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.
- Beer Store prepares to open new outlets after steadily shuttering locations
- Polling firm sends Doug Ford legal letter demanding retraction over ‘fake’ poll comment
- B.C. gold mine sues province for suddenly suspending mining rights
- Liberals dismiss ‘tinfoil hat’ privacy fears as lawful access bill passes
“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.