Business Tax Incentives | Applications | Business Supports

Invest in CBS

As the second-largest municipality in Newfoundland and Labrador and one of the fastest-growing, Conception Bay South offers exceptional opportunities for business investment. With a trade area of over 237,000 people within a 30 km radius, our town is a prime location for commercial, industrial, and tourism development. A strong, diversified economy and increasing private investment make this the ideal place to start or grow your business.

Business Resources & Support

Conception Bay South is committed to fostering a business-friendly environment. Whether you’re launching a new venture or expanding an existing one, we offer a range of tools and programs to support your success.

• BizPal – Simplify Your Permits: Not sure what permits and licenses you need? BizPal makes it easy. Answer a few quick questions to generate a customized list of permits required at the municipal, provincial, and federal levels. Get Started with BizPal.
• Interactive Zoning Map: Use our online mapping service to explore zoning regulations, land use information, and existing business locations to find the perfect spot for your venture. Explore the Map.

Business Tax Incentives

We offer tax incentives to encourage new and expanding businesses, ensuring growth in key commercial sectors.

Standard Business Tax Reduction

Eligible businesses can benefit from a phased-in tax reduction over three years:

• Year 1: 75% tax reduction
• Year 2: 50% tax reduction
• Year 3: 25% tax reduction

To qualify, businesses must submit a market analysis as part of their business plan and express interest in writing before obtaining an occupancy permit.

Flexible Tax Incentive Program

If your capital investment exceeds $1,000,000 and you are not accessing other incentives, you may qualify for customized tax relief to help reduce costs and streamline operations. Apply for our Flexible Tax Incentive program using the form found below under Applications.

Apply

Ready to make an application to start your venture? The next step is to apply for a business permit. Applications forms are available below. Prior to a business being given a permit to operate, there are a number of reviews and approvals required. Depending on the nature of the business, some of these may come from organizations other than the municipality.  For more information, please contact the Planning and Development Department at (709) 834-6500 ext. 401 or [email protected].

Applications

Business Support Organizations

Conception Bay Area Chamber of Commerce: Join a network of local businesses and receive a $100 business tax discount as a member. The Chamber advocates for business interests and provides valuable networking opportunities. Learn More.

CBDC Cabot – Small Business Financing & Support: CBDC Cabot helps entrepreneurs with financing and business development support. Connect with CBDC Cabot at (709) 834-1000 and learn more by checking out the CBDC Cabot Profile.

Canada Small Business Financing Program: The Canada Small Business Financing Program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders.  For more information download their PDF pamphlet or click here to find a lender near you.

Business Benefits Finder: Discover federal, provincial and territorial programs and services designed to help Canadian businesses grow, with the interactive business benefits finder. This tailored list will be kept up to date as new programs are added. You can also sign up for the notification feature to receive emails when there are changes to your favourite programs, when application deadlines are approaching, or when a new program that meets your needs is introduced.

Federal Government Services for Small Business: Get tools and information on what to consider before starting a business. Get information to help you identify opportunities to grow your business. Learn how to fuel your R&D and innovation projects through government grants, contributions and loans, as well as private sector financing. Learn about programs and services available in your region to help your business succeed.  Find out more about the municipal, provincial, territorial and federal permits, licenses and regulations that apply to your business.  Learn how to handle day-to-day operations, including budgeting, marketing and payroll deductions and more. Overview of federal government Services for Small Business

NL Business Navigator: NL Business Navigator service can provide a one-on-one, personalized service for inquiries relating to establishing and/or operating businesses in Newfoundland and Labrador.

Start your business in Conception Bay South

Need help? Contact our team today at 709-834-6500 ext. 703 or [email protected].