KEDA Honors Russell Steele with Economic Development Lifetime Achievment Award

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Russell Steele, CEO of Port Madison Enterprises

Russell Steele, CEO of Port Madison Enterprises

March 30, 2016 – Russell Steele was lauded by a host of Kitsap business and community leaders at the Kitsap Economic Development Alliance (KEDA) Annual Meeting where he was presented with a Lifetime Achievement Award in recognition of his unwavering support of economic development efforts in Kitsap County.

Steele is the CEO of Port Madison Enterprises, and served on the KEDA Board of Directors for nine years (April 2007 through March 2016) including a term as Treasurer. During his tenure with the KEDA Board, Russell was known for his vision and leadership, and for his tireless support of efforts to improving economic opportunities and growth in Kitsap County.

Julie Tappero, president of West Sound Workforce, and KEDA board member said “While serving on the KEDA Executive Board with Russell, I was so impressed by his loyalty to his company, Port Madison Enterprises, and to their employees. He brought that same dedication and loyalty to KEDA. I always counted on him for sage and sound advice, and will miss his wisdom and his passion for our community.”

R Steele _Lifetime Achievement Award_KEDA Leadership

(Photo R-L: John Powers, Executive Director, Kitsap Economic Development Alliance (KEDA); Russell Steele, CEO, Port Madison Enterprises; Ben Anderson, KEDA Board Chair and CEO, Art Anderson Associates; Steve Politakis, Immediate Past Chair, KEDA Board of Directors and CEO, Kitsap Bank; Julie Tappero, KEDA Board of Directors, and President, West Sound Workforce.)

Russell Steele took the helm of Port Madison Enterprises (PME) in 2001. Since then, he has spearheaded the successful opening of a casino destination resort on the Kitsap Peninsula that includes 3 restaurants, a main casino gaming installation, spa, an 85-room resort and the recent additions of a 98-room hotel tower along with 10,000 sq. ft. of conference space at the waterfront facility. Russell has also worked to diversify PME business operations by acquiring the popular event facility Kiana Lodge, expanding retail operations including the recent re-launch of the Masi Shop and the acquisition of White Horse Golf Course. During that time PME’s workforce has grown from roughly 200 to over 900 with an additional 100 positions to be filled.

“The Suquamish Tribe is proud of the work that Russell Steele has done to grow Port Madison Enterprises into the regional presence it has become and congratulate him on this honor. Not only is Russell a great business leader, but also a great mentor and friend to our Tribal community,” said Suquamish Tribal Chairman Leonard Formsan.

The Economic Development Lifetime Achievement Award has been awarded only six times since 2004. The award recognizes exceptional service, demonstrated leadership, and direct creation of primary jobs and/or the creation of community assets needed for primary jobs.

KEDA executive director, John Powers, commented on his experiences with Steele, “It has been my good fortune to work with many exceptional community leaders in advancing economic opportunities. From my perspective, Russell Steele stands out for his keen understanding of the clear nexus between economic development and community development and his commitment to both.”

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