Bellevue Business Survey Anticipates Promising Future
January 30, 2018 - by Emma Sullivan
Category What's Happening
2017 Bellevue Business Survey Anticipates Promising Future
Emma Sullivan, January 30, 2018
The City of Bellevue conducts a biennial survey of local businesses to get a grasp of the current economic situation of businesses in Bellevue. We took a look at some of the key highlights from the 2017 (there were not many changes when compared to the 2015 survey results).
The Bellevue Business Survey "represents the second comprehensive survey of business located within Bellevue" and is conducted by the City of Bellevue. The survey was designed to support Bellevue's Business Retention & Expansion Program in enabling the City to better understand the needs of local businesses and to deliver quality services to the business community.
Survey results will be used to "guide City policy and programmatic decisions for economic development, infrastructure, and services to support long term economic growth."
Survey Highlights
- 75% of businesses feel that Bellevue is a 'somewhat' or 'significantly' better place to operate a business when compared to other cities.
- 7/10 feel that the quality of services provided 'exceeds' or 'greatly exceeds' their expectations.
- 59% feel that they are getting their money's worth for the tax dollar paid
- 6/10 are likely to recommend starting a business in Bellevue
- 90% feel Bellevue's economy is better than other cities in the Puget Sound Region
- 8/10 businesses state that the economic strength of their business is 'somewhat' or 'very' strong.
- 61% of business indicate they expect the economic strength of their business to improve over the next 3 - 5 years.
Key issues of concern highlighted by people surveyed were traffic, parking, taxes and a lack of affordable housing.
Overall, the majority of businesses in Bellevue (69%) feel that the City is headed in the right direction. This is the same as in 2015 and there are no significant differences between 2015 and 2017 overall or at the sector level.
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