Business Grants and Supports

Business

The Town of Edson offers a Business Beautification Grant each year for those in the Downtown area or along Highway 16.

The Streetscape Beautification Grant has been instituted by Edson Town Council as an incentive to work together with property owners, encouraging a positive, memorable image to attract visitors, business and residents alike.  In an effort to reinforce this image, Town Council has set aside funds to assist property owners along 2nd and 4th Avenues, along Main (50th) Street between 1st and 7th Avenues and along 3rd Avenue between 48th Street and 52nd Street to beautify their property by providing 50% of the cost of their beautification project to a maximum grant amount of $5,000.00 to successful applicants.

Beautification Grant Brochure

Beautification Grant Application Form

Streetscape Beautification Grant Policy

Go To Image Link

 

Community Futures West Yellowhead also offers a business loan to help cover the costs of the applicant's portion of the grant. For more information please contact Community Futures West Yellowhead at 780-865-1224 or 1-800-263-1716.

Small Business Loan Program

The Town of Edson and Community Futures West Yellowhead (CFWY) understand the difficulties the COVID-19 pandemic has caused the small business community. As a result, the Town of Edson has made funds available to CFWY to provide support and assistance to Small Business and non-profits through the Edson Small Business Loan. Owners impacted by the COVID-19 pandemic can apply for loans up to $25,000.00.
 
The Edson Small Business Loan was created to promote entrepreneurship and business retention during COVID-19, business recovery and increasing the potential of businesses to pivot and reimagine their business models for future success.

APPLY NOW

General Details
• Maximum loan of $25,000
• 0% interest for the first 180 days
• No payments are required until the 181st day after the loan agreement is signed, then payments will continue until the loan balance is paid in full.
• Principal repayments can be voluntarily made without penalty within the first 180 days after the loan agreement is signed
• The full balance must be repaid no later than 3 years from the date the loan agreement is signed.
• Loans will be at a fixed interest rate of 3%.
 
 
For more details on the Program, and for application information (available now) visit the Community Futures Website --> http://westyellowhead.albertacf.com/edson-small-business-loan
 
Edson Business Liaison Heather Cokes can also be reached at 780-865-1224
 

Non-residential Property Taxation Incentive Program

At the August 18th, 2020 Town council meeting, All three readings of the Non-Residential Property Tax Incentive Program Bylaw were passed, repealing the previous version. The purpose of the incentive is to encourage new development and redevelopment of non-residential properties within the Town and to encourage economic growth.

This program is for new development, additions, renovations, or expansions (permanent), with the assessed value being greater than or equal to a 25% increase over the previous assessment. The tax exemption would apply to increase in assessment only.

The period of tax exemption is five (5) years pro-rated as follows:

  • Year 1 –100%
  • Year 2 –100%
  • Year 3 –75%
  • Year 4 –50%
  • Year 5 -25%

 

Local Business Supports

Community Futures

Community Futures West Yellowhead is available to chat with via phone or email should you have any concerns or questions about your business.

780-865-1224, or email nrobbins@albertacf.com 

Community Futures West Yellowhead has numerous business coaches available for businesses to reach out to in order to talk about what they are experiencing in their businesses. We have tools and financial support that they are able to access and we have a great referral system that if we can’t answer the concern, we can find someone who can.

Our office in Hinton (we have one person here everyday) 780-865-1224

Nancy in Jasper

Benita in Hinton

Heather in Edson and Yellowhead County

Emily in Grande Cache

Coaching appointments can be made by email to nrobbins@albertacf.com, through our website at www.westyellowhead.albertacf.com and by calling the numbers above.

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Edson and District Chamber of Commerce

The Edson and District Chamber of Commerce is also available via phone or email. 

780-723-4918, or email edsonchamber@gmail.com

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Town of Edson

Reach out to Economic Development Officer Kundiso Nyambirai with the Town of Edson to discuss your business plans in the community. He can be reached by phone at 780-723-4402 or by email at kundison@edson.ca.

The Town of Edson Planning department can also assist by calling 780-723-4402 or emailing engineeringandplanning@edson.ca.

 

Provincial Supports

Alberta Biz Connect

Workplace guidance and supports. This includes grant opportunies from the Province.