Norfolk County has approved 676766 Ontario Limited for an incentive in the Community Improvement Plan (CIP).
The property owners will receive an interest free loan of up to $3,137.50 and a grant of up to $3,137.50 for improvements to their building located at 22 Peel Street in Simcoe. Building façade improvements include repairs and painting.
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.