Space Sector has growing economic impact in region
 
According to an upcoming PSRC study, the space industry is expected to contribute about $1.76 billion in economic activity to Washington communities in 2018. The sector supports an estimated 6,200 jobs - paying about $610 million. The sector also contributes about $62 million annually in state and local tax revenues. Our region is becoming a major hub for commercial space ventures and research. This week space entrepreneurs, investors, and government and business leaders from all over the world are heading to Renton for the annual NewSpace 2018 conference.
Strong demand for PSRC funding
 
Our process to select transportation projects for funding is on track. A total of 254 projects have applied for $525 million in federal highway and transit funding. The Transportation Policy Board will recommend a final list of projects at its meeting in July, and the Executive Board is scheduled to approve the funding on July 26. You can find out more about the projects in the running and more details on our website.

Region's growth in transit boardings leads the nation
 
The central Puget Sound region experienced the highest total increase in transit boardings of any region in the country in 2017 and ranked second for rate of change. Since 2010, the 19% increase in transit boardings in the region has exceeded any other similarly sized region in the country.  
Visiting UW Bothell, one of the stops on the Seattle Metro Chamber's study tour.

Exploring innovation, technology and planning on the Eastside

 
I joined in the Seattle Metro Chamber's in-state study mission to east King County last week. It was a packed agenda. A "Regionalism on the Eastside" panel featured three Eastside mayors who are also PSRC Executive Board members: Bellevue Mayor John Chelminiak, Redmond Mayor John Marchione, and Kirkland Mayor Amy Walen. Many other regional leaders participated.

We had a chance to see first-hand the development transforming downtown Bellevue and hear about planning and building underway in the Spring District. Technology was a big theme as we learned more about Smart Cities, the Intellectual Ventures Lab, Bothell's biotech and medical devices hub, Microsoft's work on cybersecurity and blockchain, and more. We also visited 21 Acres farm to learn about sustainability and farming in the Sammamish River Valley and a growing wine and brewing tourism industry.

The tour underscored for me how our region is continually innovating, launching businesses, and trying out new ideas that will have a worldwide impact.

I welcome your feedback on our work at PSRC. You can reach me at jbrown@psrc.org .


Executive Director
Puget Sound Regional Council
June 25, 2018