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
Lakewood can help you grow!
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