Jul 25: Dinner Speaker John Powers Executive Director Kitsap Economic Development Alliance (KEDA)

Our July 25 Dinner Speaker will be John Powers,  Executive Director Kitsap Economic Development Alliance (KEDA).

“Kitsap’s economic future is bright and growing stronger with each generation. Our future is clearly centered around the strength and stability of Kitsap’s core industries: defense, manufacturing, maritime, health care, professional services, and tourism; as well as emerging sectors such as technology. And from my perspective, Kitsap’s economic opportunities are also tied to the dynamic, vibrant future development of the entire Seattle regional market … and the ever expanding and important role Kitsap plays in our region’s future.”

Here are ten highlights that profile Kitsap’s critical role:

  • Kitsap is home to the second-largest industrial complex in the region – PSNS/IMF – in terms of employment base and economic output (20,000-plus highly skilled workers, the majority of which are civilian);
  • Kitsap ranks second in the state on the percentage of workforce engaged in STEM jobs, according to a report released by WTIA last month, and Kitsap is home to Olympic College — consistently ranked among the top community colleges in the country by the Aspen Institute;
  • Kitsap is home to the third largest employer in the region – Naval Base Kitsap and its five distinct missions – directly employing 35,000 military and civilians and over 5,000 first-tier private defense sector employees;
  • The annual economic impact on our region emanating from DOD spending exceeds $6 billion! This sector ranks among the top five in our region;
  • One out of three jobs in our region in the maritime industry reside in Kitsap County;
  • Kitsap is the site of the largest Level III tertiary medical facility currently under development in our region, with the HMC/Franciscan Medical Center in Silverdale;
  • Kitsap is home to the largest industrial greenfield site in our region, with 3,000 contiguous acres in the Puget Sound Industrial Center-Bremerton;
  • Kitsap has five points of access to the nation’s largest ferry system, and more than half of WSF’s 24 million annual passengers flow into and out of Kitsap;
  • Kitsap is home to Microsoft’s first AI development office outside of King County; and, home to WWU’s Cyber Security NSA Sanctioned Cyber Range (1 of 9 in the country);
  • A recent PSBJ Report ranks Kitsap No. 1 in the state relative to affordability measured in terms of Median Household Incomes / Median Household Prices. High earnings and relatively low housing costs result in Kitsap residents enjoying the highest net disposable income or “purchasing power” in the state. Kitsap’s regional affordability advantage clearly helps modulate the affordability disadvantages faced within the King County core of our region – after all, not every business can afford to, or desires to, operate along the I-5 corridor.

To learn more about Kitsap’s economy, its role in the region and its bright future, join us at 5 PM  Thursday July 25 at the Bremerton Dennys 5004 Kitsap Way, Bremerton.  For more information call Pat Ryan at (360) 692-4750 pat.ryan58@comcast.net

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