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The City’s 2021 Edmonton Economic Incentive Construction Grant incentivizes and stimulates high-impact private construction projects in the Centre City area that begin construction in 2021.

This grant program was approved at the January 25, 2021 City Council meeting (item 6.4).

Eligibility Criteria

To be eligible for this grant, a project must: 

  • Be a new development project that begins construction in 2021. Projects already underway do not qualify.
  • Have a construction value of $10 million or more, and provide 50 or more net new housing units.
  • Be constructed in the Centre City as identified in the map.
  • Have an approved development permit before applying.
  • Have applicants declare financial need and certify that the program changed their decision to proceed with development.

Projects taking advantage of this program will not be eligible to participate in other City development incentive grant programs, including the Development Incentive Program and the Brownfield Redevelopment Grant Program. These programs serve different though related purposes. 

Successful applicants will effectively receive no municipal tax increases for a period of five years (2022-2026). Each year, a grant payment will be made that is equivalent to the increase in municipal taxes over the 2021 ‘baseline’ taxes paid. The education portion of property taxes will not be offset by the grant program.
 

Program Duration and Limits

The total amount available for this program is capped at $23 million. Applications will be considered on a first-come, first-served basis.

Next Steps

  • Further program details will be made available on this page in early February
  • Applications are anticipated to start being accepted in mid-February 

For More Information

Urban Renewal

Telephone

311

Email urbanrenewal@edmonton.ca

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