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 No apparent overall positive or negative trend.

Businesses Licenses. There are 5,684 businesses licensed to operate in Redmond – a new high for the eleventh consecutive year. Of those, 891 are newly licensed businesses while 1,460 have held a Redmond business license for at least seven years.

Population and Employment. Redmond's population grew to 55,840 in 2012; there were 77,615 jobs in Redmond in 2012 (latest available).

Income and Poverty. Redmond median household income increased slightly to $96,644 (inflation adjusted). Child poverty increased slightly to 6.2 percent in the Lake Washington School District (2012) from 6.1% in 2011.

Baseline Observed Objective Trend*
Income and Poverty
Redmond median household income (inflation-adjusted) $92,541
(2006)
$96,644
(2011)
N/A left-right arrow
Sales and property tax receipts (millions, inflation-adjusted)  $33.4
(2001)
 $36.9
(2013)
N/A left-right arrow
Lake Washington School District child  poverty rate  5.5%
(1995)
6.2%
(2012)
N/A left-right arrow
Licensed businesses      
Number of licensed businesses 4,145 (1997) 5,684
(2013)
            N/A left-right arrow
Number of Redmond businesses with license for seven or more years 1,384
(2009)
1,460
(2013)
  N/A left-right arrow
New businesses licensed 976
(1997)
891
(2013)
N/A left-right arrow
Population and employment        
Population  35,800
(1990)
 55,840
(2013)
78,000
(2030)
left-right arrow
Employment  76,876
(2010)
 77,615
(2012)
 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)
4.47%
(2012)
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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