Programs & Incentives
Niagara Economic Gateway
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Grow Your Business In Niagara Falls
The Niagara Gateway Economic Zone and Centre Community Improvement Plan (Gateway CIP) provides eligible projects with property tax reductions of between 40% and 100% for five to ten years to eligible property owners in Niagara Falls. Those same projects are also eligible for grants to cover Regional Development Charges. Projects that promote private sector investment, development, redevelopment and construction activity may be eligible.
Two Programs are available through the Gateway CIP
Tax Increment Based Grant Program - This program provides an incremental tax grant to completed projects within the Gateway Project Area based on the project’s economic and environmental design performance. Successful applicants will receive a tax rate of a percentage of the post-project values, for a period of 5 or 10 years depending on the location of the project. Tax savings resulting from this program can be significant.
Regional Development Charge Grant Program – This program recognizes industrial projects – those that score 14 points of more according to the Gateway CIP evaluation criteria and provides relief from Regional Development Charges for those projects. The Development Charge Grant payment is capped at $1.5 Million.
