Economic Development
Economic Development is a priority and area of focus for the city. The City Council has developed an outline of priorities, one of which is Economic Development. City staff has aligned resources and departments to coordinate workflow for delivery of projects around those priorities.

Lakewood is a major contributor to the regional, national, and global markets, supporting business sectors with everything from health care to financial services, retail to restaurant companies, and manufacturing to construction.

Powerful companies have set up shop here, such as Tower Industries Incorporated, a leader in the floor care industry; and East Penn Manufacturing, the world's largest and most modern independent battery manufacturer. Fort Lewis and McChord military bases have over five thousand military contractors and trained personnel. Lakewood is home to many businesses that provide military services, such as Tactical Tailor that produces specialty equipment and clothing for military personnel.

Lakewood is currently redeveloping a Pacific Highway corridor immediately adjacent to I-5 along US Hwy 99, approximately two and a half miles in length with five freeway exits.

The Lakewood Chamber of Commerce provides four hundred small businesses in the community numerous resources including market research and promotion, lobbying on the state and local level, and networking opportunities.

With projected job growth at nearly double the U.S. average, Lakewood is an excellent place to establish your business!

Downtown & Towne Center
Our beautiful and thriving downtown offers a great place for business, leisure, and community fun. In 2002, our Towne Center was remodeled and redeveloped, adding a New City Hall and a new flavor to the downtown area, with new streets, sidewalks, public art displays, and a small garden area. The walk-able shopping center in this area includes a mix of restaurants, grocery stores, and retail for residents to take advantage of.

Enjoy the beauty and architecture of downtown Lakewood, with numerous historic buildings and our small historical museum. Several exciting festivals and community events take place here annually, including SummerFEST, featuring great bands, musicians, and family activities.