Photo courtesy of the Redmond Chamber of Commerce & CVB and Timothy Park

Quick Reference

1 Welcome to Redmond 10 Population Growth

2 Top Employers & Industries 11 Education

3 Wage Information 14 Utilities/ Telecommunications

4 Industry Mix 15 Services: Health, Fire & Emergency

5 Business Costs 16 Parks & Recreation

5 Land Options 16 Transportation

7 Unemployment Trend 17 Travel Distances

8 Housing Costs 18 Topography & Climate

9 Valuations, Tax rates & Financial 19 Business Resources

2015 REDMOND PROFILE

Redmond Economic Development (REDI)

446 SW 7th Street. Redmond, OR 97756

www.rediinfo.com | www.edcoinfo.com

541-923-5223 | Fax: 541-923-6442

email: jon@edcoinfo.com

Page 1 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

Redmond Oregon is surrounded by snow-capped mountains, world class out-door activities, and a community of welcoming citizens. Located at the geographic center of our thriving tri-county area Redmond is proud to be

the “hub” of Central Oregon.

As a community of over 26,000 residents, we pride ourselves on being business-friendly and progressive. Focused on our quality of life and

future vitality, we strive to create opportunities for individuals, fami-lies, and business enterprises to succeed. Combining a small

town atmosphere with big city resources, Redmond is an ideal destination for businesses as well as their employ-ees.

The community is home to a strong mix of primary em-ployers including medical device manufacturing; preci-sion metals manufacturing and fabrication; food manu-facturing and distribution; machinery repair, sales, and distribution; clean technology; medical claims processing and call center facilities. Redmond has been favored by the fast growing manufacturing industry, which has

grown nearly 22% in employment over the last three years.

Redmond is a dedicated and resilient community with a

strong sense of family, community values, and openness to new

endeavors. This profile contains key demographic information

siting Redmond as a preferred area for new residents and compa-

nies alike.

to

Welcome

Page 2 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

REDMOND’S TOP PUBLIC & PRIVATE EMPLOYERS

According to the Oregon Employment Department, over 75% of Oregon firms have nine or fewer employees and the average firm employs 15 people. Recent research released by Dun & Bradstreet and American Express said that 99.1% of businesses in Oregon were less than $10 million in revenues. To an even greater extent than the state, Central Oregon's business environment is typified by innovative, small compa-nies, producing niche-market products and services.

In Redmond, the largest employers include some of the usual suspects: the local school district, health care, large retailers and municipal government. Industries represented in Redmond include:

Bioscience: Medline ReNewal

Aviation and Aerospace manufacturing: Lancair Interna-tional, Aircraft Rubber, & PCC Schlosser

Specialty manufacturing: Opportunity Foundation, CR Fabrication, Newhouse Manufacturing, Smith Brothers Pushrods, & McConnell Labs/Light Elegance

Building products manufacturing: Chase Doors, Bright Wood Corporation, & The Parr Company

Corporate administrative and back office centers: Ad-vantage Dental, Consumer Cellular, & Shasta Administra-tive Services

Food manufacturing (products and processing equip-ment): Eberhard’s Dairy, Newhouse Manufacturing, Straw Propeller Gourmet Foods, Key Technology, & Ore-gon’s Wild Harvest

Service & Hospitality: St. Charles Health System & North-view Hotel Group

Transportation & Logistics: Central Oregon Truck Com-pany, Utility Trailer Sales of Central Oregon, Papé Kenworth, Saia Motor Freight Line, USF Reddaway, Old Dominion, Pen-insula Truck Lines, & Roadrunner Express

Clearly, smaller companies are more crucial to rural communities and it’s fair to say that Redmond’s business environ-ment is comprised primarily of small employers, with a few notable exceptions.

Top Employers in the Greater Redmond Area

Organization Employment

2014 2015

Redmond School District 754 819

Consumer Cellular 402 585

St. Charles Health System – Redmond 401 504

Northview Hotel Group 450 450

Opportunity Foundation 384 392

Central Oregon Truck Company 286 312

PCC Schlosser 243 305

Walmart - Redmond 287 300

Fred Meyer - Redmond 254 268

McDonald's - Redmond 125 165

Medline ReNewal 127 153

Hooker Creek Companies – Redmond 150 150

City of Redmond 141 150

Safeway - Redmond 97 140

Bright Wood Corporation – Redmond 105 134

Lowe's - Redmond 89 120

Home Depot - Redmond 100 110

Redmond Area Park & Recreation District 82 90

Neighbor Impact 116 84

Central Electric Cooperative 78 79

Chase Doors 76 76

The Parr Company (3 CO locations) 78 70

Advantage Dental Plan 54 66

Albertson's Supermarkets - Redmond 55 53

Lancair International, Inc. 51 46

Eberhard's Dairy Products 47 46

Shasta Administrative Services 42 40

Bi-Mart - Redmond 40 40

LKQ Brad's Auto and Truck 37 36

Aircraft Rubber Manufacturing 32 34

Les Schwab Retail Store - Redmond 32 34

Oregon’s Wild Harvest NA 30

CR Fabrication 30 25

Newhouse Manufacturing 28 25

Smith Brothers Pushrods 24 23

Kirby Nagelhout Construction NA 21

McConnell Labs/Light Elegance 17 18

COCC/MATC – Redmond 11 17

Straw Propeller Gourmet Foods NA 16 Source: REDI & EDCO Business Research, March 2015.

Page 3 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

AVERAGE WAGES FOR SELECT OCCUPATIONS

Below are average hourly wages in Oregon, Washington, and California. Central Oregon wages are typically below those of Oregon, often 10 to 20%. Wages in Washington are typically higher than Oregon while California wages routinely run at least 20% higher than those in Oregon:

Wage Comparison for Select Occupations (annual average, $ per hour)

Occupation Central

OR OR CA WA

Accountant/Auditor 30.89 31.05 37.50 33.26

Administrative Assistant (Except Legal, Medical, & Executive) 15.26 16.74 18.62 18.45

