Washington has no corporate or personal income tax and Forbes ranks the state as the 9th Best State for Business. The cost of doing business in Spokane is 18 percent below the national average. Check out the list of incentives below and information on Opportunity Zones. If you need assistance with additional information on incentives, please contact us and we’ll help answer questions.
Washington State offers incentives ranging from training to tax exemptions and deferrals.
Spokane’s FTZ No. 224 is a General Purpose Zone that contains over 5,300 designated acres at the Spokane International Airport’s port of entry, with additional sites at the Spokane Airport Business Park and Inland Empire Distribution Systems, located in the City of Spokane Valley. Foreign or domestic merchandise may enter this zone without a formal customs entry, payment of custom duties or government excise taxes.
Greater Spokane Inc. and our municipal partners throughout Spokane County submitted applications to designate a number of Spokane County low-income census tracts as Opportunity Zones. Opportunity Zones were created in The Tax Cuts and Jobs Act of 2017 to spur job creation and business development throughout the U.S.
The Targeted Area Development strategy brings alignment with capital infrastructure plans, community development, neighborhood planning and incentives policies, and brownfield redevelopment. Targeted areas include: The YARD, West Plains/Spokane International Airport, Downtown, North Bank/Kendall Yards, University District, and East Sprague. View a PDF of the Targeted Area Development program.
The HUB program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities.
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The Historic Preservation incentive is a government-sponsored incentive that is available to owners of designated historic properties in the City of Spokane and greater Spokane County.
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