MS establishes a development agreement with the city, including regulatory terms for the development and infrastructure. And, Microsoft commits up to $30 million for local transportation and infrastructure improvements.
Talk about shared visions, corporate/community commitment, and win win strategies. Regardless of your political leanings, do we all see a big problem with the people running our government in Philadelphia?
In Philly we all deserve better than what we are currently getting.
Ciao,
Craig
Microsoft plans to add 12,000 employees at Redmond campus
Wednesday, January 12th 2005Microsoft Corp. said it plans to expand its Redmond headquarters campus by about 2 million square feet over the next 10 to 20 years, making room for up to 12,000 additional employees.
Microsoft's headquarters already is one of the biggest corporate campuses in the world at 8 million square feet. The company (NASDAQ: MSFT) said the first new building included in the development plan filed with the city would be ready for occupancy by 2007.
The software maker now employs 28,000 workers in the Puget Sound region, compared to about 30,000 in other locations around the world. The company plans to hire up to 7,000 employees this fiscal year, about 3,000 locally.
"The fact that Microsoft intends to pursue a development agreement with the city indicates to us that it intends to grow in a planned and thoughtful way and that its commitment to Redmond is a strong one," Redmond Mayor Rosemary Ives said in a statement.
The development agreement doesn't outline specific building sites, but sets regulatory terms for the development and defines related enhancements to local highways and other infrastructure.
Microsoft said the agreement commits the company to up to $30 million for local transportation and infrastructure improvements.
The filing "reflects the spirit of collaboration between Microsoft and the city of Redmond and further underscores our commitment to the Puget Sound region and to Washington state," said Brad Smith, Microsoft senior vice president.
Microsoft moved its headquarters to Redmond in 1986, and has seen
the city's population increase by more than 30 percent to more than
46,000. During that time, the city's per-capita income increased by
more than 60 percent, and now exceeds $66,000, according to the 2000
census. More than 10 percent of Redmond's residents are Microsoft
employees, the company estimates.
