U.S. News & World Report ranks Washington the No. 1 state to start a business in.  See their January 2009 report here.  And the Tax Foundation, a nonpartisan non-profit educational organization, rates Washington among the top 10 best business tax climates in the nation.  See their report here.

Washington State and Snohomish County support this vibrant area’s ongoing economic development. Companies locating to the city of Everett have access to a variety of business incentives, from industry-specific tax breaks to location-based tax deferrals.

Available programs include (but are not limited to):
• New jobs tax credit of up to $500,000 for the creation of at least 50 new jobs (see link to PDF below for the entire ordinance)
• Biotechnology and medical device manufacturing sales and use tax deferrals
• Machinery and equipment (M & E) sales and use tax exemptions
• High technology business and occupation (B & O) credits for R&D spending
• Reduced B & O rate for solar energy system manufacturers
• Reduced B & O rate for aerospace companies
• Multi-family housing property tax exemption

Here’s one more thing to think about. When you’re considering communities in which to locate or expand your business, sometimes what a city doesn’t have is as compelling as what it does. The city of Everett practices a progressive, business-friendly tax policy.

As a city of Everett resident and/or business owner,
you won’t pay:
 • Corporate state income tax
 • Unitary tax
 • Inventory tax
 • Personal state income tax
 • State tax on interest, dividends or capital gains

For detailed information about the tax system in Washington State for businesses or individuals, contact the Washington State Department of Revenue at 800-647-7706 (in-state) or 800-233-6349 (out-of-state). For a complete listing of Washington State tax incentives please go to our related links.