Vibrant Economy Measures

Vibrant Economy iconVibrant Economy



"I want a diverse and vibrant range of businesses and services in Redmond."
results: 8% exceeds target

Business Longevity

Description: Measures the number of businesses in Redmond that have been in business 7 years or more.

Results: (updated August 2017) 8% increase in business longevity since 2009 

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Importance: Measures Redmond’s ability to attract and retain a vibrant business community; a diversity of established businesses creates local choices and opportunities



Target: Yearly increase in businesses that have been active for seven years or more.

Image shows tracked results on chart


Performance measure mapping: this measure has previously been reported in Community Indicators, and within Budgeting by Priorities documentation. 

 

results 86% near target

Quality of Life

Description: Surveyed response to satisfaction with the type and variety of employers, restaurants, retail shops, and services in Redmond

Results 2017: (updated August 2017) 86% either “satisfied” or “somewhat satisfied”

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Importance: Convenient access to a variety of services and business amenities plays an integral role in maintaining a vibrant and diverse business community.



Target: 90% of respondents either “satisfied” or “somewhat satisfied”.

Image shows tracked results on a chart

Performance measure mapping: this measure has previously been reported in Community Indicators, and within Budgeting by Priorities documentation.