Ordinance 2021-94 - Laserfiche WebLink

EVERETT COMPREHENSIVE PLAN I ECONOMIC DEVELOPMENT ELEMENT About two-thirds of Everett's revenues come Everett and its neighbors will be substantially el from a combination of sales tax, business and influenced by the planning decisions made by occupation (B&O) tax, and property tax.2 the city, Snohomish County, and other local I The land use pattern for the various land jurisdictions in conjunction with the private uses--single-family, multi-family, commercial, sector. This will, in turn, in-fluence the and industrial--affect the tax revenues growth potential of the Puget Sound region in received by the City. Typically, non- the global and Pacific Rim economy. residential uses generate more tax revenue than do residential uses. The costs to the III. Historical Framework for the Econo- ' City for serving these uses differ, but mic Development Element generally residential uses need more services Economic development planning isn't new to than non-residential. Everett. In 1984, the City Council adopted I II. economic development priorities which The Economic Development Element included proposed actions in five areas: of the Comprehensive Plan • Industrial Development and Trade; The City of Everett has chosen to include an • Tourism and Cultural Development; Economic Development Element in the • Redevelopment; I Comprehensive Plan. The purpose of the • Waterfront Development; and Economic Development Element is to ensure • Diversification4 that Everett's long range planning policies reflect the community's desire and need for a In 1983, A Central Business District (CBD) healthy local economy. Everett's policies Data Base and Market Study5 was prepared, should be generally compatible with the1111 and in 1987, a Development Plan for Everett's adopted Economic Development Policies of Central City was adopted.6 As part of the the Snohomish County-Wide Planning development of the Comprehensive Plan, Policies, which recognize that "...co- Everett hired Apogee Research, Inc. to pre- I ordination of economic development planning pare a background report for the Economic with the other required elements of Development Element of the plan. comprehensive plans is vital to attracting new I business, promoting economic diversity, and IV. City of Everett's Role in Economic encouraging existing business expansion.3 Development The city's economic developmentpriorities I �' p Everett, like other cities and counties, plays a will influence the policies of other elements of significant, though limited, role in shaping I the comprehensive plan. Everett must how the local economy performs. Regional, coordinate and integrate economic develop- ment plan-ning with the Land Use, I Transportation, Housing, and Capital 4"City of Everett Economic Development Priorities." Facilities Elements of the Comprehensive Adopted by City Council Resolution,February 29, Plan. The future economic fortunes of 1984. 5 Everett CBD Data Base and Market Study." I Thoresen-Peterson Planning Group, April 1983. 2 Summary: City of Everett 1993 Preliminary 6"A Development Plan for Everett's Central City." Operating Budget. ill Thoresen-Peterson Planning Group and Makers: 3 Countywide Planning Policies for Snohomish County. Architecture and Urban Design. Adopted July 29, February 4, 1993. 1987. i ED-2 I