Industrial Areas CIP Programs
Development Charge (DC) Grant Program:
The objective of this program is to provide assistance for the development and redevelopment of sites by further reducing the cost of development charges. Reduced development charges will help facilitate development and redevelopment efforts, and the municipality will benefit through development which raises assessment and activity in the Industrial Areas and beyond.
For additional information regarding development charges, please visit the following link:
Tax-based Redevelopment Grant (TIG) Program:
A Tax Increment Grant (TIG) leverages the increased assessment and property taxation generated by site (re)development to reduce the financial costs of property rehabilitation and (re)development by:
- Providing a grant for a percentage of the municipal portion of the property tax (including South Simcoe Police Services) for a given property; and
- Limiting such grants to annual payments for a maximum period of 10 years or equivalent to the maximum eligible cost of rehabilitation, renovation and/or (re)development, whichever comes first.
For additional information pertaining to taxes, please visit the following link:
Planning Fees and Building Permit Grant Program:
The objective of this program is to provide assistance for the development and redevelopment of sites via a reduction in applicable planning and building permit fees. Reduced planning and building permit fees may, in concert with other program support, help encourage new development efforts by reducing initial regulatory costs.
For a complete list of Town fees and service charges, please visit:
Building, Restoration, Renovation and Improvement Program:
This is a new grant offered in 2016 and has the potential to leverage significant private sector investment in interior building renovations and improvements, and help address the costs involved with a range of matters, such as:
-Building, fire and other code compliance;
-Retrofitting existing space (such as second floors)
-Potentially additional on-site development.
Grants are available up to $50,000 per property.
Applications are now being accepted and will be reviewed on a rolling basis throughout the year.
For more information please contact our Office of Economic Development.