneurial assistance more regional and accessible.
ACTION 2
Secured partnership with Lee & Hayes to provide eight hours of free consulting per month to Spokane Inclusive Business Catalyst graduates and GSI member partners.
ACTION 3
Provided support services to 36 Woman owned, 15 Veteran owned, and 28 BIPOC owned businesses through our APEX program. We support small businesses on registering, bid submittals/reviews, contract performance, billing, designations, and more.
ACTION 4
Hosted two workshops Why WBE (Women Business Enterprise) Certification Matters partnered with Avista and Disadvantaged Business Enterprise Certification Program partnered with City of Spokane Valley and Greater Spokane Valley Chamber of Commerce.
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 $8,000,000 $8,000,000 $30,000,000
$0 $0$0
$200,000,000 $200,000,000 $200,000,000
$400,000,000 $400,000,000 $400,000,000
$600,000,000 $600,000,000 $800,000,000 $800,000,000 $800,000,000$1,000,000,000 $1,000,000,000 $1,000,000,00 $600,000,000
Connect 100 Underrepresented Businesses Goal Reached
50
00
50 50
100
100 100
150
150 150
237 237 237
200 200
200
250 250
250
300 300 4
30
2
TALENT ATTRACTION & RETENTION
Establish Spokane regional partnerships, bridging businesses with education sectors to provide a minimum of 300 internships for postsecondary 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
Q4 CAMPAIGN UPDATE
Organized and taught an internship best practices workshop to 21 organizations. This workshop included a panel discussion by representatives of industry and higher education.
ACTION 2
Formed working groups to create programs that provide skills and confidence to interns, toolkits for businesses to implement internship programs, and provide management skills to intern leaders. Conducted a workshop to support 26 businesses in applying for Career Connect Washington funding. Two of these businesses were underserved businesses: Woman owned White Diamond Concrete and Latino Civic Alliance.
ACTION 2
Organized The Internship Network: Business Workshop to teach best practices in developing an internship program. Engaged 21 businesses, including two underserved: Woman owned Express Employment Professionals and Veteran owned Lite-Check.
ACTION 3
Connected one underserved business, Veteran owned Lite-Check to the Evergreen Manufacturing Growth Grants Program, designed to support growth substantially. 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
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
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ACTION 1
Led two Business AfterSchool events that supported 78 students in a career exploration opportunity in partnership with Wagstaff to showcase manufacturing careers and Washington State University Spokane to highlight medical careers.
ACTION 2
Supported Associated Builders and Contractors, NEWESD 101, and Ferris High School with a Construction Trades Night attended by 790 community members.
ACTION 1
Partnered with Eastern Washington University and Providence to obtain additional funding to expand Learning and Employment Record work to the refugee population.
ACTION 2
Coordinated a campaign, Education Grows Economies, to assist school districts in Spokane County with bonds and levies. K-12 education is essential to fueling the growth of our economy as it is the foundation to ensure we have a talented workforce to fill regional jobs.
2023
2027
Provide 300 Internships for Post-Secondary Students 33
00
50 50
100 100
150 150
200 200
250250
300 300
Provide Upskill Training Support for 100 Underserved Businesses 13
2023 00
2027 10 10
20
30 30
40 40
50 50
60 60
7070
8080
9090
100100
Provide 5,000 students in the Spokane Region Career Pathway Experiences 1,296
00
500 500
1,000 1,000
1,500 1,500
2,310
2,000 2,000
2,500 2,500
3,000 3,000
3,500 3,500
4,000 4,000 4,500 4,500 5,0005,000
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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