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2014 Annual Report
(360) 377-9499 www.kitsapeda.org
PARTNERS IN ECONOMIC DEVELOPMENT
In 2014 our Kitsap Economic Development Alliance continued to move forward and produce meaningful results. I want to thank our investor/partners and board of directors for all that you give in time and dollars to our Alliance. We are extremely fortunate to have an exceptional membership and board that is deeply committed to improving the economic prosperity of Kitsap County.
For me, the highlight of 2014 was attending the International Economic Development Council National Conference in Fort Worth Texas. Our “Kitsap Connected” video series received the “Bronze Award” for best video presentation, and our Kitsap Aerospace and Defense Alliance received the “Silver Award” for Best Website. Participating in this conference were economic development advocates from throughout North America. We should all be proud to receive this recognition.
Some of the good work we do through KEDA is our Procurement Technical Assistance Center (PTAC). In 2014 we assisted business owners in obtaining government contracts and subcontracts. This program has become one of the cornerstones of our Alliance and enabled business owners to win government contracts valued in the millions. The success of this program is crucial to our economic vitality now and in the future.
Our Alliance is in its strongest position in years. We have an outstanding staff led by our Executive Director John Powers. Our financial condition is sound and we have a committed and diverse board of directors. The future for our Alliance and the economic vitality of Kitsap County is bright.
On(e) Kitsap!
Message from the Chair
Steve Politakis
Board Chair, Kitsap Economic Development Alliance
Chief Executive Officer, Kitsap Bank
Steve Politakis KEDA Board Chair
Air Washington BE$T at Kitsap Community Resources
Central Puget Sound Economic Dev District Greater Kingston Economic Development Committee
Homebuilders Association of Kitsap County Impact Washington
Kitsap Aerospace and Defense Alliance Kitsap Business Forum
Kitsap Chambers of Commerce Kitsap Commercial Investment Brokers
Kitsap Entrepreneurial Center Kitsap Regional Coordinating Council
Kitsap Regional Library Kitsap SCORE
National Center for Manufacturing Sciences Olympic College President’s Advisory Council
Olympic College Workforce Dev Advisory Committee Olympic Workforce Development Council
Pacific Northwest Defense Coalition Puget Sound Naval Base Association
Visit Kitsap Peninsula Washington Aerospace Partnership
Washington Department of Commerce Washington Economic Dev Association
Washington Maritime Federation Washington Military Alliance
Washington State PTAC Washington State University Extension
West Sound Technology Association
WorkSource Kitsap
PARTNERS IN ECONOMIC DEVELOPMENT
Positioned for Prosperity and Growing Stronger
2014 proved to be an exceptional year for our Alliance. Together we reached new heights in serving clients, promoting Kitsap opportunities, and strengthening our organization. 2015 promises to be even better.
Last year KEDA delivered business retention, expansion, and attraction services to over two hundred business clients contributing to millions of dollars in new investment in local business operations and hundreds of new jobs. This was accomplished through the dedicated efforts of our outstanding team of economic development professionals: Kathy Cocus, Business Development Director; Theresa Mangrum, Marketing Manager; Susan Veach, Contract Accountant and PTAC Instructor; Mary Jo Juarez, PTAC Procurement Consultant; and, Mona Carlson, the newest member of our team – volunteer extraordinaire and PTAC Counselor.
Kitsap’s 2014 economic development milestones include: the highest local employment levels in nearly a decade; private sector enterprises we are proud to call clients, moved forward with dozens of new capital projects totaling over $500M; PTAC clients, including Olympic College garnered over $62M in government contract work; and, Olympic College and Western Washington University took their partnership to new levels expanding business baccalaureate programs here in Kitsap.
2014 was also a banner year in our efforts to tell and sell Kitsap’s economic development story. KEDA’s new website attracted more than 27,000 unique visits. And, our multi-media marketing campaign, featuring the Kitsap Connected portfolio of videos, was recognized as among the best in the business by the International Economic Development Council at its annual meeting in Fort Worth Texas last October.
This past year also saw our Alliance begin to play an integral role in working with Kitsap County and local municipalities as they embarked on updating their respective comprehensive plans aimed at effectively welcoming and serving an additional 80,000+ citizens that will call Kitsap home by 2035.
Our board membership continues to be comprised of the senior most business and community leaders from throughout Kitsap – our board is truly our Alliance’s #1 Asset! I want to share a special note of thanks to the members of our board’s executive committee that contribute countless hours of service to our 33 year old public private partnership. They are: Board Chair Steve Politakis, CEO of the Kitsap Bank; Vice-Chair Ben Anderson, CEO of Art Anderson Associates; Treasurer Bob Guyt, Principal with Rice Fergus Miller; Immediate Past Chair, Julie Tappero President of West Sound Workforce; Silvia Klatman PAO – Naval Base Kitsap; County Commissioner Charlotte Garrido; Bremerton Mayor Patty Lent; and Poulsbo Councilmember Ed Stern.
