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Home My WebLink About04/02/2024 05.B.ii. Yakima County Development Association 2023 Year End Review and 2024 Outlook 1 s, 77,v--1 a, . BUSINESS OF THE CITY COUNCIL YAKIMA, WASHINGTON AGENDA STATEMENT Item No. B.ii. For Meeting of:April 2, 2024 ITEM TITLE: Yakima County Development Association 2023 Year End Review and 2024 Outlook SUBMITTED BY: Dave Zabel!, Interim City Manager SUMMARY EXPLANATION: Yakima County Development Association's Executive Director Jonathan Smith will present on YCDA's 2023 year-end accomplishments and will give an overview of 2024 goals and work plan. The City of Yakima is a member of Yakima County Development Association (YCDA)through an annual membership. ITEM BUDGETED: STRATEGIC PRIORITY: APPROVED FOR SUBMITTAL BY THE CITY MANAGER RECOMMENDATION: ATTACHMENTS: Description Upload Date Type a YCDA Strategic Plan, FS Participants, Partnerships 3/27/2024 Backup Material ❑ YCDA Presentation 3/27/2024 Presentation 2 \\ /4,, •.0"" Yakima County _ t r .--• Development I‘Sscitiation 2024 - 2028 I CAPITAL CAMPAIGN . . YCD : • . . . . __.. 'qk WHAT WE DO ......... .2....... ..........1.111.. k16.6,..r...i..44.t.t.ato PG. .3.- . .- ' •- — - • ....,,, - -_ , _•.: WHY IT MATTERS . -- - - -- P . G.. ..'4 . WHO WE ARE ..E.,....,-* - PG"5 _ . ---,,, . r _ ,..., ..f . 4 . . . . f . ,. ' - c . . -It.•' PAST PERFORMANCE ., r . • . . - PROJECTED VS ACTUAL I , r., ...- ,_,,_ .„...... . i .PG 4 t:It.:,• - -.:: 1` ,,! . 7 . i - •r # 4 i'l:' .' &42=1.:147,,1--. .1 -I'' :,' -..,:-‘-..s..k.•.!.±-1_.4-,,.it , '•• .,•.- , ,, . 11,4 74_,.....,-......;:...- ..,..-0,0,.,0.._,:p.1 ,...t..a- 1 P., i'.- -.0„.• '31i 3. -, "14;•: 'i• --...7-1111*_. •-,•P ....t...„4......., , r -,_.. ,,,-..•_.14,,.•!ft '• - , ..- -e- 4,- , i , ' I 1 . • "'''•I':.:"Ifft'..:-! -I.4.-'',"„fel:e ,_,..,, ./ ,v. ,,'-.- c.i..:._ , „iii:r.reg.f._:"',,,,..1.,..r. Ail -4-.1' r.., .,-- .. f 1 ..r. 1 1 ...-- .,-,, . I • I ' ..::.- ' t ,..," 1 A .. ‘ ...,: •. :.i- i„„ r-. ---: —. •-; , .----r •: - _... ofeer• t'• • .1 ! . '''''ff ' • ± 'Key Takeaways -- • 1----i-.,.- - _.- - :- -.-_--..;--...-?),,,.. •!,•;--- - -,-.- -,,..,,,.. 11 , " 1, .. . 2022 Feasibility Results, . - - - - , _ ,. .L,-,°;.; )4.•,,,,?•, I . !'A,,,,,,--- . 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I . k , Pi 1 ,6 i 1 1 • _ . 1 .. .i• C— • I Growing Opportunities, Cultivating Success: Invest in Yakima County's Economic Future , . -.i • - :. r• ,....L 1 V '' • ,-;.4 , . 1'14' 1 •%,- ...., t , t 1••"..' .-,. I ' i 1 I 1 , ::.. i . ." ". . Prospective Investor E con o a� Develop e What can YCDA do to mitigate the economic challenges facing Yakima County businesses while capitalizing on the opportunities for growth? not Y: , To answer this question,confidential Feasibility Study interviews were V I(" ,4 does to conducted with 56 local business,community,and elected representatives. Interviewees were asked about Yakima County's economy,YCDA's effectiveness€ ;e .0 and the 2024-2028 Strategic Plan Prospectus.Their feedback identified workforce skills,infrastructure,and perception of our communities as the key l/a ( � ��D A challenges we face.Our region's natural resources,innovation,airport,mill site and downtown/main streets were seen as the greatest economic opportunities. The community spoke,and YCDA utilized the Feasibility Study results to finalize its 2024-2028 Strategic Plan. This brochure details our plan and dedication to ice; �i.1i �s( , V. leveraging our county's unique resources,talents,and opportunities to create a thriving business environment. By investing in YCDA you become an essential partner in our mission to foster economic growth through our strategic initiatives. We start with the building blocks of any community,its people.Our workforce is paramount.YCDA will continue to work with our partners to prepare the existing workforce with the skills needed to meet the current and evolving labor needs.YCDA alone can't fix the social issues of poverty,homelessness,and crime,but we can be at the table where these issues are being addressed and ensure the business community is part of the solution.(Initiative 1,pg. 6) From there,we work directly with the building blocks of any economy,its businesses.YCDA will continue daily business outreach and engagement to understand their challenges and explore resources.To eliminate accessibility barriers,we will visit each community in the Valley and provide business owners with one-on-one assistance in English and Spanish.Through new partnerships with accelerators and regional start-up investors,YCDA will bring financial investment to the county to support high-growth entrepreneurship.(Initiative 2,pg. 7) To bring outside investment to the Valley,YCDA will target businesses that compliment our existing industry clusters to locate in Yakima County.Attracting business and industry that match our needs and competitive advantages results in win- win solutions.This will also provide jobs for our residents and attract new talent to our communities. (Initiative 4,pg. 9) Finally,for our economy to grow we need infrastructure to support new development.Over$125 million will be spent on new infrastructure in the next five years.Large projects at the mill site,the airport,and cities and port districts across the valley will create shovel-ready sites supporting economic growth and jobs.