The New Business Development Grant is an incentive to attract investment in industrial and commercial development with the goal of diversifying our economy, stimulating building activity, and supporting local employment in Grande Prairie. It is a 10-year annual rebate equal to 100% of the general municipal tax portion of the Incremental Assessed Value of the property in the first year, decreasing by 10% annually for nine additional years.
Fees and Timelines
Applications are open July 28, 2021 and are available until 4:00 PM, December 30, 2025. Applications are processed on a first-come, first-served basis and will be accepted until funds are fully assigned or the program is closed.
To be eligible to apply for this grant, the project needs to be a new large-scale commercial or industrial developments with a taxable assessment increase of over $25,000,000. No construction can be performed prior to signing a Reimbursement Agreement with the City.
Contact the Program Coordinator to discuss your project, assess your eligibility and review the application process.
Prepare an application ensuring the project will comply with all permit requirements, Provincial Building Codes, applicable statutory plans, City’s Land Use Bylaw C-1260 and all other relevant Bylaws.
Submit a completed application to the Program Coordinator via email to: firstname.lastname@example.org