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CNBC ranks Washington State first in the CNBC "Best States for Businesses" poll, based on the following criteria: • Workforce (425 pts) • Technology and Innovation (225 pts) • Infrastructure (400 pts) ■ Education (200 pts) • Cost of Doing Business (350 pts) • Business Friendliness (150 pts) • Economy(300 pts) a Access to Capital (100 pts) 4 Quality of Life (300 pts) • Cost of Living(50 pts) What is the Ellensburg's competitive business position? Reflecting on the criteria above, and using data collected about regional competitor municipalities, the Ellensburg Business Development Authority has articulated conducted a "SWOT" analysis of this community's business position, vis a vis recruitment of new opportunities. STRENGTHS Central Washington University Ellensburg is home to one of Washington State's premier comprehensive universities, Central Washington University.The university provides a well-educated workforce and a knowledge- force that supports innovation, business recruitment, and grants.The AACSB accredited College of Business is the home of the Institute of Innovation and Entrepreneurship (141E). Established seven years ago with a grant from the Herbert Jones Foundation, the 141E is the intellectual hub for entrepreneurship and youth generated start-up businesses. Posture Recommendation One of just six communities in the state and Leverage relationships and resources at CWU the only one in central WA with a to support outreach to and development and significant, residential baccalaureate recruitment of new business. institution. Business Development Authority Designation `Posture Recommendation One of Washington state's Public Fully understand and utilize the capabilities of Development Authority's with bonding a PDA. Seek out Public-Private partnerships to capacity, build-to-suit options, and increase opportunities for livable-wage job experience with Public-Private creation. Partnerships. 2