Senate Bill 5761 would create a property-tax exemption for businesses that want to locate and create jobs in open industrial property near Arlington, Marysville and Lake Stevens.

The exemption would be for businesses with a minimum size of 10,000 square feet, an improvement value of at least $800,000, and the ability to create at least 25 family wage jobs. The exemption would last for 10 years, provided the business continues to meet certain criteria.

“We’ve been working hard to advance this idea to create jobs near our homes,” Arlington Mayor Barbara Tolbert said. “This is another step toward good jobs for working families in Arlington.”

Marysville Mayor Jon Nehring agreed.

“Marysville is very grateful for the legislature’s support of a new tool to bring family wage jobs to Washington,” he said. “Snohomish County’s strong manufacturing employment brings economic stability and prosperity to the region. Encouraging new manufacturing businesses to locate and expand in the area will bring jobs to cities and strengthen our economy.”

The measure passed the Senate unanimously and the House 74-18. The bill goes to Gov. Jay Inslee for consideration.