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.
left-right arrow Overall positive trend.

Businesses Licenses. There are 5,908 businesses licensed to operate in Redmond—a new high for the eleventh consecutive year. Of those, 935 are newly licensed businesses while 1,465 have held a Redmond business license for at least seven years.

Population and Employment. Redmond's population grew to 57,700 in 2014; employment rose to 81,867 in Redmond in 2013 (latest available).

Income and Poverty. Redmond median household income increased slightly to $98,958 (inflation adjusted). Child poverty stood at 6.19 percent in the Lake Washington School District (2013), roughly the same as the 2012 figure of 6.17 percent.

Baseline Observed Objective Trend*
Income and Poverty
Redmond median household income (inflation-adjusted) $94,042
(2006)
$98,958
(2012)
N/A left-right arrow
Sales and property tax receipts (millions, inflation-adjusted)  $33.9
(2001)
 $37.1
(2014)
N/A left-right arrow
Lake Washington School District child  poverty rate  5.5%
(1995)
6.2%
(2013)
N/A left-right arrow
Licensed businesses      
Number of licensed businesses 4,145 (1997) 5,908
(2014)
            N/A left-right arrow
Number of Redmond businesses with license for seven or more years 1,384
(2009)
1,465
(2014)
  N/A left-right arrow
New businesses licensed 976
(1997)
935
(2014)
N/A left-right arrow
Population and employment        
Population  35,800
(1990)
 57,700
(2014)
78,000
(2030)
left-right arrow
Employment  76,876
(2010)
 81,867
(2013)
 119,000
(2030)
left-right arrow
Share of Regional Employment (percentage of jobs in the four-county region - King, Pierce, Snohomish, and Kitsap - located in Redmond 4.59%
(2010)
4.56%
(2013)
3.83%
(2030)
left-right arrow
Satisfaction with type and variety of restaurants, shops, and services (percent responding very or somewhat satisfied) 81%
(2013)
81%
(2013)
N/A N/A
* Trend over three most recent data points.



Contact:
Jeff Churchill
425-556-2492

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