TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
|
Planning and Community Development |
Seraphie Allen |
425-556-2450 |
DEPARTMENT STAFF:
|
Planning and Community Development |
Philly Marsh |
Interim Deputy Director |
|
Planning and Community Development |
Kim Dietz |
Interim Economic Development Manager |
TITLE:
title
Economic Development Division Annual Progress Report
OVERVIEW STATEMENT:
recommendation
This staff presentation will provide a summary of accomplishments achieved in the second year of implementing the Economic Development Strategic Plan. Redmond’s first Economic Development Strategic Plan provided the roadmap necessary for Redmond to be competitive in economic strength and diversity. Included within the plan are strategies and actions organized in six focus areas:
1. Business Retention and Expansion
2. Equitable Small Business and Entrepreneurship Support
3. Cluster Diversification and Expansion
4. Business Attraction and Recruitment
5. Workforce Development
6. District Development and Placemaking
Within the first two years of adopting the five-year Economic Development Strategic Plan over 75% of actions are completed or are in progress. Highlights for the second year are included in this report.
body
☒ Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
☒ Receive Information ☐ Provide Direction ☐ Approve
REQUEST RATIONALE:
• Relevant Plans/Policies:
o Redmond 2050 Comprehensive Plan Economic Vitality Chapter
o 2024 Economic Development Strategic Plan
• Required:
o N/A
• Council Request:
o With the adoption of the Economic Development Strategic Plan, Council requested updates on program development and progress.
• Other Key Facts:
o N/A
OUTCOMES:
With the implementation of the strategies and development of applicable programs related to economic development, the City of Redmond will advance the City’s vision of a connected community that enhances livability, sustains the environment, and leads locally, regionally, and nationally.
COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:
• Timeline (previous or planned):
The Economic Development Strategic Plan conducted extensive stakeholder outreach and involvement in the development of the strategies adopted.
• Outreach Methods and Results:
Quantitative and qualitative methods including questionnaires, interviews and focus groups.
• Feedback Summary:
Feedback was incorporated into the formation of the adopted strategies.
BUDGET IMPACT:
Total Cost:
N/A
Approved in current biennial budget: ☐ Yes ☐ No ☒ N/A
Budget Offer Number:
Community and Economic Development: 0000304
Budget Priority:
Vibrant and Connected
Other budget impacts or additional costs: ☐ Yes ☒ No ☐ N/A
If yes, explain:
None
Funding source(s):
General Fund
Budget/Funding Constraints:
N/A
☐ Additional budget details attached
COUNCIL REVIEW:
Previous Contact(s)
|
Date |
Meeting |
Requested Action |
|
N/A |
Item has not been presented to Council |
N/A |
Proposed Upcoming Contact(s)
|
Date |
Meeting |
Requested Action |
|
N/A |
None proposed at this time |
N/A |
Time Constraints:
N/A
ANTICIPATED RESULT IF NOT APPROVED:
N/A
ATTACHMENTS:
Attachment A: Economic Development Strategic Plan
Attachment B: Year 2 Economic Development Year Two Strategic Plan Implementation Report
Attachment C: Presentation