|
ECONOMIC DEVELOPMENT
The Executive Department, in cooperation with the Community Development Department, coordinates the Economic Development activities of the City to strengthen the Bonney Lake economy, create a more business-friendly environment, and add commercial amenities for residents and visitors to enjoy. If you’re thinking of opening a business in Bonney Lake, contact our Executive Assistant to be your guide at City Hall.
Available City Economic Development services include:
¤ Building and site selection assistance
¤ Business recruitment & retention strategies
¤ Interdepartmental coordination and follow-up on questions or concerns
¤ Public relations regarding business and economic development issues
For information on City purchasing procedures, bids and small works contracts, see Doing Business with the City.
To view current developments and City projects, view our Current Projects page and interactive map.
For news about the City of Bonney Lake in general, view or sign up to receive City newsletters, such as the Bonney Lake Reporter.
Economic Activity around the City
 Most of the economic activity in Bonney Lake is located along the State Route 410 corridor. For discussion and planning purposes, the City has divided the commercial sector of the City into three (3) major activity areas: Downtown, Midtown, and Eastown. Downtown is occasionally referred to as Old Town, as it was the initial commercial center developed in the City.
Downtown
Downtown is generally described as that area along SR 410 from from the western edge of the City at Meyers Road to Fennel Creek past Main St E (formally 184th Ave E). Downtown is the original commercial center of the City and serves as the western gateway to the present day City limits. A downtown redevelopment concept plan was prepared for the area in 2001, entitled the “Strategic Commercial District Plan”. It was updated in 2007. The Downtown area serves as a civic center of the city, with the existing park and ride lot, post office, public safety building, city hall annex and library as anchors. It was envisioned that a new city hall and/or community center will also be built in Downtown to further solidify it as the civic center of the City. The principal business anchor on the north side of SR410 in the Downtown area is the Grocery Outlet. The south side is anchored by the Rainier Office Building.
Learn about and download the Downtown Plan by visiting our Downtown Plan page.
MidtownMidtown is generally described as that area along SR 410 from Fennel Creek (192nd Ave E) to 214th Ave E. Midtown is developed on both the north and south sides of SR 410, and includes several retail stores including Wal-Mart, Office Depot, Albertson’s, Target, Safeway, Fred Meyer and Regal Cinemas. Midtown also includes the 149-acre area known as the WSU Forest, a portion of which was deeded to the City in 2010. For information on the City's portion of the forest and other projects, view the Current Projects page.
Eastown
Eastown is generally described as that area along SR 410 from 214th Ave E to 234th Ave E. Eastown is generally developed at its western edge. The City’s most significant commercial development opportunity lies in the portion of Eastown running along SR 410 from East 214th to East 234th. However, sewer service has not been extended to much of this section of Eastown.
In 2005 the City of Bonney Lake incorporated an Eastown Subarea Plan with the City's Comprehensive Plan to determine how to best complete the Eastown infrastructure, including sewer and road circulation. The plan calls for a frontage road system to be developed to achieve the highest and best use of the property. Learn more about and download the Eastown Subarea Plan by visiting our Eastown Plan page.
Frequently Asked Questions
Does the City of Bonney Lake have a Business & Occupation Tax? No, there is no B&O Tax in Bonney Lake.
What is the Sales Tax Rate in the City of Bonney Lake?
As of April 1, 2012, the Sales & Use Tax Rate for the City of Bonney Lake is 9.4%.
For general information on Sales and Use Taxes and rates, please see the Department of Revenue's website: http://dor.wa.gov/content/FindTaxesAndRates/
2012 Increase: Effective April 1, 2012 local sales and use tax within all of Pierce County increased one-tenth of one percent (.001) to fund emergency communication systems and facilities. View the Department of Revenue Notice of Local Sales Tax Change for details.
Where can I find a list of commercial space available for lease or purchase?
Where can I find demographic information about Bonney Lake?
For current Census data, visit www.census.gov
According to the 2010 Census data, the population of Bonney Lake is 17,374. This is a 79.4% increase over 2000, when the City's population was 9,687.
View the Community & Economic Profile (PDF, 140 K) for demographic and economic information, neighborhoods and services, and employment data for the City. This profile is part of the City's Biennial Budget document, which is available to view online at the Finance Department page.
What's happening in economic development at the regional level?
For information on regional economic development priorities in the Puget Sound region, please visit the Prosperity Partnership website: www.prosperitypartnership.org.
|
Notable Web