Canada’s Best Places for Business 2016

Grande Prairie, Alta.

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Population: 67,993
Annualized population growth (%) 3.41
Avg. household income ($): 116,401
Total value of building permits issued, most recent year ($): 250,835,329
Avg. office lease rate ($ psf/yr): 11.00
Corporate income tax rate (%): 27.0
City website: www.cityofgp.com

Market

Pop. within 1 hr commuting distance: 105,513
Adults who have completed apprenticeship, trades certificate or diploma (%): 13.42
Adults who have completed university degree (%): 12.46
Adults who have completed bachelor''s degree (%): 77.89
Unemployment rate, most recent month (%): 7.23

Costs

Avg. home price ($): 409,535
Avg. retail lease rate ($ psf/yr): 17.08
Avg. industrial lease rate ($psf/yr): N/A
Avg. general lease rate ($psf/yr): 17.80
Peak electricity cost for businesses ($/kWh) N/A
Peak electricity cost for mid-size commercial business ($/kWh): 0.0350
Peak electricity cost for mid-size industrial business ($/kWh): 0.0350

Taxes & Regulation

Business license cost ($): No fee
Avg. processing time for building permit, most recent calendar year: Less than 1 week
Non-residential property tax rate (% of assessed value): 1.849600
Commercial property tax rate (% of assessed value): N/A
Industrial property tax rate (% of assessed value): N/A
Small business income tax rate, if different (%): 13.5
Sales tax (%): 5
Special regulations or zoning: N/A

Other

Largest employers: Government of Alberta; Weyerhaeuser Co Limited; City of Grande Prairie
Leading industries: Retail; Natural Resources; Government
Value of capital projects >$5 million planned or under construction ($ million): 994,967,296
Special amenities: Grande Prairie attractions include the Phillip J. Currie Dinosaur Museum and the Eastlink Centre. It hosts annual festivals including Stompede and the Street Performers Festival.
Special economic development initiatives: Grande Prairie’s Downtown Incentives Program provides grants to developers for new residential and mixed-use facilities, along with waived fees for water and sewage hookups and deferred taxes for three years on new residential buildings.