Advocacy Success: Municipal Economic Incentive Zones

The Chamber was successful in lobbying the municipal government to create a bylaw which would offer incentives for new development and redevelopment in targeted areas of the city including the elimination of Building Permit Fees and property taxes for up to 5 years as well as reduced Development Cost Charges for qualified projects. This has led to the development of highly successful ‘Economic Incentive Zones’ stimulating economic growth throughout Penticton.