City of Saskatoon Business Development Incentives Program SK Canada

City of Saskatoon Business Development Incentives Program

SK, Canada
Tax abatement incentive to encourage business in Saskatoon
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grant_single|eligibleFinancing
  • grant_single|minCount
grant_single|deadlines
  • grant_single|timelineUnspecified
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
  • Mining, quarrying, and oil and gas extraction
  • Manufacturing
  • Transportation and warehousing
  • Information and cultural industries
grant_single|grantors
  • Saskatoon Regional Economic Development Authority (SREDA)
grant_single|status
grant_card_status|open

grant_single_labels|preview

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.

grant_single_labels|projects

Eligible projects or activities for this grant include:
  • Expansion or establishment of businesses in sectors such as energy, oil and gas, mining, manufacturing, processing, technology, transportation and logistics, telecommunications, or data processing.
  • Creation of a minimum of five new full-time positions within one year for existing businesses, or a minimum of 15 new full-time positions within three years for new businesses.
  • Investment of a minimum of $500,000 in plant, land, and/or leasehold improvements.
  • Demonstrating financial capability to complete the project.
  • Being the legal owner of the property or providing a copy of the lease agreement upon application.
grant_single|admissibleProjectsExample

$1,500,000

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

$1,200,000

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

$1,250,000

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

$1,200,000

Edmonton
Development of a telecommunications center to enhance connectivity for remote communities

$1,200,000

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

$1,000,000

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

grant_single_labels|admissibility

The eligibility criteria for this grant include:
  • Be a legally incorporated entity
  • Be involved in specific industries
  • Demonstrate creation of new full-time positions
  • Invest a minimum amount in plant, land, and/or leasehold improvements
  • Possess required financial resources
  • Be the legal owner of the property or provide a lease agreement

grant_eligibility_criteria|who_can_apply

There are eligible types of companies for the Business Development Incentive grant in Saskatoon:
  • Legally incorporated entities
  • Involved in energy, oil and gas, mining, manufacturing, processing, technology, transportation and logistics, telecommunications, or data processing
  • Planning to create a minimum of five new full-time positions within one year for existing businesses, and a minimum of 15 new full-time positions within three years for new businesses
  • Investing a minimum of $500,000 in plant, land, and/or leasehold improvements
  • Possessing the required financial resources to complete the project
  • Being the legal owner of the property or providing a copy of the lease agreement upon application

grant_eligibility_criteria|who_cannot_apply

There are specific types of companies that are not eligible for the Business Development Incentive in Saskatoon.
  • Companies not involved in energy, oil and gas, mining, manufacturing, processing, technology, transportation and logistics, telecommunications, or data processing.
  • Companies that do not meet the minimum job creation and investment requirements.
  • Companies without the required financial resources to complete the project.

grant_eligibility_criteria|eligible_expenses

Eligible expenses for this grant include:
  • Investment in plant, land, and/or leasehold improvements
  • Construction or renovation costs
  • Salaries for new full-time positions
  • Building materials and equipment

grant_single_labels|criteria

There are evaluation and selection criteria for the Business Development Incentive in Saskatoon:
  • Be a legally incorporated entity
  • Be involved in specific industries such as energy, manufacturing, technology, etc.
  • Demonstrate the creation of a minimum number of new full-time positions
  • Invest a minimum amount 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

grant_single_labels|register

  • Submit a business plan/executive summary that includes project details, job creation estimates, and investment amount.
  • Provide blueprints for the new construction or renovation project.
  • Include recent financial statements or a bank letter confirming financial capability.
  • Submit a current payroll list with employee details.
  • If not the property owner, provide a copy of the lease agreement.
Apply to this program