The Biz Buzz

Get the most up-to-date news, insights and analysis of Tacoma, Pierce County and South Puget Sound business.

NOTICE: The Biz Buzz has moved.

With the launch of our new website, we've moved The Biz Buzz.
Visit the new section.

‘Live Downtown’ incentive program expands, adding new employers

Post by Kathleen Cooper / The News Tribune on March 14, 2013 at 3:27 pm |
March 14, 2013 4:07 pm

The City of Tacoma is the largest new employer to participate in the “Live Downtown” program, an incentive program designed to encourage employees to live closer to work, according to a news release today.

The program, in its second year, doesn’t cost participating employers anything, because the package of incentives are provided by participating lenders and property owners. Those offering those incentives include HomeStreet Bank and the Legacy Group, as well as property owners O’Conner & Associated, Vue 25 and Albers Mill.

Employees can save up to $6,000 on a new home (depending on loan amount) or up to $2,400 a year on a rental property.

Since Live Downtown began, five people have used the rental incentives, said program coordinator Kristina Walker, who manages Downtown On the Go. No one has been successful on the purchasing side, she said, though two people inquired and were not approved.

Other new participating employers announced today: the Tacoma-Pierce County Chamber, the Tacoma Convention and Visitors Bureau, and the Economic Development Board of Tacoma-Pierce County. Already participating are Columbia Bank, Tacoma Art Museum, BLRB Architects, University of Washington Tacoma, SiteCrafting, Inc., Broadway Center for the Performing Arts, Tacoma Symphony Orchestra and TRA Medical Imaging.

For more information about the Live Downtown program or Downtown On the Go, contact Walker at kristinaw@tacomachamber.org or 253-682-1739.

 

*
The News Tribune now uses Facebook commenting on selected blogs. See editor's column for more details. Commenters are expected to abide by terms of service for Facebook as well as commenting rules for thenewstribune.com. Report violators to webmaster@thenewstribune.com.