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ECONOMIC DEVELOPMENT
General Information
The Executive Department, in cooperation with the Department of Planning and Community Development, 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 and let him 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 news about the City of Bonney Lake in general, check out our City newsletter, Bonney Lake Reporter.
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 Meyers Road to East Main Street (formally 184th). 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
Midtown
Midtown is generally described as that area along SR 410 from East 192nd to East 202nd. Midtown is developed on both the north and south sides of SR 410. Midtown is currently anchored on the north by Wal-Mart, and Office Depot. Albertson’s grocery is the largest business on the Southeastern boarder of Midtown. The north side of Midtown is anchored by Target.
Eastown
Eastown is generally described as that area along SR 410 from East 208th to East 234th. Eastown is generally developed from 208th to 214th. The major commercial activity in this section of Eastown currently includes Fred Meyers, Safeway, and Regal Theatres. 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 developed an Eastown plan to determine how to best complete the Eastown infrastructure, including sewer and road circulation. Sewer and water service is being added in 2007. The plan calls for a frontage road system to be developed to achieve the highest and best use of the property.
Frequently Asked Questions
Does the City of Bonney Lake have a B&O tax?
No.
Is there a list of commercial space available?
The City works closely with the Chamber of Commerce and local commercial property managers to monitor retail and commercial vacancies and actively works to recruit tenants that are in line with community needs. For help locating available space (including those not represented by realtors), contact our Executive Assistant.
Where can I get demographic information about Bonney Lake?
Download the City’s Economic Profile (1.14M). This 16 page profile contains a variety of economic and census data. You can also download a brief 2 page Community Profile (66K).
What's happening in economic development at the regional level?
For information on regional economic development priorities, see the website for Prosperity Partnership.
South Sound Women’s Business Center
Community Capital Development’s Women’s Business Center’s mission is “to provide technical training and counseling to women and minority business owners to enable them to acquire the skills they need to make their business grow and thrive financially.”
The Women’s Business Center has locations all across Washington. They can provide technical and educational assistance for qualified applicants. Aid can also be provided through education and training programs; these programs can provide business owners with the knowledge necessary to maintain a successful and financially stable business.
Technical Assistance is also offered through the Women’s Business Center. Counselors aid in such things as analyzing new business and marketing plans, financial management, and loan application preparation. Through their one on one training techniques and financial assistance, the Women’s Business Center believes they can help boost Washington State’s economic climate. For more information visit their website at www.seattleccd.com
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