Lumby considers tax incentives

Lumby’s economy could receive a boost through tax breaks.

Council instructed staff to investigate the possibility of a revitalization tax exemption for businesses and developers.

“We want to encourage capital investment in the industrial park and commercial areas,” said Mayor Kevin Acton.

“We need to get some jobs here at home and that’s what we’re going to try and do.”

Coun. Jo Anne Fisher supports gathering information but points out that tax incentives ultimately have to be paid by someone.

“I don’t want it to be a burden born by residential taxpayers,” she said.

“If it’s done correctly, it could be very beneficial. We definitely need some economic development and I want to hear what the business community has to say about this (incentives).”

Lumby will look at the actions taken by other communities that have initiated tax exemptions as part of an overall plan to stimulate the economy.

“We will look at Fernie, Clearwater and Logan Lake,” said Acton of similar sized communities in the province.

Vernon has also gone through a similar process for its downtown and waterfront areas.

Acton believes tax incentives could help develop long-standing vacant lots, as well as the former Nap’s building, which was destroyed by fire earlier this year.

“It could give them the incentive to build something there,” he said.


We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

New commander in charge of Lake Country RCMP
High water remains a concern throughout North Okanagan
Alberta artist to sing from the soul
One last holdup on B.C. railway tracks
LNG tax drops in softer gas market
Peach City Radio faces big challenge
Terrace RCMP look for three men
Date set for murder trial of Terrace girl in Kamloops
Dutch Valley residents demand flood protection

Community Events, October 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Oct 19 edition online now. Browse the archives.