The City of Mountlake Terrace, Washington

Economic Development

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 downtown revitalization, the city is implementing its Town Center Plan, with a vision of new stores, restaurants, retail, offices, and a large plaza in its downtown. Encouraging healthy economic development, yet enhancing its quality of life and concern for the environment, Mountlake Terrace adopted a Sustainability Strategy, Economic Vitality Strategy, and Transit Service Strategy.

The City of Mountlake Terrace has been able to go above basic services and expand our capital improvement and economic development programs so that we are well-positioned to accommodate redevelopment and revitalization opportunities in the community as the economy improves.

Mountlake Terrace has:

Available Class A office spaces
Below market commercial lease rates
No B&O taxes
Very competitive real-estate development fees
Economic incentives for land developers

Prime Location & Transportation
Located in south Snohomish County, just 13 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 over 900 vehicles and easy access to I-5. The new Mountlake Terrace Freeway Station provides express bus service from I-5. Sea-Tac International Airport is less than thirty miles away.

Excellent Schools & Educated Workforce
About one-quarter of the City's workforce hold 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.

Affordable Housing Options
Nine neighborhood parks and nature trails featuring birds and wildlife complement an affordable selection of quality housing, set in quiet, walkable neighborhoods. Every house is within a quarter mile of a bus stop. Seattle Magazine in 2008 rated Mountlake Terrace 2nd of 110 of Best Neighborhoods in the Seattle region for its affordability, low crime rate, abundant parks, short commute times, and high student test scores.

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 21,000, Mountlake Terrace has all the advantages of being located near large population centers while preserving a small town atmosphere, filled with community spirit.

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

For additional information, please email Dave Baron, Economic Development Director, or call (425) 744-6230.