The Woodlands CDC Business Incentive Program is to provide a monetary incentive (a tax reimbursement over 3 years), for businesses locating or expanding in the Rural Municipality (RM) of Woodlands. For businesses locating in the RM, the incentive amount is calculated based on the assessment value for new building construction. For expanding businesses, (or upgrades to existing structures), the incentive amount is calculated based on the increased assessment value resulting.
To qualify for incentives, developments must meet established criteria:
1. Requests must be made in writing to the CDC Board and include the attached Application Form (Schedule “A”);
2. The CDC Board will review all requests to determine if the development meets the program criteria. All information is held strictly in confidence.
3. The CDC Board will respond to each request in a timely manner. In certain circumstances it could take up to 18 months for an application approval, as the province sends an annual assessment report to the RM which is required to calculate the incentive amount.
4. Decisions are final and not subject to appeal.