Architect, except Landscape & Naval 37.38 35.01 45.31 36.02

Carpenter 21.90 21.25 26.88 24.04

Chef & Head Cook 18.95 18.80 23.03 22.86

Clinical, Counseling, and School Psychologist 29.62 34.63 39.13 33.29

Computer Programmer 38.70 35.39 43.51 54.15

Computer Systems Analyst 34.96 40.33 44.95 45.93

Computer User Support Specialist 23.20 22.76 28.25 27.58

Computer-Controlled Machine Tool Operator 18.92 19.10 19.09 33.16

Customer Service Representative 14.35 16.75 19.14 17.70

Dental Hygienist 36.50 38.83 45.68 45.04

Electrical Engineer 28.56 40.55 54.53 47.80

Electrician 26.77 33.24 30.97 30.48

Financial Manager 53.54 51.61 67.73 56.45

Food Service Manager 22.14 22.62 25.40 24.67

General & Operations Manager 41.29 46.94 60.66 58.61

Graphic Designer 20.68 22.90 27.76 26.63

Industrial Machinery Mechanic 25.32 26.32 27.53 27.71

Industrial Production Manager 40.31 44.08 52.44 49.34

Landscape Architect n/a 31.58 39.54 30.83

Marketing Manager 34.88 47.58 74.20 65.64

Mechanical Engineer 33.37 40.13 47.58 44.21

Medical Transcriptionist 18.74 18.51 21.48 17.69

Middle School Teacher, except Special Ed 24.67 27.20 32.78 29.37

Multimedia Artist & Animator n/a 30.18 42.88 37.40

Network and Computer Systems Administrator 32.66 33.18 41.62 39.12

Paralegal 24.23 27.61 29.22 26.12

Physical Therapist 35.48 38.42 44.42 40.21

Police/Sheriff Patrol Officer 30.10 30.04 41.69 34.22

Receptionist 12.79 13.43 14.57 14.85

Registered Nurse 39.13 39.17 47.17 37.17

Software Developer, Applications 36.08 42.79 54.56 54.18

Software Developer, Systems Software n/a 48.42 57.97 53.32

Supervisor, Administrative & Office Workers 23.78 24.44 28.26 27.15

Supervisor, Retail Sales Workers 19.39 18.58 21.48 21.87

Truck Driver, Heavy & Tractor-Trailer 19.06 19.14 20.78 20.95

Urban/Regional Planner 41.39 37.53 39.36 35.70 Sources: Oregon Employment Department, Washington State Employment Security Department, and California Employment Development Department. The data used to create these estimates came from the Occupational Employment Survey. Data is

for Q1 2014 – the most recent data available.

Page 4 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

COVERED EMPLOYMENT & PAYROLL, INDUSTRY MIX

Covered employment refers to jobs that are eligible for unemployment insurance. This is a good barometer of wage and sector trends. Note that while most employees are covered, notable exceptions include: the self-employed, those who work solely on commission, and some agricultural workers. Wages include commissions, bonuses, vacation and holiday pay, but do not include benefits. The following page has a chart depicting industry mix in Deschutes County.

While Deschutes County’s employment base peaked at 69,327 in 2007, current employment has been steadily climbing since the recession ended and now stands at 67,448. Relative to last year (2013 data), all measurements-- the number individuals employed, the associated payroll, and average annual pay—increased across the board, demonstrating a broad return to a healthier economy. In terms of sheer numbers employed, the big gains in industry sectors in Deschutes County were Construction, Manufacturing, Private Education & Health Services, and Retail. The increase in number of employees in the majority of sectors shows the reverse of a declining trend. Similarly, payroll in Deschutes County ex-panded by 11% and the number employed was up 7.23 % with over 3,900 workers. Average annual pay registered an improvement of 3.5%.

2014 Employment by Industry Sector (covered employment data—covered by unemployment insurance)

Deschutes County Region Wide

Industry Number of Employees Payroll

Average Pay

Number of Employees Payroll

Average Pay

Total Private Coverage 58,758 $2,224,607,870 $ 37,860 67,290 $2,537,122,423 $37,704.30

Natural Resources & Mining 479 20,471,603 42,738 1,147 42,329,182 36,904

Construction 4,311 182,547,329 42,344 4,623 196,046,490 42,407

Manufacturing 4,475 188,139,276 42,042 6,268 257,796,236 41,129

Wholesale 1,734 91,051,334 52,509 2,533 137,877,953 54,433

Retail 9,823 274,714,335 27,966 10,885 299,409,717 27,507

Transp., Warehousing & Util. 1,456 71,044,832 48,794 1,888 92,644,537 49,070

Information 1,470 78,194,207 53,193 1,569 95,439,438 60,828

Financial Activities 3,189 165,453,962 51,882 3,411 173,525,343 50,872

Professional & Business Svcs. 7,701 323,163,536 41,963 8,140 338,450,781 41,579

Education & Health Svcs. 10,956 554,999,782 50,657 12,059 600,106,254 49,764

Leisure & Hospitality 10,593 200,013,067 18,881 11,729 219,145,050 18,684

Other Services 2,565 74,651,441 29,103 3,021 84,188,276 27,868

Total All Government 8,690 408,577,230 47,016 12,379 561,982,577 45,398

Total All Ownerships 67,448 $2,633,185,100 $39,040 79,670 $3,099,105,000 $38,899

Source: Oregon Employment Department

INDUSTRY MIX Central Oregon has an ever-more diverse mix of industries that create the employment foundation for the regional econ-omy. For example, in 2007, construction accounted for more than 11% of total payroll, while today it is much closer to national averages. A large slice of the overall pie, government, has seen its share of payroll disperse to other sectors such as education and health services (the fastest growing sector). Information, which includes software, IT services, and data centers, has grown by 30% over the past decade. Tourism (leisure and hospitality) has also seen gains in the past 10 years.

Page 5 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

COSTS OF DOING BUSINESS IN REDMOND

In the Central Oregon Tri-County area, Redmond has established a reputation for affordable utilities, low development fees, and quick response from local gov-ernment to the needs of each individual business. Redmond’s location at the geographic center of the region enables companies located here to draw talent from the entire tri-county area, further increasing work-force options for employers. There are many great reasons to relocate to Redmond. Competitive land and lease rates have drawn many indus-trial companies to Redmond over the last decade. These affordable rates coupled with property tax incentives available within the Greater Redmond Area Enterprise Zone assists businesses in helping to reduce overhead costs significantly during the early years following relocation or expansion. More information on the Enterprise Zone can be obtained by contacting REDI at 541-923-5223.

LAND OPTIONS

Redmond has approximately 1,200 acres of available industrial zoned land. There are several large parcels of land from 24 acres to more than 200 acres- currently vacant and available for purchase. Smaller lots from less than one acre to five acres can also be easily found. Within close proximity to the Redmond Municipal Airport there is an additional 480 acres available for ground lease. More than half a dozen industrial parks dot the landscape and provide services for expanding local and new companies. On the east side of Redmond in the Redmond industrial zone one 95-acre industrial site has been certified by the state as being ready for construction within 180 days of purchase closure.

Nat. res & mining 1% Construction

6%

Manufacturing 8%

Wholesale trade 5%

Retail trade 10%

Transp., warehouse & util.

3%

Information 3%

Financial activities 6% Professional/Biz

Services 11%

Educ & health svcs 19%

Leisure and hosp 7%

Other svcs 3%

Gov't 18%

Central Oregon Industry Composition (By 2014 Payroll)

Business Costs in Redmond

Category Cost

Industrial Land $2.50 - $5.00/SF

City Land $2.00 - $3.00/SF

Construction- Industrial $60 to $80/SF

Leases:

Industrial Commercial Retail

$0.40 - $0.65/SF NNN $0.75 - $1.40/SF NNN $0.40 - $1.50/SF NNN

Business License

Standard fee $55/year

plus $1.50/employee per year

Source: REDI Business Research, March 2015

Page 6 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

The range of available space is diverse, from spec developments to existing buildings, including industrial condominiums and flex space varying from 1,000 to 60,000 SF. Many include dock high loading capabilities, with access to both US 97 and Highway 126. Access to rail is also available via a new “trans load” multimodal facility in north Redmond, operated by Prineville railway.

