Business Incentives
There are over 50 tax incentive programs available for businesses in Washington. They exist to encourage the creation and preservation of family-wage jobs, especially in areas with high unemployment.
For administrative simplicity, the incentive programs are distinguished as deferrals, exemptions or credits.
Both new and existing manufacturers, research and development firms, and certain high technology companies can benefit from these programs.
Industrial sectors eligible for the majority of the incentive programs include general manufacturing, high technology/R&D, aerospace, food processing, biofuels, semiconductors, farming and agriculture, and renewable energy. Other available incentives are tightly focused on highly specialized activities.
Incentives include:
- General Manufacturing
- Rural County/Community Empowerment Zone (CEZ) Incentives
- High Technology Industry
- Aerospace Industry
- Food Manufacturing Industry
- Biofuel Industry
- Semiconductor Industry
- Renewable Energy/Green Incentives
- Warehouse Incentive Programs
Washington State incentives can reduce the tax burden for locating or expanding a business. For more information on how Washington State incentives can benefit your company please contact Traci Jao, Project Manager.