New Business Grant
Renewed until December 31, 2024
The New Business Grant offers a one-time-per-business grant payment of up to $1,000 for businesses that are new to Ponoka in 2023 and are located and operate in the Town.
The grant is also available to existing residents in the Town of Ponoka who start a new business in Town.
To be eligible, the business must hold a valid Town of Ponoka business licence or be exempt from requiring a business licence. Applications must be received in the same year in which the business licence was issued.
The grants are awarded on a first-come, first-served basis.
Grant amounts can vary according to the business licence type:
Business Licence Type
Grant Amount without Purchase of Commercial Property
Total Grant Amount with Purchase of Commercial Property
Resident Business Licence – Commercial
Resident Business Licence – Residential
Commercial New Build Incentive
Renewed until December 31, 2025
Commercial businesses that build a new property in the Town of Ponoka on commercially-zoned land can qualify for this program.
To qualify, applications must be received in the same year in which the development permit is issued.
Whether you are a new or existing business in the Town of Ponoka, you can qualify for this program.
This incentive allows businesses to enjoy the following tax savings over three years:
- A 75 per cent reduction on the municipal portion of their property taxes in the first year;
- A 50 per cent reduction in the second year; and
- A 25 per cent reduction in the third year.
If the owner sells the property during the three-year incentive program, the property tax credits will stay with the property and transfer to the new owner.
For information on why Ponoka is a great place to do business, please view the Town of Ponoka's Retail Investment Opportunities.
To learn more about our Residential Incentive Programs, please click here.