A wide range of initiatives have been developed to ensure welcoming and sound policies are at the forefront of our decision making processes. We have been supporting and working with the Greater Corner Brook Board of Trade, The Downtown Business association, the Corner Brook Visitor Information Centre, industry stakeholders, government agencies and others to provide a variety of services and support to businesses.
In 2017, Council also provided over $ 250,000 in community grants to support the work of community organizations and groups who bring events, tournaments, and visitors to our City to the benefit of local businesses.
We are here to help businesses grow and prosper. The City of Corner Brook is supporting regional economic growth as a catalyst for transforming the City and long-term success for the community. below are just some of the initiatives we have developed at the City to support local businesses.
As a part of the Corporate Priorities Plan, we have established the following priorities for 2017-2020:
Strategic Priority I: Invest in Quality Infrastructure Development
Strategic Priority II: Economic Development and Population Growth
Strategic Priority III: Revitalize our Downtown
Strategic Priority IV: Sustainable Development and Sports and Eco Tourism
Economic Development Initiatives at the City of Corner Brook:
1. Downtown Urban Design Action Plan
The Downtown Revitalization Project involves the beautification and revitalization of two parks and five traffic islands in the downtown sector. The plan includes new wayfinding, curbs, walkway, sidewalks asphalt patching, sod, park benches, traffic signage, and heritage lighting.
Total Cost is approximately $1.3 million*
2. Corner Brook Civic Centre Conferencing Upgrade Project
The project involves renewing and upgrading existing facilities to respond to the needs of a changing city. It also includes formulating an actionable strategy for exploring and realizing opportunities in the provincial and national convention market.*
Total Cost is approximately $805,000
3. Business Improvement Program (BIP)
The BIP is an initiative aimed at improving the frontal appearance and/or landscaping of commercial properties in the City, while maintaining their traditional character and appeal.
Total Budget for the Tax Credit is $50,000 per year
4. Paint the Town Program
The City of Corner Brook is partnering with the Corner Brook Downtown Business Association, Delux Paints, and the Paintshop to beautify the downtown.*
Total Cost $1,000
5. Incremental Tax Grant program
The City of Corner Brook tax grant program is intended to attract investment in developing, redeveloping or renovating vacant buildings. The program allows eligible investors to receive a tax grant for 5 years.
6. Economic Development Seminar
On June 13th and 14th, 2017, the City of Corner Brook hosted an Economic Development Seminar with keynote speaker Roger Brooks, an expert on travel, tourism, downtowns, community branding and destination marketing. The focus was on building on the competitive strengths of Corner Brook and the region. It was a start to a long-term strategy for sustainable economic activities along with promotion of the region as a preferred destination for investors, tourists and immigrants.*
Total Cost is Approximately $40,000
7. Business Incentive Policy
The Business Incentive Policy provides exemptions of business tax for the first four years of operation. The tax incentive is offered to new noncompetitive industrial developments in the industrial parks. It is also available to current businesses that relocate to industrial parks from their current location, in which their business use is no longer an appropriate use in the zone.
8. General Commercial Business Tax Reduction
In 2017, the General Commercial Business Tax rate was reduced from 17.0 mils to 16.75 mils.
Business Community Savings is over $40,000
9. Cruise Tourism Support
To support local businesses the City of Corner Brook invests in cruise visitors by providing operational and Public Works support.
10. Business Facilitator
The Business Facilitator provides assistance and resources for businesses looking to open or expand, including:
– improving the level of communication and engagement in the business community
– connecting entrepreneurs with programs to help start, expand, or operate a business
– new business initiatives and programs
– streamlining the internal process to improve operational effectiveness, efficiency and business support across the organization
11. Working with Developers and Businesses to Improve Processes and Streamline Regulations
Over the last three years City Council has been working on improving and streamlining business development processes among its priorities. Since then great strides have been made to improve efficiency and reduce delay through mapping, analysis, process redesign supporting resources, and implementing change.
12. Public Transit
The City of Corner Brook is working with professional consultant and funding agencies to develop a Public Transit Feasibility Study designed to provide a sustainable, efficient and convenient public transportation network.
Approximate cost $ 50 000* (pending federal funding approval)
*additional support provided by Atlantic Canada Opportunities Agency ACOA, Government of NL, and DBA, Delux Paints, and the Paintshop