Other Incentives

Niagara Region and local municipalities partner to offer financial incentives
to developers, investors and business owners to promote development
in Niagara.

Financial incentives are available for the following types of development projects:

• Industrial Employment Land Development
• Brownfield Redevelopment
• Downtown Development
• Affordable Housing

 
Industrial Employment Land Development


Programs available for industrial development region-wide:

Industrial Development Charge Expansion Exemption

No Regional development charge on projects where industrial gross floor area is enlarged by 50% or less.

Industrial Development Charge Grant

Grant of 100% of Regional development charge for industrial development. The charge is waived when the building permit is issued.

Incentives for employment land development in the Niagara Gateway Community Improvement Project Area (designated employment lands in Fort Erie, Niagara Falls, Port Colborne, Thorold and Welland):

Gateway Tax Increment Based Grant

Annual grant of 40 – 100% of the municipal (Regional and local municipal) property tax increase generated by the development, provided for up to 10 years. Grant amounts and duration of annual grant payments (5 or 10 years) depends on project location and the level of investment and job creation.


Gateway Development Charge Grant

Grant of 70 – 100% of Regional development charge for industrial employment land development projects that provide an exceptional level of economic performance and design performance. 

Brownfield Redevelopment


Programs available for brownfield redevelopment region-wide:

Smart Growth Development Charge Reduction

  • Automatic 50% reduction of Regional development charge.
  • Automatic 75% reduction of Regional development charge if a brownfield redevelopment project is also in a designated central urban area.
  • Reduction to zero of remaining Regional development charge for brownfield redevelopment projects that include Smart Growth Design Criteria.
  • A number of local municipalities in Niagara also charge reduced or no local development charges on brownfield redevelopment projects.

Brownfields Tax Assistance

Freezing or cancellation of municipal and education property taxes for a period of up to 3 years during remediation and redevelopment.

Brownfields Tax Increment Grant

Annual grant of 70 – 100% of the municipal property tax increase created by the development, provided for up to 10 years.

Environmental Study Grant Program

Matching grant of up to $10,000 or more for the completion of environmental site assessments and similar studies.

Downtown Development


Incentives for commercial, residential, mixed use and institutional development in approved downtown areas and local community improvement project areas:

Smart Growth Development Charge Reduction

Automatic 50% reduction of Regional development charge. Reduction to zero of remaining Regional development charge for projects that include Smart Growth Design Criteria. A number of local municipalities in Niagara also charge reduced or no local development charges in their central urban areas.

Tax Increment Grant

Annual grant of 60 – 100% of the municipal property tax increase created by the development, provided for up to 10 years.

Building and Façade Improvement Grants and Loans

Matching grants/no-interest loans of $10,000 – $20,000 for façade improvements and structural improvements to buildings.

Residential Grants and Loans

Matching grants/no-interest loans of $4,000 – $20,000 per residential unit for rehabilitation of existing residential units and the construction of new residential
units through infill or intensification.

Heritage Restoration and Improvement Grants and Loans

Matching grants/no-interest loans typically ranging between $5,000 and $20,000 for restoration and improvement of buildings designated under the Ontario
Heritage Act.


Affordable Housing


Programs available for affordable housing development region-wide:

Affordable Housing Development Charge Exemption

No Regional development charge for affordable housing projects funded through an agreement with Niagara Regional Housing. Programs available for affordable housing development in approved downtown areas and local community improvement areas:

Affordable Housing Grants and Loans

Matching grants/no interest loans of $10,000 – $20,000 per residential unit. Program can be utilized in addition to the Residential Grant and Loan Program in downtown areas and local community improvement areas.


Contact NED Staff


For all other types of projects, please contact your local municipality.
The incentive programs described above are subject to cancellation and/or modification at any time. Applicants should contact Niagara Economic Development and/or the local Niagara municipality to obtain the most up to date incentive program information.


 

Canadian Motor Speedway unveils corporate office in Fort Erie
Fort Erie Times - Sarah Ferguson
The opening of the corporate office for the Canadian Motor Speedway was an emotional moment for outgoing Fort Erie mayor Doug Martin.

“There were times when we wondered if this was really going to happen,” Martin said.
“With all of the challenges we have had and the road blocks we ran into, to see this actually happen is really great.”
As plans move along for the speedway, officials from the proposed development unveiled its new corporate office Wednesday afternoon.

The new office at 168 Garrison Rd. will provide CMS management with a meeting place to conduct business and oversee the next phase of engineering and construction work targeted for spring 2015.
Read more
William Zhou of iHub resident company makes Forbes' Top 30 under 30 
Chalk.com founder William Zhou is listed among 30 top innovators in education who are rethinking learning with the three C’s: code, college readiness, and community impact.

Read more
Green light for
West Niagara
wind turbine
project

Welland Tribune
By Dan Dakin
November 12, 2014

The company planning to build one of Canada’s largest industrial wind turbine farms in Niagara has been given the approval to move forward.
Niagara Region Wind Corp. said Wednesday it is on track to build its 77-turbine wind farm in Niagara region and Haldimand county, after the Ministry of the Environment issued its Renewable Energy Approval last week.
Read more
Chinese delegation hears first-hand about made-in-Niagara products
RICHARD HUTTON - Niagara This Week
Local wines, agri-foods are growing in popularity in China, distributor says
Chinese delegation hears first-hand about made-in-Niagara products
While Niagara is a popular destination for tourists from China, it’s not just about the scenery.
It’s also a chance to visit the source of what is becoming a booming trade between the region’s wine and agri-food sectors and the world’s most populated country.
Read more
Meridian Centre
enjoys promising start

St. Catharines Standard 
By Don Fraser, QMI Agency
Monday, November 3, 2014

After the Mansion House put huge resources into a reno and new patio, a new spectator facility is paying off.
It's been three weeks since the Meridian Centre threw open its doors, and Mansion manager Justin Cirillo has already noticed a boost.
"This gateway here has been great for us," Cirillo said. "Every concert and hockey game there's been lots of traffic here."
He said the Ontario Street parking garage has been well used on Niagara IceDog game days and during the City and Colour concert. "It seems to fill up during games and that's great."
Read more
©2014 Niagara Economic Development Corporation Powered by iCMS™ of Yfactor Inc.