Business Development, Expansion and Retention Grant Program
GrantAlberta
A property-tax-based grant for businesses and investors in priority sectors (agrifood, renewable energy, trade and logistics) that invest at least $2 million in new construction or $750,000 in renovation or expansion projects. The grant reimburses a percentage of incremental property taxes generated by the new investment, starting at 100% in year one and tapering to 50% by year five, with job creation as a key eligibility requirement.
What you'll need
- Business registration or proof of business entity
- Project budget and construction/renovation plans
- Proof of investment amount ($2M new construction or $750K renovation minimum)
- Job creation plan and employment projections
- Property tax assessment documentation
How it works
What it can fund
- Construct new facilities in priority sectors
- Renovate or expand existing business operations
- Create new local jobs in agrifood, renewable energy, or trade and logistics
- Invest in sustainable and innovative business projects