Role of the Town of Bancroft in the Funding Ecosystem
As a local municipality in Ontario, the Town of Bancroft plays a leading role in administering public services and economic development in the region. While not a provincial or federal grant organization, the municipality manages local programs that can have financial impact on local businesses and properties.
Tax Increment Equivalent Grant Program
The Town of Bancroft's Economic Development department offers the Tax Increment Equivalent Grant Program. This program aims to stimulate economic development by providing financial support to eligible projects within the municipality.
Economic Development Strategic Planning
The town is currently developing an economic development strategic plan with support from Ontario's Rural Economic Development Program. This plan will provide direction, goals, and priorities for economic development in Bancroft over the next five to ten years.