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List of incentives available in this location for quick easy reference below.

Incentives

Table key

  • Incentive offered
  • Incentive not offered
  • Did not submit information
Cash grants/incentivesMore [+]Less [-]
  • Incentives vary by industry and region, with an emphasis on the aerospace, clean technology, and Information Communication Technology (ICT) sectors.
Tax exemptionsMore [+]Less [-]
  • Washington’s incentive program is based on exemptions and reductions to the Business and Occupation tax reductions and the sales and use.
  • Specific industry targets, such as Aerospace, Life Sciences, Information Communication Technology (ICT), and Clean Technology may be subject to a lower B&O Tax. All manufacturing operations are exempt from sales and use taxes, and companies can be exempt from sales/use tax on construction of new facilities in certain regions of the state.
Property assistance / other fiscal incentiveMore [+]Less [-]
  • Community Economic Revitalization Board (CERB) is Washington's strategic economic development resource, focused on creating and retaining jobs in partnership with local government. CERB finances public infrastructure to encourage new development and expansion in targeted areas.
  • Industrial Revenue Bonds provide financing for land, building and equipment for new and expanding manufacturing facilities. Tax exempt bonds may be applied for by the manufacturer, processing company or wholesale distribution center.
Training and labor market assistanceMore [+]Less [-]
  • Job Skills Program (JSP).
  • Customized Training Program (CTP).
  • Washington WorkFirst.
  • The WorkSource Centers can help investors find the right employees and can also assist with training.
  • Centers of Excellence are also a key resource in hiring and training. Each center focuses on a targeted industry that drives the state's economy and is built upon a reputation for fast, flexible, quality education and training programs There are a total of 11 centers, ranging from aerospace and advanced materials manufacturing to agriculture.
Loan guarantees, cheap loans or financeMore [+]Less [-]
  • Brownfields Revolving Loan Fund (BRLF).
  • The Rural Washington Loan Fund (RWLF).
  • The Forest Products Revolving Loan Fund.
  • The Coastal Revolving Loan Fund/Technical Assistance Loan Fund.
  • Community Development Block Grants (CDBG) Float Loans.
Exemptions from regulations
Target sectorsMore [+]Less [-]
  1. Aerospace
  2. Clean Technology
  3. Information and Communication Technology
Sectors specific incentivesMore [+]Less [-]

Aerospace

  • Reduced B&O Tax Rate for Aerospace Businesses.
  • B&O Credit for Preproduction Development Expenditures.
  • B&O Credit for Property/Leasehold Taxes paid on Aerospace Manufacturing Facilities.
  • Sales & Use Tax Exemption for Aerospace Manufacturers for Computer Hardware/Software/Peripherals

Clean Tech

  • Solar Energy System and Components of Solar Energy Systems Manufacturers – Reduced B&O Tax Rate.
  • Machinery & Equipment Used to Generate Electricity Using Renewable Energy - Sales/Use Tax Exemption.
  • Solar Hot Water Equipment – Sales/Use Tax Exemption.
  • Hog Fuel and Forest-Derived Biomass – B&O Tax Credit and Sales/Use Tax Exemption.
  • Waste Vegetable Oil – Sales/Use Tax Exemption and Special Fuel Tax Exemption on Purchases for Personal Use.
  • Reduced B&O Tax Rate for Manufacturing E85 Motor Fuel and Wood Biomass Fuel.
  • Property/Leasehold Tax Exemption for Manufacturers of Biodiesel/Alcohol Fuel, etc.
  • Sales/Use Tax Exemption for Machinery/Equipment, Delivery Vehicles & Construction of Facilities for Retail Sales of Biofuels.

ICT

  • High Technology B&O Credit for R&D Spending.
  • High Technology Sales & Use Tax Deferral/Waiver.
  • Biotechnology & medical device manufacturing sales & use tax deferral/waiver.

Sponsorship

If you are the authorised promotions agency for Washington and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.