CHAT News File Photo

By Chris Brown

Spurring investment

Development incentive program applications opening this week

Mar 16, 2021 | 9:04 AM

MEDICINE HAT, AB – Investors who want to spur the development of the city’s waterfront can apply for a new incentive program beginning this week.

Invest Medicine Hat and the City of Medicine Hat will begin accepting applications at 8 a.m. on March 17.

The program was approved by city council at its meeting on Feb. 16. The aim is for the program to provide a fair and transparent approach to incentives.

The program includes six new development incentives:

• Brownfield Redevelopment Tax Incentive
• Builder Incentive
• Commercial-Industrial Development Tax Incentive
• Waterfront District Housing Incentive
• Waterfront District Vibrancy Incentive
• Residential Infill Incentive

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“We are pleased to introduce the development incentive program this year to spur investment in the community,” says Jason Melhoff, managing director of Invest Medicine Hat. “Incentives can have a great return on the community as a whole by creating jobs and promoting economic diversification.”

Visit investmedicinehat.ca for full details.