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New Financial Incentive Program for the Industrial Park

parc industriel

Ville de Châteauguay is pleased to offer a completely new program that aims to encourage future investors to move into its industrial park. This initiative was confirmed at a regular City Council meeting on January 22. 

Effective immediately, building owners included in an evaluation unit listed as a “manufacturing industry” can benefit from a tax credit. This program will stimulate investments in the region in order to increase the City’s real estate wealth and create jobs.

Eligibility criteria*:     

  • Be a company in the manufacturing industry.
  • Be an owner of an industrial building. 
  • Make an investment to expand, renovate or construct a building.
  • Generate a minimum additional real estate value of $500,000 following work.                    

Property tax credit for five fiscal years: 

BASE YEAR TAX CREDIT
1 100%
2 80%
3 60%
4 40%
5 20%

The program runs from January 26 to December 31, 2018. This initiative is in addition to others implemented over the past year to stimulate economic development in the region. 

Any company wishing to obtain more information about this measure should contact the  Division  Planification et développement at 450-698-3010 or at developpementeconomique@ville.chateauguay.qc.ca and visit the City’s website: ville.chateauguay.qc.ca/parc-industriel.

*Other conditions may apply.

Last update: 2018-02-23 14:51