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 $14 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
  • Woodbrook Business Park
  • Lakewood Industrial Park

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

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