New Business Development Grant

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. 

Program Funding  

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. 

10-Year Tax Increment Rebate Schedule 

Year Tax Rebate %
1

100

290
380
470
560
650
740
830
920
1010

 

Questions

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