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==Economy== [[File:Microsoft building 17 front door.jpg|thumb|[[Microsoft]]]] [[File:Nintendo of America Headquarters.jpg|thumb|[[Nintendo]]]] Several companies in the [[High tech|high-tech]] industry are based in Redmond. The largest employer in the city by far is [[Microsoft]], which moved its headquarters to Redmond in 1986.<ref>{{Cite web |title=Microsoft moves to Redmond - Event - Computing History |url=https://www.computinghistory.org.uk/det/551/Microsoft%20moves%20to%20Redmond |access-date=2025-01-11 |website=www.computinghistory.org.uk}}</ref> As of 2012, Microsoft has over 47,000<ref>[https://www.redmond.gov/386/Microsoft-Redmond-Campus-Refresh Microsoft Redmond Campus Refresh ]. Microsoft. Retrieved on August 23, 2013.</ref> full-time employees, 45,000 contractors, and more than {{convert|8|e6ft2|e3m2|abbr=unit}} of office space in the [[Seattle]] area [[Eastside (King County, Washington)|Eastside region]], primarily in Redmond, with additional offices in [[Bellevue, WA|Bellevue]] and [[Issaquah]] (90,000 employees worldwide). In June 2006, Microsoft purchased former [[Safeco]]'s Redmond campus at 4515β5069 154th Place NE for $220.5 million.<ref>{{Cite news | url=https://www.insurancejournal.com/news/west/2006/01/23/64450.htm | title=Microsoft To Buy Safeco Office Campus | work=Insurance Journal | date=January 23, 2006}}</ref> Other companies with headquarters in Redmond include [[Nintendo of America]], [[Genie (Terex)|Genie Industries]] (now part of [[Terex]]), [[Physio-Control]] (now part of [[Stryker Corporation|Stryker]]), Visible.net, [[WildTangent]], Solstice (acquired by [[Samsung]]) and [[Data I/O]].{{Citation needed | date=December 2021}} {{as of|2023}}, approximately 89 percent of employees for Redmond companies commute from outside the city.<ref>{{cite news |last=Lindblom |first=Mike |date=January 26, 2024 |title=New walk-bike bridge debugs access to Microsoft and light rail |url=https://www.seattletimes.com/seattle-news/transportation/new-walk-bike-bridge-debugs-access-to-microsoft-and-light-rail/ |work=The Seattle Times |accessdate=January 26, 2024}}</ref> In 2015, [[SpaceX]] opened a [[Starlink]] satellite development facility in Redmond.<ref name="GeekWire">{{cite web | url=http://www.geekwire.com/2015/spacexs-new-seattle-area-office-redmond-elon-musk-visit-region-week/ | website=GeekWire | date=January 13, 2015|title = SpaceX's new Seattle-area office is in Redmond; Elon Musk to visit region this week|last = Bishop|first= Todd}}</ref><ref name="SpaceNews">{{citation| title=SpaceX opening Seattle plant to build 4,000 broadband satellites|url=http://spacenews.com/spacex-opening-seattle-plant-to-build-4000-broadband-satellites/ | work=Space News |date=January 19, 2015 | access-date=January 19, 2015}}</ref><ref>{{Cite web |last=Boyle |first=Alan |date=2017-01-27 |title=SpaceX adds a big new lab to its satellite development operation in Seattle area |url=https://www.geekwire.com/2017/spacex-lab-satellite-development-redmond/ |access-date=2025-01-11 |website=GeekWire |language=en-US}}</ref> Unlike [[Bellevue, Washington|Bellevue]] and other neighboring cities, the city of Redmond does not have a business and occupation tax on income.<ref>{{cite web|url=http://www.ci.redmond.wa.us/business/BusinessLicensing/FAQs/|title=Business Licensing FAQs|publisher=City of Redmond|access-date=April 11, 2018|archive-url=https://web.archive.org/web/20180412082800/http://www.ci.redmond.wa.us/business/BusinessLicensing/FAQs/|archive-date=April 12, 2018|url-status=dead}}</ref> However, to help offset the costs of road improvements for businesses, a business license fee of $55 per employee was approved in 1996. {{As of|2024}}, the fee is $141 per employee.<ref>{{Cite web |title=Business Licensing {{!}} Redmond, WA |url=https://www.redmond.gov/230/Business-Licensing |access-date=2025-01-11 |website=www.redmond.gov}}</ref> ===Top employers=== According to Redmond's Comprehensive Annual Financial Reports, the top employers in the city are: {| class="wikitable sortable" border="1" style="text-align: center" |- ! style="text-align: left;" rowspan=2 | Employer ! colspan=2 | '''2021'''<ref>{{cite web |author=City of Redmond, Washington |url=https://www.redmond.gov/DocumentCenter/View/26833/2021-ACFR-FINAL-AUDITED-12-27-2022-Statements |title=Comprehensive annual financial report |publisher=redmond.gov |page=148 |date=December 31, 2021}}</ref> ! colspan=2 | 2020<ref>{{cite web |author=City of Redmond, Washington |url=https://www.redmond.gov/DocumentCenter/View/20573/FINAL-FY2020-ACFR-6-30-2021-211PM-1 |title=Comprehensive annual financial report |publisher=redmond.gov |page=141 |date=December 31, 2020}}</ref> ! colspan=2 | 2019<ref>{{cite web |author=City of Redmond, Washington |url=https://www.redmond.gov/DocumentCenter/View/16204/CAFR-2019-Final-Revised-July-29-2020-FINAL |title=Comprehensive annual financial report |publisher=redmond.gov |page=138 |date=December 31, 2019}}</ref> ! colspan=2 | 2018<ref>{{cite web |author=City of Redmond, Washington |url=https://www.redmond.gov/DocumentCenter/View/8992/2018-CAFR---COMPLETE-DOCUMENT-PDF |title=Comprehensive annual financial report |publisher=redmond.gov |page=141 |date=December 31, 2018}}</ref> |- ! '''Rank''' ! '''# of Employees''' ! Rank ! # of Employees ! Rank ! # of Employees ! Rank ! # of Employees |- | style="text-align: left;" | [[Microsoft]] Corporation | '''1''' | '''44,782''' | 1 | 40,646 | 1 | 38,026 | 1 | 37,305 |- | style="text-align: left;" | [[Meta Platforms, Inc.]] ([[Facebook]]) | '''2''' | '''1,434''' | 3 | 1,317 | 10 | 575 | β | β |- | style="text-align: left;" | [[Lake Washington School District]] | '''3''' | '''1,422''' | 4 | 1,294 | 3 | 1,718 | 4 | 1,328 |- | style="text-align: left;" | [[Eurest]] Dining Services @ Microsoft | '''4''' | '''1,157''' | 5 | 1,269 | 4 | 1,071 | 3 | 1,372 |- | style="text-align: left;" | [[Nintendo of America]] | '''5''' | '''1,097''' | 6 | 877 | 6 | 873 | 5 | 1,004 |- | style="text-align: left;" | [[CBRE Group|CBRE]], Inc. | '''6''' | '''814''' | 8 | 725 | β | β | 10 | 559 |- | style="text-align: left;" | City of Redmond | '''7''' | '''708''' | 9 | 713 | 9 | 658 | 7 | 757 |- | style="text-align: left;" | [[United Parcel Service]] | '''8''' | '''675''' | 10 | 636 | 7 | 755 | 8 | 755 |- | style="text-align: left;" | [[Terex]], formerly [[Genie Industries]] | '''9''' | '''668''' | 2 | 2,282 | 2 | 2,044 | 2 | 2,044 |- | style="text-align: left;" | [[Honeywell]] International, Inc. | '''10''' | '''643''' | 7 | 748 | 5 | 923 | 6 | 923 |} {|class="wikitable collapsible collapsed wide" !colspan=3| Largest employers in 2015 <ref>{{cite web |author=City of Redmond, Washington |url=http://www.redmond.gov/common/pages/UserFile.aspx?fileId=186876 |title=Comprehensive annual financial report |publisher=redmond.gov |page=138 |date=December 31, 2015 |access-date=September 23, 2016 |archive-url=https://web.archive.org/web/20160924021714/http://www.redmond.gov/common/pages/UserFile.aspx?fileId=186876 |archive-date=September 24, 2016 |url-status=dead }}</ref> |- ! # ! Employer ! # of Employees |- |1 | [[Microsoft]] |34,358 |- |2 | [[Terex]] / Formerly [[Genie Industries]] |2,656 |- |3 | [[Eurest]] Dining Services @ Microsoft |1,041 |- |4 | [[Nintendo of America]] |945 |- |5 | [[AT&T Mobility]] |831 |- |6 | [[Lake Washington School District]] |818 |- |7 | [[United Parcel Service]] |757 |- |8 | [[Physio-Control]] |706 |- |9 | [[Honeywell]] |677 |- |10 | [[Aerojet Rocketdyne]] |530 |- |} {| class="wikitable collapsible collapsed wide" !colspan=3| Largest employers in 2010<ref name = finrep141>{{cite web |author=City of Redmond, Washington |url=http://www.redmond.gov/common/pages/UserFile.aspx?fileId=53438 |title=Comprehensive annual financial report |publisher=redmond.gov |page=141 |date=December 31, 2010 |access-date=September 23, 2016 |archive-url=https://web.archive.org/web/20160924020447/http://www.redmond.gov/common/pages/UserFile.aspx?fileId=53438 |archive-date=September 24, 2016 |url-status=dead }}</ref> |- ! # ! Employer ! # of Employees |- |1 | [[Microsoft]] (includes MSNBC) |31,981 |- |2 | [[AT&T Mobility]] |1,302 |- |3 | [[Genie Industries]] |1,191 |- |4 | [[Lake Washington School District]] |990 |- |5 | [[Volt Technical Resources]] |964 |- |6 | [[Nintendo of America]] |796 |- |7 | [[Honeywell]] |727 |- |8 | [[Eurest]] |678 |- |9 | [[United Parcel Service]] |600 |- |10 | [[Physio-Control]] |559 |- |} {| class="wikitable collapsible collapsed wide" !colspan=3| Largest employers in 2005<ref name = finrep141/> |- ! # ! Employer ! # of Employees |- |1 | [[Microsoft]] (includes MSNBC) |27,855 |- |2 | [[Genie Industries]] |2,397 |- |3 | [[Cingular Wireless]] (now part of AT&T) |1,816 |- |4 | [[Volt Technical Resources]] |1,617 |- |5 | [[Honeywell]] |1,082 |- |6 | [[Group Health Cooperative]] |1,074 |- |7 | [[Physio-Control]] |956 |- |8 | [[Safeco]] |850 |- |9 | [[Lake Washington School District]] |780 |- |10 | [[Nintendo of America]] |723 |- |}
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