The city had 1,553 registered businesses with 4,202 total jobs, according to 2012 estimates by the U.S. Census and Puget Sound Regional Council. The largest provider of jobs in Lake Stevens came from businesses in the services sector, at 1,595, followed by education (991) and retail (696). The city's largest employer is the Lake Stevens School District, followed by aerospace manufacturer Cobalt Enterprises, which is headquartered in the Hartford industrial area and expanded its facilities in 2016. Over 20 percent of people with jobs based in Lake Stevens live within city limits, while the rest commute from nearby cities in northern Snohomish County.