Commerce / Vibrant Economy
Goal: Maintain a strong and diverse economy, and provide a business climate that retains and attracts locally owned companies as well as internationally recognized corporations.

Community priority: I want a diverse and vibrant range of businesses and services in Redmond.
Condition:
GreenCircle
Trend:
UpArrow


Businesses Licenses
. There are 5,957 businesses licensed to operate in Redmond—a new high for the thirteenth consecutive year. This includes 1,016 newly licensed businesses and 1,472 which have held a Redmond business license for at least seven years.

Population and Employment. Redmond's population grew to 59,180 in 2015; employment rose to 84,547 in Redmond in 2014 (latest available). Employment has increased every year since 2010 except for 2012.

Income and Poverty. Redmond median household income increased slightly to $99,704 (inflation adjusted) in the 2010-2014 survey period. Child poverty decreased to 5.12 percent in the Lake Washington School District (2014), the lowest since 2009.

Condition: GreenCircle = good, YellowCircle = fair, RedCircle = poor. Trend: UpArrow= improving, RightArrow =maintaining, DownArrow = worsening.

Observed Objective Condition 6-year Trend*
Income and Poverty    
Redmond median household income (inflation-adjusted) $99,704
(2014)
N/A GreenCircle RightArrow
Sales and property tax receipts (millions, inflation-adjusted)  $39.1
(2015)
N/A GreenCircle UpArrow
Lake Washington School District child  poverty rate 5.1%
(2014)
N/A GreenCircle RightArrow
Licensed businesses        
Number of licensed businesses 5,957
(2015)
N/A GreenCircle UpArrow
Number of Redmond businesses with license for seven or more years 1,472
(2015)
N/A GreenCircle UpArrow
New businesses licensed 1,016
(2015)
N/A GreenCircle UpArrow
Population and employment        
Population  59,180
(2015)
78,000
(2030)
GreenCircle UpArrow
Employment 84,547
(2014)
119,000
(2030)
YellowCircle UpArrow
Share of Regional Employment (percentage of jobs in the four-county region - King, Pierce, Snohomish, and Kitsap - located in Redmond 4.61%
(2014)
3.83%
(2030)
GreenCircle RightArrow
Satisfaction with type and variety of restaurants, shops, and services (percent responding very or somewhat satisfied) 86%
(2016)
N/A GreenCircle UpArrow
* Where six years of data are available.



Contact:
Jeff Churchill
425-556-2492

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Implementation Actions (PDF)

2015, 2016

2006-2013 Annual Reports (PDF)

2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013

Annual Summary Pamphlets (PDF)

2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014