TO: Committee of the Whole - Planning and Public Works
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
|
Planning and Community Development |
Carol Helland |
425-556-2107 |
DEPARTMENT STAFF:
|
Planning and Community Development |
Seraphie Allen |
Deputy Director |
|
Planning and Community Development |
Philly Marsh |
Economic Development Manager |
|
Planning and Community Development |
Kim Dietz |
Principal Planner |
TITLE:
title
Adoption of the 2024 Economic Development Strategic Plan
OVERVIEW STATEMENT:
recommendation
In July of 2023, Council approved a consultant contract with Community Attributes, Inc. to work with staff to develop the City of Redmond’s first Economic Development Strategic Plan. In November 2023, data findings were shared with Council. At the March 26, 2024, Study Session, the vision, goals, and strategies of the Economic Development Strategic Plan were shared for Council discussion and feedback. Staff has worked with internal departments to confirm the actions incorporated in this final draft for adoption.
body
☒ Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
☐ Receive Information ☒ Provide Direction ☐ Approve
REQUEST RATIONALE:
• Relevant Plans/Policies:
Redmond Comprehensive Plan: This strategic plan will advance the Economic Vitality policies set through the Redmond Comprehensive Plan.
• Required:
N/A
• Council Request:
N/A
• Other Key Facts:
N/A
OUTCOMES:
The Economic Development Strategic Plan process draws on previous studies and reports, current quantitative and qualitative data, and best practices to develop an aligned and organized suite of strategies and actions that will guide the City of Redmond’s economic development program implementation over the next five years to result in a stronger economy.
COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:
• Timeline (previous or planned):
The Economic Development Strategic Plan was launched in August 2023 and conducted research, data analysis, and stakeholder engagement. Draft strategies were presented to Council in Q1 with final adoption anticipated in Q3 2024.
• Outreach Methods and Results:
In addition to incorporating feedback from recent studies and engagement efforts, this planning effort included stakeholder interviews, focus groups, and a questionnaire available in five languages. A “Let’s Engage” webpage is currently active and inviting feedback on the draft strategies.
• Feedback Summary:
Attached
BUDGET IMPACT:
Total Cost:
Staff working on the Economic Development Strategic Plan are funded through the adopted budget.
Approved in current biennial budget: ☒ Yes ☐ No ☐ N/A
Budget Offer Number:
0000040 Community/Economic Development
Budget Priority:
Vibrant and Connected
Other budget impacts or additional costs: ☐ Yes ☒ No ☐ N/A
If yes, explain:
N/A
Funding source(s):
American Rescue Plan Act (ARPA): $60,000
General Fund: $20,850
Budget/Funding Constraints:
N/A
☐ Additional budget details attached
COUNCIL REVIEW:
Previous Contact(s)
|
Date |
Meeting |
Requested Action |
|
7/18/2023 |
Business Meeting |
Approve |
|
11/6/2023 |
Committee of the Whole - Planning and Public Works |
Provide Direction |
|
11/28/2023 |
Study Session |
Provide Direction |
|
3/5/2024 |
Committee of the Whole - Planning and Public Works |
Provide Direction |
|
3/26/2024 |
Committee of the Whole - Planning and Public Works |
Provide Direction |
Proposed Upcoming Contact(s)
|
Date |
Meeting |
Requested Action |
|
7/16/2024 |
Business Meeting |
Approve |
Time Constraints:
Approval of the plan will provide direction for program implementation.
ANTICIPATED RESULT IF NOT APPROVED:
There will be less direction for program implementation.
ATTACHMENTS:
Attachment A: Economic Development Plan for Adoption
Attachment B: Economic Development Plan Appendices
Attachment C: Council Questions and Inclusion Tracking