TO: Members of the City Council
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 |
TITLE:
title
Economic Development Strategic Plan Data Analysis Findings and Strategic Themes
OVERVIEW STATEMENT:
recommendation
This presentation will introduce the Economic Development Strategic Plan process, key data findings and strategic themes to inform continued stakeholder engagement, and strategy development of the guiding document for the City’s Economic Development Program.
body
☐ Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
☐ Receive Information ☒ Provide Direction ☐ Approve
REQUEST RATIONALE:
• Relevant Plans/Policies:
Redmond Comprehensive Plan: This 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.
COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:
• Timeline (previous or planned):
The Economic Development Strategic Plan kicked off in August and is currently in the Data Analysis and Community Stakeholder Engagement Phase. A final strategic plan is anticipated in April 2024.
• Outreach Methods and Results:
A questionnaire available in five languages is currently active. Focus groups are currently scheduled for December. Information about the project and how to get involved can be found at Economic Development Strategic Plan | Redmond, WA <https://www.redmond.gov/2059/Economic-Development-Strategic-Plan>
• Feedback Summary:
N/A
BUDGET IMPACT:
Total Cost:
The consultant contract was approved by Council on July 18, 2023, for $80,850. Staff working on this 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 |
Proposed Upcoming Contact(s)
|
Date |
Meeting |
Requested Action |
|
3/26/2024 |
Study Session |
Provide Direction |
Time Constraints:
Approval of plan will provide direction for program implementation
ANTICIPATED RESULT IF NOT APPROVED:
N/A
ATTACHMENTS:
Attachment A: Economic Development Strategic Plan Council Presentation