COSTS OF DOING BUSINESS IN OREGON

For some time Oregon has had reputable national status for being a cost competitive location for business. Recent national rank-ings, below, provide evidence of an economy that balances innovation, cost-efficiency, and a favorable tax environment with quali-ty of life. Contributing to the rankings is the fact that Oregon has no sales tax, no inventory tax, a single sales factor that ben-efits large employers with multiple operations, and an affordable property tax system. Oregon continues to see a steady improvement in its economy, particularly as employment strengthens and are projected to continue to grow and even accelerate. In his upbeat May 2013 revenue forecast for Oregon, state economist Mark Mueller notes that the three main drags on the economy—housing, business and consumer confidence, and balance sheet positions—are all lessening. Mueller’s improved outlook calls for increased sales and economic activity throughout the state, not just the Portland metro area. Average industrial, commercial, and residential power costs—nearly half those in California—are 25% below the national average. With continued in-migration, labor costs are also among the most affordable on the West Coast.

Sources: Tax Foundation, Oregon Employment Department, Washington State Employment Security Department, and California Employment Develop-ment Department, US Energy Information Association, Employer Health Benefits Survey, Premium rate ranking index, Oregon Insurance Division, 1 Wash-ington does not have a corporate income tax but does have a gross receipts tax (Business & Occupancy Tax). While not strictly comparable to corporate income tax rates, it is imposed on revenues, not profits, resulting in noteworthy effective tax rates, particularly for small businesses and startups.2 The average DMV car registration in CA is not easy to find as it includes a vehicle license fee which is based on a percentage (0.65%) of the purchase price.

BUSINESS COST COMPARISON – U.S. West Coast Business Factor Oregon California Washington

Average Industrial Electricity Rate (Jan. 2015; ¢/kWh) 5.78¢ 10.74¢ 4.21¢

Average Industrial Rate for Natural Gas (Jan. 2015, $/kcf) $6.79 $7.68 $9.14

Average Annual Wage for Production Worker (Q1, 2014) $35,820 $34,580 $41,020

Base Unemployment Insurance, range of rates (As of July 1, 2014) 1.8 – 5.4% 1.5 – 6.2% 0.17 – 5.84%

State Unemployment Insurance Tax Rates (As of July 1, 2014) Minimum Maximum

(base: $35,000) 2.2% 5.4%

(base: $7,000) 1.3% 5.4%

(base: $41,300) .0% 5.4%

Average Annual Premium for Employer Sponsored Single Person Health Insurance (2013 data)

$5,449 $5,581 $5,690

Workers’ Comp premium index rate (as of Jan 1, 2014) $1.37 $3.48 $2.00

State Individual Income Tax Rates (2014) Lowest

Highest 5.0% ($0) 9.9% ($125,000)

1.0% ($0) 13.3% ($1,000,000)

None

State Corporate Income Tax Rates (As of July 1, 2014)

Lowest Highest

6.6% ($0) 7.6% (>$1M)

8.84% None

State/local gross receipts, operations-based business tax None None 0.484%1

State & Local Sales Tax Rates (As of July 1, 2014) State Local

Combined

None None None

7.5% (Average) 0.91% 8.41%

6.5% (Average) 2.38% 8.88%

Sales or Use Taxes on Construction Costs (FY 2013) None 4.07% 8.87%

State Sales Tax Collections Per Capita (July 1, 2014) $0 $889 $1,604

State Gasoline Tax Rates (cents per gallon) (As of Jan, 2015)

Excise tax Other taxes

Total

30¢ 1.07¢ 31.07¢

36¢ 9.39¢ 45.39¢

37.5¢ 0.0¢ 37.5¢

State & Local Tax Burden Per Capita (2011; U.S. Average = $4,217) $3,861 $5,136 $4,366

State Tax Collection Per Capita (2013; U.S. Average = $2,689) $2,340 $3,490 $2,692

Real Estate Transfer Tax None 0.110% 0.128%

State Business Tax Climate Index (2015 Tax Foundation) #12 #48 #11

Page 7 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

Workers’ Compensation Insurance

Workers’ compensation costs in Ore-gon are 8

th lowest in the county, high-

ly favorable compared to other states. The “pure premium” is the portion of the premium employers pay insurers to cover anticipated claims costs for job-related injuries and deaths. State officials attribute the decrease to a focus on improving worker safety, getting injured workers treated and back on the job quickly, as well as the initial impact of medical cost control strategies. The “pure premium” rate has either remained the same or de-creased for 22 of the past 24 years – making this cost among the lowest in the country for employers. For manufacturers in places like Cali-fornia, the cost savings of worker’s compensation insurance in Oregon can be substantial. Even a company with 50 employees can realize six-figure annual savings on this one cost factor alone.

UNEMPLOYMENT TREND Regarded as a lagging indicator by most economists, this chart pro-vides a five-year perspective on unemployment in the Tri-County area. Since early 2011, unem-ployment rates have been re-duced significantly. As of March 2015, Deschutes County’s unem-ployment rate of 6.0% is the low-est since December 2007. Crook County’s fell to 8.9%, the lowest rate since June 2008. The unem-ployment rate dropped to 7.4% in Jefferson County from 9.8% the same time last year, a statistically significant decline. Because of Central Oregon’s sus-tained strong in-migration, job creation typically lags population growth, a reason why historically, Oregon’s unemployment rate tracks higher than the national rate.

15.1 13.8

10.9 9.5

13.1

12.3

9.8

8.1

12.6

11.1

8.5

6.5

9.7

8.6

7.1

5.8

8.9 7.8

6.6 5.5

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

Recent Trends in Unemployment Rates

Crook Co Jefferson Co Bend MSA (Deschutes Co) Oregon U.S.

Per

cen

t

$2.47

$1.65

$1.37

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

$5.00

Pu

re P

rem

ium

Rat

e P

er

$1

00

/Pay

roll

Oregon Workers' Compensation Rates Over Time

Page 8 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

HOUSING COSTS

Average Monthly Rent

The Central Oregon rental market began tight-ening in 2010 and faces heightened demand in the midst of constrained supply. According to the Central Oregon Rental Owners Association, current vacancy rates have shrunk to 1.04% as of March 2015, down from 12.4% in 2009. As in-migration to Central Oregon continues, de-mand for rental housing outstrips supply. This exerts pressure on prices and generates a growing interest in multi-family residential construction, particularly in Redmond. In the last year, two and three bedroom rental houses increased more on a percentage basis than apartments and duplexes; until supply increases,expect the rental market in the next few years to be persistently tight.

Home Prices

As with much of the rest of the country, residential property prices peaked to all-time highs in 2006, de-clined, and are now re-bounding substantially. In addition to being focused on business friendliness, local leaders work to keep housing affordable as demonstrated by Red-mond's current average home price of $217,263 and median price of $196,275.

