2025/06/18 Council Agenda Packet

EVERETT 2044 COMPREHENSIVE PLAN 6/17/2025 COMPREHENSIVE PLAN ECONOMIC DEVELOPMENT ELEMENT Page 61 Economic Development Element Vision: A thriving, connected, and sustainable community that lifts Everett residents and businesses. Element Scope: The Economic Development element outlines how the city supports new and existing businesses and provides access to employment. The Economic Development Element guides the effort to market the city, to support businesses of all sizes, and inform citizens and city leaders of all the trends and strengths of the local economy. The element also guides decision making in land use, infrastructure, capital budgeting, regional collaboration, local partnerships, and other areas that impact the success of business, employees, and related services. As one of five designated Metropolitan Cities in the Puget Sound Regional Council’s (PSRC) VISION 2050, Everett is planning to have more than 167,000 jobs by 2044. Based on 2019 data that will be an increase of 68,000 jobs. The city has more than enough physical and land use zoning capacity to accommodate this growth, based on the most recent Buildable Lands report, but to work towards this target, Everett must strategically attract and grow businesses to increase the number of jobs in the city. Not only does the city have to grow its economic base generally, it must also deliberately channel this growth into the areas of Everett best suited to accommodate this increase. In Everett the two primary employment centers of Metro Everett and the Southwest Everett Manufacturing Industrial Center are slated to increase employment to 25,000 and 39,000 jobs respectively. The map below shows the city’s, including commercial areas, manufacturing and industrial areas and major campus institutions. While the city intends to channel growth into these areas, they are not exclusively where employment can occur.