Investment Incentive Programs
Investment attraction helps create local, high-value jobs
Maple Ridge is one of the fastest growing regions in Metro Vancouver; both the population and number of jobs are forecast to almost double by 2040. To accommodate this growth, Maple Ridge has set two key economic development goals: the creation of an economically vibrant Town Centre and the creation of local, high-value jobs.
To accelerate the economic growth, the City is offering two investment incentive programs: the Town Centre Investment Incentive Program and the Employment Lands Investment Incentive Program.
Town Centre Investment Incentive Program
Due to the overwhelming success of the original Town Centre Investment Incentive Program, we've extended the program to the end of 2016. Eligible projects include commercial and mixed-use projects such as hotels, conference/meeting facilities, offices, post-secondary and retail developments and façade improvement projects in the Town Centre.
Employment Lands Investment Incentive Program
Maple Ridge Council is committed to supporting the creation of local, high-value jobs, particularly in the growing technology and advanced manufacturing sectors. The new Employment Lands Investment Incentive Program is specifically designed to encourage job creation by supporting private investment in buildings and infrastructure on identified "employment lands". This incentive supports both new construction and renovation projects.
Employment Lands Investment Incentive Program Brochure
Investment Incentives At-a-Glance
Both incentive programs are designed to accelerate employment growth by encouraging private investment in employment-generating buildings and infrastructure. The incentives include:
- Municipal property tax exemptions (additional exemptions apply to energy-efficient projects)
- Building Permit Fee discounts
- Partnering Incentives that reduce DCCs
- Reduced parking standards (TCIIP only)
- Brownfield Re-development Support
- WorkBC Project-based Labour Market Training assistance
Time is money
We know that time is money, especially for developers. Our goal is to move your project from conception to completion as quickly as possible. That's why we'll work with your team to make the process as business-friendly and simple as possible.
Town Centre Project MapSee an interactive map of the Town Centre Investment Incentive Program projects.