The Quinte West Industrial Lands CIP is intended to stimulate private sector investment in targeted industrial areas in the City. Successful applicants will benefit from grants designed to help applicants reduce the costs associated with municipal property taxes. This program is open to new developments and existing businesses that expand on both municipally and privately owned industrial lands.
The City of Quinte West industrial lands community improvement plan (CIP) is intended to help stimulate private sector investment in the targeted City’s industrial areas in the provides financial incentive programs to encourage industrial development and redevelopment job growth economic vitality in the City.
Tax increment equivalent grant
The CIP can provide successful applicants with a grant to stimulate investment in the new and existing businesses by reducing costs associated with increased property taxes from significant development, redevelopment and property improvements on industrial lands.
Permit application fee grant
A grant to assist with the development/redevelopment projects on industrial lands via reducing the zoning bylaw amendment application fee or the Demolition Permit application fee.
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