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EXECUTIVE SUMMARY <br /> The adaptive reuse of the Old Heat facility is a strategic investment in the Central Old Heat: Main Objectives <br /> Washington region's economic future. By transforming this historic structure 1. High-Wage Job Creation and Rural Economic Mobility <br /> into a hub for technology commercialization, diffusion, and industry growth,the 2. Technology Commercialization and Statewide Tech Diffusion <br /> project will foster high-wage employment and expand regional capacity to serve 3. Adaptive Reuse of State Resources <br /> key state and national industries. While aerospace offers a clear example of how 4. Model for Statewide Replication of Strategic East—West Alignment <br /> Old Heat can help reshore advanced manufacturing to Central Washington,the <br /> facility is designed to also support agriculture technology, communications, and The Old Heat building could be used to bring new industries to the Central <br /> other innovation-driven sectors that can anchor long-term competitiveness. Washington region: <br /> • Jobs for recent graduates and local residents <br /> The Old Heat feasibility study has assessed proven models of economic 0 Collaboration opportunities for professors <br /> revitalization and identified strategies that fit the unique strengths of Kittitas • Access to cutting edge technology for legacy agricultural businesses <br /> County and the surrounding region.This includes linking entrepreneurial support, <br /> commercialization programs,technology diffusion, and workforce development <br /> with industries that elevate wages and expand Washington's global role in <br /> technology and manufacturing. <br /> A central feature of the project is its ability to visually demonstrate what Old <br /> Heat can become.The investment in this feasibility study from the Community <br /> Economic Revitalization Board (CERB)enables the creation of high-quality <br /> design concepts that blend the building's historic character with modern <br /> technology needs.These concepts not only present a compelling vision for -�— <br /> stakeholders but also serve as a foundation for defining the governance �!! <br /> structure, recruiting anchor tenants, and ensuring the long-term sustainability of <br /> the Old Heat commercialization center. .r <br /> Together, these elements position Old Heat as a cornerstone for a more <br /> connected, competitive, and inclusive Washington economy. Its work aligns with _ <br /> four overarching objectives that guide the project's design, partnerships, and I i <br /> i' <br /> outcomes: <br /> Old Heat CERB Feasibility Study 7 <br />