2.09.26 PW SS Briefings - Laserfiche WebLink

Home Browse Search

• and the larger state and national demand markets. This project's focus on building highly skilled labor and destinations where it is best valued also fits with the increasing demand to reshore manufacturing activities into the United IDENTIFICATION OF TARGETED INDUSTRIES States.Aerospace, for example, as a primary industry activity in Washington State presents an opportunity with particularly high potential for reshoring into the Central Washington Region, with the Old Heat Project being a protype for The following section translates Old Heat's four core objectives into specific funneling activity back to the US. industry applications and technology-driven strategies. Each targeted sector Currently the aerospace industry is importing supply chain factors from outside and institutional program described below contributes to one or more of these the state and nation. For this example, in aerospace we are focusing on aircraft objectives: creating high-wage employment, commercializing and diffusing engine (NAICS 336412) and aircraft parts (NAICS 336413) as aircraft assembly technology statewide, reusing state assets efficiently, and demonstrating a model requires large facilities, and the primary aerospace ecosystem in Washington for replicable Eastern-Western Washington economic alignment. Together, these focuses on Boeing as the final assembly enterprise. Of the total U.S. aircraft activities illustrate how the project's governance, facilities, and programs convert engine parts manufactured, sale and value of shipments were$35.4 billion those objectives into measurable economic outcomes. (2021), and 49%was imported from out of the U.S. ($17.24 billion). The Old Heat project is structured to target firms and sectors that can transform For components needed to build aircraft listed as"Other Aircraft Parts and the regional economy through accelerated growth, high-wage job creation, and Auxiliary Equipment" by the U.S. Census, the sale and value of shipments were innovation spillovers. Rather than filling space with any tenant activity, Old Heat explicitly filters for industries that align with three strategic imperatives: $28.4 billion (2021). Of this, 42.5%, or$12.06 billion, was imported. This amounts to lost jobs and a lost tax base. This project is meant to serve as a funnel for 1. Creation of high-wage, high-skill jobs that increase household prosperity and reshoring production and using Kittitas County's resources towards increasing regional competitiveness. state and national capacity by transitioning production and innovative activity to 2. Technology diffusion and innovation spillovers, ensuring new capabilities other local and proximate regional locations. The lower estimation of impact is of extend into existing businesses and the wider community. Old Heat serving as a facility for aerospace manufacturing itself. In this case, the 3. Compatibility with Central Washington's institutional and physical estimate of revenues is$17 million a year. infrastructure, including CWU's research and talent base, regional The following section breaks out the rationale, regional fit, role, and tech transportation and logistics systems, and the proposed Advanced diffusion, by industry: Competitive Technology Institute (ACTT). CURRENT STATE AND NATIONAL GAP AND WHY OLD HEAT IS A STEP 1.AEROSPACE AND PRECISION COMPONENT MANUFACTURING TOWARDS MEETING THE GROWING NEED Rationale: Ellensburg's location along the I-90 corridor places it within • Renton while The Old Heat—Bowers Field development model serves as both an on-ramp for reach of Washington's aerospace hubs (Seattle, Kent, ) existing firms to adopt new technologies and expand their competitiveness, and a offering significantly lower land and facility costs. Tier 2 and Tier 3 launch pad for new ventures that require applied research support, skilled labor, suppliers face pressure to locate outside Puget Sound but still need accessto skilled talent and university partnerships. and scalable facilities. Earlier, in Section A, this project was discussed as an instrument to fill the gap between available workforce and resource capabilities, 401 Old Heat CERB Feasibility Study