Clark County offers a nimble business environment in one of the most cost-competitive Communities on the West Coast; providing an ample supply of development-ready land, competitive lease rates, abundant clear water and some of the lowest utility rates in the U.S.
Washington, unlike many states, does not have a personal or corporate income tax. Washington does have a Business and Occupation (B&O) tax that is calculated on the gross income from activities. This means there are no deductions from the B&O tax for labor, materials, taxes, or other costs of doing business. Washington offers a range of business tax incentives and benefits to help your business flourish.
STATE BUSINESS INCENTIVES
Sales & Use Tax Exemption for Machinery & Equipment Employment Training B&O Tax Credit
Main Street Tax Credit
Renewable Energy Tax Exemption
Commercial & Industrial Lighting Incentive Program
Natural Gas Equipment Incentive
Commute Trip Reduction Program
On the Job Training (OJT) Program
Incumbent Worker Training Program
Clark Public Utilities Custom Projects Incentive
BUSINESS TAX SUMMARY
No Corporate or Personal Income Tax
State Business & Occupation (B&O) Tax ranges from 0.13%-1.5%
State & Local Combined Retail Sales Tax is 8.5%
Unemployment Insurance Tax averages 1.43% on the first $67,000 in wages
Worker’s Compensation averages $0.65 per hour
Tax exemptions available for Manufacturing, Food Processing, and Distribution
– Tax Foundation, 2022
Electrical Power
Clark Public Utilities is the primary electric power supplier in Clark County, offering some of the lowest power prices in the U.S. JD Power and Associates ranked Clark Public Utilities as #1 in customer satisfaction among mid-sized electrical utilities in the West, fifteen years running.
Water & Sewer
Water and sewer services are provided by cities within all incorporated areas and some unincorporated areas of Clark County. Cost estimates and comparison can be compiled on specific sites upon request.
Natural Gas
Natural Gas service is provided by both NW Natural and Cascade. Natural Gas in Clark County, with current rates at historic lows.
Communications
Clark County has a reliable and extensive fiber optic network and offers businesses numerous options for telephone and television service providers.
Lease Rates
Clark County offers one of the most cost competitive
lease rates on the West Coast.
| Industry | Rate p/kWh |
|---|---|
|
Commercial |
$7.47 |
|
Industrial |
$5.57 |
| Industry | Rate p/kWh |
|---|---|
|
Commercial |
$10.08 |
|
Industrial |
$6.35 |
| Industry | Price p/MCF |
|---|---|
|
Commercial |
$12.83 |
|
Industrial |
$11.41 |
| Industry | Price p/sqft |
|---|---|
|
Industrial |
$11.41 |
|
Class A Office |
$28.72 |
Situated in the heart of the Pacific Northwest, Clark County serves as the premier Pacific Rim gateway to the U.S. and Canada.
It is exceptionally well-positioned to access major West Coast, Midwest & international markets through multimodal connections to I-5 and I-84, deep-water ports, rail, and the Portland International Airport (PDX), voted the nation’s Best Airport for years.
805 Broadway St
Suite 412
Vancouver WA 98660
© 2024 Columbia River Economic Development Council
