Norfolk County has approved 2364112 Ontario Ltd. for Incentives in the Community Improvement Plan (CIP).
The property owner will receive an interest free loan of up to $7,500 and grants of up to $14,751 for architectural and design work, building façade improvements, planning application fees, building permit fees, and landscaping on the property located at 42 Colborne Street North in Simcoe.
Incentives are available for architectural and design, environmental site assessment, structural improvements, building facades, agricultural building and facilities, residential conversions and rehabilitation, landscaping, signage and property improvement. Property tax increment grants are also available for larger projects.
Non-residential projects are eligible for incentives. Depending on the program, programs apply to properties in urban, hamlet, lakeshore and agricultural areas.
Community Improvement Plans help municipalities target areas in transition or in need of repair, rehabilitation and redevelopment, and stimulate private sector investment through municipal incentive-based programs.