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Vermillion Growers gets boost

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Vermillion Growers has received some provincial support for its commercial greenhouse project in Dauphin.
During a visit to Dauphin Friday, Economic Development and Training Minister Ralph Eichler announced the development will receive a rebate of up to $4.2 million over a maximum of 20 years through the Manitoba Works Capital Incentive (MWCI).
The province unveiled the MWCI in May 2020 as a new approach to tax-increment financing that rebates the incremental education property taxes generated by a project for up to 20 years. Approved projects receive a tax rebate based on the difference between pre-development property tax revenue and the increased amount generated by the completed project. The program aims to encourage significant new business investment or existing business expansion, noted Eichler.

This week's Dauphin Herald has more on this story.

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Staff Writer
REPORTER
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