Our board members’ collective efforts to champion economic opportunities in Kitsap really do make a difference in the vibrancy of our local communities and economy.
On behalf of our staff, I want to thank you all for all you do for our community, and, ask for your continued support of our essential work. Together we will seize the opportunities that lie ahead to shape and advance an ever more vibrant economy and prosperous community throughout Kitsap and across our region for generations to come.
We look forward to working with you to make 2015 our best year ever.
On Kitsap!
John Powers
EXECUTIVE DIRECTOR’S REPORT
John Powers
KEDA Executive Director
KitsapConnected multimedia promotion underwriters with IEDC Award. Shown: David Emmons, Bryan McConaughy, Chris Rieland, Russell Steele, Candice Merrill, Elliot Gregg, Julie Tappero, Steve Politakis, Kathy Cocus, Tim Matthes, John Powers
In Thousands
INCOME SOURCES 2014
Private Sector
Partner Investments $ 105,046
In-Kind Investments $ 18,200
Total Private Sector $ 123,246
Public Sector
State ADO Contract $ 99,124
Kitsap County Contract $ 100,000
Public contracts $ 83,000
Grants - PTAC (Including In-Kind) $ 41,236
Total Public Sector Income $ 323,360
Event Income (Including In-Kind) $ 36,941 Total KEDA Operating Income $ 483,547
GKEDC Restricted Income $ 15,500
KADA Restricted Income $ 57,000 Total Income $ 546,047
EXPENSES
Advertising, Marketing & Events $ 56,518
Personnel $ 301,496
Operations & Administration $ 113,423
Total KEDA Expenses $ 471,437
GKEDC Expenses $ 15,084
KADA Expenses $ 38,147
Total Expenses $ 524,668
Net Ordinary Income $ 31,379
OTHER INCOME & EXPENSES
Interest Income $ 55
Depreciation $ 5,278
Net Income $ 26,156
STATEMENT OF FINANCIAL INCOME & EXPENSE
2014 Expenses by Functional Operations
$- $50 $100 $150
2010
2011
2012
2013
2014
Ye
ar
5-YEAR KEDA OPERATING INCOME COMPARISON
In Thousands
Ye
ar
www.kitsapeda.org | www.kitsapconnected.org 3 | P a g e
2014
2013
2012
2011
2010
KEDA 2014 ANNUAL REPORT
Business Retention, Expansion & Recruitment Marketing & Community Development Organization & Resource Development
MARKETING & BRANDING
4 | P a g e 360-377-94312 | Kitsap Way, Suite 103 | Bremerton, WA 98312
Thomas Kurcharski, Chair of IEDC Awards Advisory Committee; John Powers, Executive Director, KEDA; Kathy Cocus, Business Development Director, KEDA; Steve Politakis, CEO, Kitsap Bank and
Chairman of the KEDA Board; and William Sproull, Chair of IEDC Board
SPECIAL PURPOSE WEBSITE:
Kitsap Aerospace & Defense Alliance
VIDEO-MULTIMEDIA PROMOTION
KitsapConnected
INTERNATIONAL AWARDS IN CREATIVE MARKETING
KEDA was recognized for creative marketing by the International Economic Development Council at it’s Annual Conference in Fort Worth Texas.
PARTNERING FOR A STATE OF THE ART WEBSITE & DYNAMIC NEW LOGO
Kitsapeda.org attracts more than 27,000 unique visitors in 2014
KEDA launched it’s new website at the 2014 January Decision Makers Breakfast. The website was modeled after best in class economic development sites and standards. KEDA is extremely grateful to Applied Technical Systems, ATS, Inc. for providing a significant in-kind contribution, along with the vision, skills and local knowledge required to produce a first class website.
The RockFish Group also provided a generous in-kind contribution that led to the creation of a vibrant new KEDA logo and collateral material that effectively Tells and Sells the Kitsap Story!
