Port of Bellingham — Economic Vitality and Sustainability

Summary

Port of Bellingham presentation titled Economic Vitality and Sustainability. It states the Port is one of few Ports that serve as an ADO and provide economic development for the whole county, with funding from the Port of Bellingham, Whatcom County, the City of Bellingham and Dept. of Commerce. The economic development team recruited Corvus Energy from Norway, projected to employ 40 livable wage jobs, and Vicinity Motor Corp, whose facility in Ferndale WA is over $15 million dollar investment with plans to employ up to 300 employees. A section on Diversity Equity and Inclusion cites CEDS Goal #5.

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     Port of
   Bellingham

Economic Vitality
and Sustainability




                     This Photo by Unknown Author is licensed under CC BY-SA
                                                             Whatcom County ADO
                                                             Funding
                                                             • We are one of few Ports that serve
                                                               as an ADO and provide economic
                                                               development for the whole county
                                                             • We receive funding from multiple
                                                               sources
                                                                 • Port of Bellingham
                                                                 • Whatcom County
                                                                 • City of Bellingham
                                                                 • Dept. of Commerce
                                                             • Operate on a hub and spoke model
This Photo by Unknown Author is licensed under CC BY-NC-ND
                • Port’s economic development team
                  recruited this company from Norway
Corvus Energy   • World leader in supplying safe,
                  innovative and reliable zero-emission
                  solutions for all segments of maritime
                  industry
                • Only one of its kind located in the US
                • Part of Maritime Blue
                • Received a SRF grant
                • They are projected to invest in excess
                  of 2mil and employ 40 livable wage
                  jobs
Vicinity Motor
Corp
• Electric bus and utility truck
  manufacture company
• Port economic development team
  recruited and facilitated a built to
  suite in Ferndale WA
• Received a Governor’s SRF grant
• The facility is over $15 million
  dollar investment
•    Vicinity plans on employing up to
    300 employees with livable wage
    jobs
Diversity Equity and
Inclusion
CEDS Goal #5 foundational to the work that we do
every day
United Professional of Color Organization
Developed
Business of Color group meet monthly provide TA
and support
Partnership with other organization engaged in this
work
Help businesses diversify their workforce
           • Data base identifies potential developable lands for housing and
Future       industrial use
           • Based off a Commerce program where we identify developable
Projects     brownfield locations
           • Continue to foster a public private partnership for economic
             growth


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