The Town of Neepawa has introduced a new development incentives program aimed at encouraging residential, commercial, and industrial growth across the community. The Town of Neepawa passed By-Law No. 3233-24, the Development Incentives By-Law, on December 3, 2024, with the program coming into effect on January 1, 2025. It replaces the previous policy, By-Law No. 3176-17.
The new bylaw, enacted under Section 261.2 of The Municipal Act of Manitoba, is designed to attract new residents and businesses, encourage existing residents and businesses to remain, and support the development of safe and legal secondary suites. It includes a capital grant for secondary suites that covers up to 50% of eligible expenses, to a maximum of $5,000 per property. The secondary suite program is capped at five suites per year, for a total of 20 suites over a four-year application window.
The bylaw also offers a range of tax credit incentives. Two-unit owner-occupied homes can receive a credit equal to 50% of municipal taxes for two years, while new speculative homes are eligible for a tax credit of up to 24 months. Multiple-unit residential developments that increase the property’s assessed value by at least $500,000 qualify for a four-year progressive credit (80%, 60%, 40%, and 20% in years one through four). Commercial and industrial projects increasing assessment by at least $500,000 are eligible for 50% of municipal taxes for two years, while projects of $1,000,000 or more qualify for the same four-year progressive structure as multiple-unit residential.
The bylaw was signed by Mayor Brian Hedley and Chief Administrative Officer Colleen Synchyshyn. Application forms are available through the Town of Neepawa, and approvals are administered by the CAO under the criteria set out in the bylaw.
