Relocate / Expand - OneRedmond

Relocate / Expand

Grow, Innovate and Thrive

Our companies are the global technology leaders that are changing the worlds in which we live including software, aerospace, interactive media and electronics. From Microsoft, Nintendo, and Aerojet to Physio-Control and Alstom Grid, our firms are developing the next technologies to advance the global economy from cloud computing and smart grid to manned missions to Mars. These firms have proved the region can recruit and retain the technologically skilled talent pool for those companies interested in making Redmond home.

Could accessing the uniquely rich talent ecosystem available only in the Redmond-Seattle area take your company to the next level?

Evaluate our community using the charts and graphs below showing the quality local higher education resources, vibrant local business ecosystem, commercial real estate prices, lucrative tax incentives available for business, as well as information on transportation, business licensing and permitting, and more.

If you have questions or simply want more detail on Redmond or Redmond’s business community, schedule a free consultation.

Education Resources

Puget Sound’s hi-tech economy is powered by talent. The area’s excellent higher education system serves as a “force multiplier” for this deep talent pool. Leading the way for the region is The University of Washington’s highly rated undergraduate and graduate programs in computer science. The region is also served by 24 four year institutions generating over 14,000 undergraduate and 8,000 graduates with science and business degrees.

The highly regarded Digipen Institute of Technology, located in Redmond, specializes in programs for students interested in careers in the rapidly growing video game industry.

 

The area’s two year institutions also play a key role in growing the Seattle-Redmond area’s deep talent pool.

Cascadia College is the newest addition to Washington’s Community College System and shares a campus with the University of Washington Bothell.   Cascadia has the highest number of faculty with PhDs of two year colleges in the state.

Lake Washington Institute of Technology offers highly regarded certificate and degree programs in information technology, computer animation, medical technology, and engineering.

Map of Leading Businesses

Microsoft is the region’s largest employer and their presence supports a robust economy. In addition, there are numerous other leading global companies and innovative small and medium size businesses that lend to a vibrant and stable economy.

LeadingBusLeading Businesses

Full-time Equivalent of Employees, Per Sector

List Of Leading Companies Sector FTE
Microsoft Corporation Software/Computer/Mfg 31,811
AT&T Mobility Cellular Communications Admin Office 1,238
Genie Industries Equipment-Lift (Mfg/Sale) 1,191
Nintendo of America Inc. Consumer Electronics 1,200
Honeywell International Inc. Aerospace Manufacturing 727
United Parcel Service Package Delivery 600
Physio-Control Inc Mfg Of Defribrillators 559
Aerojet Manufacturer Of Small Rocket Engines 445
Univar USA Inc Administrative Office-Chemical Distributor 380
expand chart
Alstom Grid Inc Software Development & Engineering 500
Crane Electronics Inc Electronics Manufacturing 244
Wyndham Vacation Resorts, Inc Phone Room, Timeshare 198
Infosys Limited Custom Computer Programming 197
Wyndham Resort Development Corp Timeshare Vacation Admin Office 196
Zetron, Inc. Radio/Telecommunications Mfg 187
Puget Sound Energy Electric & Gas Utility 186
Meyers, B E & Co. Manufacturer Night Vision, Surveillance And Lasers For Law Enforcement 179
Wipro Limited IT Consulting 174
M S N B C Interactive News, LLC Interactive News 170
Comcast Of Washington, Inc Cable & Internet Provider 161
Vmc Consulting Corporation Providing Professional Services 159
Nokia Siemens Networks Us LLC Technology 152
Securitas Security Services USA, Inc Security Services 143
I D D Aerospace Corp. Aircraft Illuminated Displays 141
Golder Associates Inc Engineers/Geotechnical Consulting 140
GE Commercial Finance Business Property Corp Commercial Finance 139
Filter, LLC Digital Media Temp & Permanent Staffing 138
Universal Avionics Systems Developer/Avionics Systems 131
Digipen (USA) Corporation College 127
Aditi Technologies Pvt. Ltd Computer Programming 125
King & Prince Seafood Corporation Seafood Processing 119
Playnetwork Provide Music Service To Business 115
Bio-Rad Laboratories Diagnostic Test Kits/Mfg 113
Cascade Engineering Services Inc Research, Development & Testing 106
HCL America Inc Office For It Consulting Services 105
3md Inc Wholesale Computer Sales/Service & Consulting 104
Marriott Redmond Town Center Hotel/Motel, Restaurant 103
Sprint United Management Company Provide Professional Management & Accounting Services Within Sprint 101
MAG Software Consulting 100
Pacific Bioscience Laboratories Inc Manufacturing Of Sonic Skin Care Brushes 100

Commercial Real Estate Search

Commercial Real Estate in Redmond is reasonably priced compared to other technology regions. Please use our MLS search tool to find office space that meets your needs. If you don’t find office space, please contact us, as we maintain a private database of options not listed in MLS.

Commercial Real Estate Cost

Per Square Feet Per Year Q3, 2014

Property Search


Property Type:
Sale:
Lease:

License and Permits

Registering your business in Washington and Redmond is straightforward and can be accomplished through simple web portals. The Washington Department of Revenue provides industry specific guides and other information on business licensing and registration. Businesses must obtain a City of Redmond Business License to operate
in the City.

