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.

Purpose

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

Application

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.

Eligibility

For a complete list of requirements please review Bylaw 1305 the Business Incentive Grant Bylaw.

Application Forms

Tier 1 Application Form

Tier 2 Application Form

Questions

If you have any questions about the Business Incentive Grant please contact the Economic Development Department at ecdev@county.camrose.ab.ca or 780-678-3070.

Business Incentive Grant Brochure

Contact Us

Economic Development Officer - Lina Petkeviciene

3755 - 43 Avenue,
Camrose, Alberta, T4V 3S8

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Email: ecdev@county.camrose.ab.ca

Phone: (780) 678-3070