Definition as it applies to Yesler Terrace
redevelopment
The Citizen Review Committee has defined
"Economic Opportunity" as follows:
Improve the overall
economic conditions, opportunities and quality
of life for current and future generations
living with the Yesler Terrace community by fostering access to jobs, transportation, community services and safe
low-income affordable housing and financial
tools.
Guiding
Principles
-
Support
creation of living wage jobs for residents by
creating and sustaining innovative partnerships
with industry and surrounding neighborhood
organizations and businesses to provide
apprenticeship, entrepreneurial and business
development opportunities.
-
Assist
residents in transitioning out of subsidized
housing through financial literacy, asset
building and other educational programs.
-
Strengthen
partnerships with social service agencies and
institutions to address resident barriers to
employment such as transportation, education,
training, language and child care.
-
Engage in
partnerships to assist homeless families
obtain stable housing and increase household
income.
-
Promote the
creation of a
micro-loan program or other access to capital to
support residents in developing entrepreneurial
businesses.
-
Preserve and
foster home businesses for all residents within Yesler
Terrace.
-
Support
training, apprenticeship and living wage job opportunities
for residents and those in adjacent communities wherever possible in all phases of
Yesler Terrace redevelopment from planning
through construction.
-
Preserve and
promote small businesses adjacent to Yesler
Terrace.
