Prescott Employment Lands CIP Incentives

• Completed application form
• Property proof of ownership or lease agreement
• Drawings or mock-ups of planned signage and property improvements, proposed material specs or sample images, colour samples, and existing condition images
• Project quotes or estimates, including a minimum of one and preferably two cost estimates or quotations from licensed contractors and/or building material suppliers
• Application Submission Checklist

Who is eligible?

• Commercial property owners and tenants
• Industrial property owners and tenants
• Heritage property owners and tenants
• Brownfield property owners
• Owners of multi-unit residential development projects with affordable housing

Who is not eligible

• Properties without the required zoning for the relevant program area
• Applicants in municipal tax arrears
• Projects completed before application, unless pre-approved as an exception
• Applicants missing required owner authorization when applying as a tenant

Eligible expenses

• Façade, signage, accessibility, and interior improvement costs
• Engineering or architectural reports
• Phase I and Phase II environmental site assessments
• Permit and application fees
• Brownfield remediation-related costs

Ineligible Costs and Activities

• Work completed before application, unless an exception is approved in advance.
• Labor costs performed by the applicant or owner.
• Non-fixed property improvements.
• Duplicate expenses already funded under another CIP incentive.
• Projects or applicants that do not meet the program’s requirements or are in tax arrears.

Eligible geographic areas

• Downtown/RiverWalk District
• Employment District
• Heritage District
• Brownfield District
• Residential District

• Consistency with Town, provincial, and federal policies and guidelines.
• Project alignment with Prescott’s planning and development goals.
• Compatibility with neighbouring buildings and the area’s character.
• For some areas, direct job creation or increased business capacity.
• For some areas, increased assessed value or property tax revenues.

• Arrange a pre-consultation meeting with the Economic Development Office to discuss and confirm application requirements, program eligibility, project timing, and supporting documentation requirements.
• After the consultation, submit a completed application with the required supporting documentation, and submit a separate application for each individually addressed property.
• Submit the application to Prescott's Economic Development Department; electronic submissions are preferred, and in-person or mail submissions can be sent to Prescott Town Hall, 360 Dibble St. W, P.O. Box 160, Prescott, Ontario, K0E 1T0.
• If the space provided is insufficient, provide additional information on a separate page, and attach the signing page signed by the property owner or authorized agent and properly commissioned.

• Once all required forms and supporting materials are received, Town Staff conduct a preliminary screening and may perform an initial site visit and inspection.
• If the application clearly does not meet the program requirements, it will not be accepted.
• If the application meets the program requirements, it moves to the review and approval stage and is reviewed by the Planning Advisory Committee for final financial approval.
• The applicant is notified whether the application was approved or declined within 48 hours of the PAC meeting.
• If approved, the applicant must enter into an agreement to receive approved funding, and funding is available after submission of required proof of expenses and payment.

• Applicants shall not commence any works or studies subject to a CIP application before receiving approval by the Municipality and before execution of any applicable grant or loan agreement(s).