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• 6. Increased Tax Revenue <br /> • Startup sales generate local sales and B&O taxes; occupied properties <br /> raise assessments. <br /> • Events boost lodging tax. <br /> LIST ONE OR MORE ECONOMIC OUTCOMES THAT YOU Long-term goal: >$500,000 additional local taxes annually by year 10. <br /> EXPECT FROM THE PROPOSED CERB PROJECT. <br /> 7. Partnerships, Talent Pipelines & Patents <br /> • Form an Industry Advisory Board for sponsorships &guidance. <br /> Old Heat will become a facility on the edge of the CWU campus for business and Run an "Innovation Fellows" program linking students to startups. <br /> university to collaborate on technology initiatives. It will have adequate parking, Hire a Tech Officer; seed mini-grants for prototypes. <br /> and the building will provide much-needed event and conference space in the <br /> city of Ellensburg. Implemented together, these initiatives position CWU's commercialization center <br /> as the engine for diversification, living-wage job creation, real-estate activation, <br /> 1. Workforce Development visitor spending, stronger tax revenues, and a robust innovation ecosystem in <br /> • Entrepreneurship workshops, maker spaces, and certificate programs. Ellensburg. <br /> • Paid internships and project-based learning with tenant startups. <br /> • Upskilling courses. Number of new patents/startups per year in County <br /> • Industry/Field areas of new patents/startups in the year in County <br /> 2. Leasing and Sales of Commercial Properties Graduate retention and placement in local firms <br /> • Locate the center in a vacant downtown building to anchor revitalization. • Firm survival rate after three years <br /> • Match graduating startups with larger local spaces. • Number of firms graduating from Old Heat to Bowers Field <br /> • Run real-estate open houses. • Participation in Small Business Innovation Research/Small Business <br /> Technology Transfer or other federal innovation programs <br /> 3. Lodging Demand from Events <br /> • Host annual innovation summits. <br /> • Operate a 10-12 week summer accelerator with hotel/dorm blocks. <br /> • Target 5-10 % rise in lodging tax receipts within five years. <br /> 4. Diversification of Local Economy <br /> • Create an aerospace hub in the Central Washington region. <br /> • Focus tracks on aerospace, ag-tech, clean energy, and software. <br /> • Support value-added ventures leveraging regional agriculture. <br /> 5. Creation of Living-Wage Jobs <br /> • Prioritize STEM and advanced-manufacturing startups ($30-$45/hr). <br /> • Leverage state training grants to raise employee wages. <br /> • Aim for 250 new living-wage jobs within 10 years. <br /> 60 1 Old Heat CERB Feasibility Study <br />