A program in the City of Cold that can pretty up the streets is being extended. The city announced it will be extending the Business Retention and Attraction Incentive Program for another year. Mayor Craig Copeland says part of the reason the program is coming back is the interest businesses have shown.
“Others have kicked the tires to see if the program is going to continue. We had good success last year and we’ll keep it going for another year.”
BRAIP was started in 2010. It grants tax rebates for business owners that are beginning construction based on commercial property taxes. It also allows for a grant if an owner wants to renovate their business in a cosmetic nature.
Copeland says the program is a helping hand for someone looking to modernize the look of a building in the city.
“A lot of people know that there is a lot of older, commercial buildings in Cold Lake. If they want to re-purpose them, we’d help out with this program.”
The new deadline to submit a project is December 31, 2019. Plans have to be submitted through the Planning and Development Department at City Hall.