Believe Spokane Q2 2023 Update

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.

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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

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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