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City Council Approves New Development Incentives and Grants to Grow Investment in Grande Prairie. On June 14, City Council approved a new economic development program called the Development Incentives and Grants Program designed to provide a long-term benefit to the community by creating economic stimulus and support investment in Grande Prairie.
The program consists of three incentives and two grants that support strategic investment in industrial, commercial, and residential areas. The program will also expand the tax base over 10 years.
Grant/Incentive About Business
New Business Development Grant - 10 Year Tax Increment Rebate for new business development with a construction value over $25 million. Rebate year 1 = 100%, decreasing 10% annually for 9 additional years.
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