City Hall -- LNN

By Connor Gunn

Multiple incentive programs announced to help Lethbridge businesses

Nov 2, 2020 | 5:42 PM

LETHBRIDGE, AB– At Lethbridge City Council approved a series of Development Based Incentive Programs to support investors as well as business owners and their employees to help recovery efforts.

The efforts stem from Lethbridge’s Recovery Committee of Council’s discussions with the business and development community have identified potential opportunities that fit Lethbridge.

Courtesy of the press release:

“The six areas of focus include: Real Estate Sales and Leases; Affordable/Social Housing Capital Project Grant; Urban Core Housing Incentive Program;

Targeted Redevelopment Incentive Program; Urban Core Property Improvement Grant Program; and Industrial Municipal Tax Incentive.”

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Five of the six are existing programs and have been reconsidered because of the changing times.

“Our Recovery Committee has been working at finding creative and effective ways to help support our local businesses both now and for when the pandemic one day finally subsides,” says Councillor Belinda Crowson, who is also chair of the Recovery Committee.

“Money spent locally will help support local jobs and in turn benefit our local economy.”

The release says the following:

“These incentive programs will dedicate $4,015,475 in funding to support economic recovery. These dollars have been committed from existing funding sources and will not impact residential taxes.”

For more information on the incentives, see the City’s website.

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