Economic Diversification and Growth Enterprises Program (EDGE)

The EDGE program offers a 10 year tax holiday to qualifying companies from provincial corporate income tax and payroll tax, followed by a five year phase-in of these taxes. A 10 year tax holiday from property taxes and/or business tax is also offered by municipalities declaring themselves as EDGE participants. The program also offers the lease of unserviced crown land for a nominal fee and the services of a dedicated government facilitator to new or expanding businesses. To be designated as an EDGE corporation, the applicant must show the potential for a minimum capital investment of $300,000, or incremental sales of $500,000 annually. The applicant must have the potential to create and maintain at least 10 permanent jobs in a business consistent with the principle of sustainable development. Effective January 1, 2002, companies receiving EDGE status may be eligible for an enhanced tax holiday. The new legislation will enhance EDGE benefits for rural areas by increasing the tax holiday period for businesses that establish or expand outside the North East Avalon area from 10 years to 15 years.

• To support EDGE corporations

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