NORTH GRENVILLE, ON – Modest financial incentives are once again available for businesses and property owners to continue the revitalization of Downtown Kemptville.
In 2021, Council approved the Downtown Kemptville Community Action Plan (DKCAP) and a refreshed Community Improvement Plan (CIP). The goal of the revitalization plans is to promote and encourage more development in the core so that North Grenville's growth is better balanced.
“Downtown Kemptville is a central part of our community, with lively events and vibrant businesses. It is a great place to live, shop, gather and connect. Programs like the CIP are intended to reduce the obstacles to developing in the downtown and leverage opportunities to contribute to our local economy,” said Mayor Nancy Peckford.
As part of the Downtown Kemptville CIP, intake is now open for the following financial programs:
- Façade & Signage Grant: covers 50% of the costs up to $10,000 of high-quality improvements to the frontage of buildings (Total allocated $50,000).
- People Make the Place Grant: $5,000 per residential unit created in multi-unit residential builds (Total allocated $50,000).
- Building Fees Grant: up to $2,500 for multi-unit residential developments to cover building fees (Total allocated $12,500).
- Tax-Increment Equivalent Residential Grant: reimbursement of the municipal portion of the incremental property tax for new multi-unit residential developments, starting at 90% and decreasing by 10% per annum.
“We look forward to a diversity of applications this year, and as a Council are excited about new residential and recreational developments in our downtown core,” added Deputy Mayor John Barclay.
Intake is on a rolling basis until funds are exhausted. The total amount allotted annually to the CIP program is $112,500.
To learn more and to review the full program guidelines visit: www.northgrenville.ca/doing-business/funding.