Covington has a strong retail core, a multitude of medical and health facilities, and jobs in education and construction.
The city is working to attract light manufacturing, back-office professional firms, more health care/medical companies and a variety of businesses to build out the proposed town center. Key potential anchors of the retail component of a Covington town center include a grocery store (new or existing), food services, entertainment, lifestyle tenants and recreation facilities such as health clubs and movie theaters.
While the population of Covington is only 20,530, the retail trade area serves a population of around 100,000. Visitors from more than four ZIP codes come to Covington to enjoy many restaurant options in the downtown retail core and to shop at some of the area’s most popular retail outlets: Costco, Home Depot, Kohl’s, Wal-Mart, Fred Meyer, Safeway, Big Lots, Big 5 Sporting Goods, Pier 1 Imports, Dollar Store, Office Depot, Petco, UPS Store, Washington Workwear, Walgreens, and RiteAid. During the past decade, retail development has occurred at a dramatic pace.
A main retail core, flanked by professional and medical office buildings, is the core of Covington’s current downtown. The city’s major employers are in retail, health care, and the public sector. Many local residents commute out of the area for high wage jobs. The area’s largest employer is the Kent School District, followed by Wal-Mart, Multicare Health System, Fred Meyer and Costco. Others include Home Depot, Kohl’s, Safeway, City of Covington, Valley Medical and Petco.