The Community Revitalization program is an aggressive incentive program forming partnerships between communities and Northern Development that encourage new development and redevelopment in central and northern BC. Differing from the revitalization tax exemption programs currently available in the region, this program provides an immediate financial incentive for developers.
The Community Revitalization program encourages developers to invest in downtown or community renewal projects, including:
- New market and non-market housing
- Commercial and mixed-use development
- Green development
- Façade improvements
Municipalities have the ability to develop a revitalization tax exemption by-law that addresses its unique vision for attracting investment and increasing the tax base of the community.
In 2011, the City of Prince George entered into a partnership agreement with Northern Development, taking leadership as the initial municipality to utilize the Community Revitalization program.