(Initiative 3,pg. 8) This brings us back to where we started,the basic building blocks,Yakima County's people,and its businesses.Economic Development is not something YCDA does to the community,it is what YCDA does with the community. With increased financial support and its network of over fifty resource partners,YCDA is uniquely positioned with the essential resources needed for Yakima Valley's economy to flourish. 001tAkkitAllik1744t. 6D- Jonathan Smith,CEcD Executive Director Yakima County Development Association des ed What is the Yakima County "As she Coin y, YCDA ADO foa Yakima Cow�iy, has a Development Association strong track record of (YCDA)? services resuitino in new labs, new tax revenue, and YCDA is a nonprofit(501c3)organization dedicated to Yakima economic vitality for the County's business environment and livability. While the community. Now is the lime fundamentals of Economic Development remain business retention, to commit additional expansion,and attraction,our work fosters solutions to Yakima funding for YCDA as it takes Valley's unique economic challenges. on exciting and additional Our professional staff delivers no-cost services to entrepreneurs, responsibilities to further start-ups,all-sized businesses,franchises,global corporations,and the Yakima County Fortune 500 companies. economy. Susanne Dsls Esicv.Et�c;nr�-Dirs�o� Our specific work includes: !"ashrngror Lcors r C)e'Jopmen�Asssc;arion • Daily outreach and engagement with businesses • Business&Talent Attraction • Site Selector Inquires&Follow up - • Facilitate local planning,revitalization,and development • Training in English&Spanish How is YCDA Unique? YCDA is Yakima County's designated Associate Development Organization(ADO)appointed by the County Commissioners.Each county in Washington State is represented by an ADO to further its economic development goals.ADOs are the principal contact for the state Department of Commerce and all county = Economic Development elements(businesses,towns,ports,chambers,etc.)to coordinate their efforts. - ; ,:' ._ YCDA's performance and expertise is critical to growing the economy and building communities. 47 v How is YCDA Funded? s '.; `� We are funded solely by public and private contributions,including grants.Every five years a capital - ='� �' '- campaign is launched to secure commitments to fund the following five-year strategic plan.Due to the direct and indirect financial impact of our work,YCDA contributors are recognized as Investors. r = Grant Awards 5% Funding Sources Breakdown YCDA is funded by a collaborative partnership between public and private sectors • Public Sector(State,County,Cities,Ports) • Private Sector Private Sector 47% • Grant Awards 0 Public Sector 48% 5 Why it Matters- Past Performance "Our family's investment in YCDA 2019- 2023 Overachievement has been one of GREAT - returns for 38 straight Building Local tt Supporting Investments years. Job retention, Business cv in Economic Development (SIED) expansion, and • 261 Outreach visits attraction is where we •• 9 Local expansion projects 19 Projects f 1, • 373 Total new jobs • $21.5 Million Awarded begin and end each $17.6 Million annual payroll • 735 Total new jobs day at YCDA. This • • $28.6 Million annual payroll wonderful effort has been and will continue to be only possible Small Business Business with all of us investing Support in English & Recruitments g Spanish 4-W together to insure ,�e • 24 Site visits g • 366 Business trainings 113 • Chino Valley Truck Wash, amazing results and • 61 Start-up 1:1 trainings Corumat,Windmill Farms,Royal benefits. Please help • 478 Total new jobs Interpack us and yourself • $17.7 Million annual payroll . 394 Total new jobs by • $16.4 Million annual payroll pledging your support today!!!!" Projected vs Actual Bob Hall, • 2,880 total created , YCDA Board Member Emeritus jobs �/ $119 million new payroll • 2,494 projected a 0 n • • $92 million projected - . — 1985 - Present Outcomes Past Accomplishments - 38 Year History )'' A NOD ,� � •. • Served 100+ businesses annually TO THE PAST • 6,630 New jobs at 155+ businesses �`'' 1st YCDA Board President, • $606 Million in private investments Mr.Allen Pruett 'Coca-Cola Company was proud to sponsor YCDA's s apart of small businesses. Three hundred small businesses throughout the Valley received training in financial management, accessing capital, marketing, digital literacy, and other business development skills Providing these trainings in both English and Spanish ensured Yakima's diverse business community could fully participate.' A,4arrt[Wan,Presrdeent t,ei' Trre atseli Ccmpar ter 6 A1ho we are "YCDA supports the growth and development of .W.,,,_ nii, existing businesses and eem sectors, in addition to 1��fl A T attracting new investment. New arrivals and Carmela Solorzano,Communication&Events Manager Joe Schmitt, Economic Development Manager diversification attract the Jon Smith, Executive Director most notice, but YCDA's Terry Edmands, Investor Relations Director approach benefits Yani Cisneros, Bilingual Business Development Manager everyone in our community " Jon Devaney 20 