The project consists of five phases which are described below.
Project Phase
Description
Contextual Analysis and Stakeholder Engagement
AngelouEconomics will review existing reports, studies, and contracts as well as facilitate a comprehensive community input process consisting of surveys, interviews, focus groups, and a visioning workshop.
Economic Scan and SWOT Analysis
The project team will complete an assessment of demographic, economic, and workforce/education as well as available sites and the role of tourism. AE will evaluate Redmond's strengths, weaknesses, opportunities and threats.
Target Industry Identification
The team will assess the needs of current and emerging industries, complete a Location Criteria Scorecard for each, and compare potential industries with vision and values of Redmond.
Arts Center Feasibility and Economic Analysis
AE will examine the market demand for a new arts center and conduct an economic impact model to determine direct and indirect job growth, spending patterns, and effects on area wages, retail sales and state and local taxes.
Recommendations and Implementation Plan
In collaboration with Redmond stakeholders, AE will identify strategic short and long term strategies that, when effectively implemented, will result in long term quality job growth.