Amazon, Walmart and New Horizon Mall leading the way for innovative businesses and entrepreneurs
Balzac, AB – Despite the economic downturn, one Alberta County is reaping the rewards of its innovative ‘Bricks and Clicks’ strategy and low business tax environment. With the boom in online shopping, Rocky View County’s ‘Bricks and Clicks’ strategy is attracting innovative businesses that combine online shopping (clicks) with warehouse fulfillment centres (bricks).
Recently, online giant Amazon selected Rocky View County as the location of its 600,000 square foot, state-of-the-art warehouse and distribution facility. As did Walmart, Sobeys, Gordon Food Service and several others. Balzac has become a hub of commercial and industrial growth and a world-class destination for retail and entertainment.
“The world of retail is in the midst of a revolution. How consumers shop, research, and purchase items has drastically changed,” says David Kalinchuk, economic development manager with Rocky View County. “Retailers are developing their warehouse space as fulfillment centres. A customized product like cookware or a chandelier could be purchased at a stylish retail showroom in the New Horizon Mall and picked up locally at the company’s warehouse bay in Balzac.”
While the ‘Bricks and Clicks’ phenomenon is a global trend disrupting retail, Rocky View County’s low tax environment appeals to both tech giants and small businesses and entrepreneurs at New Horizon Mall.
Opening a retail business in Rocky View County is almost four times less expensive than Calgary. The total tax burden of operating a business in Calgary, with a retail space assessed at $100,000 is $3888.64. Operating in one of Calgary’s Business Improvement Areas will add between $198.00 and $2070.00 to the cost of doing business in the City.
With no business tax, no business revitalization zone levies, no business license fee, the same business would pay $1112.81 in Rocky View County. (See table and background information below).
“Bottom line, retail businesses operating in Rocky View County pay dramatically less tax,” says Kalinchuk. “CrossIron Mills, which had 9.4 million consumers in 2017, paved the way for other retailers in the area and New Horizon Mall is perfectly situated to benefit from this volume and it allows smaller retail businesses the opportunity to operate in an established world-class retail destination.”
With leasing options starting at about $1000/month, New Horizon Mall offers affordable options to start or expand a business just south of CrossIron Mills, in the middle of this new vast warehousing community and close to the Calgary International Airport. Standard store units range in size from 145 to 450 square feet and are customized to each tenants’ specification.
New Horizon offers a culturally diverse shopping experience featuring independent businesses with products from around the world. It is different by design. All of New Horizon’s units are individually owned, some are owner-occupied and some are leased. The design makes units more affordable for entrepreneurs.
“Visionary leadership by Rocky View’s Council and its ‘Brick and Clicks’ strategy has contributed to making this area a world-class destination for retail and entertainment,” says Scott Smith, general manager, New Horizon Mall. “The Rocky View Advantage is real.”
As of December 7th, New Horizon Mall has 39 stores open and recently announced the opening of its first food court operator, Matty’s Grill. Other food court operators will be added in the coming weeks. In addition to the open stores, there are another 40 ready to be occupied right now. Each weekend this month, New Horizon Mall is hosting a Christmas Craft and Farmers Market in the atrium. This offers entrepreneurs and vendors the opportunity to be part of the holiday retail environment.
“A low tax environment for business never gets old, but as consumers change and technology disrupts traditional ways of doing business, Rocky View County is on the cutting edge of the retail revolution,” says Smith. “The County is creating an excellent environment for entrepreneurs and small businesses.”
Interested parties can visit the leasing office at the mall or contact New Horizon Mall at: NHM Leasing Centre, 1-855-851-2888, firstname.lastname@example.org
|COMPARISON OF PROPERTY TAXES IN THE REGION|
|Rocky View County||City of Calgary||City of Airdrie|
|Tax Rate||Taxes*||Tax Rate||Taxes*||Tax Rate||Taxes*|
|Total Tax, Fees||$1,112.81||$3888.64||$1,431.95|
|Business Improvement Area – where applicable||None||$0||1.98 – 20.7||$198.00 – $2070.00||None||$0|
|Total versus Rocky View County||+$2775.83||+$319.14|
| Sources: Alberta Municipal Affairs – Municipal Profiles, November 23, 2018.
City of Calgary, City of Airdrie, websites.
(* based on a retail space assessed at $100,000, tax rates expressed per $1000 of valuation ** nonresident fee)
As shown, the tax burden is $2775.83 less for a retail business operating in Rocky View County in comparison to the City of Calgary, and $319.14 less for a retail business operating in Rocky View County in comparison to the City of Airdrie.
To view New Horizon Mall’s media kit please, click – here –
For more information on New Horizon Mall visit www.newhorizonmall.com/
About New Horizon Mall
New Horizon Mall is located 20 minutes north of downtown Calgary and directly across from CrossIron Mills in Rocky View County. The mall is comprised of unique stores, an entertainment stage and a food court with 300-seats plus indoor and outdoor parking areas. New Horizon Mall’s visionary retail experience, proven in major markets throughout the world, offers the exotic colourful allure of an international mall set in the comfort and beauty of a sublime, contemporary upscale architectural masterpiece.