1. Duvall Comprehensive Plan Update Economic Development Element 12-17-14 1

2. PROCESS Draft Goals and Policies With Advisory Committee Technical Analysis to Update Previous Studies Focus on Practical Strategies 2

3. 2015 SCHEDULE Commission Briefings Public Meetings Environmental Review Hearings State Review Adoption 3

4. W HY IS ECONOMIC DEVELOPMENT IMPORTANT ? Primary: Improved tax base. Increased jobs and personal income. Availability of goods and services for local residents. Secondary: Improved productivity of resources. Diversification of local economy. Business retention. Self sufficiency. 4

5. W HAT IS C ITY ’ S POPULATION BASE AND NATURAL TRADE AREA ? City is distant from population center and major transportation routes. 5

6. R ELATIVE P OPULATION G ROWTH City has grown rapidly at 3.4% per year average rate. 6

7. P ROJECTED P OPULATION G ROWTH Growth is projected by PSRC at 1.3% per year from 2010 to 2035. 7

8. C ITY E MPLOYMENT B ASE City has total employment in 2013 of 1,300 with concentration in service sector. 8

9. C ITY C OMPETITIVE P OSITION Strengths Desirable residential community. Strong population growth. Good demographics. Attractive physical setting. Strong local-serving retail developments. Capacity for residential and commercial growth. Weaknesses Isolated from population centers and major regional transportation routes. Shortage of high-paying professional jobs. Shortage of affordable workforce housing. Lack of regional health and cultural facilities. Lack of high profile tourist destination. Lack of visitor-supporting facilities, especially lodging. 9

10. C ITY C OMPETITIVE P OSITION Opportunities Commercial support needed for residential growth. Commercial and residential can co-locate in mixed use developments in attractive pedestrian-oriented settings. Information-based primary employment can locate in somewhat remote sites. Rural towns are popular destinations for visitors from urban areas. Threats Other communities compete for same employers and visitors. Commuters face increasing challenges to travel within the region given congestion and cost of travel. Increasingly scarce funding challenges necessary infrastructure investments 10

11. GOALS Facilitate Business Retention and Creation Promote Regional Cooperation and Local Partnerships Increase Potential for Mixed Use and Light Industrial Uses Sustain Old Town Provide Education and Training Maintain the Quality of Life Promote Duvall as Tourism Destination Coordinate Administration Communications and Implementation 11