Financial Incentives

Financial Incentives

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Contact(s)

Patricia Rutter
Economic Development Officer
1 MacDonald Square, Elora , ON
N0B 1S0
Phone: 519.846.9691 x304
Email: Click to send email

The Township of Centre Wellington is pleased to offer the following financial incentives in 2015.

Façade, Building and Property Improvement Grant/Loan

  • May provide up to 50% of the eligible costs by providing an interest free loan and/or grant to a maximum Township contribution of $10,000. If both loans and grants are provided, they will be equally apportioned, meaning the maximum Township contribution for the façade improvement would be a $5,000 interest free loan and a $5,000 grant.
  • Additional funding may be available under certain conditions and in the Fergus BIA area.
  • Application form and guideline information 

Housing Rehabilitation and Conversion Grant/Loan

  • May provide up to 50% of the eligible construction costs, to a maximum of $4,000 per unit. If both loans and grants are provided, they will be equally apportioned, with the maximum Township contribution for the rehabilitation or conversion project would be a $2,000 interest free loan and/or a $2,000 grant. Maximum of 2 units are eligible.
  • Application form and guideline information

Contaminated Assessment Study Grant

  • May provide up to 50% of the cost of to complete one or more eligible contamination assessment studies, to a maximum of $10,000 per property.
  • Application form and guideline information available in May

Applications for all incentive programs will be reviewed by the Community Improvement Implementation Committee on a first come, first served basis. 

Priority Sites

Additional financial incentives such as a Tax Increment Equivalent Grant Program and a Brownfield Financial Tax Assistance Program will be available for properties designated as "Priority Sites" by the Township.

Priority Sites are lands that meet the following criteria:​

  • The site has frontage along the Grand River
  • The site is a known brownfield property
  • A building on the site has significant heritage value
  • The site is vacant or underutilized and has potential for significant development/redevelopment and/or
  • The site is subject to a proposal that will:
    • Help achieve targets and policies of the Provincial Growth Plan
    • Accommodate significant job growth
    • Achieve exceptional design standards, resulting in increased building costs and/or
    • Help achieve any other local economic development goal or priority, as identified by Township Council.

 An initial list of Priority Sites has been established by Township Council.