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Town of Riverview / News / Riverview announces new financial incentive program for developers

Riverview announces new financial incentive program for developers

On Wednesday, September 19, the Town of Riverview announced the launch of an incremental tax-based rebate program for investors planning significant development, redevelopment or any other construction activities in the Town’s commercial zones.

Shane Thomson, Director of Economic Development at the Town of Riverview, announced the incentive program during a networking mixer at the Fundy Chocolate River Station to a crowd of more than sixty business professionals, entrepreneurs and community leaders. This event marked the launch of Riverview Business Connects, an initiative geared towards bringing Riverview business owners together in hopes of creating lasting connections and potential partnerships.

“This Community Improvement Plan provides financial incentives to property owners who revitalize, strengthen and diversify the economy in Riverview by promoting private sector investment, development, redevelopment and construction activity on all commercial lands in Riverview,” says Shane Thomson, Director of Economic Development.

The Town of Riverview’s new Financial Incentive Program offers a notable rebate on the overall economic value of a proposed development project. Successful applicants will receive a percentage of the post-project’s assessed values over a number of years. This competitive rebate program promises significant financial savings and increased cash flow in the critical stages of development.

“Investment in a rebate program like this delivers on the Town’s Strategic Plan theme of ‘Smart and Sustainable Growth’ by attracting and offering support to new developments that align with Riverview’s commercial growth plan,” says Colin Smith, Chief Administrative Officer at the Town of Riverview.

The Town anticipates that these grants will act as a catalyst for increased development activities in the town, which will in turn attract further businesses, residents and employment. Further information, program criteria, and the application process can be found online. ­­­

Media Contact

Tahlia Felatte

Economic Development Officer­
Town of Riverview
506-387-2141
tferlatte@townofriverview.ca

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