Edmonton city council is working to grow the industrial business sector, but with rising property taxes, retention and attraction are becoming more difficult.
In the last 15 years, Edmonton’s regional industrial tax base has dropped from 72 per cent to 60 per cent.
Get daily National news
Complicated processes for businesses to start, and a lack of ready-to-develop land are some of the ongoing issues, according to prospective industrial developers.
Mayor Amarjeet Sohi said that is why during the latest budget deliberations, city council voted in favour of investing to streamline the approval process.
- Manitoba Métis Federation president David Chartrand runs uncontested for 4th time
- Do Canada’s defence promises exceed results? Experts echo U.S. criticism
- N.B. tables bill to create energy advocate to represent residents, small businesses
- Conservatives push motion to scrap all federal gas taxes for rest of year
“Having more industrial growth within city boundaries is essential for job creation (and) economic growth,” he said. “And at the same time, reducing our dependency on residential property taxes.”
Watch the video above for more on this story.
Comments
Want to discuss? Please read our Commenting Policy first.