(Advocate file photo).

(Advocate file photo).

Economic incentive grants are available for eligible Red Deer property owners and developers

The City of Red Deer is offering economic incentive grants for property owners and developers.

To increase vibrancy and generate long-term economic benefits, the municipality has launched another intake of the economic incentives program, Leading Forward.

Five funding categories are available. Four are strictly for the Greater Downtown Area (including Historic Downtown, Railyards, Capstone and the Business Improvement Area).

The fifth — a rebate on demolition costs related to vacant and derelict properties — is available city-wide.

“Through the Economic Incentives Program, we aim to support businesses and property owners by revitalizing their locations, supporting beautification, fostering safe and appealing public spaces,” said Jason Taylor, divisional strategist for development and protective services.

This includes increasing quality housing options in the downtown, and promoting a business and development-friendly atmosphere in the city.

Eligible applicants may apply for a portion of their costs.

More information on the application criteria for each of these programs is available on The City’s website and applications will be accepted online from April 20 to May 20, 2022.

This year’s grants are a carry forward from the previously council approved 2021 economic development incentives, with approximately $500,000 available for this intake. Applications will be scored based on the posted criteria, with set amounts available per grant.

Learn more about how this program is supporting Red Deer’s economic future and the funding criteria, visit reddeer.ca/economicincentives.

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