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IIEVERETT COMPREHENSIVE PLAN
<br /> ECONOMIC DEVELOPMENT ELEMENT
<br /> 1110 services, and tourism. These sectors can
<br /> To a great extent, the Goals, Objectives and expect to experience further growth.
<br /> I Policies are based on earlier planning and
<br /> economic development decisions made by the Everett has several advantages upon which it
<br /> City of Everett: "City of Everett Economic can capitalize to promote further growth,
<br /> I Development Priorities"8 adopted in 1984, such as an excellent water supply and
<br /> and "Everett 2000 Vision, Goals and transportation system, and a large inventory
<br /> Actions," adopted in 1991. The Preferred of industrial land area to provide space for
<br /> I
<br /> Alternative reaffirms the city's commitment to new industry.
<br /> a diversified economy that builds on the
<br /> considerable strengths of Everett's land and The city's role in promoting economic
<br /> Iinfrastructure base. diversity is to ensure that land use policies,
<br /> infrastructure and regulations help the private
<br /> VI. Economic Development Issues. The sector to realize that it is a good business
<br /> Ifollowing section describes several issues decision to expand or locate their businesses
<br /> related to future economic growth in Everett. in Everett.
<br /> IA. Economic Diversity. Boeing is the B. Community Image. A positive image
<br /> leading industrial firm for Everett, the serves as a strong Economic Development
<br /> I County, the Region and the State. Even and marketing tool. To those outside the
<br /> though the region's economic health is Puget Sound region, Everett is sometimes
<br /> supported by Boeing, dependence on one obscured by the image of Seattle. Within the
<br /> 1. industry can leave the region vulnerable' to region, Everett's image has been as a smoke-
<br /> changes in that industry. If Boeing has cut- stack city. However, upon a closer look at
<br /> backs in orders, Everett needs to be able to Everett today, one sees:
<br /> I rely on other industries to sustain the
<br /> economic health of the area. Thus, Everett's • a city with good views,
<br /> goal should be to identify ways it can help the • attractive neighborhoods,
<br /> I local economy become more diverse. • a good industrial base (dominated by an
<br /> aircraft manufacturing firm: Boeing),
<br /> In its early years, Everett depended exten- • health care facilities, hospitals and numer-
<br /> Isively on forest products to support the ous clinics,
<br /> economy. When founded, "the city was • education facilities at Everett Community
<br /> planned to offer a diverse economic base that, College as well as at the Applied Techno-
<br /> ' in the beginning, included a paper mill, an logy Center,
<br /> iron works, a ship building yard, a cannery, a • an active deep-water port with barge
<br /> I brewery, a shoe factory and a smelter to channel,
<br /> refine ore. 9 The forest product industry has • a sizable, protected marina with all
<br /> declined. Fortunately, in addition to Boeing, services for pleasure boaters,
<br /> I other sectors of the economy have grown, • railroad, an interstate highway, transit
<br /> such as manufacture of industrial equipment services, airport; and
<br /> and electronic instruments, retail, health • a reviving downtown with an updated and
<br /> 111. expanded library, new community theater,
<br /> rehabilitated as well as new multi-story
<br /> 8 Everett Community Profile, 1992 buildings containing office, retail, and
<br /> I9 Everett Community Profile, 1992 residential uses.
<br /> ED-7
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