Average Monthly Rent (3 Bedroom House, listed in $)

Area 2009 2010 2011 2012 2013 2014

Bend 1003 969 1012 1231 1110 1,221

Redmond/Terrebonne 884 863 911 975 952 1,014

Madras/Culver 834 849 817 800 765 859

Prineville 790 809 847 835 755 895

La Pine 890 905 861 889 838 880

Sunriver 1000 991 896 1086 1066 1,180

Sisters n/a 913 850 922 875 898

Source: Central Oregon Rental Owners Association (COROA); March 2015

Home Prices of Existing Single Family Homes (residential, less than one acre, $)

Median Sales Price

2006 2007 2008 2009 2010 2011 2012 2013 2014

Crook County 195,500 199,450 177,500 112,000 91,100 79,900 87,000 126,725 133,700

Bend 351,978 345,000 289,450 212,000 191,750 190,000 220,395 269,000 289,950

Redmond 262,749 250,000 216,000 147,500 123,450 116,000 132,000 175,000 196,275

La Pine 183,500 215,000 160,000 109,000 99,900 88,200 94,950 133,000 150,900

Sisters 460,000 415,000 367,450 286,250 223,750 201,000 245,000 300,000 260,000

Sunriver 575,000 548,547 555,738 402,000 417,500 375,000 350,000 364,000 369,000

Jefferson County 165,080 177,950 139,950 89,900 69,950 69,900 71,550 84,950 109,950

U.S. 221,900 217,900 196,600 172,100 173,200 166,200 180,200 197,100 208,300

Average Sales Price

Crook County 212,173 224,151 206,874 145,040 120,537 94,540 113,911 148,124 163,587

Bend 406,122 426,044 353,142 266,319 245,069 238,186 263,556 317,735 344,694

Redmond 292,268 286,543 245,204 170,739 142,402 137,214 148,086 197,015 217,263

La Pine 202,331 237,665 180,153 126,606 110,632 107,238 100,906 146,802 164,295

Sisters 514,259 526,626 437,636 372,483 295,488 248,019 294,247 317,316 290,327

Sunriver 627,345 637,734 628,979 458,614 455,550 398,948 381,530 408,326 409,227

Jefferson County 170,228 187,367 144,146 145,040 78,376 77,010 74,939 91,748 114,669

U.S. 268,200 266,000 242,700 216,900 220,000 214,300 225,500 NA NA

Sources: Central Oregon Association of Realtors (COAR), National Association of Realtors

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

Sale

Pri

ce

Median Sale Price of a Residential Home

CrookCountyBend

Redmond

La Pine

Sisters

Sunriver

JeffersonCountyU.S.

Page 9 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

Building Permits

While building activity in Redmond has not approached the high-water mark of 2006, it rebounded slightly in 2010, mostly on the strength of improvements to existing properties. According to Compass Commercial, industrial occupancy rates (net absorption) have been trending upward for the past several years. Redmond’s industrial vacancy rate hovered between 25% and 30% for buildings over 3,000 SF, for most of the recession. However, recent demand has decreased this rate to around 10%. Several buildings are scheduled to be completed with build out for flex space in 2015 and 2016, increasing the availa-ble inventory which includes heavy industrial parks and high-tech business campuses, small flex-space commercial/light in-dustrial complexes and stand-alone manufacturing buildings.

VALUATIONS City Financial Data

After passage of Measure 50 in 1997, Oregon tax rates were pegged at 90% of 1995 real market values, with an allowable 3% increase each year. For the current tax year, new prop-erty and improvements to property are taxed at a value ratio of 84.9% for industrial and commercial property, and 75.9% for residential property. As a result, the current effective property tax rate in Redmond for assessed property is 1.56% for industrial and commer-cial. The City of Redmond’s overall property taxa-tion rates have remained stable over the past decade, varying only within a narrow band.

Trend Data for Real Estate

Real market values for each county in the Tri-County region are shown in the adja-cent table. Each county hit their high point in different fiscal years. Values for the fiscal year ending in June 2014 (most recent data from county assessors) show a steady rebound with a reverse of the downward trend of the previous 4 years.

Building Activity in Redmond

Year Residential New

Comm’l Tenant

Improve. Total

Valuation ($)

2004 791 39 56 126,030,721

2005 818 53 83 170,550,153

2006 510 44 69 111,137,269

2007 252 53 78 95,626,345

2008 141 34 54 63,000,687

2009 63 34 54 24,661,610

2010 52 18 75 72,399,863

2011 32 14 56 14,471,470

2012 90 13 56 25,873,791

2013 100 8 70 33,444,344

2014 148 7 91 49,916,914

Source: City of Redmond

Tax Rates in Redmond

Tax Year Real

Market Value ($)

Assessed Value ($)

Tax Rate Change Property Ratio

Indus- trial

Commer-cial

2001/02 949,021,643 680,946,174 18.7197 0.730 0.740

2002/03 1,130,185,583 830,150,474 18.8648 0.750 0.700

2003/04 1,251,769,924 909,656,192 18.3456 0.737 0.693

2004/05 1,416,511,590 1,025,035,281 17.9516 0.727 0.683

2005/06 1,842,610,751 1,225,149,004 17.8424 0.623 0.588

2006/07 2,511,364,804 1,378,140,961 17.3246 0.572 0.459

2007/08 3,495,054,319 1,541,274,197 17.0031 0.469 0.400

2008/09 3,620,909,720 1,701,414,206 17.1162 0.475 0.369

2009/10 3,165,483,648 1,784,947,367 18.6232 0.532 0.450

2010/11 2,067,863,281 1,723,720,588 18.3652 0.777 0.651

2011/12 1,768,609,973 1,617,540,325 18.5072 0.982 0.794

2012/13 1,570,978,697 1,458,008,009 18.8565 0.875 0.875

2013/14 1,755,518,370 1,615,341,951 18.4364 0.873 0.873

2014/15 2,023,890,228 1,719,871,105 18.4150 0.849 0.849

Sources: Deschutes County Assessor

Real Estate – Estimated Real Market Values (in billions of $)

County 2008 2009 2010 2011 2012 2013 2014

Crook 3.95 3.19 3.45 1.98 1.58 1.81 2.08

Deschutes 36.92 37.65 33.16 22.58 20.66 22.13 25.32

Jefferson 1.26 1.34 2.49 1.71 1.53 1.45 1.50

Tri-County 42.13 42.18 39.10 26.27 23.77 25.39 28.90 Source: County Assessors in Crook, Deschutes, and Jefferson Counties. The fiscal year for each county ends in June; data shown reflects that timeframe.

Page 10 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

Financial Institutions

There are a total of 13 financial institutions and 15 retail branch locations represented in Redmond. In 2014 Bank of the Cascades acquired Home Federal Bank and Umqua Bank acquired Sterling Savings Bank. Bank of the Cas-cades headquarters are located in Central Oregon. .

Financial Deposits

The total deposit base for the FDIC-insured institutions in Redmond totaled $422 million as of June 30, 2014 (most current available data from FDIC). Redmond makes up about 17% of Deschutes County’s $2.8 billion deposit base.

POPULATION GROWTH Oregon’s population growth of 1.1% from 2013 to 2014 was again domi-nated by net migration (movers-in outpaced movers-out) which ac-counted for 74% of the increase. Natural births over deaths accounted for only 26%. Similar, but even more dramatic in-migration trends prevail in the Tri-County area. Deschutes County experienced the largest year-over-year percentage gain (2.4%) for all 36 Oregon counties and is the primary driver behind the addition of more than 3,000 new residents an-nually to the region’s population. It was the 7

th fastest growing county in the U.S. last year.

In March 2015, Portland State University (PSU)’s Oregon Population Forecast Pro-gram released a population forecast for the tri-county of an estimated 416,764 people by 2065 – the first of its kind in many years.

Deschutes County, the fastest growing county in the state, will be home to about 357,345 people in 2065, with 64,785 of them in Redmond increasing the city by an estimated 57% over today’s population. The population in Jefferson County in 2065 will reach an estimated 33,779, 48% over today’s population. By 2065, an expected 25,640 will call Crook County home, a 21% increase over 2015. Overall, population forecasters expect the region to continue to be a very dynamic part of the state and country.

