Several companies in the high-tech industry are based in Redmond. The largest employer in the city by far is Microsoft Corporation, which moved its headquarters to Redmond in 1986. Other companies with headquarters in Redmond include Nintendo of America, Genie Industries, Physio-Control, Univar, Visible.net, WildTangent, Solstice and Data I/O.
In January 2015 SpaceX announced it was opening a facility in Redmond. Its focus will be R&D and manufacturing for a proposed internet communications satellite constellation.
Redmond Derby Days is an annual community festival held the second full weekend of July and celebrated its 75th anniversary in 2015. It began as a race around Lake Sammamish called the Redmond Bicycle Derby in 1939, and since then has become a multi-day event including a bicycle criterium, parade, entertainment stages, beer garden, local food offerings and activities. It also includes a carnival with rides and attractions and a fireworks display at dusk on Saturday.
Performing arts in Redmond include the Eastside Symphony and the Second Story Repertory theater company, as well as artists who play at the Redmond Performing Arts Center. Redmond has a collection of outdoor sculptures throughout its streets and parks, many of which are part of a rotating sculpture exhibition.
Redmond Lights is an annual community festival held the first Saturday of December. It features a special guest each year, a tree-lighting conducted by the mayor on city hall campus, a luminary walk on the Sammamish Trail and Redmond Central Connector with musical and light stations along the way to Redmond Town Center where there are many special attractions such as a carrousel, skating rink and food sampling.