The Smokey Point area is home to the Cascade Industrial Center (CIC). The CIC is a hub of industrial activity that is the second-largest Manufacturing/Industrial Center in Snohomish County. The CIC includes a total land area with the MIC boundaries of 4,019 acres. This area is located within regional economic centers and is close to Paine Field, Interstate 5, State Route 9, 531 and 530 in addition to the Arlington Municipal Airport and BNSF Spur line.
The State of Washington passed SB 5761 to exempt property taxes for the value of new construction of industrial/manufacturing facilities for 10 years. The City of Marysville adopted Ordinance 3020 to allow this incentive to be used in the CIC. This law is limited to use by the cities of Marysville, Arlington and Lake Stevens as a demonstration on how the State of Washington can encourage manufacturing and industrial uses. The law requires the following:
creation of a minimum of 25 new full-time jobs
paying at least $18 per hour
building improvements must be 10,000 square-feet of larger
building improvement minimum value $800,000.00 or more
use must be one which is a SIC Division D Manufacturing as defined by the US Department of Labor
To learn more about the benefits and associated with the CIC and the Industrial and Manufacturing Property Tax Exemption visit www.marysvillewa.gov/mic.