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F 1 x_2_4 L[!.'�1 <br />During first quarter 2018, a sub -committee of the Ellensburg Business Development <br />Authority (EBDA) convened to perform a review of the competitive position of the <br />EBDA, and set strategic actions for delivery during 2018. <br />ELLENSBURG'S ECONOMIC STRENGTHS <br />Dation. Ellensburg is home to one of Washington State's premier <br />comprehensive universities, Central Washington University, The AACSB <br />accredited College of Business Is the home of the Institute of Innovation and <br />Entrepreneurship (I4IE). Established seven years ago with a grant from the <br />Herbert Jones Foundation, the I4IE is the intellectual hub for entrepreneurship <br />and youth generated start-up businesses. The EBDA manages the Ellensburg <br />Business Incubator, where business start-ups take root and grow, graduating in <br />3-5 years to a new Eliensburg location. <br />Posture <br />Recommendation <br />One of Washington state's Public <br />Fully understand and utilize the <br />Development Authority's with bonding <br />capabilities of a PDA. Seek out Public. <br />capacity, build-to-sult options, and <br />Private partnerships (P3) to increase <br />experience with Public -Private <br />opportunities for livable wage job <br />Partnerships. <br />creation. Target individuals who are <br />good for our community not just <br />business sectors. Educate EBDA, City <br />Council about change and disruptors' <br />happening in the economic <br />development profession e.. H 2 . <br />• Well cducated workforce. Ellensburg residents have a level of education higher <br />than average in Washington state. Over half of the community has a direct <br />affiliation with Central Washington University either as a student or employee. <br />Posture <br />Recommendation <br />Over 3,000 degrees are conferred by <br />Customize degree/certification <br />CWU in Ellensburg each year in <br />programs to meet new/existing <br />Ellensburg. Graduates infrequently <br />business needs. Build a path for <br />stay because the job market is <br />graduates to follow and stay In <br />limited. <br />Ellensburg. Identify opportunities to <br />connect intellectual power of faculty <br />and students to economic <br />