Business Incentive Initiative Program
The Yorkton Business Improvement Incentive Program (BIIP) is the replacement to the suspended City of Yorkton eZIP program. The BIIP is a City of Yorkton led, city wide business improvement initiative to encourage all commercial property owners in the City of Yorkton to enhance the appearance of their buildings and to help lower costs for the creation and expansion of locally-owned businesses.
YBID is excited that the City of Yorkton has revitalized these commercial business development and support initiatives and we are pleased that we could also partner with them – in a small way – to expand the offering specific to Commercial Property Site Improvements that many of our YBID members wish to undertake.
Façade and Site Improvements Incentive
This program encourages building façade updates, but also provides YBID members the opportunity to apply to the program in support of other site improvement projects. YBID is proud to partner with the City of Yorkton in support of the broader business improvement efforts and activities of our members.
New Construction Incentive
This encouragement program provides incentives to applicants who are constructing a new commercial building. The goal of this program is to help expand our local businesses and invite new businesses to our city.
Vacant Building Tax Abatement Incentive
This program provides incentives for vacant buildings or vacant portions of buildings that are occupied by new, locally-owned businesses. The intention is to offset the cost of bringing the building up to the National Building Code and to stimulate economic activity. The goal of this program is to make commercial areas more inviting and visually appealing to visitors and residents, increase property values, and build civic pride.
How To Apply
The City of Yorkton is beginning to take applications for 2025. The annual BIIP grants are approved prior to the beginning of the construction season. Businesses pay up front for the improvements, but with secured funding in advance, you can confidently proceed knowing the reimbursement is ready to go. Applying is done online only, through The City of Yorkton's website.