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SREDA
Saskatoon Construction
Standard Machine

SREDA administers the City of Saskatoon’s Business Development Incentive. This tax abatement incentive was developed to encourage attraction and expansion of businesses and facilitate long-term job creation. Incentives include: exemptions or reductions of any city tax or fee; waiving of utility deposits and down payments on land; and exemptions of reductions of prepaid servicing levies.

Eligibility Criteria

  • Be a legally incorporated entity.
  • Be involved in energy, oil and gas, mining, manufacturing, processing, technology, transportation and logistics, telecommunications, or data processing.
  • Demonstrate that a minimum of 5 new full-time positions will be created within 1 year, if from an existing business; or demonstrate that a minimum of 15 new full-time jobs will be created within 3 years, if from a new business.
  • Invest a minimum of $500,000 in plant, land and/or leasehold improvements.
  • Possess the required financial resources to complete the project.
  • Be a legal owner of the property or provide a copy of the lease agreement upon application.
  • Posses a realistic and acceptable business plan and/or executive summary.
  • Must apply for an incentive prior to commencing with an expansion or new building project and prior to applying for a building permit through the City of Saskatoon.

Application Form

View All Business Incentives

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For more information, please contact:

Joanne Baczuk
Director, Business Development & Economic Analysis
(306) 664-0728
jbaczuk@sreda.com

Looking at selling your business?

SREDA has partnered with SuccessionMatching.com to put together an overview on selling your business, which includes a step-by-step process through the five phases of succession planning.

View Guide

Learn more at SuccessionMatching.com

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