Edmundston launches its new wave of municipal incentive programs!

Jan 24, 2023

Due to the great success of the development incentives, City Council has just launched the new wave of 2023-2025 programs including a new incentive to encourage the creation of affordable housing projects in Edmundston. Thus, after analysis, two of the previous programs are back, and a new program is being created.

The "Entrepreneurship, it’s in my nature" program is back and targets business start-ups by offering a non-refundable contribution equivalent to three months' rent (or six months' rent if in one of the municipal development poles) and 50% of the cost of manufacturing a storefront sign.

The "Developing, it’s in my nature" program is also returning. Its purpose is to encourage existing and new businesses to establish and expand within one of the industrial parks in Edmundston by offering a reimbursement of up to 100% of the cost of purchasing a lot.

New this year is the addition of the "Offering affordable housing, it’s in my nature" program, which aims at providing financial assistance to private sector entrepreneurs, non-profit organizations or cooperatives for the construction, acquisition including rehabilitation or conversion of affordable and accessible rental housing projects.

Through this program, the City of Edmundston hopes to stimulate investment in affordable and family housing, propose solutions to the housing shortage, help build dynamic, sustainable, and inclusive neighbourhoods, and offer support to low-income citizens.

City Council has chosen to maintain two programs and create a new one, it’s because the initiative, launched in 2015, continues to bring tangible results, including job creation and an impressive increase in property wealth. "It’s in this spirit that we want to continue over the next few years, while placing particular emphasis on adding to the supply of affordable housing," says Isabelle Laplante, economic development coordinator.

For Mayor Eric Marquis, the programs are excellent tools to encourage economic development. "It's clear that we want to further promote the entrepreneurial spirit in our community, and we want people to choose Edmundston to establish their business and their family. The programs are a considerable asset to development efforts.

Those interested in learning more about the programs and submitting projects can consult the terms and conditions and complete the forms online by CLICKING HERE. 

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CONTACT: Isabelle Laplante, coordonnatrice au développement économique, 506.739.2080, isabelle.laplante@edmundston.ca