Banks and Credit Unions in Redmond (as of March 2015)

Bank of America OnPoint Community Credit Union Bank of the Cascades SELCO Community Credit Union Columbia Bank Umqua Bank

JPMorgan Chase Bank U.S. Bank

Mid Oregon Credit Union Washington Federal

Northwest Community Credit Union Wells Fargo Bank

Northwest Farm Credit Services

Sources: FDIC Summary of Deposits, REDI Business Research 2015

Growth in Financial Deposits in Redmond (in millions)

County 2001 2006 2012 2013 2014 % Growth

2001-2014

Crook County $123 $261 $206 $205 $237 92.68%

Deschutes County $1,164 $2,294 $2,351 $2,450 $2,682 130.41%

Jefferson County $92 $123 $139 $146 $143 55.43%

Tri-County Total $1,379 $2,678 $2,696 $2,801 $3,063 122.17%

Source: FDIC Summary of Deposits as of 6/30 for each year.

Populations in Central Oregon

Area 1990 2000 2010 2013 2014

Oregon 2,842,321 3,421,399 3,837,300 3,919,020 3,962,710

Crook County 14,111 19,184 21,020 20,690 20,780

Deschutes County 74,958 115,367 157,905 162,525 166,400

Bend 20,447 52,029 76,740 78,280 79,985

La Pine Not yet incorporated 1,660 1,670 1,670

Redmond 7,165 13,481 26,225 26,590 26,770

Sisters 708 959 2,040 2,115 2,190

Unincorporated 46,638 48,898 51,240 53,570 55,785

Jefferson County 13,676 19,009 21,750 22,040 22,205

Tri-County Total 102,745 153,560 200,675 205,225 209,385

Source: Population Research Center, PSU. 1990 and 2000 Census numbers are for April 1 of that year, 2013 & 2014 data are for July 1, of that year.

Population Projections 2015 - 2065

Area 2015 2025 2035 2045 2055 2065

Tri-County Total 214,547 258,899 300,926 340,739 379,237 416,764

Crook 21,135 22,404 23,916 24,962 25,457 25,640

Deschutes 170,606 210,826 249,037 285,908 322,045 357,345

Redmond 27,715 33,282 39,812 47,167 55,373 64,785

Jefferson 22,806 25,669 27,973 29,869 31,735 33,779

Sources: U.S. Census Bureau (2000, 2010); Portland State University (2012); Oregon Office of Economic Analysis (2015 – 2050).

Page 11 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

EDUCATION Public schools

Redmond School District believes in offering rigorous and unique programs that allow choice and success for all students. The district serves more than 7,300 students in a 550 square mile area that includes Redmond and the unique neighboring communities of Alfalfa, Crooked River Ranch, Eagle Crest, Terrebonne, and Tumalo. The District employs a staff of 819 personnel. The Redmond School District 2014-2015 total budget is $96 million with a general fund of $64.2 million. The District currently operates two K-8 community schools, five K-5 elemen-tary schools, two middle schools, one charter school, two comprehensive high schools, and one educational center. In addition, Redmond School District offers Redmond K-12 Online (www.redmondk12online.org), a virtual program for K-12 students that is offered as a full-time option for any student enrolled in the district. The pro-gram allows students to take rigorous courses online while still having access to district resources such as athletics, clubs and extracurricular activities. The district also boasts a growing Career and Technical Education program at both high schools, offering real world readiness and job skills to students. In early 2014, Redmond High School was the recipi-ent of a $474,955 grant to boost the school’s manufacturing CTE program in collaboration with REDI and local industry partners. It is Redmond School District’s goal that all graduates are college-prepared (see SAT scores at right) and career-ready and have the tools necessary to be successful participants in the 21st century workplace. 98.5% of the District’s teachers meet Highly Qualified standards and the District maintains an Aa2 bond rating. For more information about Redmond School district and each individual school in the district visit www.redmond.k12.or.us. For more information about Redmond’s charter school, Redmond Proficiency Academy, visit http://rpacademy.org.

Private Schools

Redmond has three private schools which are all faith-based. Central Christian School provides learning for Preschool through Grade 12. St. Thomas Academy offers opportunities for Preschool through Grade 5. Sonshine Christian School at Redmond Community Church provides learning for Preschool through Kindergarten.

School 2014-15 Total

Enrollment Terrebonne Community School 398

Tumalo Community School 411

John Tuck Elementary School 460

Vern Patrick Elementary School 447

M.A. Lynch Elementary School 493

Tom McCall Elementary School 538

Sage Elementary School 584

Elton Gregory Middle School 559

Obsidian Middle School 613

Redmond Proficiency Academy 745

Ridgeview High School 866

Redmond High School 859

Advanced Diploma Program 109

Total 7,315

Source: Redmond School District

2014 SAT Scores

Reading* Math* Writing* Total*

Redmond High School 496 494 459 1,449

Ridgeview High School 509 512 499 1,520

Redmond Proficiency Academy 495 460 459 1,414

Oregon 523 522 499 1,544

US 497 513 487 1,497

*Denotes preliminary scores. Sources: College Board, Redmond School District

Private Schools

Central Christian School www.centralchristianschools.com 541-548-7803 2731 SW Airport Way

St. Thomas Academy www.redmondacademy.com 541-548-3785 1720 NW 19th Street

Sonshine Christian School at Redmond Community Church www.sonshinechristianschool.net 541-350-9103 237 NW 9th Street

Page 12 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

Colleges & Universities

Central Oregon Community College (COCC)

Central Oregon Community College operates campuses in Bend, Redmond, Madras and Prineville. Founded in 1949, COCC (www.cocc.edu) is Oregon’s oldest community college. The College offers transfer/lower division programs, mirroring the first two years of a university education at a fraction of the cost, plus career and technical education programs to move students into local industry jobs. The COCC District covers a 10,000-square-mile area that encompasses all of Crook, Deschutes, and Jefferson counties, the southern part of Wasco, and the northern portions of Klamath and Lake Counties. A seven-member board of directors governs the College, with members of that board elected from geographic zones in the District. The Small Business Development Center (SBDC) is operated by COCC and provides active sup-port for Central Oregon’s small businesses. SBDC provides programs such as counseling and market research assistance for entrepreneurs at the earliest stages of development. COCC’s Business and Employee De-velopment department delivers industry-specific courses and workshops tailored to business and industry’s changing needs. The College also offers a wide range of continuing education for personal and professional development. The COCC Redmond Campus sits on 25-acres near the Redmond Airport. This campus includes four buildings to serve students with a variety of career programs, educational opportunities and transfer eligible classes. This past year, approx-imately 2,300 students enrolled in one or more credit classes in Redmond. The COCC Redmond campus offers these services and educational opportunities:

• Credit classes as part of the Associate of Arts Oregon Transfer (AAOT) degree • Foundational credit classes for most degrees and certificates • Academic advising and financial aid information,

Placement testing, proctored exams and tutoring

Training for specialized degrees,

Non-credit courses and programs

Career and job search services, • Small business advising • Customized business training • GED, basic skills, adult high school diploma and English language learning • Comprehensive student services • Dual credit — earn high school and college credits simultaneously • Self-enrichment classes

In addition to the wide range of services and college courses offered to students, COCC’s Redmond Campus is home to

the region’s Manufacturing and Applied Technology Center, a 26,000-square-foot technical training facility with certificate and degree programs readying students for jobs in the manufacturing field. The COCC regional Technology Education Center offers classes for Central Oregon’s business and workforce population at the Redmond Campus. This 34,000-square-foot facility, planned and developed with industry participation, located on the corner of Veterans Way and Salmon Drive, houses the Center for En-trepreneurial Excellence and Development (CEED) and courses and pro-grams in Non-Destructive Testing and Inspection, Digital Arts and Media and Flexible Technology. For more information visit www.cocc.edu/redmond on the internet or call 541-504-2900.

