Redmond Economic Development is a private, non-profit corporation established in 1987 as a partnership between private business and the public sector to encourage economic development in the city of Redmond, Oregon. Redmond Economic Development's Mission is to create prosperity through community and business development. The Action Plan to accomplish this is to increase the quality and number of jobs as well as capital investment in the community.

Organization

Redmond Economic Development Corporation is governed by a Board of Directors with representation from both the private sector and public sector. The Executive Committee is made up of members from the board. Board meetings are held at least monthly.

Activities

Redmond Economic Development is an advocate for Redmond's industrial companies and assists them by providing information about Redmond as an area for business relocation or expansion. The results of Redmond Economic Development's efforts are healthy and successful local industrial companies. This translates into jobs for Redmond citizens, a broadening of the City's tax base, and a provision of vitality, prosperity, and diversity essential for a healthy local economy.

Among the confidential services provided by Redmond Economic Development are:

• Reference data and information on the Redmond area
• Assistance, information and referrals to facilitate employee recruitment and training
• Identification of appropriate and suitable commercial or industrial property
• Access to local, state and federal financial assistance programs
• Introductions to local government officials, civic leaders and the business community
• Assistance in understanding City procedural and permit requirements and in facilitating the process
• Involvement of the Redmond Economic Development Board of Directors and area business and government leaders in retention and recruitment opportunities

Funding

Redmond Economic Development Corporation is funded jointly by the public and private sectors. Local businesses, individuals, and the City of Redmond make one to five year pledges of financial contributions to the general fund of the organization. These operating funds support an annually updated five year strategic action plan that sets the long term vision and parameters for the day-to-day operation.