Urban Economic Development Program updated
The Urban Economic Development Program now shows detailed incentive amounts, percentages, and eligibility criteria in the program material.
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The Urban Economic Development Program material now includes specific incentive terms that were not visible before: a Building Permit & Planning Fee Grant of 50% of building/planning fees up to $15,000, a Development Charge Reduction of up to 80% of eligible charges, and a Parkland Cash-in-lieu Reduction of up to 100% for a project associated with a Targeted Sector or up to 50% for a non-targeted sector. The updated program text also adds eligible works and selection criteria, including a detailed business plan requirement, preference for Targeted Sector projects, and ineligibility for projects approved for a Development Charge deferral under By-law 47-19.

