Local Business Economic Development Program

Eligibility


Eligibility is determined on a project by project basis. Council has the final decision on all applications. The following developments in the Village of Notre-Dame-de-Lourdes are eligible for the incentive program.

New commercial and industrial development making a minimum assessed building value of $50,000.
 
Expansion and major renovation of existing business with a minimum assessed building value of $50,000 added to the base year.
 
New multiple-unit residential development including condominiums, apartment blocks and any development with 2 or more units , with a minimum assessed building value of $100,000 that will be used for rental purposes.
 
Expansion or major renovation of exiting multiple-unit residential development with a minimum assessed building value of $50,000 added to the base year that is used for rental purposes.

Ineligible applicants include government run or funded agencies and insurance claims.

Program criteria


All eligible development must result in a net increase in the property’s assessment and municipal taxes as determined by Manitoba Assessment Branch and meet the targeted needs of the community.
 
The developer or owner must obtain a building and development permit prior to the commencement of any construction and the development must conform to the municipality’s development plan and zoning by-law.
 
Application must be made at any time before 60 days of the construction start date.
 
The Village of Notre-Dame-de-Lourdes has implemented an incentive program to encourage new development opportunities.

New Commercial / Industrial development:

Assessed building value Incentive
  • $ 50,000 and over

  • 100% or municipal taxes year 1 and 2

  • 50% of municipal taxes year 3 and 4

Major expansion and renovation to existing business

Assessed building value from base year Incentive

Annual cash incentive on the portion of municipal tax that results from the renovation or expansion calculated on the basis:
  • $ 50,000 and over

  • 100% or municipal taxes year 1 and 2

  • 50% of municipal taxes year 3 and 4

New multiple-unit residential development

Assessed building value Incentive
  • $ 50,000 and over

  • 100% or municipal taxes year 1 and 2

  • 50% of municipal taxes year 3 and 4

Major expansion or renovation to multiple-unit residential

Assessed building value from base year Incentive

Annual cash incentive on the portion of municipal tax that results from the renovation or expansion calculated on the basis:
  • $ 50,000 and over

  • 100% or municipal taxes year 1 and 2

  • 50% of municipal taxes year 3 and 4

To access a copy of the form, please click here.

To find all the necessary permits required for any construction, please visit the South Central Planning District's website.