Y',C,GA Board Chair ,, ,.nnuAn S'aie T•oe Fruit Assoc"ano!n Board of Directors Amanda McKinney,Yakima County Commissioner District i Lindsey Beddeson,Tri-Ply Construction Amy Martinez,South Central Workforce Maria Rodriguez,Vizions Amy McCargar-Davis,MultiCare Yakima Memorial Hospital Matt Brown,Yakima City Council District 6 Andy Marble,Horizon Distribution, inc. Mike Battle,HLA Engineering Austin Beebe,HUB international Moriet Miketa,Heritage Real Estate Group Ben Annen,HLA Engineering&Land Surveying Inc. Natasha Trudeau,Triumph Actuation Systems Brad Hansen,Baker Boyer Bank Peter Marinace,KeyBank Celina Sanchez,Assoc. of General Contractors of WA. Roslyn Oglesby,City of Yakima Christine Cote,Perry Technical Institute Ryan Hopkins, Yakima Chief Hops David Cobia,CliftonLarsonAllen LLP Scott Carmack,City of Zillah Jay Hester,Port of Sunnyside Shane Fisher,City of Grandview Jeff Cromer, Washington Beef Toni Petty,Pacific Power Jeff Perrault,Perrault Farms Inc. Vicki Baker, Yakima Valley Conference of Governments John Hodkinson, City of Union Gap John Cooper, Yakima Valley Tourism Jon DeVaney, Washington State Tree Fruit Association Linda DiLembo,CenterCal Properties-Yakima Valley Mall YCDA helped Northwest Harvest Linda Kaminski, Yakima Valley College double their food distribution across Washington state with their new 200,000 square foot facility. — t `_J^— ji • Photcc.Northwest Harvest Distribution Center tour _---_.-----i ,. " M 4 A 17 . Yakima,WA , -„ , ..-, . i - ii } . it • i / ' f N. :' r � _ T• 7._. _t N— i ) ,' ili It( ,I. - lei 7 ', .x 7 Initiative #1: Build a Strong Workforce: Train, Attract & Retain Fe s t lity Study Key Take- Jidva„ Address the immediate and emerging needs of businesses and workers so all can thrive in Yakima County. ° YCDA Role: • Connect Yakima County businesses with existing training programs to meet their workforce needs. • Develop and deploy customized year-round training with partner organizations to address the professional development needs of local employers. • Track and report workforce trends for Yakima County's key industry clusters. • Strengthen methods of connecting local graduates with local jobs. NEW Serve as Liaison for the business community and the many organizations that work to improve and promote Yakima Valley as a great place to live and work. Inform stakeholders of progress in these areas and how they can participate in solutions. ''&1kg U • Success Story: Resources for Employee -The'Workers Wanted'conference introduced Retention & Development Yakima Chief Hops to programs designed to increase competitiveness, avert potential YCDA co hosted the"Workers Wanted" layoffs,and upskill our workforce. With the conference,where local business leaders slate's SharedWork program we are seeing the learned how to access programs and dollars benefits of cost savings, employee to retain and train their workforce. satisfaction and employee retention. We have also been successful in securing worker training funding through the Job Skills and 'YCDA took time to learn about our in-home care Incumbent Working Training Programs business's unique challenges.They connected us Lisa Garcia,nhoffaenpI Officer with the'Shared Work'program,which turned out Yakima ChretHops to be a fit for our business and will allow us to keep our highly trained employees working through the ups and downs of our business cycle. Teyia Smith F.Patrin,Williams,Certified Senior Care Manager" Mother's Arms Homecare,LLC. 8 Initiative #2: Diversify our Business Ecosystem for Agriculture and Beyond sy � F z1 b iity Study Key T i=tk€ -away; Build upon the stability of our Agricultural foundation by supporting Innovation & Entrepreneurship YCDA Role: • Provide one-on-one business outreach in English and Spanish with local businesses to facilitate timely solutions to their unique needs. • Continue to host WSU's Small Business Development Center(SBDC) certified Advisor. • Assist businesses to navigate site selection, permitting, regulations,workforce, and funding. • Host large-scale resource fairs to connect business owners with subject matter experts in Strategy, Entrepreneurship,and Business Development. • Host events to showcase local business accomplishments. • Maintain a comprehensive online database of local businesses to guide strategic decisions. • Provide leadership to establish a professionally managed venture capital investment fund that is overseen by local leaders. • Provide industry-specific training to craft beverage,Ag-tech,Childcare,and other industry clusters. NEW Mobile Computer Lab for convenient digital and financial literacy training in English and Spanish. success Story: 'The Washington SBDC is pleased to partner with COVID-19 Business YCDA to create a community of collaboration and Assistance equity where all small businesses can grow and succeed. As the local SBDC funding partner, YCDA administered $12 million in CARES Act MCDA is home to one of our 10+bilingual Grants that impacted roughly 1 out of every 4 business advisors across the state who provide businesses in Yakima County. confidential, no-cost,one-on-one business advising in English and Spanish. Together we are • 6,000 jobs supported reducing barriers and cultivating opportunities." • Awarded "Tourism Ambassador 2022" Business Key to Recovery She,yl Ma3rath,Stale Director • Identified training needs for marginalized waslungWn Small eusmessDevelal,mentCorers business owners to access resources to grow their business. 