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Lynnwood Means Business

  Sound Transit Light Rail  Lynnwood Convention Center on 196th St SW  Alderwood Mall PSBJ 

Lynnwood has a diverse population and a rich history of steady growth and a strong entrepreneurial spirit.  Lynnwood is located where Interstates 5 and 405 intersect; serving a large, growing trade area and workforce.

Business Friendly

Lynnwood Development & Business Services offers a one-stop location for information, project review and permitting.  Lynnwood has a competitive tax structure and no B&O tax. 

Regional Growth Center

Lynnwood has been designated by the Puget Sound Regional Council as a the only Regional Growth Center on I-5 between Seattle North and Everett.  

Lynnwood City Center

Lynnwood's City Center, located within the Regional Growth Center, is intended to become a vibrant commercial center and appealing place to live, work and play.  There are a wide range of projects completed or underway in City Center intended to significantly upgrade the City's transportation network, add new public spaces and parks, build housing, improve cultural attractions, create a pedestrian-friendly environment, and enhance livability. 

Opportunity Zone

The City of Lynnwood has received an Opportunity Zone (OZ) designation for the south Lynnwood / City Center area (Census Tract 530610551400).  The OZ program, created by the 2017 Tax Cuts and Jobs Act, is intended to spur long term private investment in low-income communities by providing a tax incentive for investors to re-invest their unrealized capital gains into Opportunity Funds that are dedicated to investing into OZs.  More information on the Opportunity Zone program can be found using the links below.

Proposed IRS Opportunity Zone Regulations

IRS Opportunity Zone Frequently Asked Questions

Washington State Department of Commerce

Economic Innovation Group Opportunity Zones Map


Lynnwood's proximity offers easy, efficient transportation options, including multiple bus lines, major arterials and future light rail service.

Sound Transit's Lynnwood Link Extension, target for completion in mid-2024, will extend light rail service from Northgate to Lynnwood; connecting Lynnwood to the University of Washing, Capital Hill, downtown Seattle and the Eastside. 

Paine Field, eight miles north of Lynnwood, will provide  passenger air service beginning in 2018 with direct flights to San Francisco, San Jose, Los Angeles, Denver and other locations, with a total of 24 daily flights to 9 destinations.

Contact us at 425-670-5429 or econdev@LynnwoodWA.gov to learn more.