Norfolk County has approved 2504759 Ontario Limited for projects under the Community Improvement Plan (CIP).
2504759 Ontario Limited (Hoy’s Chinese Cuisine) will receive grants of up to $16,317 and an interest-free loan of up to $7,500 for design fees, permit fees, structural improvements, building façade improvements, and new signage for the property located at 71 Queensway East 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.
Information about CIP incentives is available at www.norfolkbusiness.ca, phone 519-426-9497 or email us.