Ponoka town council has renewed its residential and business incentive programs for 2023. The purpose of these incentive programs is to continue attracting new residents and businesses to move to Ponoka.
Town council has renewed the following programs for three years until Dec. 31, 2025:
• New Resident Incentive;
• Residential New Build Incentive;
• Commercial New Build Incentive; and
• Major Home Renovation Incentive
“Renovating, buying or building a home or business is a long-term decision and extending these programs for three years provides potential new residents and businesses more time to complete the decision-making process and plan their move to Ponoka,” said Ponoka Mayor Kevin Ferguson in a press release.
“Attracting new businesses and residents is all about helping Ponoka and our local economy grow and thrive into the future.”
The New Business Grant has been renewed for one year (until Dec. 31, 2023) as it requires funding for the grants being offered and must be approved during budget deliberations each year.
Mayor Ferguson noted that most of the incentive programs are available to both new and existing residents in the Town of Ponoka, including the New Business Grant, the Residential New Build Incentive, the Commercial New Build Incentive and the Major Home Renovation Incentive.
Council will continue to review the successes of each incentive program annually.
Details on all the incentive programs can be found on the town’s website at ponoka.ca.
Applications for the programs are now being accepted and forms are available at ponokarealliving.ca. Paper copies of the application forms are also available at the Town Office at the Ponoka Civic Centre (200, 5604 50 Street).
For more information, please call the Town of Ponoka at 403-783-0127 or send an email to RealLiving@Ponoka.ca.