Invest with Us

Development Strategy

Invest with Us!

The City's economic development policy is to align public investments in neighborhood planning, community development and infrastructure development with private sector investments, resulting in increased opportunities for business growth and to provide its citizens with safe, affordable and quality residential living environments. The Public's investments includes incentives for the private sector as well as public investments.

What We Do

Help align public investments in:

  • neighborhood planning,
  • community development, and
  • infrastructure development with private sector investments

Grow new and expand business activity within the City:

  • spurring additional economic growth,
  • providing living wage jobs,
  • improving neighborhoods,
  • enhancing the standard of living of all citizens; and,

Facilitate the investment of public resources:

  • achieving the outcomes within the public interest in a predictable, transparent, and accountable manner

How We Do It

Target Investment Area

The Target Investment Area was chosen by looking at four main criteria: community opportunity and support, what the city has done or hopes to do in areas of infrastructure and capital investments, incentives available, and how much continued resources and staff support would be needed. This approach allows us to tailor incentives to each.

Public Development Authorities (PDAs)
Tax Increment Financing Districts

The City has created the West Quadrant Tax Increment Financing District to assist in prioritizing neighborhood public improvements on the North Bank of the Spokane River.

Business Improvement Districts (BIDs)

The City has worked with community partners to create BIDS which fund a variety of programs and services. The BID collects an annual assessment from business and property owners within the district to provide funding for these programs and services.

  • Downtown BID
  • East Sprague BID
Incentives

The City has created multiple local investment incentives to assist your project– for more information visit our Incentives page.

City's Comprehensive Plan

The city's role in economic development involves providing public sector advocacy and investment in support of quality job creation and retention, diversification, and wage levels. The city's Comprehensive Plan lays the foundation for economic development.


Contact Information

Planning & Economic Development Department
Economic Development Team
509.625.6500
incentives@spokanecity.org