2014 Top Website Downloads:
www.kitsapeda.org
4039 Capability Statements
623 NAVFAC Prime Contractors
393 WA State Rail Map
367 2014 KEDA Work Plan
251 KEDA Board of Directors
209 2013 Top Employers (private)
208 Keyport Industry Day
KEDA 2014 ANNUAL REPORT
STRONG BRANDING TO TELL & SELL THE KITSAP STORY
4 | P a g e 360-377-94312 | Kitsap Way, Suite 103 | Bremerton, WA 98312
0
200
400
600
800
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
LinkedIn Facebook Twitter
13 Videos in Portfolio
2,362 Total Views (2014)
1,676 Website Views (2014)
KEDA 2014
SOCIAL MEDIA FOLLOWERS
www.kitsapeda.org | www.kitsapconnected.org 5 | P a g e
TARGET ACTUAL
New Private Investment $5M $10M
Kitsap Companies Assisted 150 159
Employment at Assisted Companies 6,477^ 5,439
Kitsap Firms Referred to Aerospace 10 6
Jobs Supported/Created (direct assistance) 225 895
Information Research/Referrals 200 198
New Business Generated# $20M $62.5M
Trade Shows Attended 5 10
Recruitment Leads Generated 25 33
Recruitment Visits to Kitsap County 5 1
^ 2013 actuals
# Federal contracts as reported in USA Spending.gov
Business Assistance
KEDA is able to fulfill many business assistance requests immediately.
Others, particularly larger recruitment and expansion cases representing
large employment bases or challenging site selection requirements,
require extended consultations and assistance. Many of these cases can
span 18 months or more. Throughout the case activity, KEDA provides
consistent communication and professional assistance to the client, with
referrals, introductions and
1154
783
Companies Directly Assisted
KEDA at Work 2008-2014
KEDA Annual Meeting (March)
Decision Makers I & II (Jan and October)
19 PTAC workshops (direct & assisted)
Quarterly Full Board Business Briefings
Global Entrepreneurship Week Activities
Monthly Kitsap Business Forum
Business Events & Education
31 E-newsletters—News & Events, Biz Opps
115 Custom Research and Demographics
48 Community Presentations & Reports to Jurisdictions
24 Monthly KPBJ Columns & Display Ads
5 Selling to the Government columns
4 Kitsap Economic Indicators
3 Pop-up Trade Show Banners
#KitsapConnected Digital Ambassador Campaign
KEDA Website, Brochure and Logo
MARKETING & BRANDING
2014 Target & Actual Performance
BUSINESS RETENTION, EXPANSION & RETENTION
Research, Communications & Marketing
Employment at Assisted Kitsap Companies Kitsap Companies Assisted Custom Reports & Research
6 | P a g e 360-377-94312 | Kitsap Way, Suite 103 | Bremerton, WA 98312
Referrals/Information/Contacts
Companies Directly Assisted
640
1821
3718
6748 6744
5439
2009 2010 2011 2012 2013 2014
11
6753
4254
115
2009 2010 2011 2012 2013 2014
113124
10896
180159
2009 2010 2011 2012 2013 2014
KADA Key Accomplishments
Kitsap delegation at the Farnborough Air Show:
Tim Thomson, Charlotte Garrido, Governor
Jay Inslee, Trudee Inslee, and John Powers
7
31
39
12
15 Bainbridge Island
Bremerton
Kitsap County
Port Orchard
Poulsbo
Federal Government Contracts
KEDA 2014 PTAC Activity: 9 Government Contracting Workshops
93 Businesses receiving one-on-one counselling
11 Supported PTAC related events including:
Kitsap PTAC Clients Assisted - 2014 Kitsap PTAC Clients Assisted - 2014
— Selling to the Navy
— Alliance NW
— Prime Outreach Events
— Seaport-e Outreach
$13,160,315
$43,012,384
$14,939,591
$51,950,003
$34,005,892
62,518,363
2009 2010 2011 2012 2013 2014
www.kitsapeda.org | www.kitsapconnected.org 7 | P a g e 6 | P a g e 360-377-94312 | Kitsap Way, Suite 103 | Bremerton, WA 98312
In 2014, Kitsap PTAC
clients were awarded
over $62.5 M in federal
government contracts
and subcontracts
Celebrated Omohundro’s 1 year anniversary in Kitsap
Assisted Kitsap manufacturers in securing new aerospace clients
Continued to cultivate strong client relations with key Kitsap Defense Contractors
Partnered with OC, Air Washington, and Workforce Development Council on expanding manufacturing skills training
KADA leaders Patty Lent, Mayor of Bremerton, and Kitsap County Commissioner Charlotte Garrido, were signatories to Governor Inslee’s executive action constituting the Washington Military Alliance (WMA); and, KADA co-chair, John Powers, is appointed to the WMA executive leadership team
