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Home » Economic » Economic Development

Economic Development Element

Source: search.ci.bothell.wa.us
Topic: Economic Development

Sort Desciption: purpose of the Economic Development Element is to provide guidelines for maintaining ... economic development element. However the amendment also included ...

Content Inside: Imagine Bothell Comprehensive Plan ED-1 2004 Plan Update Economic Development Element Economic Development Element Background and Analysis Purpose and Relationship to GMA Economic Development is vital to preserving the level of service the citizens of Bothell enjoy. The purpose of the Economic Development Element is to provide guidelines for maintaining enhancing and creating economic activity in appropriate locations within the Planning Area so as to guarantee the long-term fiscal stability of the city provide a variety of employment opportunities and ensure adequate selection and availability of goods and services for all Bothell residents. The Growth Management Act contains the following goal promoting economic development: "Economic Development. Encourage economic development throughout the state that is consistent with adopted comprehensive plans promote economic opportunity for all citizens of this state especially for unemployed and for disadvantaged persons promote the retention and expansion of existing businesses and recruitment of new businesses recognize regional differences impacting economic development opportunities and encourage growth in areas experiencing insufficient economic growth all within the capacities of the state's natural resources public services and public facilities." Moreover the Act requires countywide planning policies to address economic development and employment. Accordingly the King and Snohomish County countywide planning policies contain policies addressing this topic (see Appendix A). In 2002 the Growth Management Act was amended to require jurisdictions to include an economic development element in their comprehensive plans. The amendment prescribed the components of an economic development element. However the amendment also included language rendering this requirement null and void until funds sufficient to cover applicable local government costs are appropriated and distributed by the state at least tw ...

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