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  You Are Here: Home: Business: Community & Economic Development : Economic Development

ECONOMIC DEVELOPMENT
 

In the News...

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» Current Projects

Interactive map of commercial, residential and City projects.
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. 


Demographic & Economic Information

DemographicsThe City has a variety of demographic and economic data that can assist a business in determining whether a market exists for that business in Bonney Lake. You can download the various reports below (PDF):  
If you’re thinking of opening a business in Bonney Lake, contact our City Administrator to be your guide to the City. 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
 
The City’s Economic Development Plan is an element of the Comprehensive Plan.

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 monthly Bonney Lake Reporter and weekly Mayor's reporter. 



Economic Activity around the City


City Areas MapMost 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, Justice & Municipal Center, Public Safety Building, 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 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 hte 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?

» Effective April 1, 2012, the Sales & Use Tax Rate for the City of Bonney Lake is 9.4%. 
 
» Effective October 1, 2012, the local Sales & Use Tax rate will be reduced to 8.8%, following the City's withdrawal from the Pierce Transit benefit area.

For general information on Sales and Use Taxes and rates, please see the Department of Revenue's website: http://dor.wa.gov/content/FindTaxesAndRates/ 


Where can I find a list of commercial space available for lease or purchase?

Retail and commercial vacancies in the City can be monitored at the following non-City websites:
¤  Bonney Lake Chamber of Commerce
¤  Loopnet Commercial Lease Search Engine
¤  Commercial Brokers Association Search Engine

For questions regarding potential permits and fees for new tenants, please contact the Permit Center. For questions regarding available space in City-owned facilities, please contact our Executive Assistant


Where can I find demographic information about Bonney Lake?

For current Census data, visit
www.census.gov 

17,730 - 2012 OFM Estimated Population
17,374 - 2010 Census Count

According to the 2010 Census, the population of Bonney Lake for 2010 was 17,374, a 79.4% increase over 2000, when the City's population was 9,687. 

The Washington State Office of Financial Management provides official population estimates that are used for state revenue allocation. Visit www.ofm.wa.gov/pop and view the April 1st Population list for updated estimates.

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.




South Sound Women’s Business Center


The mission of Community Capital Development’s Women’s Business Center’s 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 the South Sound Women's Business Center at http://sswbc.seattleccd.com.
 



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