Diversification grant to support business development in fort frances

Diversification Grant

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This grant is to be used to encourage the development of a diversified economic base in the Town of Fort Frances. To be eligible, developments must meet a series of conditions.

  • Properties must be classed or be planned to be re-classed as Commercial or Industrial and be a development in sectors such as manufacturing, machining, environmental or technology related businesses. Retail businesses and most service businesses are not eligible.
  • The project must result in both job growth and/or retention and assessment increases.
  • Work undertaken should be estimated to result in at least $25,000 in increased value of the property.

The grant is provided in two parts; the first rebates a portion of municipal charges associated with the building or demolition and the second provides a partial tax relief on the new value.

Photo credit: Fort Frances Times Ltd.