Becky Newton (253) 983-7738 • Fax (253) 983-7895 • BNewton@cityoflakewood.us
Economic Development Manager

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Why Lakewood?

Conveniently located halfway between Seattle and Olympia, Lakewood is the host community to Joint Base Lewis-McChord and Camp Murray. We are home to several beautiful lakes and wonderful historic treasures such as Fort Steilacoom Park, Lakewold Gardens and Thornewood Castle. Lakewood is an ideal place to shop or lodge while visiting local destinations like Mount Rainier or Chambers Bay.

Lakewood is just minutes away from Puget Sound and the Port of Tacoma and just a short drive to Sea-Tac International Airport . With great educational opportunities, a strong business district, and numerous recreational opportunities, Lakewood is a great place to locate!

Lakewood has No B&O Tax and No Traffic Impact Fees

Businesses in Lakewood profit from the absence of a local Business and Occupation (B&O) tax and traffic impact fees, which are imposed by many Washington cities. 

Business Licensing                                                                           Get Your Business on Google for FREE

A General Business License is just $60.

Permitting

Permit fees are at or below average for the region. All your permitting needs are handled through the Community Development Department.

Business Advantages and Incentives

  • Lakewood is conveniently located just south of Tacoma and halfway between Sea-Tac International Airport to the north and the city of Olympia to the south
  • Lakewood’s position at the junction of I-5, SR-512, and US Hwy 99 coupled with light rail access, make the City a major transportation hub for the lower Puget Sound region
  • FREE construction watch program for added security through our police department
  • Lakewood Industrial Park is located within foreign trade zone #86 operated by the Port of Tacoma
  • Direct Sounder commuter rail service from Lakewood to Seattle and connections to Everett
  • Diversified residential opportunities in Lakewood at affordable prices
  • Lakewood has invested over $36 million in Capital Improvements over the past 12 years. The primary focus has been on the City’s major corridors to help improve safety, traffic flow, aesthetics, and multi-modal access
  • Several beautiful parks, lakes, and open spaces
  • Resources to help businesses succeed including a FREE construction watch program through the Lakewood Police Department
  • EB5 Regional Center to encourage foreign direct investment.  Here's a map of EB5, New Market Tax Credits, and HUB Zone eligible areas.

Information Businesses Ask For: Business Assistance

Lakewood and Pierce County offer many opportunities for entrepreneurs or small businesses interested in starting or expanding operations. Economic Development can provide you with basic demographic and economic information about Lakewood and Pierce County. We also work closely with the Economic Development Board for Tacoma-Pierce County on business retention, expansion, and recruitment activities.

The Lakewood Chamber of Commerce provides 500 community businesses numerous resources including promotion, lobbying at the state and local levels and networking opportunities. They maintain a Community Events Calendar and can be reached at (253) 582-9400.

Doing Business/Starting a Business in Washington State

Access to resources

Small Business Administration (SBA) Business Startup Assistance.

Business Impact Northwest - Financing for startups

International Advantages and Regional Partners

  • Strategic location midway between Asia and Europe.
  • Puget Sound provides all-weather ports for ocean-going ships at the cities of Seattle, Tacoma, and Olympia.
  • More than $40 billion worth of goods travel through the Port of Tacoma and Port of Seattle every year. Closer to Asia than any other North American seaports, the ports of the Pacific Northwest are premier gateways for products to and from North America.
  • Businesses located in the Foreign Trade Zone in Lakewood that export and/or import benefit from reduced or eliminated customs duties

There are many organizations that promote and support international trade and improved international relations. Some of the key ones are listed below. Extensive additional listings may be found at the Trade Development Alliance of Greater Seattle website.

Lakewood Traffic Counts

Outside Utility Providers