Prosperity Partnership > Clusters - Logistics and International Trade

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Logistics and International Trade Cluster

About the Cluster

This cluster includes the largest number of specific industry components, however, the number of industry sectors is not that large. The primary components of this cluster include air, sea, and freight transportation and the related operations, shipping, and handling, product storage, and support services related to financing. This cluster exceeds the average U.S. employment concentration ratio by 30 percent, and is spread throughout the region, with heavy concentrations within the region's designated manufacturing/industrial centers.

2008 Action Items

	Action Initiative	Action Initiative Area	Organization	Target Completion
1	Identify key measurements to compare the Puget Sound to its international peer regions through an International Benchmarking consortium	Logistics and International Trade	Trade Development Alliance / Prosperity Partnership / Technology Alliance	June 2008
2	Improve our region's business climate for international trade by conducting a survey on our region's accommodation to international visitors and producing a marketing and education piece for local officials on the international economy	Logistics and International Trade	Trade Development Alliance / PSRC	June 2008
3	Stage an export promotion symposium in King County	Logistics and International Trade	Trade Development Alliance	September 2008
4	Identify the criteria necessary to make the Puget Sound an attractive place for foreign direct investment, and use that information to successfully complete these transactions	Logistics and International Trade	Trade Development Alliance / CTED / Prosperity Partnership / enterpriseSeattle / Snohomish County EDC / EDB for Tacoma and Pierce County / Kitsap EDA	December 2008

Cluster Strategy Development Background
In 2005, to target its work in supporting the logistics and international trade cluster, the Prosperity Partnership formed a Logistics and International Trade Cluster Strategy Development Working Group tasked with identifying specific action initiatives to be implemented by 2010. A special thanks goes to the co-chairs of that working group:

M.R. Dinsmore, CEO
Port of Seattle
(retired March 2007)
www.portseattle.org
Tim Farrell, Executive Director
Port of Tacoma
www.portoftacoma.com
Bill Stafford, President
Trade Development Alliance
www.ci.seattle.wa.us/tda
Andreas Udbye, Executive Director
World Trade Center Tacoma
(retired June 2007)
www.wtcta.org

The full Logistics and International Trade industry cluster strategy can be found starting on page 49 of the Prosperity Partnership's Regional Economic Strategy.

Contact
For more information, contact Bill McSherry, bmcsherry@psrc.org, 206-971-3269

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