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Edmonton’s Business Exodus | Edmonton News
Edmonton’s slipping grip on its commercial heart is alarming—its tax base is 80% residential, 20% commercial, while neighboring counties boast a healthier 60-40 split. With industrial construction permits hitting a decade-low in 2024, businesses are fleeing to cheaper, friendlier jurisdictions. Councilor Reed Clarke proposes a business credit to lure growth back into the city, seen by some as a hopeful sign of commitment. But critics call it a Band-Aid, insisting true revival demands tackling fiscal mismanagement and downtown decay. Others add that red tape, rigid design rules, and higher…
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