Lacombe County experiments with development incentives

Businesses setting up or expanding in Mirror may qualify for grants

Lacombe County is rolling out an incentive program to sweeten the pot for businesses considering setting up or expanding in Mirror.

The three-year pilot project approved by county council on Thursday would offer a grant to offset municipal property taxes over 10 years. It would apply to new industrial and commercial businesses.

Under the program, a grant covering 100 per cent of municipal property taxes (school taxes not included) would be offered for the first year a business was open. The grant would drop to 90 per cent of taxes the following year and would go down by 10 per cent each year until full taxation was reached.

To help business people just thinking of an addition, a grant will be offered covering the increase in property taxes because of expansion for one year.

County staff have been looking at an incentive program for some time and looked at various schemes adopted in other communities.

RELATED STORY

Coun. Rod McDermand questioned why the pilot project was limited to one community.

“Why Mirror, because we have other hamlets,” he asked, offering Tees and Joffre as examples.

Dale Freitag, county manager of planning services, said Mirror was chosen because it is seen as the hamlet most likely to attract industrial and commercial development.

If the incentive proves successful, it could be extended to other hamlets.

“This is a pilot project. We’ve never done anything like this,” he said. “So, the intention is to see how well it does in Mirror.”

Although its initial term is limited, any businesses that signs up will continue to get the tax incentive over the full 10 years. The county estimated a business that proves successful and continues to pay property taxes would pay off the grant in about 10 years.

Councl approved a $5,000 budget for the first year of the program. If it proves a winner, more money may be added for future years.

pcowley@reddeeradvocate.com

Just Posted

Doctor first in Red Deer to offer Mohs surgical suite for skin cancer

A local doctor says a skin cancer surgery newly offered locally will… Continue reading

Methamphetamine, THC found in half-million dollar seizure and Bowden Institution

Nearly half a million dollars worth of drugs and other contraband was… Continue reading

Community support needed to bring Canadian Finals Rodeo to Red Deer

Bid from Westerner Park and Red Deer & District Chamber of Commerce

Long-tenured former Blackfalds mayor recognized by Alberta Urban Municipalities Association

After 19 years serving on Blackfalds council, Melodie Stol was thrilled her… Continue reading

Preserving Innisfail pioneer home means Isabella Sinclair’s story will live on

House from 1890 will be moved next month to historical village

VIDEO: Red Deerians taste what the city has to offer

Red Deerians sampled some of the finest foods Central Alberta restaurants have… Continue reading

New columnist joining Advocate team

Market Gypsy starts on November 30

Volunteer with victim services in Red Deer

Learn more at info session on Nov. 27

Updated: Missing Sylvan Lake women found

Women were reported missing earlier this week

Liberals propose billions for affordable housing, including individual benefits

A Liberal government fond of promising help for those working hard to… Continue reading

Alberta Party sees growth in Central Alberta

Greg Clark addressed health care needs addressed in Red Deer

Ponoka council freezes Ponoka Fire Department spending

All discretionary spending frozen until full budget numbers are presented

WATCH: Ponoka’s Festival of Trees sees continued support

Three days of celebration and fundraising held at the Calnash Ag Event Centre

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month