Economic Development

Strategically Positioned for Growth
Mountlake Terrace is centrally located in the Puget Sound region with an economy supported by powerful companies such as Boeing, Microsoft, Starbucks, Amazon, and Premera Blue Cross. Working toward a revitalization of its downtown area, the city is implementing its Town Center Plan. A large plaza in its downtown core, new stores, restaurants, retail, offices and work/live developments envelop this vision. Encouraging healthy economic growth, while enhancing quality of life and concern for the environment, Mountlake Terrace adopted a Sustainability Strategy, Economic Vitality Element, and Transit Service Strategy. The city well-positioned and able to accommodate redevelopment and revitalization opportunities in the community.

Incentives

• Available Class A office spaces
• Below market commercial lease rates
• No Business and Occupation taxes
• Competitive real estate development fees
• Economic incentives for land developers
• Town Center Regional Stormwater Facility

Prime Location & Transportation
Located in south Snohomish County, just 14 miles north of downtown Seattle, Mountlake Terrace is a city on the move. Adjacent to major transportation corridors, I-5 and nearby I-405, Mountlake Terrace provides convenient access to Seattle, Everett and Bellevue. The new Mountlake Terrace Transit Center provides parking for about 900 vehicles and easy access to I-5. The Mountlake Terrace Freeway Station provides express bus service from I-5 between Seattle and Everett. Sea-Tac International Airport is less than 30 miles away.

Excellent Schools & An Educated Workforce
About one-quarter of the City's workforce holds a Bachelor's Degree or higher. As part of the Edmonds School District, Mountlake Terrace schools provide a balance of quality education, sports programs, and cultural arts. Nationally recognized public schools combined with nearby institutions of higher learning benefit the community.

High Quality of Life
Featuring towering evergreens and spectacular mountain views, Mountlake Terrace is known for its quiet, walkable neighborhoods, beautiful parks, recreational and cultural opportunities and first class schools. Supported by a friendly, diverse population of about 22,000, Mountlake Terrace has all the advantages of being located near large population centers, while preserving a small town atmosphere filled with community spirit.

Recreation & Parks
Mountlake Terrace boasts over 260 acres of parks, play fields, trails, a golf course, and recreational facilities, including an award-winning indoor leisure pool. Residents love beautiful Lake Ballinger for fishing, boating, beach play and picnicking. Evergreen Play Field Complex hosts a variety of activities including baseball, softball, soccer, tennis and festivals