New Business Grant
The New Business Grant offers a one-time-per-business grant payment of up to $1,000 for businesses that are new to Ponoka, reside and operate in the Town and have not previously operated here.
To be eligible, the business must hold a valid 2022 Town of Ponoka business licence or be exempt from requiring a business licence. The qualifying period for the New Business Grant is from January 1 to December 31, 2022.
The grants are being awarded on a first-come, first-served basis with grant amounts varying according to the business licence type. See below:
Business Licence Type | Grant Amount without Purchase of Commercial Property | Total Grant Amount with Purchase of Commercial Property |
Resident Business Licence – Commercial | $750 | $1,000 |
Resident Business Licence – Residential | $250 | n/a |
Commercial New Build Incentive
The Commercial New Build Incentive offers property tax breaks to new or existing commercial businesses in the Town of Ponoka that build a new property (or demolish and build a new property) on commercially-zoned land in the Town.
Eligible businesses will receive the following reductions in their municipal property taxes over a three-year period, beginning the first year after the occupancy permit is issued:
- A 75 per cent reduction in 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.
The application period for the one-time-per-business Commercial New Build Incentive began January 1, 2021, and will continue until December 31, 2022. 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.
Apply Today!
To apply for the New Business Grant and/or Commercial New Build Incentive, click on the application forms below. Please note that all applications must be received by December 31, 2022.
If you have any questions, please phone (403) 783-0127 or email RealLiving@ponoka.ca
Once you fill out an application form, please email a copy of the completed form to RealLiving@ponoka.ca or print a copy of the completed form and mail it to:
Town of Ponoka
200, 5604 50 St
Ponoka, AB. T4J 1G5
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 New Resident Incentive Programs or Major Home Renovation Incentive Program, please click here.
