Business Retention & Expansion Grant

The Business Retention & Expansion Grant is aimed to help industrial and commercial businesses grow and thrive by enhancing their property through addition or significant renovation while stimulating the local economy.  

Program Funding 

A four-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 25% annually for three additional years. 

YearTax Rebate %

1

100
275
350
425

 

Questions

Any questions or inquiries can be made to the Program Coordinator at businessincentives@cityofgp.com or 780-513-5240.