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    Interested in doing business in Prince George? Learn more about economic development in PG
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Incentives

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Phone: 250-561-7633

Economic Development
1100 Patricia Blvd.
Prince George, BC
V2L 3V9

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construction of Marriott Hotel

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The City of Prince George offers a number of incentives to businesses and developers to create commercial activity  and development in growth areas like the downtown.

Page Content

Index

  • Development Incentives
  • Downtown Incentives
  • Downtown Façade Improvement Grant Program
  • Venture Capital Programs
  • Northern Development Initiative Trust


Development Incentives

Development Incentives.jpgThe City of Prince George offers a variety of initiatives to encourage businesses and developers to create commercial activity and development in local growth areas.

Downtown incentives and other programs are all designed to improve or revitalise the community, increase competitiveness of local companies, and spark innovation by helping small enterprises access capital and tax incentives to fuel their growth and development.

  • Download the Development Incentives brochure



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Downtown Incentives

The downtown incentive program offers 10-year municipal tax exemptions for eligible commercial and multi-family development in the downtown area. 

Other benefits for development projects in downtown Prince George include:

  • Low Development Cost Charges (DCCs).
  • Waived parking requirements for new developments in most of the downtown area.
  • A wide variety of compatible uses, including office, hotels, housing, retail, restaurant, personal services and recreation.
The Downtown Revitalization Tax Exemption program will be discontinued on September 30, 2024. All applicable projects must be approved by the City of Prince George Planning and Development Department and construction must be completed by the September 30, 2024 deadline.

For more information:
  • Learn more about commercial real estate in Prince George
  • Learn more about the Revitalization Tax Incentive Exemption Program


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Downtown Prince George Façade Improvement Grant Program

Downtown Prince George (DPG) offers the Façade Improvement Grant Program to encourage businesses in the downtown area to make improvements to their building or business frontage. To be eligible for the one-time grant, buildings must be in the Downtown Prince George C1 Zone. Businesses can receive a 25 per cent reimbursement grant (up to a maximum of $5,000) per building/project. Projects must not exceed $200,000.

  • Learn more about the DPG Façade Improvement Grant Program


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Venture Capital Programs

The Province of British Columbia offers four (4) key programs to help small businesses access capital for business start-ups and expansion. These Venture Capital Programs provide tax credits to investors making direct capital investments in BC-based small businesses or indirect investments through specialized venture capital investment funds.

Tax credits offered under the Small Business Venture Capital Act (SBVCA) and the Employee Investment Act (EIA) support up to $168 million of investment capital annually, as well as continuous access to early-stage venture capital for small businesses.

  • Learn more about BC's Venture Capital Programs
  • Download the Investment Capital Program guidelines [PDF]
  • Learn how to apply to Investment Capital Programs [PDF]


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Northern Development Initiative Trust

The Northern Development Trust is an independent economic development corporation focused on stimulating growth and job creation. The Trust works through more than a dozen funding streams and programs to help municipalities, regional districts, First Nations communities, and non-profit organisations throughout central and northern British Columbia foster economic activity.

The Trust has attracted more than $1.2 billion in new investment to the region as of June 30, 2015, and $130 million in funding has supported the development of 1,820 projects, creation of 6,189 jobs, and formation of 2,817 partnerships with 856 organizations.

  • Learn more at the Northern Development Initiative Trust website


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