Page 13 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

Oregon State University – Cascades Campus

OSU-Cascades (OSUC) is transitioning from a partner-ship with Central Oregon Community College -in which it offers upper-level and graduate courses on a shared campus- to a full four-year university that could be in place as early as fall term 2015.

Students can choose from 18 majors and more than 25 degree options, which in-clude: Business Administra-tion, Energy Engineering Management, Tourism and Outdoor Leadership, Com-puter Science, and the only Hospitality Management degree in the state. The initiative to transform OSU-Cascades into a four-year university gained strong community support as well as the en-dorsement of Oregon’s top political leadership. However, the University is going through a public hearing process to ad-dress concerns from nearby home owners. OSUC plans to begin expansion with the first phase on a 10-acre parcel of the 56-acre site at the corner of SW Century Ave. and SW Chandler Ave. in Bend. Envisioned as an urban university, the new OSU-Cascades site plan calls for academic and residential buildings with retail space located within. OSUC aims to begin freshman and sophomore level classes fall term 2015, growing from just under 1,000 students today to 3,000 to 5,000 students by 2025. On the academic side, faculty hiring and academic course planning is underway to provide the fall 2015 launch to include a full slate of requirements for the undergraduate baccalaureate core courses. As part of its Hospitality Management program, OSU-Cascades is working with Cornell University’s School of Hotel Admin-istration, offering executive education courses to hospitality leaders on the West Coast. Considered the world leader among hotel schools for its undergraduate, graduate and research programs, Cornell has built an international reputation among professional hoteliers and restaurateurs for its executive education program. In fall 2014, OSU-Cascades will offer an executive leadership MBA program through OSU’s College of Business. The MBA takes about two years and is delivered in a hybrid format, blending face-to-face and online sessions and is designed for busy professionals. The university also aims to launch additional MBA programs between fall 2015 and 2016.

Additional Colleges and Universities

Additional accredited academic institutions have a presence in Central Oregon, typically combining evening and occasion-al weekend classes in conjunction with distance learning.

Eastern Oregon University Division of Distance Education (541-385-1137) George Fox University (1-800-631-0921) Linfield College - Central Oregon Center (541-388-2986) Oregon Institute of Technology, Bachelor’s degree in Operations Management, via COCC University of Oregon, Executive MBA (503-276-3622)

469 571

651 643 662 664 773

847 935

1039 1111

1172

0

200

400

600

800

1000

1200

1400

# o

f st

ud

ents

en

rolle

d

OSU- Cascades Enrollment (fall term of each year)

Page 14 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

UTILITIES SERVING REDMOND Water System & Rates

Sourced from seven deep wells, Redmond’s municipal water system supplies a minimum of 2.2 million gallons of domestic water daily (mgd) and has a peak usage of 13.2 mgd. Average daily summer use is 10.5 mgd. The system’s current maxi-mum capacity is 18 mgd resulting in an excess capacity of 4.8 mgd. The current storage capacity is 10 million gallons. There are 9,800 water service connections, of which 80% are domestic households. Monthly rates include a fixed charge based on meter size plus a volume charge that is applied to usage in hundred cubic feet (ccf).

Sewer Rates

Redmond's municipal wastewater system conveys and treats an average of 1.7 million gallons per day (mgd) of domestic, commercial, and industrial wastewater. The city’s modern treatment plant is designed for an average daily flow of 3.0 mgd, resulting in excess capacity of 1.3 mgd. Further, the City of Redmond has the ability to add additional capacity within the existing treatment plant should a project warrant it. Commercial and industrial accounts pay a base fee per month for the first 700 cubic feet (cf) of water used, plus a volume charge based on the strength of wastewater discharged for water use exceeding 700 cf. The volume charge is calculated using an average of winter months’ (December- April) water use.

Storm Water Rates

Redmond’s Storm water Program provides for the management of both the quantity and quality of storm water runoff from public facilities in order to pre-vent local flooding and protect the quality of groundwater supplies. This is ac-complished through the operation and maintenance of 1,700 drywells and drill holes, 3,600 catch basins, 33 miles of pipe, and street sweeping 314 lane miles of city streets. Water quality sampling and reporting is also performed to maintain compliance with state and federal regulatory requirements. Commercial and industrial accounts pay a base fee per month plus a variable fee based on the average number of daily vehicle trips generated by the site. The daily trips are calculated using the Institute of Transportation Engineers Trip Gen-eration Manual.

Natural Gas

Natural gas is widely available throughout Central Oregon and is supplied by Cascade Natural Gas Cor-poration (CNGC; 888-522-1130). Transmission to the region is provided by 36 and 42 inch high capacity lines that run from Canada to southern California. Headquartered in Kennewick Washington, CNGC serves more than 46,000 local industrial, commercial and residential customers from a regional operations base in Bend. Potential users for the Large Volume rate should contact EDCO for additional information about their potential usage conditions.

Electric Companies

Oregon’s electricity rates are well below the national average. For industrial customers, providers offer rates up to nearly 20% below the U.S. average and nearly 50% below those in neighbor-ing California. The following companies provide electric power in Redmond:

Central Electric Cooperative (CEC) (541) 548-2144 Pacific Power (PPL) (888)221-7070

Monthly Water Rates (by meter size)

Meter Size

Monthly Fixed Rate

Volume Rate (/ccf)

5/8” $14.32 $1.15

¾” $18.45 ..

$1.15

1” $26.78 $1.15 1 1/2” $47.51 $1.15

2” $72.45 $1.15

3” $138.82 $1.15

4” $213.63 $1.15

6” $421.08 $1.15 Source: City of Redmond 10/01/13

Monthly Storm Water Rate Base Rate Variable Rate

$5.81/account $0.05/daily trip end

Source: City of Redmond; rates as of 07/01/2014

Natural Gas Rates

User Base Charge Cost/ Therm

Delivery Charge/ Therm

Commercial $3.00 $0.80 $0.26

Industrial $12.00 $0.75 $0.18

Large Volume–General* Included $0.72 $0.15 *Requires specific contract and usage conditions; 1 therm = 1,000 BTUs. Source: www.cngc.com

Average Electricity Rates

Entity Average Price in Sector

(cents/kWh) National & State Commercial Industrial

U.S. 10.28 6.84

Oregon 8.68 5.80

California 14.22 10.96

Local Resources* Commercial Industrial

Central Electric Cooperative 7.26 5.84

PacifiCorp (Investor Owned) 8.78 7.13

Source: U.S. Energy Information Administration; * 2013 EIA data.

