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IEVERETT COMPREHENSIVE PLAN <br /> ECONOMIC DEVELOPMENT ELEMENT <br /> 111 Even with Boeing dominating the private Measures of private sector economic growth <br /> sector in Snohomish County, the Puget include the number and type of jobs, business <br /> Sound Region, and the State, we have an and personal income, business investment, <br /> I <br /> increasingly diverse and growing economy. It population change, numbers of housing units. <br /> is important to encourage diversity and Other economic indicators are hard to <br /> I minimize impacts of recession. measure. Public sector indicators of growth <br /> in the economy include revenues, government <br /> Along with the improved diversity and result- spending for public services, and long term <br /> I ing growth, our road systems have become <br /> more congested, and other transportation debt capacity. The following diagram shows <br /> the public sector, private sector relationship. <br /> demands are increasing, including that of air <br /> I travel. More High Occupancy Vehicle <br /> (HOV) lanes are needed on 1-5 to reach the <br /> Everett area. Officials are considering a <br /> I regional vote on a Regional High Capacity <br /> Transit (HCT) system that would include <br /> stations in Everett near major employment <br /> I <br /> centers. <br /> These issues can affect the Everett economy <br /> Ias the City develops more intense uses in <br /> response to the Growth Management Act and <br /> 1111) as it grows in geographic area. Alternative <br /> means to accomplish and fund an improved <br /> transportation system are now under consid- <br /> eration. <br /> III <br /> While Everett's current economic outlook <br /> I appears to be healthy, there are some needs <br /> that can be addressed, in part, through <br /> implementation of the Comprehensive Plan. <br /> I These issues are described in the next section <br /> based on points made in Consultant Ben <br /> Frerichs' "Background Report of the Eco- <br /> , nomic Development Element of the Everett <br /> Comprehensive Plan, February 1993." The <br /> Goals, Objectives, and Policies section also <br /> Irelies heavily on Frerichs' Background <br /> Report. <br /> rThe Comprehensive Planning Process will <br /> help shape land use patterns. Public sector <br /> Ill actions that implement the comprehensive <br /> plan will interact with private sector <br /> development decisions to determine how well <br /> I <br /> Everett's economic capacity is utilized. <br /> ED-5 <br />