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.

• 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 & 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.

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.

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 and festivals.

For additional information, please contact Community and Economic Development Director Steve Osguthorpe via his assistant, Mitchelle, at 425-744-6207.
"With its proximity to Seattle, Interstate 5 and a Transit Center with a future light rail station connecting to SeaTac International Airport, Mountlake Terrace provides urban center access with suburban center costs.”

John A. Monroe, Chief Operations Officer
Economic Alliance of Snohomish County
Exterior of building.