If you have settled in North Bay and are planning on investing in an existing company or opening a new one, there are several municipal, regional, provincial and federal incentives that may help.
On a municipal level, the North Bay City Council has reduced industrial taxes by 66% (one of the lowest levels in Ontario) and eliminated Industrial Development charges. It also introduced a 20-year commercial tax reduction program that is stimulating strong growth in that sector. This supports our strategy of providing a very competitive operating cost environment. Our financial incentive programs also help offset both operating and capital project costs.
There are a number of funding bodies available provincially and federally that provide investment incentives. Contact the City of North Bay's Economic Development Department for specific inquiries.