Tuesday, February 25, 2014

Moose Jaw Times-Herald: Council implements new tax incentive program

Bert Olson, chair of the economic development
commission’s investment attraction sub-committee,
speaks about the new tax incentives program
to council at the Feb. 24, 2014 meeting. The
program was approved in a vote of 4-3.
Times-Herald photo by Lisa Goudy
By Lisa Goudy


New and expanding businesses will be able to take advantage of a tax incentive.

“The goals were actually to send a clear signal that Moose Jaw is competitive and open to business,” said Bert Olson, chair of the economic development commission’s investment attraction sub-committee. “It would attract investment for new companies. It would be a factor to consider for increasing your existing business and … to demonstrate a strong gain in the tax base over time and it should not be at the expense of the existing city revenues.”

After heated discussions, the majority of council approved the economic development commission’s recommendation to approve the tax incentive program at Monday’s council meeting.

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