Saskatoon Business Development Incentives

Administered by SREDA, the City of Saskatoon established tax abatement incentives to encourage the attraction and expansion of businesses to facilitate investment and long-term job creation. These Business Development Incentives may include exemptions or reductions of city taxes or fees, waiving of utility deposits and down payments on land, and exemptions or reductions of prepaid servicing levies.

Grant Deadline

Deadline not available

Funding Amount

Deadline not available

Type of Grant

Grant

Sectors

Architecture/Design, Automotive, Construction, Engineering, Environmental Sustainability, Food Processing, Forestry, Industrial, Infrastructure, Manufacturing, Mining, Oil & Gas, Supply Chain, Technology, Transportation, Utilities, Warehousing

Demographics

Incorporation

For Profit

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

Company Requirements

• Be a legally incorporated entity
• Be involved in energy, oil and gas, mining, manufacturing, processing, technology, transportation and logistics, telecommunications, or data processing
• Demonstrate that a minimum of five new full-time positions will be created within one year for existing businesses, and a minimum of 15 new full-time positions within three years for new businesses
• Invest a minimum of $500,000 in plant, land, and/or leasehold improvements
• Possess the required financial resources to complete the project
• Be the legal owner of the property or provide a copy of the lease agreement upon application
• You must apply for an incentive before beginning with an expansion or new building project and prior to applying for a building permit through the City of Saskatoon

Application Requirements

• Business plan/executive summary that includes a clear and concise description of the new expansion project, the number of full-time jobs to be created, the size of investment made for land, buildings, and/or leasehold improvements
• Copy of blue prints for the new building, expansion, or renovations
• Recent financial statements or letter from the bank indicating that the applicant has the financial resources to complete the project
• A current payroll list (including names, positions, and full-time equivalents)
• If the applicant is not the legal owner of the property for the planned build or expansion, provide a copy of the lease agreement upon application

Grant Application website

https://sreda.com/what-we-do/business-development-incentives/

Contact

ADDRESS

216-1st Avenue South

Saskatoon, SK

S7K 1K3

Canada

HOURS OF OPERATION

Monday to Friday

8:30 a.m. – 4:30 p.m.

CONTACT

Phone: (306) 664-0720

Email: info@sreda.com