Incentives
Office and Retail

• Washington State Job Skills Program
• Wired City Advantages
• Internet service providers do not pay B&O tax within the City of Tacoma
• City of Tacoma Business Loan Programs
• City of Tacoma B&O Tax credit for new job creation
• Tacoma's Neighborhood Business District Program

Industrial

• Washington State Sales and Use Tax Exemption on Machinery and Equipment
• Washington State Job Skills Program
• Wired City Advantages 
• City of Tacoma Business Loan Programs
• City of Tacoma B&O Tax credit for new job creation

Historic Building Rehabilitaton

• Federal Investment Tax Credit Program (20% federal income tax credit for rehab costs)
• City of Tacoma Financial Incentives for Historic Properties

Housing

• Eight- or 12-year Multi-Family Property Tax Abatement
• Affordable Housing Fund
• Permanent Rental Housing
• The Housing Trust Fund
• Washington Community Reinvestment Association
• Local Initiatives Support Corporation (LISC)
• The U.S. Department of Housing and Urban Development (HUD) provides numerous financial incentives to support multi-family housing development
• Federal Housing Administration

Renewal Community/Community Empowerment Zone

A selected geographic area within the City of Tacoma has been designated as both a Renewal Community by the Federal Goverment and a Community Empowement Zone by the State of Washington. Employers who locate within the RC/CEZ and meet certain hiring requirements may be eligible for tax credits as well as financing and contracting programs. Visit the Renewal Community website to find out if your business or the real estate you are looking at is located in the Tacoma RC/CEZ.

Federal Programs

• RC/CEZ Address Locator Service
• Private Activity Bonds
• Work Opportunity Tax Credit
• Welfare to Work Tax Credit
• HUB Zone Empowerment Contracting Program

State Programs

• Distressed Area Sales/Use Tax Deferral Program
• High Technology Sales/Use Tax Deferral
• Distressed Area Business & Occupation Tax Credit for New Employees
• High Technology Business and Occupation Tax Credit
• Manufacturers' Sales/Use Tax Exemption
• International Services Business and Occupation Tax Credit

For more information about these incentives, contact a member of Community and Economic Development's Private Capital Division.