New Business Incentives Coming Soon
As part of our city’s Community Improvement Plan (CIP), we will soon be offering business incentives designed to stimulate brownfield redevelopment in our urban areas. The goal of this redevelopment is to improve and restore Burlington’s natural environment while generating employment intensification and growth.
What are Brownfield CIP’s?
“Brownfields” are former industrial or commercial sites whose operations may have contaminated the soil or groundwater, but now have the potential to be turned into economically viable and profitable assets once again.
Brownfield sites typically have an already existing infrastructure in place, such as roads, water and sewage systems. Multiple benefits result from their redevelopment, including improvements in environmental quality, human health, economic growth and sustainability.
The CIP will include grants, loans and tax incentives. They are not yet finalized, but are expected to be in place by the end of this year.
Lower Taxes and Development Costs
See how our city has worked to earn your business, with competitive tax rates and development charges as low as $0.
Provincial and Federal Programs
Take advantage of incentive programs offered by both the Province of Ontario and the Government of Canada.
CIP Key Updates
On April 6, 2021, Burlington Economic Development will seek approval from City Council on 1) The by-law to designate the Community Improvement Project Area, as contained in Appendix A of Burlington Economic Development report ECDEV-02-21; and 2) The by-law to adopt a Brownfield Focus Community Improvement Plan for the Community Improvement Project Area, as contained in Appendix A of Burlington Economic Development report ECDEV-02-21.
The most up-to-date report, presented to Council on April 6, 2021 can be found here. Additional documents, including Appendix A of the report can be found under section 4.2 of the April 6 Community Planning, Regulation and Mobility Committee agenda, found here.
Upon approval, the goal is to continue to move toward consideration of implementation in Q4 2021, with incentive programs rolling out starting in Q1 2022.
We will continue to update this page as new information becomes available.
Are You Ready to Seize Opportunity?
Let us show you why Burlington is the perfect location for your business.