Incentives and opportunities

The last thing your business needs is more red tape! Whatever you’re building, whether it's a real estate development or a new sushi restaurant, Lakewood, WA has the incentives and opportunities to help your business compete.

Mixed-use Development+

With buyers priced out by Seattle's soaring prices, real estate demand in South Puget Sound is booming. Lakewood envisions a mixed-use urban core to meet that demand.

  • A downtown plan centered on walkability, density, and amenities
  • Multi-family tax exemptions and Opportunity Zones

Dining, Retail & Entertainment+

Bring your unique retail, dining, or entertainment concept here, and get your piece of $9.2 billion in regional economic impact driven by the 4th largest military base in the world.

  • 2.85 million square feet of commercial space
  • 132,000 serviced by JBLM (the state's 2nd largest employer)
  • Pent up demand for unique retail and dining experiences

Light Industrial & Warehouse+

With easy access to I-5 and the Port of Tacoma and some of the largest industrial parks in the state, we can help you scale up your light industrial or warehousing operation fast.

  • No local B&O tax, no development impact fees
  • Foreign Trade Zone #86 administered by the Port of Tacoma
  • Approved EB5 Regional Center

Medical & Professional Offices+

The South Sound’s growing population is hungry for medical services, Class A office buildings, and great jobs that don’t require a long commute. And we have affordable but desirable land to build your next campus.

  • Tax incentives for building in Lakewood
  • Well-trained veterans ready for a second career
  • Lots of commuters who would love to work locally

Trending News

MFTE Incentives

Lakewood is a diverse, thriving city with a host of reasons for families to call it home. As an added bonus to business owners and investors, it is...

Foreign-Trade Zones

As we look at the many advantages of residing in the Puget Sound region, and more specifically, the perks of living and doing business in Lakewood,...

What Are Opportunity Zones and How Do They Work?

While every investment carries a unique combination of features, risks, and rewards, some offer an added layer of financial benefits and the abilit...

Affordable Suburbs of Seattle in 2021

When we think of Western Washington, so many good things come to mind: waterfront, evergreens, technology, outdoor adventure, and, of course, those...
Plan your Nearcation to Lakewood, WA