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, Lakewood 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 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
  • 7th most competitive City in the State for Business Broadband Connectivity
  • 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. 
Permitting

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

Business Licensing

A General Business License  is just $60.

Broadband 

Find Business Broadband Services .

Fostering New and Growing Businesses

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.

Local, State, and National Resources for Small Businesses
  • Washington Businesshub  is a resource for operating a business in Washington State. It includes resources for planning, starting, running, and growing your business. 
  • Business Impact NW  provides assistance to new small business start-ups with microloan financing, training, and coaching.
  • South Sound Washington Business Center (SSWBC) has been working to take businesses from start-up to success to significance. Let them work with you to grow an idea into a business or take it to the next level. SSWBC is part of Community Capital Development, a non-profit community development organization serving small business owners and provides the following services:
  • Washington Small Business Development Centers (SBDC) promotes economic vitality by providing advice, training and research to entrepreneurs and existing businesses statewide.
  • U.S. Small Business Administration  (SBA) offers programs that specifically support the needs of small business, such as loan assistance, equity financing, surety bonding, and financing to assist with acquisition, operation or expansion.
  • Start or update your online presence. Update how your business address, phone number, and hours appear on Google using Google My Business .

 

Utility Providers in Lakewood

Cable and Internet
Power and Light

‚ÄčElectrical Providers Boundaries

Water and Waste Water
Refuse and Recycling

 

International Advantages and Regional Partners

  • Strategic location midway between Asia and Europe.
  • 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.
  • Puget Sound provides all-weather ports for ocean-going ships at the cities of Seattle, Tacoma, and Olympia.
  • Businesses located in the Foreign Trade Zone  in Lakewood that export and/or import benefit from reduced or eliminated customs duties.
  • EB5 and Foreign Direct Investment in Lakewood

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.