Amount:

No Fixed Amount

Type of Program:

Grant


Description:

This program allows the City to grant back to businesses all incremental increases in municipal property taxes resulting from new aerospace related development on Airport lands for up to 25 years.

Comments on Funding:

The City grants back to businesses all incremental increases in municipal property taxes resulting from new aerospace related development on Airport lands
The total amount granted back cannot exceed the total value of the eligible development work, including any new buildings or structures.


When It Ends:

Ongoing

Deadline:

December 31, 2030

Eligibility:

Applicants must:

  • be owners and tenants; 
  • make aerospace related development. 

Applications Steps:

1

Applicants must set up a pre-consultation meeting to be considered for a grant under this program.

Documentation Needed:

Applicants must:

  1. 1
    submit the completed application form;
  2. 2
    attach drawings if available/appropriate to support the development, improvements, studies, remediation or other works to be undertaken on subject property.

About the author 

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business.
Click here to learn more about Moe's background and how he can help your business.

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