The Edmonds City Council frequently has issues before it related to economic development, including Westgate, the BID (Business Improvement District), Highway 99 and the EDC (Economic Development Commission).
I wanted to share what I believe is the most recently adopted definition of Economic Development, from the Edmonds City Council minutes of 9/24/2002:
The undertaking of very specific and targeted efforts to identify tax revenue generating businesses that would be in keeping with the character of Edmonds, to actively market the benefits of locating their businesses in Edmonds and to assist prospect companies in locating their businesses here.
The objects are:
1. To increase the business tax base in order to reduce the reliance on property taxes;
2. Improve the business climate for existing businesses; and
3. To ensure a broad base of retail establishments and other businesses readily available to the citizens of Edmonds and the region.
4. Create and maintain a stable base of living wage jobs in the community.
Edmonds City Council