How Ballard will benefit from the mayor's $1 million investment in neighborhood business districts
Last week, Mayor Mike McGinn announced a $1 million investment in 18 Seattle neighborhood business districts, including Ballard.
The Seattle Jobs Plan specifically targets investment in Seattle’s neighborhood business districts and the small businesses, which employ 72 percent of Seattle’s workforce and contribute 35 percent of the city’s business tax revenues, totaling $55.4 million. Local neighborhood business districts serve as the location and incubators for many of the city’s small businesses.
McGinn announced that "focused investments" of $247,500 will be made in Ballard, Beacon Hill, Columbia City, Rainier Beach, University District and White Center to aid The Office of Economic Development's Only in Seattle campaign.
In addition, $35,000 will be invested to build strong business-focused organizational capacity to sustain the efforts of neighborhood business districts Business Improvement Area (BIA) formation in various neighborhoods including Ballard.
And finally, $20,000 is set aside for farmers market support in neighborhoods across the city.