7 9 Initiative #3: Bring New Industry, Jobs, and Investment to Yakima County Feasibility Study Key Take-away: Attract companies that match Yakima County s needs, assets, and competitive advantages. YCDA Role: • Proactively maintain and develop relationships with site selectors and local commercial real estate professionals. • Research, identify, and target companies that align with local development goals, and have growth potential to support our economy. • Assist businesses from outside the area to establish operations in Yakima County. • Develop and distribute compelling marketing materials to targeted industry site selectors. • Invite local businesses to co-exhibit at select trade shows. NEW Target logistics and transportation companies that can meet the needs of our industrial and agricultural sectors. "YCDA's expertise was pivotal in ( )) Success Story: locating Pacific Ag Renewables Pacific A Renewables $100 million bioenergy facility site Sunrays• r on 60 acres in Sunnyside, Washington. YCDA identified the Pacific Ag's new renewable natural gas ideal site at the Port of Sunnyside facility will employ 30 full-time people at and connected us with a variety of an average loaded salary of$68,379 per resources including funding for year and convert an estimated 900,000 public infrastructure that the Port tons of regional dairy waste, diverted from has now secured to support our lagoons, into 800,000 MMBtu of renewable natural gas annually. Construction is project and future development " scheduled to begin later in 2023. Kipp Curtis,Ranewah12s Regional Manager Pacific Ag Regewaoles 10 initiative #4: Develop Infrastructure for a Thriving Economy Study Key TAP-away: Facilitate public and private • partnership to increase the number of shovel-ready sites in Yakima County. YCDA Role: • Identify,qualify, and advise project funding through the Supporting Investments in Economic Development (SIED) program. • Provide economic impact analysis for public works projects that support job and business growth. • Help reduce the costs and risks associated with private development. • Assist local cities and the county in streamlining and improving permitting and regulatory processes. • Support and pursue funding for transportation, private& public utilities, and broadband throughout Yakima County. • Provide economic development training and advice to local cities and towns. Maintain an online countywide infrastructure map to guide strategic investment. L '' Success Story: .'YCDA played a critical role in connecting the Port and City of Midva.e ndustrial Park Sunnyside with over S12 Port of Sunnyside, WA million in funding. These dollars will construct Yakima County's SIED program was instrumental in infrastructure to open over 400 financing water,sewer,and road infrastructure to acres to industrial development expand the Midvale Industrial Park.These helping to grow jobs and infrastructure improvements allow Yakima County industry that will positively to compete with neighboring counties and states impact Yakima County for years for development projects that were previously out of reach. to come." Jay F+rster,Exac!rlw€•Uirectnr Port of Sunnyside 9 'Our company invests in 2024 — 2028 YCDA because their organization is a , Budget by Initiative catalyst for helping promote business in our region. • INITIATIVE ANNUAL TOTALlik Theirleadershipin BUILD A STRONG BUDGET BUDGET WORKFORCE:TRAIN, $105,000 $525,000 workforce development, ATTRACT& RETAIN local business growth & grr DIVERSIFY BUSINESS expansion while ECOSYSTEM FOR $475,000 $2,375,000 AGRICULTURE& BEYOND attracting new business to our valley leads to a • BRING NEW INDUSTRY, $95,000 $475,000 great economic future • - JOBS& INVESTMENT TO - YAKIMA COUNTY and quality of life." - lDEVELOP $125,000 $625,000 INFRASTRUCTURE FOR A THRIVING ECONOMY David Rankin,CEO Rankin Equipment Co. $800,000 $4,000,000 Budget Breakdown Develop Infrastructure Workforce 11i 16'n 130k. Attract New "Since I joined the YCDA Industry . 12/ 0 y board I have learned haw Diverse Business truly passionate the team is Ecosystem about growing and 59°!0ilr----F- developing the community. The tireless work of the staff and partners in the community are a key to all of our success. l will continue Measure, Report &Analyze - to support YCDA because it Our Performance checks all the boxes to improve our communities • Outreach, Engagement & Resource Utilization through business growth, • Employer & Partner Satisfaction training and improving our • Corporate Site Location Inquiries infrastructure." • Employment, Retention & Payroll • Public & Private Investment O Jeff Cromer,General Manager AB Foods/Washington Beet • Tax Assessment 12 Expected Outcomes Return on Investment One unique measure of YCDA's work is the economic impact of new and retained jobs at businesses we assist.The table below illustrates the.predicted downstream expenditures of annual payroll due to YCDA's efforts over the next five years(2024-2028). t _,i.lws ha I1...i k-4ai41 aDirect and Indirect Jobs