We’re working to ensure Red Deer has a strong, dynamic economy, fostered by entrepreneurship and innovation.
A new funding opportunity was created in 2019 resulting from City Council approval of eight initiatives to support a diverse local economy and vibrant downtown. Of these eight initiatives, five involved financial incentives to spur economic activity and residential development in the Greater Downtown. The rebates and grants described below were available through two intakes in 2020.
Through the program, 33 downtown development projects received funding. 11 projects are complete and construction is underway for most others. All funded projects are expected to be complete by December 31, 2021.
This incentive program has achieved the intended objectives of supporting downtown businesses to revitalize their locations, fostering safe and appealing public spaces, creating quality housing options in our downtown, and promoting a business and development friendly atmosphere in our city.