Taxes and Incentives

Washington’s tax system is simple and uniquely friendly to high skill, high wage workers as well as the industries who depend on them. As one of 7 states that do levy income tax, earners take home a larger share of their pay than workers in those states that do, an advantage for Washington companies when recruiting highly compensated employees.

Business Taxes

Rather than collecting corporate income or franchise tax, Washington businesses pay “Business & Operations Tax” or B&O, a gross receipts tax based on flat rates by business classification. See the chart to the left for classification and rates.

B&O Classification Rate
Retailing .00471
Wholesaling .00484
Manufacturing .00484
Service & Other Activities .015

Property Tax

All real and personal property is subject to taxation unless specifically exempted. The 2014 levy rate for downtown Redmond commercial property is $10.90 / thousand dollars of assessed valuation. Intangible assets such stocks, bonds, and bank accounts, are exempt from state taxes.

Sales Tax

Sales tax makes up the lion’s share of general fund revenues for the State of Washington. Statewide, the rate is 6.5%. Local jurisdictions typically levy up to 3% in addition to the statewide rate, for an average of between 8%-9% statewide. Most food items are exempt from sales tax.

Washington State Tax Incentives

To increase the competitiveness of Washington as a location for advanced technology and innovation based enterprises, the state has adopted incentives that can significantly reduce a firm’s operating costs. The following is a brief list of incentives available for technology firms:

High Technology Industry

  • High Technology B&O Credit for R&D Spending (Expired January 1, 2015)
  • High Technology Sales & Use Tax Deferral/Waiver (Expired January 1, 2015)
  • Biotechnology & Medical Device Manufacturing Sales & Use Tax Deferral/Waiver

Aerospace Industry

  • Reduced B&O Tax Rate for Aerospace Businesses
  • B&O Credit for Preproduction Development Expenditures
  • B&O Credit for Property/Leasehold Taxes paid on Aerospace Business Facilities
  • Sales & Use Tax Exemption for Aerospace Businesses for Computer Hardware/Software/Peripherals
  • Retail Sales and Use Tax Exemption for the Construction of New Facilities Used to Manufacture Commercial Airplanes, Fuselages or Wings of Commercial Airplanes

Semiconductor Industry

  • Reduced B&O Tax Rate for Manufacturers of Semiconductor Materials
  • Sales/Use Tax Exemption for Purchases of Semiconductor Gases & Chemicals

Transportation

Redmond is nestled between the foothills of the Cascades and the northeast shore of Lake Sammamish, 11 miles east of downtown Seattle. State Highway 520 bisects the city and is the primary link to Interstates 5, which links the Puget Sound Region to the entire West Coast. State Highway 520 also links to Interstate 405 which links to I- 90, America’s northernmost east-west Interstate which has its terminus in Seattle.

BikeGuy

Public Transit:

There is a fully integrated public transit system combining bus, heavy and light rail and ferry transportation. King County Metro and Sound Transit manage bus systems that serve Redmond and the region. Redmond specifically is served by 18 different transit routes. Sound Transit will extend its LINK light rail system to Overlake in Redmond in 2023 and to City Center Redmond in 2030.

Average Commute Times

Destinations Distance 8 AM Commute Time 5 PM Commute Time
Redmond to Bellevue 7.61 miles 11 minutes 35 minutes
Redmond to Seattle 14.6 miles 20 minutes 41 minutes
Bellevue to Redmond 7.61 miles 8 minutes 12 minutes
Seattle to Redmond 14.6 miles 17 minutes 25 minutes

Getting Here and Away

By Bicycle

Redmond has an extensive network of on-street bike lanes and off-street trails for easy access to downtown, neighborhoods, businesses, parks, and even to other cities including Bellevue and Seattle. It is one of a small, but growing number of cities designated as a Bicycle Friendly Community by the League of American Bicyclists.

By Air:

The Puget Sound Region is served by Sea-Tac International Airport, located 25 miles from Redmond with easy access via I-405. More than 95,000 passengers travel through Seattle-Tacoma International Airport each day.Carriers offers daily non-stop service to 71 domestic and 19 international destinations. Sea-Tac is accessible via transit from Redmond and by light rail from downtown Seattle.

Destination Mileage
Portland 183
San Francisco 817
Los Angeles 1,145
Vancouver, B.C. 140
Tijuana, Mexico 1,285
Spokane, WA 281
Bozeman, MT 679
Chicago 2,065

 

By Rail:

Rail passengers can access Amtrak at Seattle’s King Street Station for service to Chicago to the east as well Los Angeles and Vancouver B.C. to the south and north. Sounder heavy rail commuter service connects Everett to the north, Seattle and Tacoma to the south.

Freight Mobility

Redmond and the Puget Sound is located at the nexus of Interstates 5/ 405, servicing the west coast of North America.

Port Facilities

The Port of Seattle is the premier port facility in the region and includes a Foreign Trade Zone. The Port’s 1,543 acre marine terminal on Elliott Bay offer 8,0000 ft. of dockside moorage to 17 ocean carriers with direct service to Asia, Europe, Latin America, as well as domestic markets including Alaska, Europe, and Hawaii. Additionally, Sea Tac Airport offers air cargo shippers direct access to 11 international destinations via main deck or wide body carrier service. Truck and railroad facilities are easily accessible from both the marine port and the airport. The Green River Valley in Southeast King County hosts one of the largest warehouse districts on the west coast.