City mulls incentives to spur industrial development

St. Albert will need to separate itself from the rest of the pack if it wants to bring in more industrial investment, the city’s economic development director said.

On Monday night city council received a report on just how it can do that as Guy Boston laid out three possible ways St. Albert can make itself more appealing to non-residential developers.

Those three options, which will come back to council for a vote in June, include allowing payment of property taxes in increments, offering grants or rebates for upgrades or developments of an environmentally friendly nature and allowing business to pay cash in place of setting aside parcels of land for municipal reserve.

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