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Incentive Programs

Explore Tax Exemptions and Financial Incentives

Maximize your returns and invest for the future - Lamont County has #RoomtoGrow and is #ReadyforYou!

Lamont County is a founding member of Alberta's Industrial Heartland Association (AIHA). This partnership helps promote world-class business opportunities and the attraction of major industry value chains such as oil and gas production, energy, petrochemical, critical minerals, economic diversification, carbon capture utilization and storage, and more. The Industrial Heartland is Canada’s largest hydrocarbon processing region. Lamont County is also well-situated for Agriculture and Agri-processing opportunities.

Lamont County boasts a rich cultural history rooted in agriculture and strong ties to the energy sector, with over 25,000 acres of industrial pre-zoned land available.

Alberta's Industrial Heartland provides significant growth opportunities and attracts global investors as the right location for investment decisions, including the following competitive advantages. 

Lamont County Industrial and Agricultural Development Tax Incentive

New construction and expansion projects located in Lamont County can apply for a tax exemption of 2.5 per cent. The total eligible capital costs plus a blended calculation, lowers the rate to within 20 per cent of the lowest mill rate by any municipality within Alberta's Industrial Heartland.

Incentive scenarios, exemption formulas, processes and guidelines for are outlined in the Lamont County Industrial Heartland and Industrial Zone Tax Incentive Bylaw.

Some of the additional incentives to investing in Lamont County within Alberta's Industrial Heartland and at the provincial and federal levels are listed below: 

Some of the incentives to investing in Lamont County and within Alberta's Industrial Heartland include (Lamont County’s tax exemption incentives are complementary to the opportunities listed below, including further federal and provincial programs): 

Federal Incentives          Provincial Incentives

Alberta Carbon Capture Incentive Program

The Alberta Carbon Capture Incentive Program (ACCIP) will support and accelerate the development of new carbon capture, utilization and storage (CCUS) infrastructure by providing incentives for facilities to incorporate this technology into their operations. ACCIP will help hard-to-abate industries by providing a grant of 12 per cent for new eligible CCUS capital costs.

Alberta Petrochemical Incentive Program

The Alberta Petrochemicals Incentive Program (APIP) is designed to enhance certainty and flexibility for investors and cut red tape for petrochemical projects. Grants worth 12 per cent of a project’s eligible capital costs will be issued to companies after projects are operational. Grants allow companies to account for the full value of the incentive provided when calculating their project’s return on investment.

Heartland Incentive Program (HIP)

The Heartland Incentive Program is a unique incentive program built to encourage industrial development in Alberta’s Industrial Heartland. This program offers incentives to new projects or expansions within the energy value chain. The program provides direct municipal tax incentives valued between 1-2.5 per cent of the project’s total capital cost depending on the project’s qualities.

  • Click HERE to download the HIP Fact Sheet.

Stackable Incentive Programs (SIP) 

We understand the unique challenges and opportunities that exist within the petrochemical industry, and we are committed to helping businesses thrive in this dynamic sector. The wide array of incentive programs available in AIH are designed to provide support to companies, encouraging growth, innovation, and sustainable practices. By accessing these incentives, companies can enhance their competitiveness, accelerate their growth, and stay at the forefront of the industry.

Strategic Innovation Fund

The Strategic Innovation Fund (SIF) supports large-scale, transformative and collaborative projects. SIF can provide flexible supports for strategic projects in Business Innovation and Growth as well as Collaborations and Networks. Early engagement is recommended with the SIF administration team to ensure project alignment and application quality.

Scientific Research and Experimental Development Tax Credits

The Scientific Research and Experimental Development (SR&ED) tax incentives encourage businesses of all sizes and in all sectors to conduct research and development (R&D) in Canada. These incentives include a deduction against income as well as an investment tax credit.

Accelerated Capital Cost Allowance

This Accelerated Capital Cost Allowance offers an accelerated depreciation for favourable tax treatment for approved companies. This program allows investors to write off a larger share of the costs of newly acquired capital assets in the year the investment is made, or the asset becomes available for use.

Learn more about Accelerated Capital Cost Allowance.

Carbon Capture Utilization and Storage (CCUS) Tax Credit

The CCUS Tax Credit offers advantages for those looking to utilize this technology. The program offers 50 per cent tax credits for carbon capture equipment and 37.5 per cent tax credits for CO2 transportation, storage, and utilization.

If you have any questions or would like to discuss any investment opportunities and incentives, please contact our Economic Development Manager at: invest@lamontcounty.ca or 1-877-895-2233 x 216.

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Incentive Eligibility

A project that is deemed eligible for the Lamont County tax incentive must meet the following criteria:

Application Process

Applicants can download the application form and guidelines on this page to begin their application process. Interested applicants are recommended to contact Lamont County Economic Development to discuss their potential eligibility for the program or to notify of an incoming application. Lamont County Economic Development is here to assist you throughout this process as needed. 

Application Process (Section 4 of the Industrial Heartland and Industrial Zone Tax Incentive Bylaw)

Application Form

Lamont County Tax Incentive Bylaws

Lamont County Council recognises the importance of industry and supports attracting new facilities through the goal of Economic Prosperity in its strategic plan.

2030 Strategic Plan

Lamont County Industrial Heartland and Industrial Zone Tax Incentive Bylaw

How We Help

Comprehensive Support for Investors

Choose Lamont County

Lamont County Economic Development works with you to fuel business growth, diversify the economy, and generate employment through investment opportunity assessments, community attraction, regulatory facilitation, and comprehensive information.

Our Economic Development Department helps you achieve your project(s) success, committing to a proactive approach to service to be a driving force and to guide you through every stage of your project, from the concept through to ribbon-cutting and beyond.

What We Offer

We are here to support you on your investment journey through:

  • Support, coaching, and one-on-one assistance;
  • Facilitated introductions and business linkages;
  • Business referrals and connections with local networks;
  • Market research data (economic development tools) and information resources;
  • Trained and knowledgeable staff with expertise in real estate, marketing, and site selections; and
  • We are an agile team with business-friendly and streamlined approval processes.
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