To support your investment ideas and to help grow our community several development incentives have been adopted. The incentives were developed with the community in mind and they strike a balance to enable a variety of residential and commercial growth options.
The purpose of this development incentive is to:
Revitalize a privately owned vacant, abandoned, derelict or poorly conditioned residential property and receive a municipal tax credit of up to $10,000.
Add a residential backyard suite to a privately owned residential property and receive a municipal tax credit up to $10,000 (building conversions apply).
The purpose of this policy is to ensure the Town has a complete housing stick to serve a diverse population. Setting the stage begins with an inventory of developable land that accommodates varied building types.
We invite interested parties to purchase any residential vacant parcel of land that is owned by the Town to build a home within 2-years of its purchase. Municipal tax credits are offered up to $15,000 upon occupancy of an approved residential new build. For details on what is offered, read the policy below.
The purpose of this development incentive is to:
The Town is constructing large lot residential parcels (2-4 acres) for purchase and development. Find your perfect partially serviced parcel at $60,000 per acre. Upon purchase, buyers will receive three years of municipal tax credits from the date of title transfer. The Town is open to negotiations on multiple lot purchases (3 or more at one time). Lots may be purchased anytime. Titled parcels will be ready by late Spring early Summer 2025.
The purpose of this development incentive is to support a complete housing stock to service a diverse population. 5A Avenue infill lots invite small home developments up to medium density.
A municipal tax credit is available up to $15,000 for new permanent builds relative to the properties listed in the policy. The lots have municipal water/sewer services to the property line and are available for immediate development. Interested in a small home, micro home or tiny home – find out more here!
The purpose of this development incentive is to:
If you build a new commercial or industrial development in Bassano with a minimum assessed values of 250,000 you are eligible for a municipal tax credit of up to $25,000.
To grow a region is to grow a community and we believe strongly in the value of collaboration and partnerships. There is a wealth of information and resources available weather you are looking to build your first home, expand your business, start an entrepreneurial venture, or to purchase land. You just need to ask.
Here you will find some of our core business partners. Browse their offerings, and reach out to any of the main contacts – everyone is more than happy to assist by answering questions or providing guidance.
Stack local development incentives with other programs offered through the Brooks Newell Region. There is lots of opportunities to leverage through Brooks Newell Region. They are also our administrative body for the Alberta Advantage Immigration Program.
Community Future Wild Rose is a great business resource. They are a non-profit organization with a strict mandate to build an economically diverse future for the communities of the region. Their knowledgeable staff supports small businesses in starting, growing, expanding, franchising, or selling their business. They provide specialized business training, and networking events, and offer flexible business loans.
The Palliser Economic Partnership (PEP) connects Southeast Alberta to markets and investments in Canada and abroad. Learn about communities, economic sectors, and investment attraction by speaking with a PEP representative.
