How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the City of Saskatoon Business Development Incentives Program?

City of Saskatoon Business Development Incentives Program is funded by Saskatoon Regional Economic Development Authority (SREDA)

What are City of Saskatoon Business Development Incentives Program's eligibility criterias?

Be a legally incorporated business Operate in specific sectors (e.g., energy, manufacturing, technology) Create a minimum number of new full-time jobs (5 for existing, 15 for new businesses)

City of Saskatoon Business Development Incentives Program

Last Update: June 3, 2025

SK, Canada

Tax abatement incentive to encourage business in Saskatoon

City of Saskatoon Business Development Incentives Program at a glance

Eligible Funding

Min. $500,000

Timeline

Continuous Intakes

Financing Type

Tax Credits

Eligible Industries

Mining, quarrying, and oil and gas extraction
Manufacturing
Transportation and warehousing
Information and cultural industries

Grant Providers

Saskatoon Regional Economic Development Authority (SREDA)

Status

Open

Overview of the City of Saskatoon Business Development Incentives Program program

Exemptions and reductions of any city tax or fee, waiving of utility deposits and down payments on land, and exemptions or reductions of prepaid servicing levies.

Financing terms and conditions

Minimum investment requirement of $500,000 in plant, land, and/or leasehold improvements for eligibility.

Eligible projects & activities

Expansion of existing business operations in eligible industries within Saskatoon.
Establishment of new businesses in sectors such as energy, oil and gas, mining, manufacturing, processing, technology, transportation and logistics, telecommunications, or data processing.
Investment projects involving new construction, plant development, or significant leasehold improvements in Saskatoon.

Examples of admissible projects:

$ 1,500,000

Construction of a sustainable transportation hub to enhance urban mobility and reduce carbon emissions

$ 1,200,000

Renovation of an old factory into a tech startup incubator to foster innovation and job creation in the tech sector

$ 1,250,000

Expansion of renewable energy manufacturing plant with state-of-the-art solar panel production line

$ 1,200,000

Development of a telecommunications center to enhance connectivity for remote communities

$ 1,200,000

Expansion of a food processing plant to increase production capacity and create new jobs

$ 1,000,000

Establishment of a data processing center to support local businesses with cloud storage solutions

Eligibility criteria of the City of Saskatoon Business Development Incentives Program program

The applicant must be a legally incorporated entity.
The business must operate in sectors such as energy, oil and gas, mining, manufacturing, processing, technology, transportation and logistics, telecommunications, or data processing.
The project must create a minimum of five new full-time positions within one year for existing businesses, or a minimum of fifteen new full-time positions within three years for new businesses.
The applicant must have the required financial resources to complete the project.
The applicant must be the legal owner of the property or provide a copy of the lease agreement upon application.

Who is eligible?

Energy
Oil and gas
Mining
Manufacturing
Processing
Technology
Transportation and logistics
Telecommunications
Data processing

Who is not eligible

The grant application guidelines provided do not specify particular exclusions based on industry or company status. The focus remains on eligibility criteria without detailing explicit ineligibility conditions.

Eligible expenses

Investment in plant, land, and leasehold improvements.
City taxes or fees subject to exemptions or reductions.
Utility deposits waived.
Down payments on land waived.
Prepaid servicing levies subject to exemptions or reductions.

Eligible geographic areas

Companies operating within the City of Saskatoon.

How to apply to the City of Saskatoon Business Development Incentives Program program

Preliminary Documentation Gathering

Prepare a business plan or executive summary detailing the new expansion project.
Ensure the business plan includes the number of full-time jobs to be created and the investment details.
Obtain blueprints for the new construction, expansion, or renovations.
Gather recent financial statements or a bank letter verifying financial capability to complete the project.
Compile a current payroll list including names, positions, and full-time equivalents.
If applicable, obtain a copy of the lease agreement if not owning the property.

Complete Application Form

Fill out the Business Development Incentives application form.

Submission

Submit the completed application form and all supporting documents to SREDA before starting any project activities.
Ensure submission is made prior to applying for a building permit through the City of Saskatoon.

Additional information

Applications must be submitted before starting an expansion or new building project.
Submission of blueprints and recent financial statements is required as part of the application.
If the applicant is not the property owner, a lease agreement must be provided.
Applicants are required to include a current payroll list with full-time equivalent details.