Business Incentives
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:
- Commercial Business Licence – New businesses in Ponoka with a business licence for a commercial property can qualify for a $750 grant. New businesses in Ponoka that buy a commercial property can qualify for a $1,000 grant.
- Residential (Home-Based) Business Licence – New businesses with a residential business licence at a residential property (home-based businesses) that are new in the Town of Ponoka can qualify for a $250 grant.
To apply for the New Business Grant, please phone (403) 783-0127 or email by clicking here. Or click here to contact us.
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.
To apply for the Commercial New Build Incentive, please phone (403) 783-0127 or email by clicking here. Or click here to contact us.
Carpenter framing a business