Created 3927 Direct and Indirect Weighted Average Wage Rate $65,672.73 Total Payroll $257,896,828 Disposable Personal Income $197,416,494 . _ ' 403 ,CTED •NNUA .IMP GT ON Fl. GIN-S. RV1GE INDUSTRIES Personal Insurance&Pensions $23,222,867 New Personal Deposits(Savings rate of 4.5%of Disposable Income) $8,883,742 Mortgage Interest&Charges $8,203,073 Vehicle Finance Charges $802,314 1 [ ' :ate'„UAL IMPACT QN SELECTED •ET• �-�__, -- - Housing Ownership&Rentals $39,106,919 Healthcare $16,081,681 Groceries $15,512,392 Vehicle Purchases (New&Used) $14,241,077 Utilities $12,456,518 Entertainment $10,524,475 Restaurants&Catering $8,937,544 Home Furnishings&Equipment $7,967,098 Home Services&Supplies $7,200,180 Charitable Contributions $7,123,488 Gas&Motor Oil Purchases $6,335,923 Apparel $5,173,747 Vehicle Insurance $4,507,118 Education&Reading $3,952,577 Vehicle Maintenance&Repair $2,875,943 Alcohol&Tobacco Products/Supplies $2,639,967 Personal Care Products&Services $2,274,207 Newspaper&Reading Materials $336,264 19ulcon s,ealtt�^�using type II RIMS(Regional k 4Output Moderate Systern)rnut5p4,ers supplied by the Buremtof Eeormmic MOlysls,U.S.Depa tmeitol Commerce.using 2021(life most recent meltable)motored economic accounts for the region defined as the Yaktrna Metrnpatnan Sver.tn..sl Area. 2 Direct refers Sr the jobs crew End by the new or newly expanded firm mdtred refers to the lobs created by reg anus companies supplying goods and servtaa la the neW or newly expanded grin.(Source JObsEQ) 13 IN THEIR OWN WORDS "YCDA is such an asset for the Yakima Valley. We view them as a knowledge hub for businesses operating in Yakima, as well as prospective businesses considering a move here. You can use them as a resource on issues ranging from best hiring practices, new regulations, to infrastructure. This valley is fortunate to have an organization like YCDA." Andy Marble,President&COO,Horizon Distribution,Inc. "YCDA provides expertise and economic development support to the City of Grandview. As a small Community with limited resources, we are more competitive because of the professional assistance from the YCDA staff." Cus Arteaga,City Administrator,City of Grandview "YCDA is a means for diverse stakeholders to come together and create opportunity for others. Whether it be building human capital, breaking ground on a commercial project, or promoting our beautiful valley to prospective businesses, YCDA has an impressive assemblage of resources available. Perrault Farms Inc. is a proud supporter." Jeff Perrault,Vice President,Perrault Farms "YCDA is a great contributor to the economy of the County. it's success is shown in many ways;recruiting new business and jobs,providing skills and sustainability for new and existing businesses, locating commercial property and finding grants and low interest loans to assist new and existing business expansion. The City of Union Gap has always supported YCDA." John Hodkinson,Position#1,City of Union Gap "YCDA is uniquely positioned to impact and improve the Yakima valley. My investment with YCDA is money well spent by supporting existing business and attracting new companies to the county. The team is exceptional and provides an incredible professional approach to local economic development." Moriet Miketa,Broker/Owner,Heritage Real Estate Group "We invest in YCDA because it is the organization that strengthens the economic engine of our valley which "'Wow- we believe will improve the quality of life of residents for generations to come. Our Valley is blessed with plentiful natural advantages:climate, soil,geography, and water. We can only fully achieve the benefits of this special place with a thriving business community that works in tandem with our local institutions to thoughtfully pursue growth." Sean Gilbert,General Manager,Gilbert Orchards "With the important addition of bilingual support for small businesses in our rural area, YCDA is able to support our many local businesses, their employees, and entrepreneurs whose primary language may be Spanish. With a focused and inclusive approach to community development, we're seeing the impact of a community working together more successfully for a thriving and collaborative community.' Sharon Miracle,President&CEO,Yakima Valley Community Foundation - — _ 14 FeasibilityStudyParticipants Amanda McKinney Dana Dwinell Maria DJ Rodriguez Rosylen Oglesby Commissioner,District 1 Owner Executive Director Assistant City Manager Yakima County D2 Communications Vizions Economic Development City of Yakima Center Andrew Holt David Wise Salvador Salazar Former Executive Director VP,Advancement/ Maryjo Whitney-Blevins Former Regional Downtown Assoc.of Yakima Marketing& Economic Development Director Representative-Central Communications Confederated Tribes&Bands of Washington Andy Martinkus Heritage University the Yakama Nation Office of Governor Inslee COO Western Materials Deloit Wolfe Matt Murray Dr.Scott Carmack President Chief of Police Mayor Barry Bendall Impact Washington Yakima Police Department City of Zillah Senior Relationship Manager Donald Ricci Michael Grayum Scott Wagner Wells Fargo General Manager City Administrator President WestRock City of Zillah MG Wagner Co.,Inc. Bill Almon,Jr. Owner,Designated Broker