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Home My WebLink About19 February ICG Workshop Deck ICG Workshop 19 February, 2026 North Olympic Peninsula Resource Conservation & Development Council (NODC) 1 Workshop permissions We ask you to: Trust the process Get ideas out and go fast Make space for all to contribute We ask that everyone not sitting at the table use the microphone when speaking. This ensures participants on Zoom and those using hearing assistance can hear your input. 2 Frame and Focus Phillippa James Photography 3 Goals for our time together Frame the scope of our economic work together (what is in the frame?) Identify next steps to move our work forward (what is our immediate focus?) 4 Economic Trends in Jefferson County Median Household Income Nominal Change 2000→2024: +94% Real Change 2000→2024: +7% Nominal Change 2010→2024: +60% Real Change 2010→2024: +9% Median household income includes the total pre-tax cash income of all members in a household aged 15 or older, combining earned income (wages, salaries, tips, bonuses, and net self-employment earnings) with unearned income (interest, dividends, rent, retirement, social security, and public assistance). 5 Economic Trends in Jefferson County Median Wage (from WA Economic Security Department) Nominal Change 2000→2022: +98% Real Change 2000→2022: +26% Nominal Change 2010→2022: +48% Real Change 2010→2022: +16% 6 Economic Trends in Jefferson County Median Home Value Nominal Change 2000→2024: +230% Real Change 2000→2024: +82% Nominal Change 2010→2024: +83% Real Change 2010→2024: +24% 7 Economic Trends in Jefferson County Median Gross Rent Nominal Change 2000→2024: +118% Real Change 2000→2024: +20% Nominal Change 2010→2024: +66% Real Change 2010→2024: +13% 8 Economic Trends in Jefferson County Affordability Analysis Change 2000→2024: +2.9x Change 2010→2024: +.9x Context: A price-to-income ratio of 3.0x or below is generally considered affordable. Jefferson County's ratio of 7.1x means median-income households need more than 7 years of total household income to purchase a median-priced home. 9 Economic Trends in Jefferson County Labor Force Analysis Note: Labor force participation decline is primarily driven by population aging, not economic distress. As the share of retirement-age residents increases, fewer working-age adults remain in the labor pool. 10 Economic Trends in Jefferson County Demographic Shift 11 Definitions of Economic Development US Economic Development Administration (EDA): Economic development creates the conditions for economic growth and improved quality of life by expanding the capacity of individuals, firms, and communities to maximize the use of their talents and skills to support innovation, lower transaction costs, and responsibly produce and trade valuable goods and services. 12 Definitions of Economic Development Jefferson County believes that investing in our local economy, culture, and ecosystem yields benefits for current residents and future generations. 13 Definitions of Economic Development The Port of Port Townsend is committed to promoting sustainable growth based on a ‘triple bottom line’ approach that factors economic, environmental, and social consequences into our decision-making, and which enhances the long-term wellbeing of the community. 14 Definitions of Economic Development Jefferson PUD’s mission is to better the lives of our community through the delivery of water, sewer, electric, and broadband service each and every day. 15 Definitions of Economic Development Economic development attracts, sustains, and retains businesses and industries which provide jobs and services as well as a tax base for municipalities like the City of Port Townsend that deliver basic services. 16 Definitions of Economic Development EDC Team Jefferson Our mission is to support a resilient, inclusive, local economy by strengthening businesses, cultivating human potential, and building the relationships and systems that help Jefferson County thrive. We envision a Jefferson County where businesses, organizations, and community members are connected through trust, collaboration, and place-based investment, working together to create locally rooted, sustainable prosperity that supports both people and the living systems they depend on. 17 Definitions of Economic Development North Olympic Development Council From the 2026-30 regional Comprehensive Economic Development Strategy: Our vision is to build on “Connection to Place” to create a thriving and inclusive economy through a collaborative, triple-bottom-line approach resulting in economic, environmental, and social prosperity. 18 Definitions of Economic Development International Economic Development Council: Economic development is programs, policies, and activities that seek to improve the economic well-being and quality of life for a community by creating and retaining jobs and providing a stable tax base. 19 Definitions of Economic Development International Economic Development Council: A vibrant economy is the result of deliberate choices and actions. All communities need a person or an organization that wakes up every day charged with improving the health of the local economy. 20 What Is In Our Frame? Guiding questions include: What can we do together that we can’t do alone? Where can collaboration amplify progress and success? What gaps can the ICG fill? Where (geographically) do our interests and needs overlap? 21 What Is In Our Frame? Our process: Work independently for 3-5 minutes, writing on sticky notes Share out and theme ideas If there’s time, prioritize themes 22 Sticky Note Etiquette We’re going to move into some activities using sticky notes. To make it easier for us to transcribe your thoughts later, please: Use Sharpies Print Write ONE thought per note so we can cluster like ideas Keep your ideas brief, but complete Pull Post-Its from the side, not the bottom (they stick better!) 23 Sticky Note Etiquette Compare policies that affect housing density across all partners Make sure we don’t make all new housing and development car-dependent by carefully looking at existing transit lines and schedules for siting new development Consider transit Focus housing and economic development around existing transit lines Compare policies that affect housing density because we are in desperate need of more affordable housing Review policies on housing 24 What Is In Our Frame? Our process: Work independently for 3-5 minutes, writing on sticky notes (or in chat) Share out and theme ideas If there’s time, prioritize themes Guiding questions include: What can we do together that we can’t do alone? Where can collaboration amplify progress and success? What gaps can the ICG fill? Where (geographically) do our interests and needs overlap? 25 What Is In Focus? Guiding questions include: What do we need to move forward? What do we need to learn more about? What is a first task we might tackle together? What are the programs, policies, and activities we should prioritize? 26 What Is In Focus? Our process: Work independently for 3-4 minutes, writing on sticky notes (or in chat) Share out and theme ideas If there’s time, prioritize themes Guiding questions include: What do we need to move forward? What do we need to learn more about? What is a first task we might tackle together? What are the programs, policies, and activities we should prioritize? 27 Next Steps and Closing Next steps: NODC will capture all your input from today The meeting output will be part of the public documents Staff from each entity will follow-up as needed THANK YOU FOR YOUR WORK TODAY! 28