COMMUNITY ECONOMIC REVITALIZATION BOARD (CERB):CERB is Washington’s strategic economic development resource, focused on creating and retaining jobs in partnership with local government. CERB finances public infrastructure to encourage new business development and expansion that result in the creation, retention, or expansion of jobs.WASHINGTON ECONOMIC DEVELOPMENT FINANCE AUTHORITY (WEDFA):
WEDFA provides below-market rate financing, through the issuance of tax-exempt bonds, to credit-worthy small manufacturing and processing companies. The financing is limited to a maximum of $10 million per project.
For more detailed information on these tax incentives visit the Washington State Department of Revenue.MANUFACTURING SALES & USE TAX INCENTIVE:
Sales and use tax does not apply to: Sales to a manufacturer or processor for hire of machinery and equipment used directly in a manufacturing operation or research and development operation; sales to a person engaged in testing for a manufacturer or processor for hire of machinery and equipment used directly in a testing operation; sales of or charges made for labor and services rendered in respect to installing, repairing, cleaning, altering, or improving the qualifying machinery and equipment; charges for repair parts for qualifying machinery and equipment if the parts have a useful life of at least one year.RURAL COUNTY B&O TAX CREDIT FOR NEW EMPLOYEES:
Provides a $2,000 credit for each new qualified employment position with annual wages and benefits of $40,000 or less; or a credit of $4,000 for each new employment position with wages and benefits of more than $40,000 annually. The business must be a manufacturing, research and development, or computer related service business (excluding light and power business).
REDUCED B&O TAX RATE FOR AEROSPACE BUSINESSES
Manufacturers and processors for hire of commercial airplanes or component parts of commercial airplanes, non-manufacturers engaged in the business of aerospace product development, certified FAR repair stations making retail sales, and aerospace tooling manufacturers.
FOOD MANUFACTURING B&O TAX EXEMPTION – QUALIFYING ACTIVITIES
Fresh Fruit & Vegetables
Manufacturing fresh fruits or vegetables by canning, preserving, freezing, processing, or dehydrating fresh fruits or vegetables; or selling at wholesale fruits or vegetables manufactured by the seller when sold to purchasers who transport the goods out of this state.
Manufacturing seafood products that remain in a raw, raw frozen, or raw salted state at the completion of the manufacturing by that person; and selling at retail or wholesale seafood products manufactured by the seller that remain in a raw, raw frozen, or raw salted state to purchasers who transport the goods out of this state.
Manufacturing dairy products; and selling at retail or wholesale dairy products manufactured by the seller to purchasers who the goods out of this state. Effective October 1, 2013, wholesale sales by dairy product manufacturer to a customer who uses such dairy products as an ingredient or component in the manufacturing of another dairy product in Washington.
Expansion & Relocation
The Port of Moses Lake partners with local government bodies and organizations like Grant County and the Grant County Economic Development Council to assist businesses in finding ideal sites. Members from this community partnership are excited to meet with businesses to discuss the area business climate, and incentive programs, liaison with state agencies, and coordinate visits.
Grant County Economic Development Council
The Grant County Economic Development Council (GCEDC) provides support to businesses interested in relocating or expanding to Grant County, including sites at the Port of Moses Lake. Please contact the GCEDC to learn more about available sites, the relocation process and the Grant County business environment.