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% reduction in the municipal portion of their property taxes in the first year;
- A 50% reduction in the second year; and
- A 25% 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:
- New Business Grant Application Form
- Commercial New Build Incentive Application Form
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 Programs, please click here.
