Town of Prescott - CIP Incentive Program

• Completed application form
• Application Submission Checklist
• Project quotes/estimates
• Drawings/Mock-Ups of Planned Signage & Property Improvements, Proposed Material Specs/Sample Images, Colour Samples, and Existing Condition Images
• Property Proof of Ownership/Lease Agreement, with deed or property tax statement for property owners, or lease agreement or affidavit signed by the property owner and a 3rd party witness for tenants

Who is eligible?

• Commercial property owners and tenants
• Industrial property owners and tenants
• Heritage property owners and tenants
• Brownfield property owners
• Residential developers with affordable housing projects

Who is not eligible

• Properties without the required commercial, mixed-use, residential, or other eligible zoning for the relevant area
• Projects that do not include the required commercial, job creation, or affordable housing component where applicable
• Applicants with municipal arrears or outstanding work orders

Eligible expenses

• Building façade improvements, including repairs, restoration, repainting, and exterior features
• Signage, accessibility upgrades, and interior improvements
• Permit and application fees for eligible planning and building permits
• Interest-free loan-eligible property improvements
• Environmental site assessment studies and brownfield remediation costs

Ineligible Costs and Activities

• Works or studies subject to a CIP application that are started before receiving approval by the Municipality and before execution of any applicable grant or loan agreement(s) by the applicant and the Municipality.

Eligible geographic areas

• Area 1 - Downtown/RiverWalk District
• Area 2 - Employment District
• Area 3 - Heritage District
• Area 4 - Brownfield District
• Area 5 - Residential District

• Consistency with the Town’s vision, design guidelines, and policies.
• Support for revitalization, job creation, heritage preservation, or housing goals.
• For employment projects, a demonstrated permanent increase in employment.
• For brownfield projects, redevelopment must increase assessed value and property tax revenue.

• Arrange a pre-consultation meeting with the Economic Development Office to discuss and confirm application requirements, program eligibility, proposed scope of work, project timing, and supporting documentation requirements.
• After the consultation, submit a completed application with the required supporting documentation.
• Submit a separate application for each individually addressed property.
• Submit the application online if possible; in-person or mail submission is also available to the Economic Development Department at Prescott Town Hall, 360 Dibble St. W, P.O. Box 160, Prescott, Ontario, K0E 1T0.

• Once all required forms and supporting materials are received, Town Staff undertake a preliminary screening of the proposal and application.
• Town Staff may perform an initial site visit and inspection of the building or property as necessary.
• If the application clearly does not meet the program requirements, it will not be accepted; if it meets the requirements, it moves to the review and approval stage and is reviewed by the Planning Advisory Committee for final financial approval, with a decision communicated within 48 hours of the meeting.
• If approved, the applicant must enter into an agreement to receive approved funding.
• Approved funding is issued upon submission of required proof of expenses and payment.

• Applications are reviewed by the Planning Advisory Committee.
• A funding agreement is required before funds are issued.
• Grant and loan payments are made after proof of payment and inspection.
• Applications are processed on a first-come, first-served basis, subject to available funding.