Business Incentive Grant
Camrose County is committed to encouraging the strength and vitality of our local economy. Enabling a prosperous economy is one of our strategic priorities.
The Business Incentive Grant is intended to make a positive contribution towards the cost of creating a business entity.
The purpose of the Business Incentive Grant By-law is to encourage business development and permanent employment in Camrose County by providing a Business Incentive Grant to stabilize and provide support to the rural community
Any entity who intends to establish a business development within Camrose County may submit an application for the Business Incentive Grant in writing under either the Tier 1 or Tier 2 classification to the County Administrator
Tier 1: Minimum of 1 Million in Business Development
The Tier 1 Business Incentive Grant shall equate up to a maximum of 2% of the Certified Written Appraisal paid over a five-year period, if approved by the County Administrator or designate.
Tier 2: Minimum of 100 Million in the Business Development
The Tier 2 Business Incentive Grant shall equate up to a maximum of 10% of the Certified Written Appraisal paid over a 20 year period, if approved by Council. County Council reserves the right to consider the percentage of the grant up to a maximum of 10% of the Certified Written Appraisal and the allocation percentages of payment over the 20-year period.
For a complete list of requirements please review Bylaw 1305 the Business Incentive Grant Bylaw.
If you have any questions about the Business Incentive Grant please contact the Economic Development Department at email@example.com or 780-678-3070.