Targeted New Development / Re-Development Incentive Policy
The Municipality of Crowsnest Pass developed a Targeted New Development / Re-Development policy to promote multi-scale projects involving the construction of New Development or Re-Development of non-residential commercial, industrial, office, retail, and mixed-use buildings and business that lead to a significant and ongoing enhancement to the Municipality as a whole.
Please see Policy 1705-02 - Targeted New Development / Re-Development Incentive Policy for details. To apply, fill out the Targeted New Development-Redevelopment Policy Application form.
Alberta Investor Tax Credit (AITC)
As part of the Alberta Jobs Plan, the Alberta government has invested $90 million towards an Alberta Investor Tax Credit (AITC) to encourage investment in non-traditional sectors with strong job creation potential.
The 3-year AITC is applicable across sectors, offering a 30% tax credit to investors who provide capital to Alberta small businesses doing research, development or commercialization of new technology, new products or new processes. It is also applicable to businesses engaged in interactive digital media development, video post-production, digital animation or tourism.
Businesses interested in registering with the AITC program are required to do so through the online application portal. Investments made as of April 14, 2016, may be retroactively eligible for the AITC.
An investor can either invest directly in an Eligible Business Corporation (EBC), or invest in an Approved Venture Capital Corporation (VCC).
View an updated list of Approved Venture Capital Corporations
For more information, please visit https://www.alberta.ca/alberta-investor-tax-credit.aspx
Local & Regional Business Partnerships Contacts
Crowsnest Pass Chamber of Commerce
Sacha Anderson, President
Crowsnest Pass Community Futures
Shar Cartwright, Manager
Regional Economic Development Alliance
Bev Thornton, Executive Director
Alberta Economic Development & Trade
Linda Erickson, Manager
Regional Economic Development Services
131, 200-5th Ave South, Lethbridge
Phone: 403--381-5482(O) | 403-393-2614 (C)