Business and Development News
|May 2019||As we round back from our recent trip to ICSC RECon 2019 we've been exploring several opportunities to make resources more simplistic to access on the City's website. The City's Parcel Map now contains an overlay that represents the City's designated Opportunity Zones; simply click the layer icon on the top right of the Parcel Map and check the box next to 'Kennewick Opportunity Zones' to view the overlay. By enabling this layer you can view Opportunity Zone layers side-by-side with other parcel data. We've also updated the City's website to reflect some oft-requested features. Now when you visit the Economic Development Main Page you can hover over the 'Your Business' tab to view both Development Applications and Forms and a shortcut to the Express Permitting Program.|
|March 2019||Commercial development in the City's Southridge Opportunity Center continues to grow, and the recently completed multi-tenant space at Ridgeline Drive and Plaza Way is just one component of that expansion. That development has allowed Knutzen Engineering to move next door to accommodate their growing company, while freeing up space for additional retail/restaurant/office space in Phase I. Just across Highway 395 is the recently completed branch of STCU, which will soon be neighbors with a locally owned franchise of a popular Restaurant and Sports Bar.|
|February 2019||The City of Kennewick in collaboration with Fuse SPC and Red Mountain Kitchen are offering a food and beverage based workshop - Fuse Launch: Ideation, This 5-week course is designed to give you a surface level understanding of your food business idea, including where to start. At the end you will have the tools to create your own food business and launch it with confidence. Tickets for the workshop are $50-75, and scholarships are available from State of Motion.|
|January 2019||Opportunity Zone Incentives have the greatest value in 2019! While Opportunity Zone deferral can be taken advantage of anytime before 2026, the greatest opportunity for additional incentives can be obtained by reinvesting in Kennewick in 2019. The full bevy of partial abatements and earnings on basis readjustment begin the earlier you reinvest. Find more information here, or email us to discuss available properties for reinvestment potential!|
The City of Kennewick in collaboration with the Columbia Park Golf Course Operator - CourseCo - is embarking on the new construction of the City owned golf course clubhouse. Construction began in November and is planned to be completed by April 2019. More information on this announcement may be found on the Tri-Cities Journal of Business website.
|October 2018||Investors have submitted plans to construct a five-story mixed use building in Historic Downtown Kennewick. This is the first complete new-construction project in the Downtown in several years, and will bring 33 new apartments, 12k sf of office, and 7k sf of retail/restaurant space. More information on the project may be found on the Tri-Cities Journal of Business website.|