Prince Albert offers investor tax break
February 2, 2006 By Pulp & Paper Canada
In an effort to drum up interest in the local pulp and paper mill, the city of Prince Albert is offering a total of…
In an effort to drum up interest in the local pulp and paper mill, the city of Prince Albert is offering a total of $3 million in tax concessions to investors in the facility.
According to a report by the Prince Albert Daily Herald, the city is already providing Weyerhaeuser with the tax break, and will carry the concession through to any new buyer.
The report further confirmed that the town helps the mill through low residential property and labour costs, despite that its business operating costs are ranked fourth lowest in a multi-industry study of 121 cities in 11 industrial countries.
“It would be equitable for the province, on behalf of these communities, to provide further concessions if required rather than seek additional concessions solely from taxpayers residing in the City of Prince Albert,” the Herald reported Mayor Jim Stiglitz as saying.
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