Elizabeth Alba Mike Battle Sean Gilbert Almon Commercial Real City Manager VP of Municipal Engineering President Estate City of Sunnyside HLA Engineering&Land Survey Gilbert Orchards Ben Annen Jaclyn Midkiff Mike Goettl Sean Kinney Vice President President President CFO HLA Engineering&Land Harvest Auto Vuca Farms H.R.Spinner Survey Jake Hambly Mike Trammell Bob Harrison SVP,Commercial Banking General Manager Silvia Ramos City Manager Manager Pepsi Cola Bottling Co.of Yakima Owner City of Yakima Banner Bank Silvia's Professional Tax Miles Kohl Services Brandon Nickels Jay Hester CEO Branch Manager-Yakima Executive Director Allan Brothers,Inc. Steve Capuano Northwest Farm Credit Port of Sunnyside Account Executive Services Norma Chavez Impact Washington Justin Moser Community Engagement Brittney Hill General Manager Specialist Teresa Sanchez VP,Global Finance Cintas Corporation WA.State Dept.of Commerce 2-1-1 Call Center Yakima Chief Hops Supervisor Kellie Connaughton Patrick Smith People for People Cathlin Foster Executive Director CEO Trevor Martin General Manager Yakima Greenway Loftus Ranches Walmart Distribution Center Community&Economic Kris Dawson Randy Fenich Development Director Chris Corry Administrative Assistant Partner,CPA City of Sunnyside 14th District Greater Yakima Chamber of Moss Adams WA House of Representative Commerce Verlynn Best Former President&CEO Randy Tucker Greater Yakima Chamber Cus Arteaga Kyle Curtis Executive Director City Administrator Commissioner,District 2 Port of Grandview of Commerce City of Grandview Yakima County Ron Anderson Dan Sullivan Leanne Antonio Former Commissioner,District 2 SVP/Branch Manager& President&CEO Yakima County Financial Advisor Yakima Federal Savings& Baird Financial Loan I - Yakima County Development Association C I-y O O E Y A K LLEY 2022 Feasibility Report Highlights: Confidential interviews were conducted with 50 community leaders. Interviewees were asked about Yakima County's economy and YCDA's effectiveness, including feedback on the 2024-2028 Strategic Plan Prospectus. $4 million Campaign goal Agreement on challenges Most felt that raising$8M was not realistic. Limited workforce skills, healthcare, K-12 YCDA's campaign is regarded as essential education,"shovel-ready"property,housing and however multiple campaigns will utilize the same state legislative policies remain obstacles to local resources. business success. Purpose and Impact Can YCDA help with these issues? Most acknowledge positive results from specific All mentioned the negative impact of crime, YCDA programs or activities.The SIED program, homelessness and poor curb appeal on area small business support and business businesses and the ability to recruit and retain recruitment stood out most. talent. Asking rights remain strong Partnership roles &responsibilities The effectiveness of YCDA and staff rated well. Clarification of organizational roles in joint The board is perceived as excellent and initiatives will optimize efficiency and client respected.YCDA's economic impact and ROI experience. provide unique advantages in securing philanthropic funding. 12-month campaign recommended Start campaign quiet phase to obtain pledges Initiatives rated as necessary totaling>$2M,then launch public phase. Developing workforce, infrastructure, new Stretch goal is$4.5M. Suggested minimum business attraction and supporting small investment level is$5,000($1,000 annually, business were rated"absolutely necessary'. 2024-2028). Pertinent Projects Keys to campaign success The status of the mill site,airport,downtowns, Prioritize solicitations with board members,top tribal relations,and inter-county 20 historical public&private investors and new transportation reflect on YCDA. Lack of prospects.Average pledge increase to achieve progress with these projects concern many. goal is 33%.Target completion of all solicitations before Q4 holiday season. Yakima County economy is good The stability agriculture provides our economy a • mil i -' �■ is clear.The need to diversify and advance ` within and beyond agriculture is top of mind.In 2017,the economy was perceived as"very + # " _ good". ,,,," • I• ti Natural Strengths 0•"�� a ' "r • Yakima Valley's land,climate and central location Scan QR Code to access the are celebrated.Affordability,outdoor recreation, full Feasibility Study Report and the generosity of residents were also touted, 16 YCDA Partnerships Workforce Advance&Diversify Local Targeted Infrastructure Development Business Business Initiative I Initiative II Initiative III Initiative IV Yakima County t M W Development Association N $ a o C W G N •T C. C ` y M A A w ` C tJ N 9 d i J a Q ai s r 3 c m 9 °�° e c e c 9 Ca ).