Small Business Sub Class
On November 8, 2021, the Town of Vegreville Council passed Bylaw 08-2021 Small Business Sub-Class Bylaw and Policy FIN-6008 Small Business Sub-Class Policy. With this bylaw and policy the Town of Vegreville is implementing a formal process to provide qualified small businesses with a preferential property tax rate.
Local Business Signage Incentive
The Local Business Signage Incentive provides all businesses in Vegreville, excluding home-based businesses, that add, improve, or enhance permanent frontage signage affixed to their location an opportunity to apply for a $2,000 grant from the Town of Vegreville.
C1 Small Commercial Business Revitalization Incentive
The C1 Small Commercial Business Revitalization Program provides Businesses in the Downtown Core that improve and/or update the visual appearance of their business an opportunity to apply for a grant, valued at up to $3,000, from the Town of Vegreville.
Local Sports & Events Hosting Grant
The Local Sports and Events Hosts Grant is intended to financially assist groups, teams, leagues, and organizations that bring visitors, including participants, attendees, or spectators, to Vegreville through tournaments, events, or competitions. Successful applicants are eligible for a one-time $1,500 grant from the Town of Vegreville.
Non-residential Development Incentive Program
The Non-residential Development Incentive Program promotes the expansion, renovation, and construction of new development of non-residential property in Vegreville.
Program Highlights
- Allows a one-time tax cancellation up to $25,000 per qualified development
- Potential eligibility for additions/expansions for commercial or industrial (non-residential) projects, including demolition for new construction purposes
- Qualification is based on an increase in the assessed value of $50,000 or more (excludes land assessment)
For more information and to determine whether your project is eligible please email ecdev@vegreville.com or call 587-790-0919.