Auburn's Business Incentives at a Glance
Auburn offers a suite of business incentives, making it a prime location for new businesses and developers. Auburn's incentives, dedicated support, and streamlined processes make it an ideal place to bring your project to life. Our Office of Economic Development is here to guide you from planning to occupancy. Here's what you can expect:
Business Resources
Fast-Track Permitting and Early Review
- One-Stop Permit Center: Our team works with your timeline from your first interaction, aiming for project completion as soon as possible. Our Early Site Review and Pre-Application meetings streamline the approval process, minimizing costly errors. Over the past three years, 51% have been approved after the first review. Most approved within 46 days or fewer!
- Comprehensive Environmental Impact Review: Auburn's Urban Core has completed an Environmental Impact Review, which significantly reduces project approval timelines by only requiring compliance checks.
Tax Exemptions and Fee Deferrals
- Multi-Family Tax Exemption: Get 8-year tax exemptions on new or rehabilitated multi-family housing units in downtown Auburn or extend it to 12 years for affordable housing units.
- Impact and System Development Fee Deferral: Defer fees until project occupancy, easing financial burdens during construction.
- Construction Sales Tax Refund: In specific land use zones, you can receive refunds on sales tax for construction materials and services, up to $100,000 or 20% of the tax paid.
Downtown Urban Center (DUC) Development Incentives
- Downtown Zoning & Design Standards: Auburn's streamlined DUC Zoning and Design Standards support smooth project planning with no Design Review Board required.
- Store Front Improvement and Art Programs: Enhance your storefront with city-funded facade improvements or partner with local artists to create visual appeal in vacant retail spaces.
Utility Cost Reductions
- System Development Charges (SDC) and Utility Adjustments: Customize water service and meter sizes to save on upfront SDCs and ongoing utility costs.
- Stormwater Discharge Reductions: Use eco-friendly, low-impact development techniques to reduce stormwater costs, preserve green space, and enhance the development's aesthetics.
Workforce and Business Support
- Training Programs: Our team connects you with tailored workforce training and business development programs.
- Business Introductions: We facilitate connections with Auburn's extensive network—from material suppliers to educational institutions—to support your business's unique needs.
- Networking Events: Connect with business owners and operators at monthly events hosted by two of our Auburn-based non-profits, Business Connect and Mix n Mingle.
2025 Lodging Tax Grant Fund Application
The objective of the City of Auburn Lodging Tax Advisory Committee process is to support projects, which encourage eligible tourism and cultural activities and support tourism facilities in Auburn. The process is reviewed annually and the guidelines are updated in accordance with reported success of existing programs, potential for new programs, and changes in state law. A calendar for the application process will be established but will allow for emerging opportunities as they arise.
Small Business Banking Services
![]() | Heritage Bank 1001 D St NE, Auburn, WA 98002 253-288-2101 Services Offered: Heritage Bank offers a variety of services for small businesses, including SBA loans in coordination with their Tacoma based SBA loan officer. Other offerings include term loans, machinery and equipment loans, and business lines of credit. |
![]() | Columbia Bank (formerly Umpqua Bank) 4101 A Street SE, Auburn WA 98002 253-939-9800 or 253-939-9600 Services Offered: Umpqua Bank provides SBA loans, as well as meeting many other business banking needs. This includes business credit cards, other loans, and cash management assistance. |
![]() | US Bank 401 15th St NE, Auburn, WA 98002 253-939-7000 Services Offered: US Bank offers SBA loans, as well as a variety of other business banking options. These include savings accounts and other loans. Business banking is handled outside of Auburn. |
![]() | Key Bank 1 East Main St STE 190, Auburn, WA 98002 253-833-8622 Services Offered: Key Bank offers businesses a range of services, including business checking and savings accounts and cash management services. |
![]() | Timberland Bank 202 Auburn Way S, 98002 253-804-6177 Services Offered: Timberland Bank offers businesses a variety of services, including checking accounts that can include an automatic sweep feature to move money to savings to provide customers with a higher interest rate. |
![]() | Wells Fargo 101 Auburn Way N, Auburn WA, 98002 & 1408 Lake Tapps Pkwy SE STE 101, Auburn WA 98092 253-833-0190 & 253-258-3319 Services Offered: Wells Fargo offers business services including cashier’s checks, check cashing, money orders, new account openings, notary services, safe deposit boxes, and 24/7 envelope-free ATMs with digital wallet access and multilingual support. |
![]() | Commencement Bank 220 15th St NE, Auburn WA, 98002 253-246-2080 Services Offered: Commencement Bank provides a range of business banking services, including business loans and checking and savings accounts. |
![]() | WAFD Bank 206 A St SE, Auburn WA, 98002 253-804-8410 Services Offered: WaFD offers a variety of business banking options, including business loans, accounting automation, and small business lines of credit. |
![]() | JP Morgan Chase 24 A St SE, Auburn WA, 98002 & 6950 Lakeland Hills Way, Auburn WA, 98092 253-833-8700 & 253-833-8455 Services Offered: Chase Bank provides business checking and savings accounts, credit cards, loans and lines of credit, merchant payment solutions, and retirement savings options. |
![]() | Red Canoe 1620 Lake Tapps PKWY SE Suite 101, Auburn WA 98092 800-562-5611 Services Offered: Red Canoe Credit Union offers business checking accounts (with bill pay and mobile banking), business loans, business credit cards, cash‑management services including ACH and remote deposit capture, and credit‑card and payroll processing through a TMC partnership. |
![]() | Sound Credit Union 1202 Outlet Collection Way Ste 107, Auburn WA 98001 800-562-8130 Services Offered: Offers a variety of business services out of the Auburn location, including new business account opening and deposits. |