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Government Relocation Incentives

Snapshot

Category:Business advantagesNational:7
Regional:6Amounts:$5,000 - $500,000

If you're willing (or eager) to move to a new facility or even a new province, you may find financial incentives that make the move much easier. Governments utilize such incentives as tax reimbursements, tax credits, payroll rebates and R&D tax credits to encourage desirable businesses to move or expand into their jurisdiction. One common requirement among all these kinds of incentive programs is the creation of a specified number of jobs at a determined salary within a set timeframe.

Another type of incentive program is the business development fund. These programs are designed to encourage and support strategic investments in new business opportunities for large-scale, export-based petroleum production, manufacturing and servicing.

Training assistance programs are another incentive tool that governments have up their sleeves to entice businesses. Some programs provide financial funding to encourage business owners to create long-term employment opportunities, especially with regards to unemployed individuals and post-secondary graduates. Other programs offer wage subsidies to eligible employers in exchange for employers providing job experiences to post-secondary graduates or unemployed individuals.


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