Partnered with WA Dept. of Commerce, Washington Aerospace Partnership, and Governor’s Office of Aerospace, in participating in a dozen strategic conferences and industry trade shows, includ-ing sponsoring a delegation to the Farnborough Air Show
Published 3rd Annual Report on www.kitsapaerospace.com
KEDA 2014 ANNUAL REPORT
EXECUTIVE COMMITTEE:
Steve Politakis, Chair, CEO, Kitsap Bank
Ben Anderson, Vice-Chair President & CEO, Art Anderson Associates
Bob Guyt, Treasurer Principal, Rice Fergus Miller
John Powers, Secretary Executive Director, KEDA
Julie Tappero, Immediate Past Chair President, West Sound Workforce
Tom Danaher, (through 6/12/2014) Public Affairs Officer, Naval Base Kitsap
Silvia Klatman (beginning 12/11/2014) Public Affairs Officer, Naval Base Kitsap
Charlotte Garrido, Commissioner, Kitsap County
Patty Lent, Mayor, City of Bremerton
Ed Stern, Councilmember, City of Poulsbo
DIRECTORS:
Anne Blair, Mayor, City of Bainbridge Island Steve Bonkowski, Council Member, City of Bainbridge Island Scott Bosch, CEO (through 5/29/14) Harrison Medical Center
Marcus Hoffman, Commissioner, Silverdale Water District
Erin Leedham (as of 3/20/2014) General Manager, Kitsap Mall
Tim Matthes, Mayor, City of Port Orchard
Mary McClure, Executive Director, Kitsap Regional Coordinating Council
Bryan McConaughy, (as of 5/15/2014) Sr. Local Government Affairs Rep, PSE
Dr. David Mitchell, President, Olympic College Brent Morris (as of 3/20/2014)
Publisher, Kitsap Sun Chris Rieland, CEO & President,
Pacific NW Title Jon Rose, President,
Olympic Property Group Chad Solvie, CEO,
Martha & Mary Russell Steele, CEO,
Port Madison Enterprises Larry Stokes, Commissioner,
Port of Bremerton Dwight Sutton, Emeritus
Greg Wheeler, Councilmember, City of Bremerton
Linda Brown, CEO, The Doctors Clinic Jim Carmichael (emeritus as of 3/31/2014) Jim Carmichael & Associates Jerry Childs, Councilmember, City of Port Orchard Jim Civilla, Commissioner, Kitsap PUD (beginning 5/28/2013) Lary Coppola, President & CEO,
Wet Apple Media Pete DeBoer, Commissioner, Port of Kingston Judy Mentor Eagleson, President, Mentor Company Becky Erickson, Mayor, City of Poulsbo Leonard Forsman, Chair, Suquamish Tribal Council John Gardner, Dean (through 3/31/14) Bainbridge Graduate Institute Mark Gulbranson, Deputy Exec. Director, Puget Sound Regional Council Elliot Gregg, CEO,
Kitsap Credit Union Ed Hallda, VP Strategic Development, Applied Technical Systems Steve Hayes, VP of Sales, Watson Furniture Group (as of 12/11/2014)
KEDA INVESTOR/PARTNERS
2014 KEDA BOARD OF DIRECTORS
*Includes January 2014—January 2015 investors.
Accountability Plus, Inc. Alpine Evergreen
Applied Technical Systems
Art Anderson Associates
Baymont Inn & Suites
Best Western Plus, Silverdale Beach Hotel
Bradley Scott, Inc.
Bremer Trust
Cascade Natural Gas
Chiropractic Health Center
City of Bainbridge Island
City of Bremerton
City of Port Orchard
City of Poulsbo
Columbia Bank
Compensation Consultants
Evoke Networks
Excell Puget Sound
Executive TimeSlice
Exideo Consulting
Flamingo Audio
General Dynamics NASSCO
Hampton Inn & Suites
Harrison Medical Center Hurley, Williams & Cook PS
Jim Carmichael & Associates
JHarrison Solutions
Kingston Stakeholders
Kitsap Bank
Kitsap Commercial Investment Brokers
Kitsap Conference Center
Kitsap County
Kitsap Credit Union
Kitsap Mall
Kitsap Mental Health Services
Kitsap Peninsula Business Journal
Kitsap Public Facilities District
Kitsap PUD #1
Kitsap Regional Library
Kitsap Sun Kitsap Transit
Land Title Company
Le Gamarche’ Catering
Liberty Bay Bank
Lyons Painting & Design, LLC
Martha and Mary
Mentor Company
National Center for Manufacturing Sciences
North Kitsap School District
Nova Group, Inc.
Olympic College
Olympic Property Group, LLC
Pacific Northwest Title
Paratransit Services
Peninsula Subaru
Port of Kingston
Port Madison Enterprises
Port of Bremerton
Propel Insurance
Puget Sound Energy
Puget Sound Regional Council
Rice Fergus Miller
SAFE Boats
Shelter Bay Group
Silverdale Water District
Skookum
Stirrett Johnson
Suquamish Tribe
Sustainable Media Group
The Doctors Clinic
The RockFish Group
Tim Ryan Construction
Washington State Dept. of Commerce
Watson Furniture Group
Wells Fargo
Westbay Auto Parts
West Sound Workforce, Inc.
Western Washington University
Wet Apple Media
White Horse Golf Club
Windermere Real Estate