Other Incentives

Industrial Development

Industrial Development Charge Expansion Exemption

The Regional Development Charge is waived on industrial projects where gross floor area is enlarged by 50% or less.

Industrial Development Charge Grant

A grant for 100% of the value of the Regional Development Charge is available for industrial development projects at time of issue of the building permit.

Incentives for employment land development in the Niagara Gateway Community Improvement Project Area:

Gateway Tax Increment and Development Charge Grants

Designated employment lands in Fort Erie, Niagara Falls, Port Colborne, Thorold and Welland may be eligible through the Gateway CIP program for an annual grant of 40 – 100% of the municipal property tax increase generated by the development 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. A grant of 70 – 100% of Regional Development Charge for industrial employment land development projects that provide an exceptional level of economic and design performance is also available.

Federal

National Research Council of Canada – Industrial Research Assistance Program

This federal program offers grants to eligible Canadian businesses specifically for the internal development and improvement of innovative technologies, products, and processes. Up to 65-80% of eligible internal technical labour costs are covered.

Southern Ontario Fund for Investment in Innovation

This federal program supported by FedDev Ontario provides interest-bearing business loans to support innovation and growth in small- and medium-sized businesses. It offers loans typically between $150,000 to $500,000 at an interest rate ranging from 8-12% to help finance late stage commercialization; new product or service development; development or implementation of new processes or technologies; or new applications or markets.

Visit the following websites to discover even more incentives and grants that are available to support your next investment:

Invest in Ontario

Incentive programs described above are subject to cancellation and/or modification at any time. Applicants should contact Niagara Economic Development and/or their local Niagara municipality to obtain the most up-to-date information on incentive programs.

Provincial

FedDev Ontario – Business Scale-Up and Productivity

This Ontario government program offers no-interest loans for innovative and globally-oriented businesses undertaking a range of activities to accelerate growth. The Business Scale-up and Productivity Stream will normally target investments that range from $500,000 up to a maximum of $10 million per project.

Southwestern Ontario Development Fund

This provincial program supports business development and the expansion of SMEs located in Southwestern Ontario, including Niagara. Eligible projects can receive grants for up to 15% of eligible expenses, up to a maximum of $1.5 million for projects with budgets up to $10 million.

CME SMART Green Program

This partnership program between the Canadian Manufacturers and Exporters (CME) and the Government of Ontario offers eligible projects a grant to accelerate the adoption of innovative technologies that improve a company’s productivity and energy efficiency. The program provides 50% of project expenses to a maximum of $200,000.

Visit the following websites to discover even more incentives and grants that are available to support your next investment:

Invest in Ontario

Incentive programs described above are subject to cancellation and/or modification at any time. Applicants should contact Niagara Economic Development and/or their local Niagara municipality to obtain the most up-to-date information on incentive programs.