• yd C e c �pf CO q ar �i c 3 W V I- m A W 4 �7 _�L _ N 1� YI �7 N Association of General Contractors • • I • • • •a Association of Washington Business • _ Central Washington Home Builders Association • • • • • _ • inChambers of Commerce • • • • • '_ y Downtown and Mainstreet Associations • • • . • _ c ,and TRANSAction • , m Eastern Washington Economic Development Alliance • • • O. Impact Washington • • • • • w Opportunities Industrialization Center • aPeople for People • • •, •_ r e • 1 c Post Secondary Education(Colleges&Universities) • • • •_ 1 zSouth Central Workforce Council • • , • _ • • Vizions _ • _ •• Washington State Microenterprise Association _ • • • - Yakima SHRM • • Yakima Valley Tourism • • • • J _Cities,Ports,and County I • • • • • • • l • t Economic Development Administration _ • • • • I C Educational Service District 105,K-12 Schools • • • • t Office of Regulatory Innovation and Assistance • _ • • I • a Procurement Technical Assistance Center _ _ • • — _ C Small Business Administration •• •• •• _ a Small Business Development Center _ cState Board of Community&Technical Colleges - • • l y USDA Rural Development • • • , GWashington Economic Development Finance Authority •• •• •• •• CD Washington State Department of Commerce , _ - • • _ • •• •• _ •• • Yakima Valley Conference of Governments - a • 17 Quotes From Our Partners Workforce Development "South Central Workforce(SCW)works closely with VCDA to align our initiatives to attract,retain,and train our workforce to meet industry demand. YCDA plays a vital role helping us develop these talent pipelines,working together with SCW to upskill our labor force and connect with local business to create employment opportunities and raise incomes in the Yakima Valley." ?any Manion,CEO.South Central Workforce "YCDA is an Important partner agency in AJAC's mission to develop our workforce and retain talent in Yakima County. YCDA helps us connect industry leaders in the manufacturing sector to our training and youth apprenticeship programs,ensuring our manufacturers have access to a reliable and well-trained workforce while participating students develop the skills necessary to succeed and gain rewarding employment." Heather Fisher,Manager of Business Development&Regional Services,Aerospace Joint Apprenticeship Committee Advance&Diversify Local Business "YCDA is our local conduit to Manufacturers in Yakima County. Since 2019,they've connected us to over 30 small to mid-size manufacturers such as Tree Top, Yakima Chief Hops,Liberty Bottle,and McClarin Composites This collaboration has created or retained 507 jobs,increased/retained sales by$26.7 million,and helped local manufacturers realize$6.2 million in cost savings.' Steve Capuano,Account Executive,Impact Washington Targeted Business Attraction 'The Department of Commerce works closely with the Yakima County Development Association to coordinate recruitment of new businesses,respond to site selector requests for buildable sites,and promote business in Washington State. Partners like YCDA provide a critical connection between the state and local economic development strategies and are critical to building communities and growing the economy.' Chris Green,Assistant Director,Office of Economic Development 3 Cornpeiitiveness,WA.Slate Department of Commerce As a member organization of the Eastern Washington Economic Development Alliance(EWEDA),YCDA is a key partner in our marketing and business recruitment mission. YCDA plays a strategic role helping the EWEDA attract Ag-Tech and other key industries to our region." Stephen McFadden,Director of Economic Development&Marketing,Port of Pasco Infrastructure "The Yakima County Commissioners rely on YCDA to execute a variety of targeted initiatives to create jobs and grow our local economy,including administrating the Supporting Investments in Economic Development(SIED)program on behalf of Yakima County.In this capacity YCDA identifies,qualifies, and evaluates funding applications. Since 2019,over 20 development projects have been funded through the program, totaling$23,164,855 in public infrastructure improvements and creating over 750 job." Kyle Curtis,County Commissioner,Yakima County - . - -- _- .- __ ' . -.• . .... __ _ - —. ---.— ----•_". - ,.. .. - ••'-• • ' - s -'\444•.- ---- '.-- Nr'..‘`il•-- - _....-.._ _ --..„ .._ "1-v--__--_-.-a„--..u.,....w._.....)....1_,.-..:..w_.._...,..._;v•',,....a,..... ,....-._..,.._w...4,w•. -. .r-..1..._6....,.............,oI....,p„....,.._„...-.4r.._•1.-,,....-..v-......-_...-.-.,__ •. „........„..-........_-_,,__-_ ._.- Yakima County " _DevelomentAssociation p - - ..,._..,_....... • -ir.t.. ' - "-. ' ., ••- --- ' `7/77f.'• CHOOSE YAKIMA VALLEY ..i- Q- ---, 7.,,. '' "— , -. _ •-, :--;. - ..--- '--•.N.- - , - - • -.. • ..7 s. s •— -.... -;f. a •i-.__-,„ _ .-.-.• : - ' ,., -.--,,.. -- . . - -'--- 11 4;?; i'm!-;.,-.--- -_ --- -'''."' '''Irr: •- .1 ---- --,7).----'-`4L. ••••:..a.lt•'.-5-.--,-.. - .. ' 406 . , ,.--..4.... 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" .-ii"' - - ----- - 1.-.._.7 .,•74 - *--.:IF,...-_--- - .,,;,.,_ _ •:.42vjoik,,---.. .1 _,".„...:-_: _..-f_ ..-_..-...„„,,.. -. - • \ _.1, '6"alr -.---.-,;1".7.'''. I'-'- ---- --- - __-", _ . Economic Development in Yakima ...... _ ... ...._ ,.....„- _ • ....„ ..• . . sp.. . ...... ... ..,, ...6 . .. ...se. .....'' N A,444 ..-11.4:-.. , . •*6 -: t 1 r-- • 4tAk A(N1*-'4'1: , •,t. ,ii, , ,,. , , kk - ,,_,.. •-"t",..„4ito v‘,......4i4,N*-: '''I '1'44,2 .....2%----,„..v. _.. -- -4-11141: , .. * .. li%V444 ' ../. '..-..