ResolutiontoApprovePFAgmtEBDA2019

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share conclusions about elements critical to business recruitment, growth and development. For example, the Washington State Department of Commerce has developed an initiative to encourage businesses to locate in this state. The "Choose Washington" project asserts the following as the top reasons businesses choose to locate in Washington: * Innovation • Industry/sector cluster specializations • Well educated workforce • Transportation network and broadband/lInternet • low cost energy • Trendsetters • Diverse climate, landscapes • Resilient in times of adversity • Vibrant, unparalleled quality of life • Global view, local action CNBC ranks Washington State first in the CNBC "'Best States for Businesses" poll, based on the following criteria: • Workforce (425 pts) • Infrastructure (400 pts) • Cost of Doing Business (350 pts) Economy (300 pts) Quality of Life (300 pts) • Technology and Innovation (225 pts) • Education (200 pts) • Business Friendliness (150 pts) • Access to Capital (100 pts) * Cosa of Living (50 pts) The International Economic Development Council (IEDC) is a non-profit, non-partisan membership organization serving economic developers. With mon: than 5,000 members, IEDC is the largest organization of its kind. Annually, IEDC performs a survey of primarily members to identify the state of economic development globally. The IEDC 2017 survey echoes the top two factors Impacting business site selection decisions are labor/workforce (50%) and adequate infrastructure (30%). Respondents to the 2017 survey included economic development representatives from communities with a population of less than 50,000 (over 30%). Economic development is at the crossroads of disruptive change. Amazon's bid for headquarters 2 (HQ2) has created a site selection process never before experienced.