Residents Invited to Provide Feedback on the Draft Employment Land Community Improvement Plan

Jun 8, 2023

Residents are invited to attend one of two virtual open houses to provide feedback on the draft Employment Land Community Improvement Plan (ELCIP).

Community Improvement Plans (CIPs) are a sustainable community planning tool used by municipalities to revitalize areas of a city or community through programs, grants and incentives. Under the Planning Act, CIPs can be undertaken for environmental, social or economic development reasons. Through its various CIPs, the City has developed a number of financial incentives that are available to any proponent within the CIP area.

The City of Greater Sudbury’s new ELCIP will support projects that strengthen and diversify the community’s industrial sectors through increased employment and investment. Eligible projects can receive significant tax increment-based grants to offset the increased taxes driven by higher property values at project completion.

This is the first economic development driven CIP in the City’s history that is focused on investment attraction and expansion. 

The proposed ELCIP includes a Tax Increment Equivalent Grant (TIEG) available to support industrial development. Highlights include:

  • Applications are prioritized based on construction value, number of jobs created or retained, location within strategic industrial areas;
  • TIEGs range from a three-year, five-year, seven-year or 10-year span, depending on eligibility;
  • The incentive is available for any location within Greater Sudbury.
  • Targeted industries include Clean Tech, Life Science and Film and Television;
  • Projects from other sectors with potential for economic development and job creation are eligible to apply;
  • Applicable projects must have a base construction value of at least $1,000,000;
  • The program may be combined with other incentive programs offered by the City or other levels of government.

Public Consultation

Online Open House #1:

Tuesday, June 13, 2023

2:30-3:30 p.m.

greatersudbury.ca/employmentcip1

 

Online Open House #2:

Wednesday, June 14, 2023

5-6 p.m.

greatersudbury.ca/employmentcip2

More information, including drafts of the proposed ELCIP, can be found on overtoyou.greatersudbury.ca

-30-