Closed
Source verified July 7, 2026
Business Retention and Attraction Incentive Program (BRAIP)
Municipal incentive for commercial property improvements
Funding available
Up to 100% of project cost
Deadline
Open continuously
Location
Cold Lake, Alberta, Canada
Overview
The program supports commercial property improvements in Cold Lake through municipal tax-based incentives. It covers building enhancements, new construction, additions, and demolition of existing buildings.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Renovate or expand facilities
- Renovate or adapt facilities
Eligible Funding
- Up to 100% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Cold Lake
- Alberta
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Improving existing commercial buildings.
- Constructing new buildings or additions.
- Demolishing existing buildings that detract from the area.
- Carrying out cosmetic internal or external renovations.
Documents Needed
- Completed application form.
- Detailed written description of the proposed improvements.
- Plans or drawings, where applicable.
- Written confirmation of the elements requested for approval.
- Photos of the current property condition and, if relevant, elevation drawings or renderings.
Official resources
Eligibility
Who is eligible?
- Commercial property owners.
Eligible expenses
- Improvements to existing buildings.
- New building construction or additions.
- Demolition of existing buildings.
- Cosmetic internal or external renovations.
Eligible geographic areas
- Cold Lake, Alberta.
Selection criteria
- Impact on the appearance and function of the property.
- Contribution to attracting new business investment.
- Potential to support demolition of buildings that detract from community appearance.
How to apply
- Step 1: Pre-application consultation
- Meet with the Project Review Officer to discuss the application process, criteria, and eligibility rules.
- Step 2: Prepare application package
- Complete the application form.
- Prepare a written description of the proposed improvements.
- Gather plans, drawings, photos, and any other required supporting information.
- Step 3: Submit the application
- Submit the completed application to the General Manager of Planning and Development.
- No application fee is required.
- Step 4: Review and decision
- The City reviews the application and may request additional information.
- Applicants must accept the program terms and conditions before funding is disbursed.
Processing and Agreement
- Applications are reviewed by the City of Cold Lake.
- Assessment verification is required before approval.
- Funding is subject to the issuance of all required permits.
- Approved funding is disbursed after review under the program’s terms and conditions.
Additional information
- The program has been renewed annually since 2010.
- Applications are accepted year-round until December 31 each year the program is active.
- No application fee is required.
- A pre-application consultation meeting with the Project Review Officer is part of the process.
Contacts
Frequently Asked Questions about the Business Retention and Attraction Incentive Program (BRAIP) Program
What is the Business Retention and Attraction Incentive Program (BRAIP)?
The program supports commercial property improvements in Cold Lake through municipal tax-based incentives. It covers building enhancements, new construction, additions, and demolition of existing buildings.
How much funding can be received?
Business Retention and Attraction Incentive Program (BRAIP) Funds up to 100% of admissible expenses.
Who is eligible for the Business Retention and Attraction Incentive Program (BRAIP) program?
To be eligible for the Business Retention and Attraction Incentive Program (BRAIP) program, you must:
Commercial property owners.
Projects improving property appearance or function.
Projects involving building, addition, or demolition work.
What expenses are eligible under Business Retention and Attraction Incentive Program (BRAIP)?
Improving existing commercial buildings.
Constructing new buildings or additions.
Demolishing existing buildings that detract from the area.
Carrying out cosmetic internal or external renovations.
Who can I contact for more information about the Business Retention and Attraction Incentive Program (BRAIP)?
You can contact City of Cold Lake by email at incentives@coldlake.com or by phone at 780-594-4494.
Where is the Business Retention and Attraction Incentive Program (BRAIP) available?
The Business Retention and Attraction Incentive Program (BRAIP) program is available the province of Alberta.
Is the Business Retention and Attraction Incentive Program (BRAIP) a grant, loan, or tax credit?
Business Retention and Attraction Incentive Program (BRAIP) is a Grant and Funding