Page 15 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

TELECOMMUNICATION

Redmond is one of the Northwest’s most techno-logically advanced communities for telecommu-nications, offering services usually found only in large metro areas. These services include com-mercial and residential Internet speeds up to 1 Gigabit (or 1000 Mbps) and Ethernet rates up to 100Gb. But that’s not all! Most local providers also offer the latest Voice Over Internet Protocol (VoIP) technology for telephone services as well as affordable telephone systems. Redmond boasts high-end specialized data and telecommunications providers with extensive fiber-based infrastructure throughout the city, nationwide, and internationally. Redmond is also connected nationwide, and internationally with high capacity networks that utilize advanced self-healing ring technology for redundancy and reliability. Local companies provide services with access options including land line (copper), fiber optics, and wireless (WiFi, WiMax, HSPA+ and secure microwave). In addition, DSL, ISDN, Frame Relay, ATM and Metro Ethernet, Hosting services along with the traditional high capacity TDM services (T1, T3, and OCx) are available from a number of these providers.

SERVICES

Health Services

Top quality health care is one of Central Oregon’s crown jewels. With four hospitals and more than 3,600 employees, St. Charles Health System is both the largest provider of health care and largest employer in Central Oregon. St. Charles Health System has pledged to partner with the communities it serves to achieve an ambitious vision: Creating America's healthiest communities, together. St. Charles Health System began in 2001 as Cascade Health Services when St. Charles Medical Center in Bend merged with Central Oregon District Hospital in Redmond. Today, the organization owns and operates St. Charles medical centers in Bend, Redmond and Madras as well as family care clinics in Bend, Prineville, Redmond, Sisters and Madras. It also leases and operates Pioneer Memorial Hospital in Prineville and is in the process of building a new health care campus for the Prineville community that is scheduled to open in 2015. St. Charles Redmond is a fully accredited, 48-bed hospital with more than 150 active and visiting medical staff members. Services include 24-hour emergency care, intensive/cardiac care, physical, respiratory and nutritional therapy, radiology, surgery and an on-campus rehabilitation center. St. Charles’ physician clinics in Redmond include St. Charles Family Care, Center for Women’s Health, Pulmonary Clinic, St. Charles Sleep Center, St. Charles Outpatient Rehabilitation and St. Charles Surgical Specialists. Bringing care closer to home, St. Charles’ Redmond ICU unit is linked by telemedicine to the ICU in Bend, allowing physicians to visually assess patients. Bend Memorial Clinic’s (BMC) facility in Redmond offers urgent care, family medicine and internal medicine, and a grow-ing list of specialty services in its state-of-the-art clinic, with nearly fifty health care providers on staff. Mosaic Medical, a non-profit healthcare organization, opened its Redmond clinic, along with an innovative in-school clinic at M.A. Lynch Elementary School, in June, 2013. Mosaic serves the insured and uninsured regardless of age, ethnicity, or income, and believes in treating the whole patient by addressing physical, emotional, social, and cultural needs.

Fire & Emergency Services

Directed by a five person board of directors and led by Fire Chief Tim Moor, Redmond Fire & Rescue provides emergency medical response, fire suppression, and rescue services to a 280 square mile fire district and a 320 square mile ambulance service area 24 hours a day. This service is provided by 43 full-time career firefighter/paramedics and 30 volunteers and student firefighters. The District serves a population base of 42,000 citizens.

Redmond Communications Providers Quantum Communications Commercial 541-923-5599

BendTel Commercial 541-389-4020

BendBroadband Residential & Commercial 541-382-5551

Integra Commercial 866-INTEGRA

Century Link Residential & Commercial 541-388-5214

Community Broadband Residential 541-504-6600

Page 16 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

Redmond Fire & Rescue answers all calls for service from four fire stations. The main fire station is located in the City of Redmond and responds to the largest percentage of requests for service. The Terrebonne Fire Station, Cline Falls Fire Station, and Airport Fire Station are staffed and respond to calls for service as needed. Each fire station has a compliment of medical and fire apparatus that are available to respond to emergency and non-emergency requests for service. Each station has an Advanced Life Support ambulance equipped to treat and transport patients while providing an extremely high level of care. Fire apparatus are in each station to manage structural and wildland fires. Additionally, apparatus is equipped to manage rescue related needs including rope, ice, water, and auto extrication. Life Flight and Air Life of Oregon provide air ambulance services throughout the area and are supported by level II and III hospital trauma services.

PARKS & RECREATION

The City of Redmond maintains 22 parks located on 540 acres including 30 miles of walking, running, and biking trails. The Redmond Area Park and Recreation District manages five facilities: the Cascade Swim Center, the historical Tetherow Cross-ing, the RAPRD Activity Center, the High Desert Sports Complex, and the Borden Beck Wildlife Preserve. Downtown’s new Centennial Park hosts many activities including a weekly farmers market June through August, Children’s Splash Park and live music events. With over 2.5 million acres of public land and open space in Central Oregon, outdoor recreation enthusiasts from beginner to professional find outstanding opportunities for hiking, biking (mountain and road), skiing (cross country, downhill, telemark-ing, and water), snowboarding, motocross riding, kayaking, white water rafting, rock climbing, mountaineering, fishing, hunt-ing, camping, and horseback riding. There are currently 28 golf courses within 50 miles of Redmond and three destination resorts (Brasada Ranch, Eagle Crest, and Pronghorn) nearby

TRANSPORTATION

Rail Services

Burlington Northern—Santa Fe (BNSF) and Union Pacific railways provide Redmond direct shipping to any market in the United States, Canada and Mexico. BNSF “team tracks” in Redmond offers local access to rail car delivery for those com-panies that do not have a rail spur to their property. Further, multimodal freight loading and offloading is provided by the Prineville Railway Freight Depot at its facility outside Prineville.

Motor Freight

There are nine regional and national trucking firms based in Redmond and five nationwide long haul carriers serving the City. Motor freight imports can exceed exports, resulting in attractive freight rates for shipping from Central Oregon. US Highway 97 passes through Redmond and is a major north-south freight route, connecting California and Washington via I-5. Highway 97 east-west connections are made via I-84, joining Portland to Boise and points east. State Route 126 also passes through Redmond and offers an east and west route across the state.

Commercial Air & Freight Services

Redmond Municipal Airport (RDM; www.flyrdm.com) provides commercial air service for all of Central Oregon with 15 departures each day to Denver, Los Angeles, Port-land, Salt Lake City, San Francisco, and Seattle. Several years ago RDM completed a three-year $40 million expansion project, increasing the size of the terminal six-fold. In mid-June 2013, daily nonstop service between RDM and LAX started with American Airlines, bringing the number of carriers at the airport to four (Alaska, American, United, and Delta). RDM also provides air cargo services and hosts general aviation traffic, including extensive corporate and business travel. Fed Ex, United Parcel Service and the USPS provide air freight and package express services to Portland. Passenger traffic at RDM in 2014 has rebounded and surpassed the high point of 2008- 247,392 enplanements.

Markets Served by RDM

Destination Flight Times

Minutes Denver, CO 2 hours 24 min

Los Angeles, CA 2 hours 0 min

Portland, OR 0 hours 40 min

Salt Lake City, UT 1 hour 30 min

San Francisco, CA 2 hours 8 min

Seattle, WA 1 hour 10 min

Source: Redmond Municipal Airport (www.flyrdm.com)

Page 17 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

The Airport is home to the USDA Forest Service Redmond Air Center, Mountain High Oxygen, Life Flight, Butler Aviation, Les Schwab, Bonneville Power, RDD Enterprises, Lancair, and Henderson Aviation.

