Federal Way’s active business recruitment and retention efforts have directly led to decisions by Capital One, Safeco and several other key businesses to locate in Federal Way’s East Campus area, as well as decisions by Walmart, Longs Drugs, Joanne Etc. and Rite Aid to expand and relocate in the downtown area.
Recruiting efforts occur through partnerships Federal Way actively develops at the local, regional, state and national levels. Federal Way’s target areas are corporate and headquarters facilities, plus retail and general business. A South King County economic development partnership is assisting with this effort by helping identify and recruit targeted businesses.
Retention and expansion efforts focus on Federal Way’s top employers and revenue producers, who are encouraged to share concerns before they become a crisis.
The City of Federal Way/Greater Federal Way Chamber of Commerce’s partnership for economic development will have three key areas of concentration in 2000: downtown redevelopment, marketing and business recruitment/re-tention.
Economic development updates are held the last Thursday of each month from 7 to 8:30 a.m. at the Borders Books mezzanine in SeaTac Village
Author Debra Coates is the Federal Way econnomic development executive.