Small Business Equipment and Technology Incentive

Overview of the Small Business Equipment and Technology Incentive program:

The Small Business Equipment and Technology Incentive encourages resident small business owners to invest in equipment and technology that will increase efficiency, productivity, and competitiveness for their business. The Incentive will cover up to 50% of eligible costs, to a maximum of $5,000 per asset. For the purpose of this incentive, an asset will be defined as either a single piece of equipment or several components which form a technology system.

Benefits of the Small Business Equipment and Technology Incentive program:

• The Incentive will cover up to 50% of eligible costs, to a maximum of $5,000 per asset. For the purpose of this incentive, an asset will be defined as either a single piece of equipment or several components which form a technology system.

Eligibility criteria of the Small Business Equipment and Technology Incentive program:

• To be eligible for the Small Business Equipment and Technology Incentive:
  • Applicants must have a valid Resident Business License to operate within the City of Fort Saskatchewan
  • Applicants must have less than 50 employees
  • Applicants who are in arrears of municipal taxes or utilities for any owned property in Fort Saskatchewan will not be eligible
  • Applicants who have previously received a Business Development Program Grant from the City within the past 3 years will not be eligible. The lone exclusion is if they have received the Small Business Education Grant