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Incentive Programs in Port Colborne
The City of Port Colborne and the governments of Ontario and Canada offer a range incentive programs for new or expanding businesses. The programs outlined below are all available in Port Colborne, and most can be stacked together to provide a compelling package for investments in the manufacturing or logistics sectors.
For more information or further assistance, please contact:
Economic Development Officer
City of Port Colborne
66 Charlotte Street
Port Colborne ON L3K 3C8
Tel: 905-835-2900 ext 502
Email the Economic Development Office
City of Port Colborne Incentive Programs
Brownfield Community Improvement Plan
The Brownfield Community Improvement Plan provides four incentives to encourage development on lands designated as brownfields. Brownfields are defined as an abandoned, vacant, derelict, idled or underutilized properties in the Urban Area of the City of Port Colborne where redevelopment is complicated by environmental contamination. In addition to grants that reimburse application fees for building permits or planning approvals, the three incentives available are the Environmental Site Assessment Grant, the Feasibility Study Grant and the Brownfield Property Tax Assistance Program. Click here for more information on the Brownfield Community Improvement Plan.
Industrial Community Improvement Plan
The Industrial Community Improvement Plan provides four incentives to encourage industrial development, both new investments and expansions of existing operations, on lands zoned for industrial uses throughout Port Colborne. The incentives available through the Industrial Community Improvement Plan are the Business Development Grant Program, the Business Retention and Expansion Grant Program, the Small Business Investment Grant Program and the Development Charges Rebate Program. Click here for more information on the Industrial Community Improvement Plan.
Niagara Gateway Economic Zone and Centre Community Improvement Plan
The Niagara Gateway Economic Zone and Centre Community Improvement Plan provides two incentives to encourage industrial development within the urban area of Port Colborne. These two programs are the Tax Increment Based Grant and the Development Charge Grant Program. Click here for more information on the Niagara Gateway Economic Zone and Centre Community Improvement Plan.
Government of Ontario Incentive Programs
Southwestern Ontario Development Fund
The Southwestern Ontario Development Fund promotes economic development in Southwestern Ontario, which includes Port Colborne. The fund provides financial assistance to promote the expansion and attraction of investment/business in Southwestern Ontario through support for capital spending, skills development, productivity enhancements, infrastructure needs and other similar economic development initiatives. Funding is targeted to key sectors. Click here for more information on the Southwestern Ontario Development Fund.
Government of Canada Incentive Programs
Building Canada Fund
The Building Canada Fund is a federally funded infrastructure fund. Eligible projects can receive up to 50% of capital costs. The Building Canada Fund identifies sectors as key funding priorities. The Building Canada Fund also covers some remediation costs for brownfields. Click here fore more information on the Building Canada Fund.
Foreign Trade Zone Programs
The Government of Canada has three foreign trade zone style programs that can be used anywhere in Canada – properties do not need to be in or identified as foreign trade zones. The Duty Deferral Program allows duty payments to be deferred or refunded on goods that are imported to Canada, stored (or minimally processed) and then exported. The Export Distribution Centre Program provides relief from paying Harmonized Sales Tax on imported goods and domestically purchased goods. The program applies to importation of goods with limited valued-added production taking place, then exportation of the finished goods. The Exporters of Processing Services provides relief from paying Harmonized Sales Tax on imported goods provided the goods do not belong to the applicant and the goods are only stored or minimally processed, then exported. Click here for more information on Foreign Trade Zone Programs.
The Federal Economic Development Agency for Southern Ontario administers 10 programs that provide funds targeted to specific sectors or toward key priorities. Funding opportunities vary by program. Click here for for a complete list of programs offered by FedDev Ontario.