Title
Economic Development Update
Recommended Action
Committee Recommendation:
Briefing only. No action requested.
City Manager Recommendation:
Briefing only. No action requested.
Report
Issue:
Whether to discuss the upcoming development of a long-term economic resiliency plan for Olympia, along with a status update about Thurston Strong implementation.
Staff Contact:
Amy Buckler, Strategic Projects Manager, Economic Development, Office of Community Vitality, 360.280.8947
Presenter(s):
Amy Buckler, Strategic Projects Manager
Mike Reid, Economic Development Director
Background and Analysis:
Staff will provide an overview of City of Olympia Economic Development efforts underway, including implementation of the Thurston Strong Economic Recovery and Reset Plan and development of a long-term economic resiliency plan for Olympia.
In response to the COVID-19 pandemic, Olympia joined forces with other economic development partners in the region in an effort known as Thurston Strong. Following several actions to respond to the immediate emergency, the partners developed a 24-month plan of action aiming to accelerate the region's Economic Recovery and Reset. Implementation of this plan is underway, and staff will highlight Olympia's efforts as well as those of other jurisdictions and partners.
With the 24-month plan underway, it is time for Olympia to start planning for longer-term economic resiliency. Resiliency refers to a community's capacity to adapt and recover quickly from difficulties, and to thrive in the face of long-term challenges. Hand in hand with resiliency is equity, which means advancing a community that is just and equitable for all, regardless of race/ethnicity, sexual orientation, gender identity, religious belief, disability or income status. Community resiliency and equity will be the leading lens through which Olympia develops this plan.
Public and stakeholder outreach for long-term economic resiliency will kick off in late spring; formati...
Click here for full text