Business Opportunities

Lynnwood is committed to fostering a thriving business community and providing the resources you need to succeed. Whether you are searching for the perfect commercial space, exploring our competitive business loans, or navigating Washington's legal requirements, our team is here to help. We offer a robust network of partnerships and service providers to support your business endeavors. No matter your industry or stage of growth, the economic development team is ready to assist with tailored guidance and support. 

Need Space For Your Business?

Do you need help finding available space for your business in Lynnwood? Fill out this form and provide information of the type of space you are looking for and someone from our team can research available properties. 

Locate a Commercial Space

Business Programs and Incentives

Real and Personal Property Tax Rate:

  • $8.21 per $1,000 of assessed value at 100% of market value

Detailed property tax information is available through the Snohomish County Assessor.

Retail Sales and Use Tax:

The Sales and Use Tax is Washington’s principal revenue source. It is comprised of a state component at 6.5% and an additional local tax. The City of Lynnwood total sales tax rate is 10.6%. Businesses making retail sales in Washington collect sales tax from their customer. A retail sale is the sale of tangible personal property. It is also the sale of services such as installation, repair, cleaning, altering, improving, construction, and decorating. Major exemptions to the sales tax include purchases for resale, groceries and prescription drugs, interstate and foreign sales, and manufacturing/processing equipment. The Use Tax is applied on taxable items purchased in another state and brought to Washington if that state did not collect sales tax. Use Tax rates are the same as Sales Tax. Detailed information on the Sales and Use Tax can be found through the Washington State Department of Revenue.

Partnership and Networking:

Lynnwood is fortunate to have many partners to help your business grow and succeed. Find a list of resources and partners that can help your business here.

Questions? Contact our Economic Development team at econdev@lynnwoodwa.gov or 425-670-5400. 

 

 

 

 

 

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