Mayor Survey Question 7
What do you think is the best approach to attract businesses to Red Deer? Direct incentives to specific businesses, paid for by slightly higher taxes, or lower tax rates for all businesses.
Brad Magee:
We have a great central location in Alberta which is a significant incentive on its own. Within the diversity part of my platform, I want to offer tax breaks and incentives to any and all businesses within the city. Both established and new businesses will benefit from this. A business that is struggling may find the extra capital they need to keep their doors open, while new businesses while find the cost less to get to their opening day. These incentives will last for one year, in which they will have been able to keep that capital in their accounts, or use it for certain things to help their business move forward. There will be specific requirements that will need to be met in order to qualify for this incentive.
Ken Johnston:
The best attraction for business is a friendly open for business climate with low or no red tape. But there are times when incentives play a role and those incentives are lower taxes that must equate to a net return on investment in jobs and economic activity.
Buck Buchanan:
I think we need to know what businesses need, I have been told by business People that Red Deer can be difficult to deal with in the permitting process (Red Tape), we need to rectify this. Council has been told that this is getting better and quicker but we are not there yet. I would like to see a Mayors Task Force formed to advise as to what we could do exactly to try to answer your question.
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