|The Killarney region continues to be a great place to invest and start a new business. Many opportunities exist in our stable and growing economy and we are always pleased to be of assistance to new investors.
Municipality of Killarney-Turtle Mountain
Economic Development Grant Program
The Municipality of Killarney-Turtle Mountain would like to introduce an economic development grant Program for new or existing businesses.
Grant is available for Commercial property only;
Maximum grant is $30,000 for the first year;
Only new assessment qualifies to receive a grant;
Grants will not be given for reassessment.
The grant is available for three years for a new business that creates an increase of assessment of 100,000 or more. The business will receive a declining grant equal to the municipal mill rate, excluding school division mill rate, provincial school mill rate and local improvement mill rates. The structure of the three years is as follows: 100% in the first year, 66% in the second year and 33% in the third year.
On an existing business the grant is available for construction that increases the assessment by 50,000 or more. The business will receive a grant equal to the municipal mill rate, excluding school division mill rate, provincial school mill rate and local improvment mill rates. The structure of the three years is as follows: 100% in the first year, 66% in the second year and 33% in the third year.
Businesses that do not qualify under the above criteria may be eligible for a start up grant on case by case bases.
*Below are some helpful resources to assist you in your research. As always, we want you to feel welcome to contact us with any questions you may have.
Helpful Business Links
Community Futures Westman has been in operation since 1987 and is federally funded through the Department of Western Economic Diversification.
The program was established to assist rural communities in the development of strategies for dealing with a changing economic environment. While financial support comes from the federal government, control and operation of the organization rests with a regional board of directors comprised of 15 volunteers.