The Little Potato Company has qualified for Alberta’s Agri-Processing Investment Tax Credit program by building a new facility to produce ready-to-cook potatoes.
The program was introduced last spring.
The company is building a new $39.5 million project in Nisku to double its processing capacity and produce more packaged potatoes with seasonings that can be quickly roasted, microwaved or grilled.
To be considered for the tax credit program, corporations must invest at least $10 million in a project to build or expand a value-added agri-processing facility in Alberta.
The program offers a 12 percent non-refundable tax credit for eligible capital expenditures.
Through the program, the Alberta government has given conditional approval for a tax credit to The Little Potato Company estimated at $1.3 million.