TRAVEL DISTANCES FROM REDMOND Redmond is the crossroads for State Highway 126 and US HWY 97, mak-ing easy connection with I-5; linking Oregon to Washington and Califor-nia; and I-84 linking Portland to Idaho and points east. Portland is a quick three hour trip and other major West Coast cities—Seattle, Boise and San Francisco—are all easily accessed by a day’s drive. With east-to-west and north-to-south highways intersecting in Red-mond, travel distances to other points in Central Oregon are relatively short; typically no more than 30 to 55 minutes in any direction.

COMMUTE TIME Drive times in Central Oregon are very convenient. With a truly regional work-force, it’s not unusual for individuals to drive from Bend or Sisters to Redmond for work. Based on U.S. 2010 Census infor-mation, drive time averages less than 20 minutes for Deschutes County residents than for those who live in Crook or Jeffer-son Counties. That’s reasonable given the more rural nature and smaller populations of these two counties.

The commute between Redmond and Bend—frequent commute by the majority of the population—is less than a half an hour; and if you live and work in Redmond, drive time is under 10 minutes.

147,106

246,354 263,314

0

50,000

100,000

150,000

200,000

250,000

300,000

Nu

mb

er

of

en

pla

ne

me

nts

Passenger Traffic at RDM

Travel Distances from Redmond, Oregon

City State Miles Drive Time

Bend OR 17.4 0 hours 23 min

Sisters OR 19.5 0 hours 25 min

Madras OR 26.3 0 hours 31 min

La Pine OR 46.1 0 hours 53 min

Portland OR 146 3 hours 8 min

Medford OR 189 3 hours 53 min

Seattle WA 311 5 hours 46 min

Boise ID 323 5 hours 42 min

San Francisco CA 508 8 hours 37 min

Los Angeles CA 837 13 hours 3 min

Source: REDI Business Research, Google Maps

Page 18 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

TOPOGRAPHY & CLIMATE The geographic climate in the Redmond area is predominantly High Desert. Redmond is one of the driest and sunniest places in the Pacific Northwest, with annual precipitation of only 8.88 inches. In fact, sunny days in Redmond average just two weeks fewer than in San Diego, California. Sixty miles to the west of Redmond in the Cascade Mountains is an area that receives over 120 inches of precipitation annually. Runoff from rain and winter snow pack in the Cas-cades provides both surface water and an underground aquifer of over 2 billion gallons of water per day beneath Redmond. Redmond’s elevation, 3,041 feet, is about 500 feet below that of Bend to the south and nearly 800 feet higher than Madras to the north. Redmond's central location provides for spectacular views of the volcanoes of the East Cascades, including the Three Sisters, Broken Top, Mt. Bachelor, Three-Finger Jack, Mt. Washington and Mt. Jefferson. Summer temperatures average a high of 83° F and a low of 45° F. Winter temperatures range from an average high of 43° F to an average low of 22° F.

City Elevation

La Pine 4236’

Sunriver 4200’

Bend 3623’

Sisters 3182’

Redmond 3041’

Prineville 2868’

Madras 2242’

Warm Springs 1539’

2015 REDI Research

2014 Weather Profile

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Average (°F) 47.5° 40.1° 55.9° 60.9° 70.1° 75.4° 90.5° 84.8° 77.5° 68.1° 45.5° 40.9° Average Low (°F) 22.1° 20.9° 27.3° 20.1° 35.4° 39.3° 49.5° 48.5° 40.6° 37.5° 20.7° 25.1° Mean (°F) 34.8° 30.5° 41.6° 45.4° 52.7

5° 57.35°

70° 66.6° 59° 52.8° 33.1° 33° Precipitation (inches) 0.52 1.39 0.60 0.58 0.36 0.30 0.29 0.96 0.42 0.66 2.04 1.58 Snowfall (inches) 0 7.21 0 0 0 0 0 0 0 0 0 5.11 Source: USClimateData.com

Page 19 Updated 6/11/2015 Redmond Profile © Copyright REDI 2015

ADDITIONAL BUSINESS RESOURCES

Organization Address Phone / Website

Redmond Chamber of Commerce 466 SW 7th Street Redmond, OR 97756

541-923-5191 www.visitredmondoregon.com www.discoverredmond.com

City of Redmond 716 SW Evergreen Avenue Redmond, OR 97756

541-923-7710 www.ci.redmond.or.us

Economic Development for Central Oregon (EDCO)

705 SW Bonnett Way, Suite 1000 Bend, OR 97702

541-388-3236 www.edcoinfo.com

Work Source Oregon Oregon Employment Department

2158 SE College Loop, Suite B Redmond, OR 97756

541-548-8196 www.employment.oregon.gov

The Central Oregon Intergovernmental Council (COIC)

2030 SW College Loop Redmond, OR 97756, and 334 NE Hawthorne Ave. Bend, OR 97701

541-548-8163 www.coic.org

Small Business Development Center (SBDC) 2030 SE College Loop Redmond, OR 97756

541-504-2900 www.bizcenter.org

REDMOND ECONOMIC DEVELOPMENT, INC. (REDI) INVESTORS

Advanced Precast Products

Advantage Professional Management

Aris Group (dba Benchmark Realty)

Aspen Development Corporation

Bank of the Cascades

Barbara Myers, Windermere Real Estate

Barker Musical Instruments

Bev Clarno

Blue Speed Executive Search, Inc.

Beacon Appraisal Group

Central Electric Cooperative

Central Oregon Precision

Central Oregon Truck Company

Century Link

City of Redmond

CoEnergy Propane

Columbia Bank

Concord Marketing & Communications

Consumer Cellular

CSARE Properties, LLC

Current Conceptions

Dana Signs

Diana Barker

Dr. Shirley Metcalf

Eagle Crest Resort

Eberhard’s Dairy Products

Every Idea & Marketing

Express Employment Professionals

First American Title

Francis Hansen & Martin LLP

Hayden Homes

High Country Disposal

Joe A. Lochner Insurance Agency

Joseph W. Centanni, CPA, PC

JTS Animal Bedding

Key Technology

Kris Rees, Coldwell Banker Real Estate

Lancair International

Laurel Werhane

McConnell Labs

Medline ReNewal

MHI Real Estate Development

Mid Oregon Credit Union

MidState Fertilizer

Miller Lumber

NW Commercial Real Estate Services

Pacific Power

Papé Kenworth

Parr/NW Structural Components

PCC Structurals, Inc. – Schlosser

Pepsi-Cola Company of Bend

Premier Auto Body

Quantum Communications

Raymond James & Associates, Inc.

REA – Redmond Executive Association

Redmond Chamber of Commerce

RES Equine Products

Risse Racing

Sage Builders

Smith Rock Resources

St. Charles- Redmond

Sterling Transportation, Inc.

SunWest Builders

The Opportunity Foundation

Timothy Park Photography

Vesta Redmond LLC (dba Comfort Suites)

Western Communications, Inc.

Western Title & Escrow

FOR MORE INFORMATION, PLEASE CONTACT:

Redmond Economic Development, Inc. (REDI) Jon Stark, Sr. Manager 446 SW 7th Street Redmond, OR 97756 Phone: 541-923-5223 | Fax: 541-923-6442 www.rediinfo.com

Economic Development for Central Oregon (EDCO) 705 SW Bonnett Way, Suite 1000 Bend, OR 97702 Phone: 541-388-3236 | 800-342-4135 www.edcoinfo.com