Incentives
Development incentives provide financial assistance to help spur growth, expansion and innovation in our community.
The City Centre Vibrancy Incentive is designed to provide financial assistance to local business owners to incentivize the improvement and upgrading of properties within the downtown City Centre. Owners of commercial properties within the City Centre can apply and may be eligible for up to a 50% matching incentive, to a maximum of $25,000.
Please note: Submitting an application does not guarantee approval. Funding is subject to the remaining funds available under this Incentive Program at the time of application.
The Housing Infill and Redevelopment Incentive, is designed to provide financial assistance to local developers and property owners and incentivize the rapid development and construction of infill properties. Owners of an infill property can apply and may be eligible for an incentive of $15,000 per dwelling unit, up to a maximum of $750,000, for new residential development on a single site.
Please note: Submitting an application does not guarantee approval. Funding is subject to the remaining funds available under this Incentive Program at the time of application.
Applications for this program are now closed. For more information, please contact us at opportunity@medicinehat.ca
The Brownfield Redevelopment Tax Incentive, will provide financial assistance to non-residential property owners to remediate brownfield sites located within the City of Medicine Hat by providing tax relief for a period of up to five (5) years.
Please note: Submitting an application does not guarantee approval. Incentive applications will be reviewed on a first come first serve basis until the funds are allocated.
The Non-Residential Tax Incentive, will provide financial assistance to property owners in the City of Medicine Hat to develop large-scale commercial or industrial developments that result in tax assessment growth and job creation.
Please note: Submitting an application does not guarantee approval. Incentive applications will be reviewed on a first come first serve basis until the funds are allocated.
Resources
Grants
Companies, developers and investors have access to a number of incentives and grant programs across the municipal, provincial and federal level to grow their business. If you do not see a grant or program that applies to you, please reach out to opportunity@medicinehat.ca
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Municipal |
| The City of Medicine Hat offers a wide range of grant opportunities for the community including a community vibrancy grant, community development grants, special cultural events and more! |
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Provincial |
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Alberta Agri-processing Investment Tax Credit: The Agri-processing Investment Tax Credit provides a 12 per cent non-refundable tax credit against eligible capital expenditures for corporations investing $10 million or more to build or expand agri-processing facilities in Alberta. Alberta Small Business Resources: A directory of business resources for new and established entrepreneurs. It is a Government of Alberta program connecting you to grants, loans, and credits. AlbertaCanada.com: Your place to find resources about doing business and relocating to Alberta. Alberta Innovates: The largest research and innovation agency in Alberta providing funding, programs, advice, connections, technical expertise and applied research efforts to stimulate innovation across the province. Connectica: A free service that connects you with Alberta’s ever-expanding research and innovation network. Find programs, services, facilities and events that meet your needs. |
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Federal |
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Government of Canada: A list of Canadian business resources for grants, loans, private and public sector financing and leveraging personal assets. Scientific Research and Experimental Development: A federal tax incentive program administered by the Canada Revenue Agency, encouraging Canadian businesses of all sizes, and sectors to conduct research and development (R&D) in Canada. This Incentive Program is the largest single source of federal government support for industrial R&D. Startup Visa: A Canadian program targeting immigrant entrepreneurs with the skills and potential to build innovative businesses in Canada and in return create jobs for Canadians and compete on a global scale. |
Machinery and Equipment Tax Exemption
Medicine Hat’s Bylaw under the Municipal Government Act Section 364 (1.1) exempts Machinery and Equipment from taxation.
Tree Vouchers
Tree Vouchers are available for new properties zoned R-LD in the following subdivisions. Limited to one per qualifying property. Contact land@medicinehat.ca to see if your property qualifies.
Ranchlands Phase 3
Southlands Phases 4, 5 & 6
