Posts tagged: Genie Industries
Spokane-based Greater Spokane Inc. is launching a preliminary study to determine if area voters would support a port district.
Mentioned during the recent GSI annual meeting, the idea of a port district has resurfaced several times among proponents who say it can help economic development.
GSI CEO and President Rich Hadley said on Friday that the group will likely create a task force from area officials and business leaders to study the idea.
State law allows counties and government bodies to form a port district and raise funds through taxes. Port districts can be formed anywhere regardless of proximity to water or an airport.
Districts can focus on adding infrastructure to attract businesses or help existing firms expand. That can range from building new roads to adding utility lines, Hadley said. They also serve as marketing arms, encouraging new investment.
In 2000 area officials studied the port district idea but shelved it when interest and momentum behindg the idea lagged.