Industrial Land Incentives Program

By mmuise
Description:

Through the Industrial Land Incentives Program, the cost of land can be deferred by offering a long-term lease at a 10-year locked-in rate based on the City of Saskatoon’s cost of borrowing plus 1%. There is also an option to purchase the land at the market value at the time of the lease agreement.


Comments on Funding:

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Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be businesses;
  • be seeking financing for to cover the cost of industrial land and the cost of constructing a building on the land;
  • be establishing a new operation or expand an existing operation;
  • commit to starting construction on improvements within three years of entering the lease agreement;
  • have completed a building foundation consistent with the nature of your operations.
  • be established in the City of Saskatoon.
Application Steps:

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Documentation Needed:

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Other Things to Note:

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About the author
mmuise