#603 - Mayor Jenny Durkan and Downtown Leaders Announce New Efforts to Bring People & Business Back
News For Reasonable People
English - July 05, 2021 10:00 - 23 minutes - 16.6 MB - ★★★★★ - 7 ratingsInvesting Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Mayor Jenny A. Durkan and downtown Seattle community leaders today announced the Road to Downtown Recovery plan, which includes new efforts and investments to bring workers, small businesses, and visitors back downtown.
Using Seattle Rescue Plan investments and other federal funds, the City will invest more than $9 million in downtown recovery projects, including efforts to address empty storefronts, direct cash assistance to downtown small businesses, and workforce development programs for un- or under-employed downtown hospitality workers.
Private partners – including the Downtown Seattle Association (DSA) and Visit Seattle – are committing $7.4 million this year for other efforts including marketing, events, and cleaning. For the purposes of this recovery effort, the City’s definition of downtown spans from Seattle Center to the Stadium District and I-5 to the Waterfront.
Downtown Seattle has been significantly impacted by the COVID-19 pandemic and resulting economic downturn. According to data from DSA, more than 450 street-level business locations have permanently closed downtown since the pandemic began. In addition, average daily foot traffic downtown has decreased from nearly 450,000 visitors per day in January 2020 to 300,000 visitors per day in June 2021.
During initial COVID-19 safety restrictions, average daily visitors downtown dropped as low as 130,000 per day. According to the Puget Sound Regional Council, at pre-pandemic levels, an estimated 48.9 percent of the covered employment in Seattle – workers who are covered by State of Washington insurance programs – was based downtown.
Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.
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