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home.work.economic development
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5 Reasons to Grow Your Business in Redmond
- Access to Regional Workforce – Located at the geographic center of Central Oregon with a regional population of over 220,000, Redmond employers are uniquely able to draw qualified employees from Bend to the south, Prineville to the east, Sisters to the west, and Madras to the north.
- Converging Highway System – At the crossroads for State Highway 126 and US 97, a Redmond location offers business distinct advantages. Companies bringing in raw materials or shipping finished goods can make easy connections with I-5, linking California to the south and Washington to the north, and with I-84, linking Portland to the west and Boise to the east.
- Commercial Airport – Roberts Field/Redmond Municipal Airport (RDM) provides commercial air service to the Central Oregon region, with service to Denver, Los Angeles, Portland, Salt Lake City, San Francisco, and Seattle. RDM also serves air cargo and general aviation traffic, including extensive corporate and business travel.
- Favorable Business Costs – Companies doing business in Redmond will find a favorable tax environment; low utility costs; affordable industrial land and lease rates; competitive workers compensation and labor costs. Incentives that help expanding or relocating businesses are available to help offset moving and start-up costs. Learn more about Redmond’s “Open for Business” incentive programs by visiting the Redmond Economic Development website at www.rediinfo.com.
- Livability – With less than 9” of rainfall and 300 plus days of sunshine each year, Redmond is a recreational Mecca that attracts individuals, families and businesses that want a casual, active lifestyle. In addition to its favorable weather, Redmond offers affordable housing, low commute times (often less than 10 minutes to or from anywhere in the City) and an engaging, small town friendly atmosphere for business.
Quick Facts
Livability
2012 Population: 26,345 (95
Tri-county population: 202,230 (July 2012)
Elevation: 3,077 feet
8.62" annual prec.: avg temp. H 85°, L 20° Redmond Schools: 7,000 students, 12 schools, 1 charter,
6 communities
$40 million expansion of Redmond Airport terminal
from 24,000 SF to 140,000 SF, completed in 2010
177,000 SF St. Charles Medical Center Redmond Campus
$37M, 8,000 seat Expo Center; 279,000 SF event center
Recreation: boat, camp, fish, golf, hike, horseback, hunt,
22 parks on 540 acres within Redmond
28 golf courses within 50 miles
Resorts: Brasada, Eagle Crest, Pronghorn,
32 churches in Redmond
Deschutes Co. 2010 avg. wage: $35,229; $16.94/hr.
2012 (Dec) median home price $132,000.
2012 (Dec) average home price $148,086.
Property tax: $18.8565/$1k
Ind. land prices: $1.75 - $5.00/SF (City land $2.00-$3.00/SF)
No Sales Tax
Ind. building const. costs: $50 - $75/SF
Ind. warehouse leases: $.30 - $.50/SF
Ind. office space leases: $.45 - $.70/SF
Commercial office space leases: $.50 - $1.50/SF
Retail space leases: $.40 - $1.50/SF (01/2012)
Business Climate
Area labor force: 94,612 (01/2012)
Training: COCC – Mfg & Applied Tech Center and future development 30,000 SF Regional Technology Center (scheduled to open 2014)
8 motor freight companies. Daily service to Portland
Rail freight service by BNSF and UP Railroads
Redundant local-regional-national fiber optic network hub
Real Market Value of property: $1,570,978,697
Redmond Economic Development, Inc.
446 SW 7th Street
Redmond, OR 97756
Jon Stark, Manager, jon@edcoinfo.com
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Redmond's early beginnings are directly tied to the coming of the railroad. On September 21, 1911 the 'golden spike' was driven in place signaling the...
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