Norfolk County has approved Rainey Ginseng Farms Limited for a project under the Building Façade Improvement Program of the Community Improvement Plan (CIP).
Rainey Ginseng Farms Limited will receive a grant of up to $183.75 and an interest-free loan of up to $183.75 to make improvements to the building located at 32 Main Street South in Waterford. Improvements include removal and replacement of damaged bricks, removal of loose mortar, and re-point mortar on front of the building.
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.