- The Port determines its financial capacity, priorities, and goals for pursuing economic development in the community.
- The Port holds public forums to invite comments on its plans and input on which industries the Port should support.
- The Port establishes guidelines for investing, and invites proposals from the community.
- The Port appoints a Business Advisory Council to review proposals, interview proponents, and assess their ideas, financial plan, business plan, commitment, and cost/benefit to the community.
- The Business Advisory Council makes recommendations to the Port.
- The Port reviews the recommendations and proposals and decides whether or not to invest.
Examples of possible investments
Community Commercial Kitchen
A possible joint venture with Taproot, a Lopez non-profit, to complete a kitchen with refrigeration and storage; this facility can help to spur development of local food producers into year-around businesses that could sell their products in stores.
Recycling plastics into saleable products
A possible joint venture with the Lopez Solid Waste District. We will be losing our buyer of plastics on January of 2018, and finding a local use for plastics could help reduce the amount of plastic waste that needs to be shipped off-island. Inexpensive machines are available to recycle our 40,000 pounds of plastic into products such as fence posts, plastic wire for 3-D printers, and various 3-D printer products. This could create a new for-profit business and year-around jobs.