The Innovation Triangle is a partnership of Bellevue-Redmond-Kirkland that is focused on inviting technology and innovation-intensive businesses to experiment, develop and prosper in our Eastside communities.
The basis of the partnership is the mutual appreciation that all cities will benefit when a technology company locates in any one of them. While one city might benefit from additional employment, the others will likely realize benefits when these new employees purchase housing and other goods and services in the nearby cities. Also, there is an acknowledgement that a more far-reaching and attractive brand can be obtained when the three cities work together as a sub-regional economic development initiative.
The Information & Communications Technology (ICT) sector is the fastest growing business sector in the region. In King County alone there are 130,000 jobs attributed to this sector with incomes averaging $124,300 with revenues estimated at $36.9 billion. Source: Economic Development Council Seattle & King County (2013).
The Innovation Triangle has many attributes to recommend it including a talent pool that is unmatched anywhere in the U.S.
- 62% of adults with bachelor’s degrees and above
- 30% of residents born outside of U.S.
- 54,600 software publishing workers
- 99,100 ICT workers
In 2013 the Innovation Triangle output was $48 billion, making it one of the most dynamic regional economies in the country. Regional partners that are themselves global household words, and convenient flight options to new partners and customers in Europe and Asia, add to the attraction of the Innovation Triangle. Other attributes such as quality of life, a renowned work/life balance, and surrounding natural beauty make the Innovation Triangle a region that is one of the world’s best places to start and grown a business.
An Award-Winning Partnership
The Innovation Triangle Partnership won a public sector award for the groundbreaking business recruitment alliance at the 45th Annual Economic Forecast Conference in Seattle on January 12, 2017. Councilmember Penny Sweet represented the City of Kirkland and was joined by Bellevue Mayor John Stokes and Councilmember Angela Birney, representing Redmond. Approximately 800 people, including Governor Jay Inslee, were in attendance at the luncheon program where the Innovation Triangle was honored.
The Innovation Triangle partnership will again participate in the SelectUSA Investment Summit, a high profile event that promotes direct investment by countries outside of the U.S. by bringing together global companies, economic development organizations, and others working to facilitate investment in the U.S. In 2016 and 2017, the partnership met with over 20 businesses that were selected because of their ICT attributes and interest in a presence in our region.
Innovation Triangle Immersion Tour
In October 2016, the Innovation Triangle hosted 20 prospective businesses on a tour of the Eastside. Participating businesses hailed from the UK, China, Canada, Spain and Finland. Microsoft, iSoftstone, Puget Sound Energy, Talon, INRIX, Digipen, Lake Washington Institute of Technology and many other businesses participated along with the Mayors of Bellevue, Kirkland and Redmond in showcasing business, education, real estate and energy opportunities that the Eastside offers. One of the highlights of the tour was a visit to the IMMERSE Technology Summit in Bellevue where attendees received a preview of cutting edge work on virtual, augmented and mixed reality.