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Incentives
The North Bay City Council has reduced Industrial taxes by 66% to one of the lowest levels in Ontario and eliminated Industrial Development charges. They 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.
North Bay's industrial parks offer fully-serviced land at attractive prices, choice of location and size of parcel, combined with Provincial and Federal incentives. In addition to its low industrial tax rate, North Bay provides added economic benefits for companies planning to locate or expand within the City.