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Business Retention and Attraction Incentive Program (BRAIP)
Municipal incentive for commercial property improvements
Get notified when Business Retention and Attraction Incentive Program (BRAIP) reopens
Funding available
Up to 100% of project cost
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.
Receipt of requests is now closed
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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
Availability timeline
2026
Periods: 1
Activities funded
- Improving existing buildings or properties.
- Constructing new buildings or additions to existing buildings.
- Demolishing existing buildings.
- Carrying out internal or external renovations that do not change the overall size of the building.
Documents Needed
- A detailed explanation, written and with plans/drawings where applicable, of the proposed improvements to be made.
- Written confirmation of the elements for which the applicant is seeking grant approval.
- Photographs of the current state of the building or condition of the land, and elevation drawings/renderings of the proposed development where applicable.
- A legal description of the property and the legal name of the owner(s).
- Any other information that may be deemed necessary by the General Manager of Planning & Development to support the application.
Sources and recorded changes
- Source change captured
- Change recorded
- Record updated
A captured source change or record update does not confirm eligibility. Check the funder’s current rules before applying.
BRAIP policy details added
The newly available BRAIP policy adds eligibility rules, application requirements, and payment terms for demolition and new-build rebates.
The Business Retention and Attraction Incentive Program Policy now spells out who and what can qualify, including eligible parcels, a minimum $5,000 investment, tax-arrears exclusions, and other ineligible projects or properties. It also adds the application package and process requirements, including a pre-application consultation, permit-related conditions, review and appeal steps, and required supporting documents such as plans, photographs, and property identification. Funding terms are now set out in the policy, including a one-time $5,000 demolition grant, a 10% rebate for enhancements to existing buildings or properties, and a three-year new-build/addition rebate paid 50% in Year 1, 30% in Year 2, and 20% in Year 3.
Eligibility
Who is eligible?
- Commercial property owners.
Who is not eligible
- Home based businesses.
- Properties that are in tax arrears with the City.
- Government offices and agencies and any organizations exempt from paying property taxes to the City.
- Projects for which permits have been obtained and/or construction has commenced prior to the approval of this policy by Council.
- Improvements related to the normal upkeep of a building, including replacement of roofing, HVAC systems or business equipment.
Eligible expenses
- External and internal enhancements to existing buildings or properties.
- Landscaping, paving, sidewalks or patios.
- Demolition costs.
- Internal or external renovations that do not change the overall size of the building.
Ineligible Costs and Activities
- Normal upkeep of a building, including replacement of roofing, HVAC systems or business equipment.
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
- Prior to filing an application, schedule a pre-application consultation meeting with the General Manager of Planning and Development regarding the application process, criteria and rules of eligibility.
- Submit completed applications to the General Manager of Planning and Development or their designate.
- No application fee is required.
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)?
External and internal enhancements to existing buildings or properties.
Landscaping, paving, sidewalks or patios.
Demolition costs.
Internal or external renovations that do not change the overall size of the building.
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 Tax Credits