Source change captured:
Industrial Land Incentives Program
Businesses establishing, relocating, or expanding an operation in Saskatoon.
Overview
At a glance
Funding available
- No objectives are currently available
- Varies by project
Eligible candidates
- All industries
- Saskatoon
- Saskatchewan
- All legal structures
- All revenue ranges
- All organization sizes
- All groups
Next Steps
Availability timeline
Activities funded
- Establishing, relocating, or expanding an operation in Saskatoon.
- Construction of site improvements on the leased industrial land.
- Permanent construction on the leased land.
Documents Needed
- A business plan with company background, prospects for Saskatoon, future growth plans, financing plan for building construction, estimated building size and location, site and elevation plans, estimated build timeline, and a plan to exercise the option to purchase.
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.
Industrial Land Incentives policy clarified
The City’s Industrial Land Incentives Program policy now clearly defines the eligible industrial land, lease pricing formula, occupancy costs, and purchase option terms.
The official policy now clearly states that eligible land is City-owned industrial land available for over-the-counter sale, excluding land tendered under the Tax Enforcement Act. It also confirms that tenants are responsible for all occupancy costs, including local government taxes, and that the City may terminate the lease after three years if there are no qualifying improvements or commitments. The policy further specifies that the lease rate is set from the City’s borrowing cost applied to the serviced-land selling price, using the shorter of a 10-year term or the remaining lease term, and that the purchase option may be exercised any time during the lease after completion of a qualifying building foundation, at the selling price in effect when the lease agreement was entered into.
Eligibility
Who is eligible?
- Businesses establishing, relocating, or expanding an operation in Saskatoon.
Eligible geographic areas
- Saskatoon, Saskatchewan
How to apply
- Submit a business plan to apply for the Industrial Land Incentives Program.
Processing and Agreement
- Based on the business plan provided, Saskatoon Land determines whether the applicant meets the objective of the policy and is eligible to enter into a long-term lease.
Contacts
