Title
Briefing on Olympia's Economic Landscape
Report
Issue:
Briefing and discussion about issues related to economic development in Olympia.
Staff Contact:
Amy Buckler, Associate Planner, abuckler@ci.olympia.wa.us, 360.570.5847
Presenter(s):
Michael Cade, Executive Director, Thurston Economic Development Council
Amy Buckler
Background and Analysis:
For a community, the word "economy" means the goods and services we make and use, and the wages, taxes and costs associated with them. Our economy is the key to funding the public services and amenities that contribute to a vital, livable community; at the same time a high quality of life is a major factor in attracting and maintaining high quality job opportunities that provide the foundation for a strong economy.
Several components contribute to a sustainable economy (see Attachment 1.) Overall the role of cities in economic development is becoming more important, as the field has shifted from a detached focus on attracting, retaining and expanding business and jobs to a more holistic focus on programs, policies and activities that improve the economic well-being and quality of life for a community.
Our Comprehensive Plan outlines the City's role in supporting a strong, stable economy, including:
* Land use authority to provide places for businesses to locate.
* Providing a fair, efficient and predictable permitting process that is also transparent and equitable.
* Develop and maintain a community infrastructure needed for healthy businesses and neighborhoods.
* Invest in traditional infrastructure (e.g., roads, sewer and water) and less traditional infrastructure (e.g., schools, parks, arts, and a healthy natural environment) to enhance quality of life.
* Collaborating with other public and private entities that have more direct roles in economic development.
The Economy chapter of the Comprehensive Plan also includes goals that address other important areas of Olympia's econom...
Click here for full text