Congressman Adam Smith (D-Tacoma) announced today that the U.S. Department of Commerce’s Economic Development Administration (EDA) has approved the Central Puget Sound Economic Development District’s applications for their economic development planning program and for an EDA direct investment. CEDC will receive $100,000 for program implementation and $96,000 to develop an economic cluster development plan for vacant areas adjacent to Sea-Tac Airport.
“The approval of these funds is great news for the Central Puget Sound area,” Smith said. “The funding will allow the region to maintain its eligibility for EDA public works grants and other kinds of assistance. Local communities can receive funding to strengthen their physical infrastructure, and create family-wage jobs for members of their community. I expect to work closely with the Economic Development District on projects, like the Lakewood sewer, that are critical to our region.”
The EDA planning grant award will help the Economic Development District work with local governments and other economic development organizations to create family-wage jobs in the central Puget Sound region. The Economic Development District will use the funds to help coordinate economic development in the region, provide technical assistance and prioritize public works projects within the region for EDA funding. The grant award is especially critical now, when Washington state has one of the highest unemployment rates in the nation.
The New Economic Strategy Triangle (NEST) initiative is a partnership between the cities of Des Moines, SeaTac and Burien, the Economic Development District and the Port of Seattle. NEST will examine how to best use industrial and commercial properties near Sea-Tac International Airport and maximize their economic potential.