Business Development Grant Program

Business Development Grant Program

Purpose

Intended to provide financial incentive to stimulate new investment in targeted economic sectors for the purposes of expanding and diversifying Windsor's economy. The program will also apply to projects that demonstrate a major investment resulting in a significant positive impact on the local economy and workforce.

Description

Consists of a grant program, whereby new businesses will be eligible to receive a grant for a percentage of the tax increment generated from the investments made in the development or redevelopment of the building or property in conformity with this Community Improvement Plan (CIP).

Financial Details

Grant equivalent up to 100 percent of the municipal property tax increase created by the project for up to 10 years after project completion.

Requirements

Project must create a minimum of 50 new jobs within the manufacturing sector or more than 20 jobs within any other targeted sector(s).

Downloads

Economic Revitalization CIP Program Guide.

Economic Revitalization CIP Application Form.

Economic Revitalization Timeline.

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