Incentive Programs to promote Development and Growth
Launched on January 1, 2021, the City of Bathurst’s Incentive Programs for Municipal Growth and Economic Development seeks to assist residents who would be first-time homeowners or who are planning a home construction project, entrepreneurs planning a business start-up, establishing in a vacant building or building a new commercial structure.
FIRST-TIME HOMEOWNERS AND RESIDENTIAL CONSTRUCTION
Financial contributions range from an amount up to $2,500 for a first-time homeowner or tax rebates over three years for residential construction. Any new business start-ups would be eligible for up to $5,000 for a 6-month rental in the Downtown area and up to $2,500 in other areas of the City.
PROPERTY ENHANCEMENT AND WATERFRONT LUXURY CONDOMINIUM PROJECTS
For those who proceed to the demolition of vacant, dilapidated buildings to make room for a new construction, 50% of the cost of demolition, up to $25,000, will be available. As well, construction projects of waterfront luxury condominiums in Downtown Bathurst, on Riverside Drive and in East Bathurst will also be eligible for tax rebates, over four years in this case.
FOR FURTHER INFORMATION:
(506) 548-0702