-- • ,'' _ - ' - t '' .0.1-;VIu::•N• •__,.. , r t, i ,, ,- 111, • '`. . .,.. _ • A . - • , - Overview _ _ 1. What is Economic Development 2. Economic Development Programs 3 . Economic Impacts Yakima County 41111 Development Association CHUUL YAKIiV1A VALLEY Economic Development A set of programs and policies that aid in the : • Creation , retention , and expansion of jobs • Development of a stable tax base Mi • Enhancement of wealth INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL Yakima County Development Association 2022 Feasibility S Report Highlights: Confidential interviews were conducted with 50 community leaders. Interviewees were asked about Yakima County's economy and YCDA's effectiveness, including feedback on the 2024-2028 Strategic Plan Prospectus. Yakima County 4. - Development Association CHOOSE YAKIMA VALLEY Initiative #1: Build a Strong Workforce: Train, Attract & Retain • Legislative Tour at Perry Tech • K-12 Educators Tour at Shields Novolex • Supervisory Training & Management Academy Yakima County .�I,�� Development Association CHOOSE YAKIMA VALLEY Initiative # 2: Diversify our Business Ecosystem for Agriculture and Beyond • Yakima Chief Hops Intersection Project • Corumat Manufacturing - Evergreen Grant Submission • Manufacturing Accelerator Event • North west Harvest • Childcare Business Dev. Workshops & Conference Yakima County Development Association CHOOSE YAKIMA VALLEY Initiative #3: Bring New Industry, Jobs, and Investment to Yakima County • Distribution Center on Keys Road • Royal InterPack Yakima County .�I,�� Development Association CHOOSE YAKIMA VALLEY Initiative #4: Develop Infrastructure for a Thriving Economy • Airport Terminal Expansion and New Flights • East West Corridor (TRANS-Action) • Yakima Chief Hops Intersection Project Yakima County Development Association CHOOSE YAKIMA VALLEY 1 Expected Return on Investment PROJECTED ANNUAL IMPACT ON SELECTED RETAIL INDUSTRIES -lousing Ownership&Rentals $39,106,919 -lea lthca re $16,081,681 groceries $15,512,392 Jehicle Purchases (New&Used) $14,241,077 Jti I it ies $12,456,518 Entertainment $10,524,475 Restaurants&Catering $8,937,544 -tome Furnishings&Equipment $7,967,098 -lome Services&Supplies $7,200,180 Tharitable Contributions $7,123,488 ,as&Motor Oil Purchases $6,335,923 >ppa rel $5,173,747 Vehicle Insurance $4,507,118 Education&Reading $3,952,577 Vehicle Maintenance&Repair $2,875,943 Alcohol&Tobacco Products/Supplies $2,639,967 Personal Care Products&Services $2,274,207 �'I// Newspaper&Reading Materials $336,264 Yakima County , Development Association CHOOSE YAKIMA VALLEY 1 Expected Return on Investment One unique measure of YCDA's work is the economic impact of new and retained jobs at businesses we assist. The table below illustrates the predicted downstream expenditures of annual payroll due to YCDA's efforts over the next five years (2024-2028). ECONOMIC IMPACT ON JO 2Direct and Indirect Jobs Created 3927 Direct and Indirect Weighted Average Wage Rate $65,672.73 Total Payroll $257,896,828 Disposable Personal Income $197,416,494 ,\111/ Yakima County Development Association CHOOSE YAKIMA VALLEY Direct Economic Impacts $39,945 Annual Property Tax 14. YAKIMACH►EFM. • vi • NM n Yakima County 4. - Development Association CHOOSE YAKIMA VALLEY Direct Economic Impacts $ 1,037 for EMS .__ _,„.........., ,• 7,..., ,,,,„„„„„,„„,„,..,,,,,,........,_ . . _4 .....:.v . _ • lk, ..--- - , - 14, YAKIMACH►EFM �;,_ . t�n • rj o t/ ill. 1 IV i - --.)4 rk4 . at,, . 1 r _ 2 a Y a.l - Yakima County 1, - Development Association CHOOSE YAKIMA VALLEY Direct Economic Impacts $ 1,216_for L ibraries •__ .. • .. . , .,. . .,,, _„....,7•41 .,... LL....1.1._._.„.„. ,r.-. .;., . ,,,,.,._ . . ... _ . . . .• •„-...., ___„.:„ . ,, . ,...., , .... ,.... , _,„.„„.....,,,,,_,„,,,„,„„.„,,,,,,_ ..... .'..a.i,,,.i','"_,g� "R,,,,r1",•,."r t. '"• 1,,�� il.' 1I i - C., YAKIMACH►EF .... b 1 pia • am n •• ri o..i-.'`' •..i. , ..? ,. I. t_I 9 T ® of 1- W d 1 / 1 1 • , , ., 4 t • t" � r ged // ,,' ,`It t Yakima Count ,,_ Development Association CHOOSE YAKIMA VALLEY Direct Economic Impacts $4,057 for County a Ro ;f. i - 14., YAKIMA CHIEF ��-a'• , • '�' tat, e ® ' • • • • Yakima County 1, - Development Association CHOOSE YAKIMA VALLEY Direct Economic Impacts $ 12,638 for City of Yakima ._ r- --- A Aliiirit . _ ¢�.;,,"-' � !� YAKIMACHIEF �„�i : • • �. < 4 4mxp_og 7_;--- .."• - loi,i 10204-At. ii - Yakima County Development Association CHOOSE YAKIMA VALLEY Direct Economic Impacts $20,750 for Schools At— ,, . , _ , r4, YAKIMACH►EF ® ' � r.' it---s' . _ - ..,-,11/4; .... 1.... , .,, I 45y I 1:6_141(4_ it: / t, ''.441 i 3 Yakima County 4r. Development Association CHOOSE YAKIMA VALLEY - . - -- _- .- __ ' . -.• . .... __ _ - —. ---.— ----•_". - ,.. .. - ••'-• • ' - s -'\444•.- ---- '.-- Nr'..‘`il•-- - _....-.._ _ --..„ .._ "1-v--__--_-.-a„--..u.,....w._.....)....1_,.-..:..w_.._...,..._;v•',,....a,..... ,....-._..,.._w...4,w•. -. .r-..1..._6....,.............,oI....,p„....,.._„...-.4r.._•1.-,,....-..v-......-_...-.-.,__ •. „........„..-........_-_,,__-_ ._.- Yakima County " _DevelomentAssociation p - - ..,._..,_....... • -ir.t.. ' - "-. ' ., ••- --- ' `7/77f.'• CHOOSE YAKIMA VALLEY ..i- Q- ---, 7.,,. '' "— , -. _ •-, :--;. - ..--- '--•.N.- - , - - • -.. • ..7 s. s •— -.... -;f. a •i-.__-,„ _ .-.-.• : - ' ,., -.--,,.. -- . . - -'--- 11 4;?; i'm!-;.,-.--- -_ --- -'''."' '''Irr: •- .1 ---- --,7).----'-`4L. ••••:..a.lt•'.-5-.--,-.. - .. ' 406 . , ,.--..4.... 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