Grande Prairie City Council has approved several updates to the Development Incentives and Grants Program, hoping businesses and developers will have even more opportunities to invest in the city.
Among the updates, the budget for the Expanded Municipal Fee Rebate increased to accommodate “high demand,” which the city says will ensure more multi-family housing projects and support housing affordability.
A new incentive under the Fibre Optics Fee Rebate was also introduced and now offers up to a 100 per cent rebate on municipal fees for fibre alignment projects between July 1st of last year, and December 31st of this year.
Additionally, the eligibility threshold for the Business Development Grant has been lowered from $25 million to $18 million, which the city says will make the funding more accessible to a wider range of businesses.
The DIG Program is currently accepting applications for all incentives and grants.
