Development Incentive Bylaw

The Town of Neepawa has established a development incentive program to attract new residents and businesses, encourage existing residents and businesses to remain, and to encourage new residential, commercial and industrial development.

Eligible Developments

• The development of safe and legal secondary suites.
• New two-unit dwellings, that are not subdivided, and whereby one of the units is owner-occupied.
• New speculative homes within the Town’s boundaries.
• New multiple-unit residential developments constructed entirely on site.
• New construction of commercial/industrial structures.
• Expansion of existing commercial/industrial structures (incentive applies only to the value of the square footage added to the existing structure).
• Replacements of existing multi-unit residential, commercial or industrial structures may be considered eligible if the incremental assessed value, or difference between the assessment of the new structure and the structure being replaced meets the guidelines under Clauses 24, 25 or 26.
• Interior alterations or renovations to multi-unit residential, commercial or industrial structure may be considered eligible if they serve to increase the taxable assessment of the improvement as per Clauses 24, 25 or 26.
• All development must comply with building code standards and applicable by-laws.

Tax Incentives

• The Secondary Suite Capital Incentive is a one-time grant to offset some of the costs associated with developing safe and legal secondary suites. This incentive provides for up to 50% of eligible expenses to a maximum of $5,000 per property.
• Developers will be eligible to receive a tax credit for various Residential Developments, including Two Unit Incentives, Speculative Residential Incentives and Multiple-Unit Residential zoned property. Details on these incentives can be found in the bylaw below.
• To encourage large Industry and Manufacturing businesses to locate, operate and provide employment within the Town of Neepawa, development that increases the assessed value of a property by a minimum of $500,000.00 will be eligible to receive tax credit incentives over a period of two (2) years. To encourage large Industry and Manufacturing businesses, development that increases the assessed value of a property by a minimum of $1,000,000.00 will be eligible to receive progressive tax credit incentives over a period of four (4) years.

For full program details, types of tax incentives, and how to apply, please view the By-Law.