Spokane’s Future is Booming: What $488 Million in Funding Means for You

Spokane is entering a major season of transformation. Between a confirmed $48 million federal aerospace investment and a proposed $440 million community improvement initiative, we’re looking at over half a billion dollars in potential funding that could dramatically reshape the future of our city.

Whether you’re considering moving to Spokane or already live here and want to understand what’s coming next, this guide will walk you through what’s happening, why it matters, and how it could impact your home value, job prospects, and lifestyle.

$48 Million Aerospace Investment: A Game Changer for Spokane’s Economy

Spokane has secured a $48 million grant from the Department of Defense’s Office of Local Defense Community Cooperation. This is not a small-scale project—this is a long-term strategy to strengthen Spokane’s aerospace and advanced manufacturing ecosystem.

This funding is already being put to work building infrastructure, training programs, and partnerships with local schools and employers. It’s expected to create new, high-paying, career-oriented jobs for engineers, technicians, machinists, and other skilled professionals.

Why It Matters:

• Job Creation: These are permanent, well-paying jobs—not just temporary construction roles.

• Talent Attraction: The region will draw skilled professionals and their families, increasing local demand for housing.

• Neighborhood Impact: Areas near the Spokane International Airport and industrial corridor—like Airway Heights, West Spokane, Cheney, and Medical Lake—may see rising home values and buyer interest.

If you already own a home in those areas, this growth could significantly boost your equity. If you’re looking to buy, it may be wise to act before demand spikes.

The Proposed $440 Million “Together Spokane” Initiative

Still awaiting voter approval, the Together Spokane plan could add another $440 million into local schools, parks, and community infrastructure.

This plan includes two major measures:

1. $200M for Spokane Public Schools

Funds would be used to build and modernize school facilities, upgrade technology, and create programs that prepare students for careers, including a proposed new high school focused on the trades.

2. $240M for Spokane Parks and Recreation

This would cover upgrades to playgrounds, splash pads, community centers, trails, sports fields, and neighborhood beautification projects. Over 200 community-focused projects are outlined, designed to improve quality of life across the city.

Why It Matters:

• Family-Friendly Appeal: Better schools and parks attract buyers and renters alike.

• Neighborhood Uplift: Areas with access to new amenities could see increased demand.

• Community Investment: Shows Spokane’s commitment to becoming a more vibrant, livable city.

Even though this funding still needs to pass through a vote, the fact that it’s on the table highlights Spokane’s momentum and the direction the community is headed.

What This Means for Buyers and Sellers

When you combine job growth with major investments in community infrastructure, Spokane becomes a place more people want to move to. And when demand increases, so do home prices—especially in areas closest to these new opportunities.

Whether you’re buying your first home, upgrading, or relocating to Spokane, the decisions you make today could seriously impact your long-term equity and lifestyle options.

Final Thoughts

Only the $48 million aerospace grant is officially funded, but both initiatives reflect a Spokane that’s planning ahead—economically and socially. These changes could affect:

• Where buyers want to live

• How much homes are worth

• Job availability and industry growth

• Spokane’s overall livability and desirability

If you're wondering how this all applies to you—whether you’re staying put, moving across town, or relocating into Spokane—reach out. Let’s build a plan that works for your goals and helps you take advantage of Spokane’s changing market.

You deserve real insights and a solid strategy. Let’s talk.