Elgincentives Community Improvement Plan

Elgincentives Community Improvement Plan

Elgin County provides financial assistance to business and property owners for repairs, restorations and redevelopment projects.

Elgin County has developed the following set of incentive programs in order to stimulate private sector investment in land and buildings:

• Tax Increment Equivalent Grant (for Major Projects): stimulate investment by deferring part of the increase in property taxation as a result of the major development, redevelopment, reconstruction, or rehabilitation of lands or buildings.
• Façade, Signage, and Property Improvement Grant: assist with improvements to a building’s façade or signage, or other improvements to private property (i.e., parking and landscaping).
• Building Improvement/Restoration Grant: assist with maintenance and physical improvement of existing buildings.
• Building Conversion/Expansion Grant: assist in the small-scale conversion of existing vacant space into new commercial, mixed-used or other eligible uses.
• Energy Efficiency Retrofit Grant: assist with retrofits that improve the overall energy efficiency of a building.
• Outdoor Art Grant: assist with the permanent installation of outdoor artwork/sculptures.
• Feasibility/Design Study Grant: assist with the completion of studies and plans that will investigate the potential of or support a new business or development project.
• Multiple Property Owners Supplemental Grant: provides a bonus grant where multiple owners or tenants implement a coordinated approach to projects.
• Savour Elgin Grant: provides a bonus grant where the establishment of a new eligible use that will also meet the criteria of the ‘Savour Elgin’ program.